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    EV financing startup Vidyut raises $2.5 million from Flourish Ventures

    Founded in 2021 by ex-Swiggy and Bounce executives Xitij Kothi and Gaurav Srivastava, Vidyut offers a full-stack ecosystem for commercial and passenger EV ownership. The company said its asset-underwriting algorithms and battery health data analysis enable it to offer affordable financing through its battery subscription model, making EVs more accessible.

    Gulf Oil renews partnership with Piaggio India for co-branded lubricants till 2030

    Gulf Oil and Piaggio India have extended their exclusive lubricant partnership until 2030. This renewed agreement covers factory fill, workshops, and retail, including BS-VI oils and EV fluids, for Piaggio's vehicles in India and select export markets. Both companies aim to leverage growth in the commercial and electric vehicle sectors.

    Piaggio sells about 26,000 electric 3-wheelers since 2019

    This year, the Italian automaker Piaggio & C. SpA's subsidiary Piaggio Vehicles Pvt Ltd has sold over 26,000 of its electric three-wheelers. The Indian affiliate sold over 12,000 units in retail last year. The announcement was made during the launch of Ape E-city FX NE Max, a three-wheeled passenger electric vehicle (EV), today in Tamil Nadu.

    Piaggio Vehicles announces entry of Ape Electrik 3-wheeler in Philippines

    "We see huge export potential to the market and also aim to meaningfully contribute to their EV ambitions," said Diego Graffi, Chairman and Managing Director, Piaggio Vehicles Pvt Ltd. These vehicles will be powered by the SUN Mobility's advanced battery-swapping technology.

    Piaggio to launch mid-segment Aprilia bike

    "We are working on a global motorcycle project that will be focused on all the countries where we have our factories that include Italy, India, Vietnam, Indonesia and China," said Davide Zanolini, executive vice president, global marketing and communication, at Piaggio Group, and chief marketing officer of Piaggio Fast Forward, a group entity focused on technology and design.

    Piaggio Vehicles April-November cargo three-wheelers sales at 15,206 units

    "Piaggio introduced India to the most cost effective, three-wheeler cargo and since then is the leader in the segment. We have maintained the number one spot despite a challenging environment in FY22 YTD in the total three-wheeler cargo business," said Diego Graffi, Chairman and Managing Director, Piaggio Vehicles.

    The Economic Times
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