Under the terms of the agreement, MLL will acquire the express business through a Business Transfer Agreement (BTA), including the customers, team and assets of RPSL’s B2B express business, RSPL’s technology platform and the Rivigo brand.
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Groot, the new pack has a nominal voltage of 57.6 V and rated energy of 2.04 kWh. It is also water and dust-resistant, with an IP-67 rating.
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As electric cycles become more mainstream in India, Hero Lectro’s commuter series introduces high-power removable batteries that offer the convenience of charging anywhere in under 4 hours.
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The company says that the funds raised will primarily be used for the expansion of swapping solutions and further strengthening the technology team to bring out new products.
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With the launch of this retail dealership, Altigreen is focussing on providing its consumers an enhanced and never-seen-before experience with world-class and modern infrastructure.
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Arnd Franz to be CEO and Chairman of the Management Board of the MAHLE Group with effect from November 1, 2022. Markus Kapaun to be a Member of the Group Management Board responsible for Finance (CFO) with effect from November 1, 2022. Kapaun succeeds Michael Frick.
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The company plans to exhaust funds in expanding its team and acquiring talent under different profiles. It also intends to use a part of the fresh investment in strengthening the technology backbone of the solution.
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The centre will work in sync with the design and engineering teams and it will house global talent across multiple disciplines of two-wheeler and three-wheeler.
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