Thursday, Apr 25 2024 | Time 16:37 Hrs(IST)
image
Business Economy


Hyderabad’s fully electric ride-sharing startup Hala Mobility launched

Hyderabad, Nov 30 (UNI) Hala Mobility, a startup incubated at T-hub under the lab32 project cohort 6, launched its user application here on Tuesday.
The launch was done by Principal Secretary (ITE&C )Jayesh Ranjan and other prominent ecosystem leaders.
At the launch, Hala showcased its inhouse made keyless smart app and the first booking was made by Jayesh Ranjan.
The following launch and demo were done to showcase how inter-campus commuting can be solved by electric bikes and reduce pollution on the campuses.
The service is expected to launch by December for access to Everyone who is within the IIIT-Hyderabad campus can take benefit of this e-bike deployed by Hala free of cost for the next 3 months.
These smart scooters are equipped with smart batteries and Hala will also deploy a few charging stations within the campus.
Hala is a 100% electric ride-sharing platform born and brought up in Hyderabad solving last-mile connectivity problems with a vision of reducing pollution, traffic congestion, and affordable commute.
All the scooters are equipped with Bluetooth connectivity and GPS making it easy to unlock the vehicle via mobile phone.
The homegrown startup was facilitated by TSIC for the recent Dubai Expo 2021 and TiE Sustainability Summit 2021 Speaking on the occasion, Hala Founder CEO , Srikanth Reddy, said we are building an ecosystem of electric mobility. Our proprietary AI/ML-enabled tech stack helped us scale up in our B2B landscape and now we want to leverage it to our customers and create an infrastructure that improves the adaption and penetration of electric vehicles. We are planning to deploy 15000 scooters in the next 12 months and will mark our presence in 6 cities.”
Jayesh Ranjan, while congratulating the startup on their launch, said, it is interesting that Hala decided to extend their services to EV vehicles irrespective of the brand they are associated with, which strengthens the ecosystem further.
UNI KNR GNK
More News

Vedanta net down 27 pc in Q4

25 Apr 2024 | 4:26 PM

Mumbai, Apr 25 (UNI) Indian mining company Vedanta, with its operations in iron ore, aluminium, zinc, oil and gas, on Thursday reported 27 per cent dip in net profit at Rs 2,273 crore for the fourth quarter (January-March) of FY 24 from Rs 3,132 crore in same period a year ago.

see more..

India’s John Distilleries ‘Nirvana’ wins at London Spirits Competition

25 Apr 2024 | 3:25 PM

New Delhi, April 25 (UNI) John Distilleries Ltd’s Paul John single malt whiskey ‘Nirvana’ has been awarded a “Gold” medal in the prestigious London Spirits Competition 2024. JDL’s two other offerings, Roulette London Dry Gin and Paul John XO Brandy, have also won ‘Silver’ medals. JDL is the only Indian company to have been awarded in three different categories: whiskey, gin, and brandy.

see more..
Dr Reddy’s Lab and Nestlé India enter into definitive agreement to form JV company

Dr Reddy’s Lab and Nestlé India enter into definitive agreement to form JV company

25 Apr 2024 | 2:40 PM

Hyderabad, April 25 (UNI) Dr. Reddy’s Laboratories and Nestlé India have entered into a definitive agreement to form a joint venture company to bring innovative nutraceutical brands to consumers in India and other agreed territories.

see more..
SBI General Insurance records 17 pc growth in topline and a profit growth of 30 pc in FY 23-24

SBI General Insurance records 17 pc growth in topline and a profit growth of 30 pc in FY 23-24

25 Apr 2024 | 2:18 PM

Kolkata, Apr 25 (UNI) SBI General Insurance announced its financial results for FY 23-24, recording 17 per cent growth in topline faster than market growth and a profit growth of 30 per cent in FY 23-24.

see more..
Tata Motors accelerates innovation: record 222 patents filed and 333 grants secured in FY24

Tata Motors accelerates innovation: record 222 patents filed and 333 grants secured in FY24

25 Apr 2024 | 1:10 PM

Hyderabad, Apr 25 (UNI) Part of the USD 150 billion Tata group, Tata Motors Limited, India’s leading automobile company, has yet again achieved a significant milestone towards intellectual property rights (IPR) creation with a record-breaking number of 222 Patents and 117 designs applications filed during the year FY24, highest in its history.

see more..
image