Ather Energy is also finalising plans to raise USD 75-90 million (about INR 750 crore) in primary funding from existing investors, according to the people. This underscores increasing investor interest in the company and the mobility segment, they said. New investors are also being approached.
While the official launch is expected next week, some of the riders Moneycontrol spoke to say they were able to book cabs on Namma Yatri for rides within Bengaluru
Namma Yatri expands to cab services in Bengaluru with a daily subscription model. The firm previously focused on autorickshaws and introduced a separate cab booking section in the app.
Ride-hailing major Ola Cabs is set to withdraw from its three overseas markets. It plans to focus not on globalization, but electrification, and there’s good reason for it.