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Ola Electric Mobility, India's largest electric two-wheeler maker, made its stock market debut, with CEO Bhavish Aggarwal emphasizing the responsibility of being custodians of public money. The company's shares rallied nearly 20% after listing. Meanwhile, Yulu Bikes, a shared mobility services provider, is aiming to raise over $100 million in a Series C round to expand operations and develop technology. Yulu has already raised over $123 million in equity capital. [Extracted from the article]

Mercedes-Benz is confident of achieving double-digit growth in India this year and has launched two new top-end car models. The company's Managing Director and CEO, Santosh Iyer, stated that they are also seeing growth in their electric vehicle portfolio and will release the electric version of Maybach in September. The new models, Mercedes-AMG GLC 43 4MATIC Coup and CLE 300 Cabriolet AMG Line, have further strengthened the company's top-end product range. [Extracted from the article]

Valeo, a global automotive supplier, has opened a new facility in Pune, India, to enhance its capabilities in the electrification sector. The facility, spanning over 7,000 square meters, aims to foster collaboration, creativity, and technical excellence. In November 2023, Valeo was chosen by Mahindra & Mahindra to provide electric powertrain and on-board charger combo for its electric vehicles. The total order is close to a billion dollars and was already included in Valeo's Q3 results. [Extracted from the article]