Uber Might Bounce Back Into Micro-Mobility Solutions

  • After streamlining its India operations by transferring assets from Netherlands-based entities of its parent company to India, Uber is now going beyond its cab-hailing business by adding support for more public transport and mobility options.
  • As part of its plans for expansion into public transport and bike sharing in many cities, Uber has reportedly initiated talks with Bengaluru-based bike rental startup, Bounce, to list its two-wheelers on Uber’s app.
  • Uber, in May, had announced a pilot with electric scooter sharing platform Yulu.
  • This is not the first-time for Uber when it has hosted more than two similar options in its app.

Read full article: inc42.com

Chaayos tests facial recognition at its outlets raising privacy concerns

  • Facial recognition is becoming a popular method of biometric authentication but it comes with privacy concerns.
  • Around the world, facial recognition is being used for surveillance as well.
  • It seems that tech startups want to use facial recognition to authenticate their customers.
  • Chaayos, a popular food-tech startup, is reportedly asking customers to check-in using facial recognition.

Read full article: bgr.in

How Bengaluru plans to remain a national and global technology leader

  • Bengaluru, India’s technology capital, is taking steps to retain its national lead and global significance by propelling forward its technological infrastructure and skills on which its distinction rides.
  • The cooperation between government and private initiative laid the foundations for India becoming a global leader in delivering software services.
  • The city has a huge store of two million techies working in IT, ITeS and startups and has to take the lead in creating a global community of networked cities which drive innovation, according to Mohandas Pai, former Infosys CFO and currently chairman of Aarin Capital and Manipal Global Education Services.
  • With 250,000 bio-scientists, Bengaluru is looking at becoming a global research partner for development of drugs and diagnostics, observes Kiran Mazumdar Shaw, chairman of the Indian biotechnology leader Biocon.
  • More specifically it is becoming an incubator for developing IT-led diagnostics focused on emerging technologies and a research partner for global players in this space.

Read full article: moneycontrol.com

Tesla unveils electric pickup Cybertruck, futuristic design ignites controversy – Times of India

  • Tesla unveils electric pickup Cybertruck, futuristic design ignites controversy
  • Tesla Inc on Thursday unveiled its first electric pickup truck that looked like a futuristic angular armored vehicle in gunmetal gray, as the California company took aim at the heart of Detroit automakers’ profits.
  • To solve sustainable energy, we have to have a pickup truck,” he said.
  • The truck marks the first foray by Tesla, whose Model 3 sedan is the world’s top-selling battery electric car, into pickup trucks, a market dominated by Ford Motor Co’s F-150, along with models by General Motors Co, and Fiat Chrysler Automobiles NV.

Read full article: timesofindia.indiatimes.com

Log9 Materials Looks To Overhaul ‘Ancient’ EV Charging Tech

  • This is where nanotechnology startup Log9 Materials’ seek to make a difference with their aluminium fuel cells which are said to offer a range of 1000Kms in EVs and does not require frequent charging as in the case of lithium-ion batteries.
  • Responding to company’s choice of aluminium as the cathode for its fuel cells, Singhal said that aluminium has one of the highest energy densities and can can store most amount of charge per unit of weight.
  • Log9 fuel cells are different from Phinergy’s in that the Israel-based company uses activated carbon in its cathode while, Log9 uses graphene.
  • In this case too, Singhal claims to offer a much lower cost of ownership as compared to traditional fuel generators.

Read full article: inc42.com

Deals Buzz: Mahindra in final lap to sell solar portfolio

  • Mahindra Susten, the renewable business arm of Mahindra group, has got binding offers from CLP India and the Piramal Group for its 160 megawatts (MW) solar assets, Mint reported citing two people aware of the development.
  • Both parties have completed due diligence of the assets and submitted binding offers for Susten’s solar portfolio.
  • Mahindra Susten, which builds and sells solar power projects, offers diversified services within the renewable energy and cleantech space and has commissioned over 967MW till date, with over 668MW of projects under execution.
  • The share sale, which is a combination of a fresh issue and offer for sale (OFS), will see Puranik raise ₹ 810 crore in fresh capital, of which ₹ 700 crore will be used to prepay or repay outstanding debt, and the rest for general corporate purposes.
  • The Economic Times reported citing people aware of the development.

Read full article: livemint.com

With the Visa Everywhere Initiative (VEI), Indian fintech companies can win up to Rs 35,00,000 and shape the future of commerce

  • VEI is a global innovation programme that tasks startups to solve the payment challenges of tomorrow, further enhance their own product propositions and provide visionary solutions for Visa’s vast network of partners.
  • The programme now aims to foster a culture of innovation with the Indian fintech community by inviting fintech startups to provide innovative solutions for real-world challenges in the fintech industry.” Fintechs are putting new payment experiences into the hands of consumers and businesses every day.
  • Showcase your mettleIndian fintech startups are invited to solve challenges in the following areas:Challenge 1: Digital issuance for driving access to payments and creditLeverage public data infrastructure (e.g. c-KYC, digital locker, etc.) or emerging technologies (e.g. AI, IoT, Blockchain, etc.) for ease of customer onboarding to drive financial inclusion through payments and lending.
  • Driving small merchant acceptance growthFocus on ease of onboarding small merchants, enhanced payments’ experience at points of sale, or by providing value-added solutions to drive growth.
  • Moreover, Visa and its clients get access to the best startups in the country and a robust pipeline of solutions to business challenges that they have to offer.

Read full article: yourstory.com

[Startup Bharat] How Jalandhar-based Aarpun Farms is helping farmers get higher vegetable yields with aquaponics

  • These developments have made traditional farming unsustainable for rural farmers.
  • Jalandhar-based startup Aarpun Farms began with aquaponics system and is looking to ensure safe produce, enhance nutritional enrichment, and improve farmers’ income.
  • Farmers benefit through aquaponics with the fish and vegetable produce wherein the sale of fish is profitable for the farmer and fetches high value in local markets.
  • Aquaponics systems can thus double the income of farmers through low-cost installations and high yield produce.
  • Today, there is increased awareness and demand among both urban and rural households for safe, chemical-free, and nutrient-rich produce.

Read full article: yourstory.com

Why investors are cautious about backing startups (and other top stories of the day)

  • Call it the ‘WeWork effect’ or not, but there is a sense of apprehension about a likely course correction with regard to investments coming into the Indian startup ecosystem.
  • WeWork’s IPO, inflated valuation, and a subsequent fall in valuation proved to be a rude awakening for many.
  • The Indian startup ecosystem in nine months of 2019 saw a marginal fall of four percent compared to the same period in 2018.
  • Alok Goyal of Stellaris Venture Partners believes there is no difference between an investor and an entrepreneur.

Read full article: yourstory.com

How Zostel pivoted from a hostel for backpackers to the OTA segment

  • Dharamveer Singh Chouhan, Co-founder and CEO, Zostel” Our niche is curated properties, which fall under similar experience as of Zostel,”  Dharamveer tells YourStory.
  • He also reveals that Zostel is pivoting to an OTA model with ‘Trusted by Zostel’ feature, wherein it will list backpacker hostel-like properties and experiences owned by others on the platform.
  • With properties in 50 cities across India at present, he reveals the startup is tapping international partners in the South East Asia (SEA) region, and will soon have partners in at least 10 cities outside India in countries like Thailand, Vietnam, Bali, and others.
  • Its new feature ‘Trusted by Zostel’, which was launched earlier this month, will now list three different properties on the platform – its own properties, Zostel-branded properties (under entrepreneurship programme), and now non-Zostel properties verified by Zostel.
  • The startup, which is now tapping international partners, is looking to add 40-50 new properties under various sub-brands.

Read full article: yourstory.com