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The electric two-wheeler maker’s latest layoffs come soon after it let 500 employees go late last year.

The Bengaluru-based startup has expanded into EV retrofitting and lending after trying to make it as a pure-play charging company. Can it find any takers this time around?
The country’s woefully inadequate efforts to reduce its reliance on lithium imports could spoil its EV party.
Despite reducing total losses, the electric scooter maker is losing double the money for every rupee it earns. Collapsing sales, shrinking market share and mounting cash pressure expose its vulnerabilities.