India’s only all-electric ride-hailing company has announced a fresh fundraise to expand fleet capacity; separately, news channels resist a government diktat on ‘national interest’.
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The US indictment alleging bribery for solar contracts by the company’s promoters and management has activated many potential issues in loan agreements signed by the renewables major.
Charges of fraud levelled against chairman Gautam Adani and two key board members could spell trouble for India’s largest renewable energy developer, especially when its entire growth strategy is contingent on raising debt.
It’s fitting that the future of electric motorcycles in India might just lie in the hands of one of the world’s oldest motorcycle manufacturers.