Hero MotoCorp, the manufacturer of motorcycles and scooters, has unveiled Vida, a brand-new identity for its emerging mobility solutions, including the upcoming Electric Vehicles (EV).
Introducing Vida, powered by Hero, at the Clarence Island in Dubai on Thursday evening, Dr. Pawan Munjal, Chairman & CEO, Hero MotoCorp, also announced a USD 100 Million Global Sustainability Fund. The fund will aim to establish global partnerships, spearheaded by the BML Munjal University (BMU) and Hero MotoCorp, with the objective of nurturing more than 10,000 entrepreneurs on ESG solutions that have a positive impact on the planet, the company said in a press release.
Munjal highlighted focused action-points for bringing his vision to life at the event.
Unveiling the new brand logo and the ‘sunrise’ visual identity of Vida, Munjal said, “Vida means life, and the brand’s sole purpose is to create a positive impact on the world and move us all forward in meaningful ways. We believe the name is perfect for what we are building for our children and the next generation. This is truly the dawn of something special. In only 17 weeks from today we will unveil our Vida platform, products and services to make the world a better place.”
Munjal added, “When I see our future generations, especially my grandchildren, all I want to do is build a future of optimism, a future of positive energy, a future which is clean, where everyone has something to look forward to and participate in something bigger and better. With the creation of ‘Vida’ we will offer everyone the opportunity to thrive, grow and live better while continuing to move the way they want. I will lead this initiative from the front.”
Vida will be the brand under which Hero MotoCorp’s initiatives for emerging mobility solutions will be introduced, the first of which will be an electric vehicle that will be officially unveiled on 1 July, 2022, to coincide with the birth anniversary of Dr. Brijmohan Lall, Chairman Emeritus of Hero MotoCorp.
The production of the new Vida model will be done at Hero MotoCorp’s manufacturing facility in Chittoor, India. Dispatches to customers will begin later in 2022, the release added.
The event was attended by global thought leaders, senior government representatives and the diplomatic corps in the UAE, policy makers and various stake holders of Hero MotoCorp, including the board of directors, senior employees from around the world, dealers, global distributors, supply chain partners and other associates. (MT)
Ather Energy Launches Rizta E-Scooter In Nepal
- By MT Bureau
- August 07, 2025
Bengaluru-based electric two-wheeler maker Ather Energy has expanded its product line-up in Nepal with the introduction with the Ather Rizta e-scooter.
It was in November 2023 that Ather marked its entry in Nepal with the Ather 450 series and most recently introduced the 2025 Ather 450 in the region. Since then, it has established 9 Experience Centres and 6 Service Centres in the region along with 22 Ather Grid fast chargers.
Ravneet Singh Phokela, Chief Business Officer, Ather Energy, said, "Nepal was our first international market, and over the last two years, we have seen strong consumer interest and a very encouraging response to the Ather 450 series. To meet the growing demand, we have also steadily expanded our footprint across the country. With the launch of the Rizta, we are tapping into a new segment of family buyers who prioritise comfort and convenience in their everyday rides. We are hoping to see the same strong response for the Rizta as we’ve seen for the 450 series."
Polestar 4 Wins Red Dot Best Of The Best Award
- By MT Bureau
- August 06, 2025
Swedish electric performance car brand Polestar has earned further acclaim for its innovative design philosophy. The Polestar 4 has secured the coveted Red Dot ‘Best of the Best’ award for 2025 in the Product Design category, celebrating its meticulous craftsmanship and bold design language. Both the Polestar 3 and Polestar 4 also received the Red Dot Label in the same category.
As one of the world's most prestigious design competitions, Red Dot acknowledged the Polestar 4's standout feature – its unconventional rear-windowless design – while praising its seamless fusion of coupe-like dynamism and SUV functionality. Additional design highlights include sleek frameless mirrors, distinctive dual-blade headlights and celestial-inspired ambient lighting, all contributing to its award-winning aesthetic. The ‘Best of the Best’ honour represents the highest Red Dot recognition, awarded only to groundbreaking designs that redefine industry benchmarks. An international jury of design experts rigorously assesses each entry through hands-on evaluation across multiple criteria.
This latest achievement builds on Polestar's strong Red Dot legacy, which includes prior "Best of the Best" wins for the Polestar 2, Brand of the Year distinction, and recognition for brand identity and design literature. These accolades reinforce Polestar's position as a leader in automotive design innovation.
“The Polestar 4 impressively succeeds in harmonising the technical complexity of such an advanced vehicle with design qualities such as simplicity and clarity,” remarked the jury.
Philipp Römers, Global Head of Design, Polestar, said, “This recognition is a testament to the dedication and passion of the Design Team here at Polestar. We are thrilled to see the work and commitment to distinctive design resonate with the jury.”
Exicom Raises INR 2.59 Billion Via Rights Issue
- By MT Bureau
- August 05, 2025
Exicom Tele-Systems Limited, a leading Indian manufacturer of EV charging and critical power solutions, has successfully raised around INR 2.59 billion through its recently concluded Rights Issue. The offering, which saw strong oversubscription, highlights sustained investor confidence and robust promoter support.
The Rights Issue, open from 15 to 30 July 2025, allotted 1,814,000 fully paid-up equity shares at INR 143 per share in a 3:20 ratio for eligible shareholders as of the record date 7 July 2025. Promoters demonstrated their commitment by subscribing to approximately INR 1.20 billion, reinforcing their belief in Exicom’s future growth.
Proceeds will primarily strengthen the company’s financial position by reducing debt, with a target debt-to-equity ratio of 1:4 by FY26. The funds will also support global expansion efforts, including enhancing market presence in the US, Europe and Australia through Tritium, alongside covering general corporate expenses. This successful capital raise positions Exicom to accelerate its EV charging and energy solutions business while driving long-term value for stakeholders.
Anant Nahata, Managing Director and CEO, Exicom, said, “We are grateful to our shareholders for their continued trust in Exicom. The capital raised will strengthen our balance sheet and support our expansion, particularly in international markets through Tritium. While Tritium’s turnaround is taking time, we are in advanced discussions for several large global high-power charger deals that we believe can help change the course of the company. We will see this fully play out starting FY27. Back home, we remain strongly optimistic about the India opportunity, driven by the steady growth in EV adoption across the country. Our Harmony Direct 2.0 continues to gain traction, with early momentum translating into a strong sales pipeline. Meanwhile, Spin Air home chargers are securing consistent wins with leading OEMs, reinforcing trust in our technology and execution."
Shiraz Khanna, Chief Financial Officer, Exicom, said, "This Rights Issue marks an important step in enhancing our financial health. The capital raised will enable us to significantly reduce debt and support sustainable growth while maintaining prudent capital discipline."
Ultraviolette Launches 5 New Experience Centres
- By MT Bureau
- July 31, 2025
Bengaluru-based electric motorcycle maker Ultraviolette Automotive has expanded its presence across India with the launch of new experience centres in five cities – Madurai, Kolkata, Berhampore, Jaipur and Yelahanka (Bengaluru) – within a span of 72 hours. The company has also opened its second experience centre in Bengaluru, taking its total presence to 17 cities nationwide.
The rapid rollout is aimed at meeting growing demand for its F77 series, including the F77 SuperStreet and F77 MACH 2 models. These new ‘UV Space Stations’ will offer customers test rides, vehicle delivery, aftersales support and access to genuine spare parts.
Narayan Subramaniam, CEO and Co-Founder, Ultraviolette Automotive, said, Ultraviolette’s active expansion is not just about scaling but also about strategy and impact. With the opening of five new experience centres in a short span of 72 hours and launch of a second experience centre in Bengaluru today, we are delivering on our commitment to architect a scalable customer ecosystem with robust sales and aftersales facilities. Our launch in ten countries across Europe in June 2025 and the second phase of India expansion underscores the agility of our operational model, and our vision of serving our customers across hundred cities by FY 2026. Designing and building in India isn’t just a philosophy, it’s about laying the foundation for long-term value creation, and prioritizing service excellence ahead of new product rollouts. We are ushering in the next wave of design-led and advanced tech mobility.”
The company’s experience centres provide tailored sales and service support, creating an end-to-end customer experience. The expansion marks Ultraviolette’s entry into Rajasthan and West Bengal.
Ultraviolette also continues to upgrade its technology offerings. Its latest ‘GEN3 Powertrain Firmware’ and ‘Ballistic+’ performance mode are now available at no extra cost for all F77 owners, new and existing. These updates improve throttle response, acceleration, and initial torque. Earlier updates in 2024 included features such as Traction Control, Dynamic Stability Control, Hill-Hold Assist, and regenerative braking.
The company aims to further scale its reach to 100 cities across India by FY 2026.
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