AutoVRse, a Bengaluru-based enterprise VR platform, has secured USD 2.4 million in a funding round co-led by Singularity AMC’s Large Value Fund III and Early Opportunities Fund, with continued participation from Lumikai. The investment arrives as automotive manufacturers face pressure from the EV transition, complex assembly, supply chain disruptions, labour shortage, and production line defects. Many of the world’s largest auto makers have already turned to AutoVRse’s technology.

The company provides VR simulation and smart-glasses-enabled field guidance for manufacturing, heavy industry and energy. It serves over 500,000 users across 50 enterprise clients in North America, Europe the GCC, and India, including Bosch, TVS Motors, Ashok Leyland, Tata Autocomp, Panasonic, KPIT and Godrej.

Three forces are driving Indian automotive interest in AI-driven training. The EV shift has made legacy internal combustion engine training obsolete, forcing manufacturers to rebuild training libraries. A shortage of skilled labour has made faster onboarding a necessity. AI-powered smart glasses now enable real-time guidance for line workers. Use cases include assembly training for new vehicle launches, EV battery safety, quality inspection and technician training for ADAS-equipped vehicles.

With the new capital, AutoVRse plans to expand its smart-glasses-based guidance product, which it believes will become standard on assembly lines within two years. It also aims to scale its North American presence, where deployments are running at several Fortune 500 firms, while strengthening its dominance in India and the GCC.

Ashwin Jaishanker, Co-Founder and CEO, AutoVRse, said, “AutoVRse moves safety and training culture from documentation to evidence. Our training products meet workers where they are – e-learning modules, dynamic SOPs, VR simulations – so they're certified before they ever go on-site. Our AI products replace tedious safety busywork like form-filling and performative inspections with real intelligence: helping workers make better decisions in dangerous situations or catch unsafe conditions before they arise. We're grateful to Singularity AMC for backing this vision, and to Lumikai, who've believed in this bet for years.”

Vikram Jaish, Head – HSE, WCL Pipes Anjar, Welspun Corp, said, “Pipe coating operations involve multiple high-risk touchpoints where early hazard recognition is critical. With AutoVRse’s VR training, our teams can experience and identify these hazards in a realistic, controlled environment before stepping onto the shop floor. This has significantly improved awareness, preparedness and safe decision-making compared to traditional training methods.”

Yash Kela, Founder & Chief Investment Officer, Singularity AMC, said, “Most people think of AI in the context of consumer apps. AutoVRse is creating real impact with AI on the assembly line, and that is what our investment thesis is built on. The company operates at the intersection of AI and India's manufacturing revolution. We believe this is how the world will train and operate its industrial workforce over the next 10 years. AutoVRse sits at the edge of a massive, largely untapped market, and we believe the growth from here will be extraordinary.”

Aditya Deshpande, Principal, Lumikai, said, “We're thrilled to deepen our partnership with AutoVRse as they build out cutting-edge AI and VR infrastructure for Fortune 500 enterprises. With VRseBuilder, AutoVRse has demonstrated how immersion, participation and personalisation are finding consequential real-world applications across industrial training in warehouses, labs, plants and field operations of high-precision industries such as pharma, life sciences, manufacturing and petrochemicals, globally. We're excited to back Ashwin, Adarsh and the team as they make immersive AI the operating layer for global industry.”

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LICO Materials and Ather Energy have announced a partnership to establish a system for the collection and recycling of lithium-ion batteries.

Under this agreement, end-of-life batteries from Ather’s electric two-wheelers will be processed at LICO Materials' facility in Karnataka. The recovered materials will then be reintroduced into the battery supply chain for use by cell manufacturers and vehicle producers.

The initiative aims to address the recovery of materials including lithium, nickel, cobalt, graphite and copper. LICO Materials states that its facility can achieve recovery rates of up to 95 percent.

Gaurav Dolwani, CEO, LICO Materials, said, "India is building one of the world's largest EV fleets and it is doing without domestic reserves of the minerals that power it. That is a structural vulnerability, and battery circularity is the only answer. This partnership means those batteries can be recycled and recovered minerals can be fed into the battery supply chain. We believe this is how India can reduce its dependence on imported critical materials.”

This collaboration aligns with the Battery Waste Management Rules 2022, which require extended producer responsibility within the electric vehicle industry. By recycling battery materials, the companies intend to reduce reliance on imported minerals and support India’s commitment to reach net zero emissions by 2070.

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Bengaluru-based deeptech start-up Vimag Labs has been granted a patent in India for its Virtual Magnet Synchronous Motor (VMSM) platform titled ‘A Robust Rotating Transformer Excited Synchronous Motor and Its Control’, which protects the architecture of the motor that does not require magnets.

The VMSM platform uses power electronics and algorithms to control its magnetic field. Vimag Labs claims that the motor functions without the rare-earth magnets typically found in permanent magnet motors. This is the 5^th patent granted to the company, which also has ten patents pending and 15 trademarks filed.

The company is conducting pilot programmes with manufacturers of two-wheelers and passenger cars. Future expansion plans include light commercial vehicles, commercial vehicles and industrial systems.

Manish Seth, Co-Founder and CEO, Vimag Labs, said, “This patent is the outcome of over 87,600 engineering hours. It strengthens every dimension of our commercial roadmap- OEM partnerships, licensing, manufacturing scale-up, and future growth. Our long-term vision is to build scalable, software-driven, magnet-free motor systems for global electrification. This innovation strengthens India’s deep-tech base across electric mobility, power electronics, robotics, defence, and clean-energy systems.”

Vimag Labs recently raised USD 5 million in a Series A funding round led by Accel, with participation from Chakra Growth Fund and Thinkuvate. The company has also signed a manufacturing memorandum of understanding with Jendamark.

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Tier 1 automotive supplier Autoliv and Chinese automotive major XPENG have signed a strategic cooperation framework agreement to develop mobility solutions for global markets. The partnership aims to facilitate collaboration across technology development, digitalisation, supply chain coordination and sustainability.

As per the agreement, Autoliv will use its global presence and expertise in automotive safety systems to support XPENG’s product development and international expansion. The collaboration is designed to combine Autoliv’s safety standards with XPENG’s work in electric vehicles, AI, autonomous driving and robotics.

Mikael Bratt, President and CEO, Autoliv, said, "XPENG is striving to explore the future of mobility, and Autoliv is proud to support that journey. As vehicles become smarter, safety must be integrated from the very beginning. This agreement reflects our shared commitment to innovation and safety, combining XPENG's innovation in smart mobility with Autoliv's global safety expertise to help make the next generation of mobility safer."

The companies intend for the agreement to improve innovation efficiency in response to changes in the automotive industry, including electrification, connectivity and globalisation.

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Krafton India, the studio behind the popular mobile game – Battlegrounds Mobile India (BGMI), has announced that Italian supercar brand Ferrari will be added to BGMI as part of the 4.5 update, starting from 16 July 2026.

The collaboration brings four models to the game: the Roma, Purosangue, LaFerrari and SF90 XX Spider. These vehicles will be available for over 260 million players to collect through in-app purchases. The update will also introduce a Ferrari-themed photo zone where players can interact with the vehicles and installations. This space will include animations for players to use with teammates.

Players will be able to drive the vehicles from 16 July to 7 September 2026. Further information will be provided on BGMI’s social media channels regarding event dates and trailers. The partnership between Krafton and Scuderia Ferrari HP was established in December 2025.

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