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| Name | Swaayatt Robots makes driverless cars a reality in India - Indian Startup News 213 |
| Video Uploader | Video From Backstage with Millionaires |
| Upload Date | This Video Uploaded At 15-06-2024 04:43:51 |
| Video Discription | This video is sponsored by Odoo. Check out Odoo here: https://www.odoo.com/r/uGw Notion Dashboard: https://meadow-pillow-7fa.notion.site/BwM-Startup-Funding-Database-303101b874824f4c91fae9fc8ce6d450 This week funding:https://meadow-pillow-7fa.notion.site/W9-Q1-FY25-e7e12e19afd1442aa20dd2bd1c1a5914 Funding chart: https://docs.google.com/spreadsheets/d/10-sWaL38VYz--CqQNMQEwsG9xRBAx3nwOLRKzRD4BkY/edit#gid=0 ------------------------------------------------------------------------------------------------------------------------------------------------ 00:00 Swaayatt Robots makes driverless cars a reality in India 01:56 Sponsor 03:29 Ola Electric gets SEBI approval for IPO 04:06 Ather Energy revenue declines in FY24 05:11 Is Stoa School dead? 06:11 CRED getting into secured loans 07:09 Kissflow lays off 11% workforce 07:42 Funding News ------------------------------------------------------------------------------------------------------------------------------------------------ Swaayatt Robots: Bringing Driverless Cars to Indian Roads and Raising $4 Million Would you ever imagine a driverless car navigating through the chaotic traffic of Indian roads? I certainly didn’t—until I discovered Swaayatt Robots. This innovative startup has turned a regular Mahindra Bolero into an autonomous vehicle capable of handling real Indian traffic, achieving level 5 autonomy, which even giants like Tesla haven't reached yet. Sanjeev Sharma, the founder of Swaayatt Robots, has revolutionized autonomous driving in India at a fraction of the cost. With only $650,000 spent from their initial $3 million funding in 2021, they've now secured an additional $4 million to scale their level 4 autonomous driving technology. But Swaayatt Robots isn’t competing with car manufacturers; instead, they're aiming to be a technology supplier, targeting markets like military applications and the $800 billion autonomous trucking industry in the US. What’s truly inspiring is that this groundbreaking innovation comes from Bhopal, a city not typically known for its tech scene. I first stumbled upon them while researching for our “Top 10 Madhya Pradesh Startups” video—check it out to discover more innovative companies from the state! Ola Electric's IPO Approval According to recent reports, Ola Electric has received SEBI approval for their IPO, aiming to raise ₹7,250 crore. With over 50% market share, Ola Electric leads the electric scooter segment in India. Ather Energy’s Revenue Decline Ather Energy, once a pioneer in electric scooters, has seen a slight revenue decline in FY24, despite strong customer loyalty. Find out what went wrong and their journey in our recent video. Is Stoa School Shutting Down? The Ken claims Stoa School, known as “India’s best alternative to an MBA,” might be shutting down. However, co-founder Raj Kunkolienkar says they’ve paused admissions to re-evaluate their next steps. More details expected by August. CRED Exploring Secured Loans CRED is reportedly exploring the secured lending market, following the RBI's stricter regulations on unsecured loans. With existing success in unsecured lending through CRED Cash, they’re now considering home and auto lending products. Kissflow Layoffs Kissflow, a SaaS startup, laid off 11% of its workforce (45 employees) as part of restructuring. The company previously made headlines for gifting BMW cars to senior employees for loyalty. Funding News This week, Indian startups raised a total of $187 million. Highlights include: BatterySmart: $65M (Series B) Indkal Technologies: $36M (Series A) Foxtale: $18M (Series B) Ethereal Machines: $13M (Series A) Ola Electric: $13M (debt) Skye Air: $4M (Series A) ------------------------------------------------------------------------------------------------------------------------------------------------ Connect with us: Twitter: https://twitter.com/bwmillionaires/ Instagram: https://www.instagram.com/backstagewithmillionaires/ Podcast: https://open.spotify.com/show/5rGPalovc6AKsfbOyjh32p |
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