Taiwanese electric two-wheeler maker Gogoro has deferred its highly ambitious plans for India, as New Delhi has not yet launched an anticipated scheme for battery swapping, a company executive said. In the meantime, the company has started a bike-taxi pilot with aggregator Rapido to test its vehicles before their commercial release. Gogoro is “forced to […]
India’s Rapido becomes unicorn with fresh $120 million funding
Bike-taxi startup Rapido has become the latest Indian startup to become a unicorn, or reach $ 1 billion in valuation. The eight-year-old firm has raised $ 120 million in a new funding round led by WestBridge Capital, according to a regulatory filing. The new capital, a Series E infusion, underscores Rapido’s growing prominence in India’s […]