Ola Electric, a prominent player in the electric two-wheeler market, faced a setback as it dropped out of the top five in market share for February. According to Tech-Economic Times, TVS Motor Company leads the market with a 29.4% share, followed by Bajaj Auto at 23.5%. Ather Energy and Hero MotoCorp also made significant sales in February.
In a separate development, Amazon Web Services (AWS) operations in the Middle East experienced disruptions due to the Iran-Israel conflict. This led to precautionary measures by companies like TCS and Infosys, which restricted travel to the region to ensure operational stability. Nasscom, the industry association, also emphasized the importance of safety protocols amidst regional tensions.
On a positive note, EV startup Bounce secured $5 million in funding from investors like Accel, B Capital, and Qualcomm. This capital injection aims to support fleet expansion efforts, crucial for the startup’s growth trajectory.
As the tech industry navigates geopolitical challenges and market dynamics, companies must adapt swiftly to maintain operational resilience and growth.
Source: Tech-Economic Times