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AMD to invest $400 million in India by 2028: Here’s what we know

US chipmaker Advanced Micro Devices said on Friday it will invest around $400 million in India over the next five years and will build its largest design center in the tech hub of Bengaluru. AMD’s announcement was made by its Chief Technology Officer Mark Papermaster at an annual semiconductor conference that started Friday in Prime Minister Narendra Modi’s home state of Gujarat. Other speakers at the flagship event include Foxconn Chairman Young Liu and Micron CEO Sanjay Mehrotra. Despite being a late entrant, the Modi government has been courting investments into India’s nascent chip sector to establish its credentials as a chipmaking hub. AMD said it will open its new design centre campus in Bengaluru by end of this year and create 3,000 new engineering roles within five years. “Our India teams will continue to play a pivotal role in delivering the high-performance and adaptive solutions that support AMD customers worldwide,” Papermaster said. The new 500,000-square-foot (55,5...

Ola India set to launch first electric scooter in 2021

Ola is set to launch its first electric scooter in India next year. This was confirmed by the company itself this week after it bought a company making such scooters. Ola has acquired Amsterdam-based startup called Etergo. And using this company’s expertise, it will enter the electric two wheeler segment in India and globally.

“Ola Electric is currently running several pilots to deploy electric vehicles and charging solutions across cities with a focus on 2 and 3 wheelers,” company said in its statement. Etergo was founded in 2014 and since then it has developed AppScooter, which has won many awards. Ola says, “the AppScooter uses swappable high energy density batteries to deliver a range up to 240km and class-leading acceleration.”

And it’s likely that Ola’s upcoming product will use some of AppScooter’s features as well. Ola’ entry into the segment comes at a time when traditional companies like Hero Electric and Bajaj Auto are also playing their part. In addition to this, you have the likes of Ather Energy and Okinawa among others. But unlike these companies, one can expect Ola to offer its two-wheeler options in the self-riding category on its app.

The company says it has already started working on charging stations and battery swap centres in Delhi.

Ola prefers electric two-wheelers over cars

You might be wondering why Ola is interested in launching electric two-wheelers, when it already has cars in its fleet. To this the company says, “Every year, almost twice the number of two-wheelers are sold across the world compared to cars.” And it believes that demand for electric two-wheelers as urban mobility platform in the future.

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Ola says it has been adding new fleet of electric cars. And it aims to get one million electric vehicles on its platform by 2021 in the country.



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