Thursday, November 3, 2022

Zee Digital Rebrands Itself As IndiaDotcom Digital; Focuses On Building A Tech-Centric Organization


·       Zee Media Corporation Ltd hired 300+ fresh talent to its workforce last quarter

·       The digital arm of the Zee Media Corporation Ltd., registers more than a billion page views per month

Zee Digital, one of India’s largest digital entities, has rebranded itself to IndiaDotcom Digital Pvt Ltd (IDPL) with a new logo, to redefine a host of Infinite Possibilities. It unveiled the new brand identity and fresh look through a short video on social media, thus symbolizing a well-thought manifestation of its relentless drive for innovation, excellence, empowerment, and growth.

The media Industry has been evolving with new-age innovative technology. To match the increasing demand of its viewers/readers, IDPL looks forward to converting into a technology-centric organization by investing in high-end technology, encouraging product talent & vibrancy, and boosting the entrepreneurial spirit. IDPL has implemented technologies such as Artificial Intelligence and Machine Learning.

Speaking about the brand rebranding, Devadas Krishnan, CEO – IDPL says, “The new avatar of IDPL is a step forward towards encouraging innovation and adopting a tech-driven approach as per the market demand of the present day and age. As a brand, we are fast-paced, and encourage our employees to upskill and enhance their knowledge through an in-depth understanding of how content is consumed by our viewers/ readers. We look forward to attracting the best tech, product, and marketing talent in the industry. “ 

Furthermore, keeping in line with Zee group’s employee-friendly culture, IndiaDotcom Digital offers its employees the option to work onsite, remote, and hybrid. IDPL has also successfully initiated employee-friendly practices such as an in-house gym and library, crèch for working parents, and a ‘Well done’ initiative - where team members’ efforts are appreciated and rewarded by the company on the spot. This enables a better work-life balance and well-being of its workforce and encourages a collaborative culture of healthy employee relations.

IDPL has been aggressive in its hiring and recently added 300+fresh talent. As per the latest FICCI-EY report, the Indian media and entertainment (M&E) industry clocked Rs 1.61 lakh crore in 2021 and is estimated to grow at a CAGR of 11% to Rs 2.32 lakh crore by 2024. 

Logo launch https://www.linkedin.com/posts/indiadotcomdigital_idpl-infinitepossibilities-indiadotcomdigital-activity-6978322202064506880-ZFQp/?utm_source=share&utm_medium=member_desktop

About IndiaDotcom Digital Pvt Ltd: IndiaDotcom Digital Private Limited is one of India’s leading media technology companies with strong presence in the news, information and entertainment genres. It is India's second largest Digital Entity touching more than 300 million monthly users and owns 30 plus digital properties including India.com, Zee news, Zee Business, Zee Hindustan, WION news, Bollywoodlife.com and more.

NASSCOM Reports- Future Of Workforce: Decoding GIG Workforce 2.0


The dynamic business landscape and evolving operating models have ushered in an opportunity for the gig economy to become a key talent management strategy for enterprises. To highlight the rapidly evolving gig workforce landscape in the technology sector, The National Association of Software and Services Companies (NASSCOM) and Indeed in partnership with AON have today released their study, titled “Future of Workforce: Decoding Gig Workforce 2.0”. The report aims to understand the prevalence of the gig workforce landscape in the Indian technology sector, its current and future trends as well as its role in addressing the tech talent demand and supply gap for the tech industry.

The gig economy over the last two years has evolved significantly. Focus on specialized skills requirement, employee demand elasticity and cost optimization are enabling organizations to embed gig for technology roles which traditionally were restricted to HR and support functions. Notably, Software Development, UI/UX Design, and Data Analytics have emerged as the top three in-demand giggable skills within the technology sector.

State of Gig Workforce in India

Talent continues to remain a key advantage for the Indian tech Industry. Globally, India has the 2nd largest annual supply of STEM graduates, 4x-4.5x higher than the USA, and is also a leader in terms of women diversity among STEM Graduates at 47.1%. Though the accelerated demand for digital transformation has intensified the talent crunch globally, the gig workforce has emerged as an important talent management strategy for organizations and can play a key role in closing the tech talent demand-supply gap. Notably, India has the lowest tech talent gap among top tech locations such as USA, China, UK. Strategies such as increased hiring of sub-contractors and external gig workforce especially for niche digital technologies and offering internal Gig platforms for better utilization of existing employees, amongst others, continue to support organizations in closing the gap faster.

As per the NASSCOM, Indeed and AON survey of over 70 organizations, nearly 2/3rd (65% of the surveyed organizations) of them are employing gig workers as of 2022, a higher share compared to 57% of the organizations in the year 2020. While the share of organizations employing Gig Workers has increased, their proportion remains less than 5% of the total workforce (For companies with more than 2000 FTEs). However, for smaller organizations with less than 2000 full-time employees (FTEs), gig worker proportion is more than 5%. Notably, none of the organizations have mentioned a decline in gig hiring. In about 15% of the surveyed organizations, the proportion of gig workers in the past two years has increased by more than 30%, proving the efficacy of the model.

Further, before the pandemic, gig workers were mostly hired for projects with a duration of up to 9 months, however, the duration of projects being offered to gig workers has increased significantly, post-pandemic. 25% of the surveyed organizations are open to hiring gig workers for projects with a duration of more than 12 months, thus indicating the growing demand for talent and their effective use to meet short-term talent needs.

In terms of compensation, a proven capability in the areas of expertise, qualifications and relevant years of experience are some of the top factors being considered by organizations while determining compensation for gig workers. Over 40% of the surveyed organizations decide on a Fixed Fee at the initiation of a Gig Contract. As many as 53% of the surveyed organizations have policies to absorb Gig Workers as full-time employees. Moreover, over 90% of the surveyed organizations remain open to re-hiring gig workers in the same or adjacent areas of work based on past performance evaluation.

Gig Workforce Creating Business & Social Impact

While the pandemic-induced remote work aided in recognizing the efficiency and specialized skills of gig workers, this shift also enabled increased efficiency in the completion of tasks, reduced time for hiring for new roles, and engaging with a more diverse workforce which includes retired professionals as well as women returning to the workforce.

Debjani Ghosh, President, NASSCOM said, “The future workforce will indeed be a blended model wherein the Gig economy is expected to play an important role not only as a talent management strategy but also accelerate job creation and boost the country’s economic growth. As we navigate the new world order, multiple models will co-exist with trust and transparency at the core of it.”

The Future of Gig in the Indian Tech Industry looks promising

However, ensuring the quality of Gig Workers, hurdles in security checks & verification, lack of structured policies, and clarity on regulations or guidelines for Gig Workers are some of the key concern areas amongst organizations.

Sashi Kumar, Head of Sales, Indeed India said, “We are excited to partner with Nasscom and are grateful for joining our mission of helping people get jobs. I am confident our joint report will impact and empower the labour market.

Companies investing in gig work platforms and processes speak volumes about how critical talent is for enabling their next level of growth, especially now, given the global uncertainties. The report also indicates this positive growth, with 46% of organizations surveyed planning to increase the proportion of gig workers from current levels. Businesses that place gig workers at the core of their business strategies will continue to thrive in 2023 and beyond.”

Implementing a successful gig workforce model will require a concentrated focus on- People, Policy, Process, and Practice. This includes building structured industry policies for Gig workers, use of technology to solve security concerns and nurturing an inclusive culture that focuses on the amalgamation of both full-time and gig employees. Moreover, Gig workers will also need to invest in continuous upskilling and ensure that they are bringing the best skills to the table and at the same time build a relationship of mutual trust and partnership by following the highest standards of business ethics and data security.

About NASSCOM

The National Association of Software and Services Companies (NASSCOM®) is the premier trade body and chamber of commerce of the Tech industry in India and comprises over 3000-member companies. Our membership spans across the entire spectrum of the industry from start-ups to multinationals and from products to services, Global Capability Centres to Engineering firms. Guided by India's vision to become a leading digital economy globally, NASSCOM focuses on accelerating the pace of transformation of the industry to emerge as the preferred enablers for global digital transformation. Our strategic imperatives are to reskill and upskill India's IT workforce to ensure that talent is future-ready in terms of new-age skills, strengthen the innovation quotient across industry verticals, create new market opportunities - both international and domestic, drive policy advocacy to advance innovation and ease of doing business, and build the industry narrative with focus on Talent, Trust and Innovation. And, in everything we do, we will continue to champion the need for diversity and equal opportunity.

Latest SonicWall Intelligence Reveals Unstable Cyber Threat Landscape Amplifying Concerns For Security Professionals


Highlights

Malware attempts dipped 8% in NOAM, dipped 5% in the U.S while it rose 38% in APJ

Ransomware attempts jumped in APJ (56%)

Crypto jacking numbers jumped 35% globally through three quarters, including a 160% increase in APJ.

Global malware volume tops 4 billion, flat through three quarters

Despite 31% decline in global ransomware attempts from 2021, volume exceeds full-year totals when compared to four of the last five years (623.3 million)

Customers saw an average 1,014 ransomware attempts through three quarters

91% of IT leaders cited financially motivated attacks as biggest concern

Capture ATP earns seventh consecutive 100% threat detection score in ICSA Labs Advanced Threat Defense (ATD) Q3 2022 testing

Accelerated reconfiguring of the international cyber frontlines on the rise in the Asia Pacific

SonicWall, publisher of the world’s most quoted ransomware threat intelligence, today released new threat data through the third quarter of 2022. SonicWall recorded more than 4 billion malware attempts globally while year-to-date ransomware attempts in 2022 have already exceeded full-year totals from four of the last five years. In the recent 2022 SonicWall Cyber Threat Mindset Survey, 91% of organizations reported that they are most concerned about ransomware attacks, indicating a rise of anxiety among security professionals.

“Being a security professional has never been more difficult,” said SonicWall President and CEO Bob VanKirk. “The cyber warfare battlefront continues to shift, posing dangerous threats to organizations of all sizes. With expanding attack surfaces, growing numbers of threats and the current geo-political landscape, it should be no surprise that even the most seasoned IT professional can feel overwhelmed. Armed with the latest cybersecurity tools, SonicWall partners can play a vital role in helping customers stay secure in even the most dynamic threat environments.”

“Regardless of the organization’s size or the industry, everybody is a target of cyberattacks,” said Debasish Mukherjee, Vice President, Regional Sales APJ at SonicWall Inc. “Additionally, digital attacks are not just targeting the enterprise; they are attacking governments, MSPs, retail and other organization types. These cyber criminals are confident that these organizations have limited recovery resources, and as such will be more willing to pay after a ransomware attack.”

Ransomware Attacks Shift, Tactics Intensify, Diversify

After a record-breaking 2021, overall ransomware attacks have trended down in the first three quarters of 2022 — especially in the United States (-51%). However, attack locations have continued to shift, as ransomware attempts jumped in the U.K. (20%), EMEA (38%) and APJ (56%) compared to the same time frame last year. Proprietary SonicWall threat intelligence also found that Q3 2022 was the lowest quarterly ransomware volume since Q3 2020. Even in decline, SonicWall recorded 338.4 million ransomware attempts since the beginning of the year.

It is easier than ever to perform ransomware attacks. With Ransomware-as-a-Service (RaaS) offerings, even less technical cybercriminals can purchase ransomware kits on the dark web and target organizations with minimal experience.

Ransomware actors also are diversifying their business models and broadening their networks as demand for their services continues to grow, leading to an explosion in the variety of different tools and resources being offered via illicit marketplaces. According to SonicWall survey data, organizations are concerned with how easily ransomware attacks can be launched and 89% cited concern of financially motivated threats.

“Ransomware has evolved at an alarming rate, particularly in the past five years — not only in volume but in attack vectors,” said SonicWall Emerging Threat Expert Immanuel Chavoya. “The latest Q3 data shows how bad actors are getting smarter in the development of evolutionary strains and more targeted in their assaults.”

Crypto jacking, IoT Malware Volume Continue Upward Trend

Hackers are increasingly targeting financial firms, such as banks and trading houses, with cyberattacks designed to maliciously use computer systems to illegally mine cryptocurrencies. Cryptojacking numbers jumped 35% globally through three quarters, including a 377% spike in EMEA and 160% increase in APJ.

With more smart devices entering the digital space every day there is a growing need for Internet of things (IoT) security. IoT devices have multiple ways to connect to a network, offering multiple attack vectors to exploit. IoT malware climbed 92% globally, with 82% and 200% jumps in APJ and North America, respectively.

“With over 1.4 million endpoints collecting data around the globe, SonicWall has more data to uncover emerging threat trends and provide a true depiction of what is happening in the cyber threat landscape,” said Solutions Granted (SGI) CEO Michael Crean. “They say knowledge is power and SonicWall’s proprietary data helps SGI stay informed, which in turn helps us educate our customer base.  Leveraging SonicWall’s research helps SGI create actionable steps to help us keep our customers safer!”

Machine Learning Uncovering ‘Never-before-seen’ Malware Variants

SonicWall’s patented Real-Time Deep Memory InspectionTM (RTDMI) technology identified 373,756 never-before-seen malware variants during the first three quarters of 2022 — a 22% increase year-to-date.

One of these never-before-seen malware variants was Spyder Loader, which was observed targeting government organizations in Hong Kong in October 2022. SonicWall RTDMI proactively detected this malware strain and SonicWall Capture Labs threat researchers were the first to publish their analysis in a March 2021 SonicAlert —  a showcase of RTDMI’s machine learning-powered capabilities.

SonicWall Capture ATP Showcases ‘Perfect Threat Detection’

In October 2022, SonicWall Capture Advanced Threat Protection (ATP) with RTDMI earned its seventh consecutive 100% threat detection score in ICSA Labs Advanced Threat Defense (ATD) testing for Q3 2022, the solution’s 11th consecutive certification. ICSA Labs is an independent third party that tested SonicWall's solutions using never-before-seen malware samples, many just hours old.

About SonicWall Capture Labs

SonicWall Capture Labs threat researchers gather, analyze and vet cross-vector threat information from the SonicWall Capture Threat network, consisting of global devices and resources, including more than 1 million security sensors in nearly 215 countries and territories. SonicWall Capture Labs, which pioneered the use of artificial intelligence for threat research and protection over a decade ago, performs rigorous testing and evaluation on this data, establishes reputation scores for email senders and content, and identifies new threats in real-time.

About SonicWall

SonicWall delivers Boundless Cybersecurity for the hyper-distributed era in a work reality where everyone is remote, mobile and unsecure. SonicWall safeguards organizations mobilizing for their new business normal with seamless protection that stops the most evasive cyberattacks across boundless exposure points and increasingly remote, mobile and cloud-enabled workforces. By knowing the unknown, providing real-time visibility and enabling breakthrough economics, SonicWall closes the cybersecurity business gap for enterprises, governments and SMBs worldwide. For more information, visit www.sonicwall.com

Medtronic Launches TruClear & HysteroLux System For Diagnostic And Operative Hysteroscopy In India


* Next-generation device, engineered to enable the treatment of intrauterine abnormalities without any incisions or electric shocks

India Medtronic Private Limited, a wholly owned subsidiary of Medtronic plc (NYSE:MDT), today announced the launch of the TruClear™ system, a mechanical hysteroscopic tissue removal system used for the safe and effective treatment of intra uterine abnormalities (IUA). Some of the commonly seen IUA includes fibroids, polyps, retained products of conception, adhesions, malignancies, or hyperplasia.

One of the symptoms of IUA is abnormal uterine bleeding (AUB). AUB refers to any vaginal bleeding that is unrelated to the normal menstrual cycle, that may manifest in the form of small amounts of spotting in between periods, or unusually heavy periods. AUB is reported to occur in 9-14% women between menarche and menopause. The prevalence varies in each country. In India, the reported prevalence of AUB is around 17.9%.1 Watchful waiting and removal of the uterus (called a hysterectomy) are two common treatments to AUB. Between these two extremes is hysteroscopy, a minimally invasive treatment and the gold standard for allowing surgeons to look directly into the uterus and determine if AUB is related to fibroids, polyps, retained products of conceptions, or intrauterine adhesions.2 It does not requires incisions or electric shocks, and provides patients with a quicker recovery.

“TruClear system is a new addition to our GYN and women’s health portfolio and by introducing innovations like these we’re bringing choice, control and confidence to women’s healthcare in India. The system is built to facilitate a less invasive and effective way of treating intra uterine pathologies, giving patients the choice to retain the organ and go back to routine faster. Its precision and enhanced visibility provides gynecologists much needed comfort and helps avoid complications, yielding better patient outcomes,” said Abhishek Bhargava, director, Surgical, Patient Monitoring, Respiratory Interventions & ENT, Medtronic India.

TruClear™ is a next-generation device that provides practitioners with a clear operative field and patients with gentle mechanical resection during procedure to help efficiently execute a hysteroscopy. Unlike other intrauterine abnormality treatment options that use a high-frequency electric current, the TruClear™ system uses a simple mechanical approach to remove intrauterine tissue. Therefore, there is no scarring of the uterine lining from thermal energy or electrical energy, thus providing more hope of preserving the uterus for the future.

About Medtronic

Bold thinking. Bolder actions. We are Medtronic. Medtronic plc, headquartered in Dublin, Ireland, is the leading global healthcare technology company that boldly attacks the most challenging health problems facing humanity by searching out and finding solutions. Our Mission — to alleviate pain, restore health, and extend life — unites a global team of 90,000+ passionate people across 150 countries. Our technologies and therapies treat 70 health conditions and include cardiac devices, surgical robotics, insulin pumps, surgical tools, patient monitoring systems, and more. Powered by our diverse knowledge, insatiable curiosity, and desire to help all those who need it, we deliver innovative technologies that transform the lives of two people every second, every hour, every day. Expect more from us as we empower insight-driven care, experiences that put people first, and better outcomes for all. In everything we do, we are engineering the extraordinary.

Global Investors Meet: From Vedanta To Jio, More Than 20 Cos Sign MoUs Of Over Rs 2 Lakh Crores


* Since the start of this year, domestic and international companies have signed MoUs with the Karnataka state government committing investments of more than 5.60 lakh crore, according to ministers and industrialists at the Global Investors Meet said

More than 20 Indian and global companies across sectors signed memorandums of understanding (MoUs) with the government of Karnataka on November 2, committing to invest more than Rs 2 lakh crore cumulatively, instilling confidence in India's third-largest state in terms of GDP (Gross Domestic Product).

Since the start of this year, domestic and international companies have signed MoUs with the Karnataka state government committing investments of more than 5.60 lakh crore, according to ministers and industrialists at the Global Investors Meet said.

The sectors in which various companies have committed investments include green hydrogen, electronics system design and manufacturing, e-mobility, aerospace and defense, data centers, infrastructure, industrial and logistics parks, core and general manufacturing, and renewable energy.

The green hydrogen and derivatives sector saw seven companies committing investments of a little over Rs 2.90 lakh crore, with ACME Solar committing to invest the most of over Rs 51,000 crore. JSW Energy also committed over Rs 40,000 crore.

The electronics system design and manufacturing sector saw companies committing investments of more than Rs 47,000 crore, with ISMC Analog Fab leading the chart with a commitment of Rs 22,900 crore.

Eight companies committed investments of more than Rs 44,000 crore in the industrial and logistics park sector. Bharti Airtel and Reliance Jio led the chart with investments of Rs 15,000 crore and Rs 11,000 crore each.

Core and general manufacturing sectors also saw commitments from various investors. Six companies committed investments of over Rs 25,000 crore in the core manufacturing sector, while four companies committed investments of about Rs 5,000 crore in the general manufacturing sector.

The renewable energy sector saw the second-most favoured sector by companies as eight companies committed investments of Rs 1.27 lakh crore with Vedanta alone committing Rs 80,000 crore of investments.

Calnestor Knowledge Solutions Launches “Job Readiness Program” For Engineers And Management Graduates


Calnestor Knowledge Solutions,one of the leading knowledge technology companies in India, has announced the launch of its Job Readiness Program through NEATmet which encompasses a series of comprehensive 60-hour online LIVE masterclasses to prepare recent graduates for the industry workforce. The program is ideally suited for graduate and postgraduate students of engineering, business administration, and management in addition to aspirant candidates seeking entry-level employment in the central and state governments, public sectors, banks, railways, defense, local authorities, corporations, MNCs, SMEs, and private sectors. 

Job Readiness Program is a flagship initiative that aims to serve as a pathway for the aspiring youths of our country to achieve a rewarding career and yield them with the real workplace skills that matter. It is an intensive program to prepare them for the jobs-market with employability and life-skills along with other much required skill sets to crack decent jobs. In today’s working world, job readiness has become extremely essential. Candidates who are well-prepared for the workplace are more confident and equipped to succeed. Employers also strive to find skilled workers who have the training and skills needed to perform their jobs correctly and help the organization reach its goals. 

The Job Readiness programme will emphasize aptitude test preparation, interview preparation, soft skills development, basic IT skills development, strategic guidance, resume development, cover letter writing, and career counselling. It will include 60+ hours of online live classes, as well as recorded videos of IIT – IIM alumni serving as career coaches, learning materials, and resources with unlimited free access.  

The Aptitude program will have a duration of 30 hours and will include Quantitative Aptitude, Logical Reasoning, Data Interpretation and verbal Aptitude. The Interview preparation program will have a duration of 10 hours and will include Facing Interviews, Etiquette and Manners, Structured and unstructured Interviews, Self-Introduction, Behavioral Questions, Technical and HR Interviews. The soft skill program will have a duration of 10 hours and will include Problem Solving, Critical Thinking, Effective Communications, Decision Making, Creative Thinking, Interpersonal Relationship, Self-Awareness Building, Empathy, Stress Management and Emotion Handling. The Basic IT Skill program will have a duration of 4 hours and will include Computer Fundamentals, Operating Systems, Microsoft Office etc. The Resume program will have a duration of 4 hours and will cover Writing Resume, Resume Styles, Writing Cover Letter, Job Posting Response. The Career Counseling program will have a duration of 2 hours and will include job searching and application, career options etc. 

Regarding the launch of the Job Readiness Program, Mr. S. Boral, Director & CEO of CALNESTOR Knowledge Solutions, stated, "Using a multi-layered employability assessment, CALNESTOR identifies the potential industry readiness of job seekers. We have curated the best resources and the sharpest, most experienced instructors to prepare students in the Job Readiness Program based on information gathered over the course of preparing hundreds of aspiring candidates to make them job ready. Students will not only benefit from the program in terms of landing their dream job, but also learn strategies to succeed in their chosen field. " 

The sessions will be led by IIT-IIM alumni and eminent professionals such as Ranjan Kumar Majumder, Managing Director, Constellation Training & Placement Services, Business & IT Consultant,  Prof. (Dr.) Naveen Das, Pro Vice Chancellor of Adamas University, Ms Alakananda Rao, Founder, Director and CEO of Alvari Systems, certified PMP, Fellow of the Computer Society of India, Mr Agnimitra Biswas technology and management consultant, professor of Management Sciences, Project Director (SMILE) , Mr Rahul Bose Corporate Trainer to Public and Private Sector Companies, faculty at B. Schools, Santi Ranjan Saha visiting faculty at Business & Management Schools and Shivaji Gupta Roy, visiting faculty at Business & Management Schools. The enrollment for the program will start from November 2022.  

About CALNESTOR Knowledge Solutions 

Incorporated in 2016 under The Companies Act 2013, CALNESTOR Knowledge Solutions has been promoted & supported by Engineers, Technologists, Consultants, eminent Academicians, and veteran Industry Experts with hundreds of years’ cumulative experience. Since its inception, it has been in the business of online assessments & evaluations, conducting PAN India exams, academic publishing, and editorial services for conferences, and managing online techno-professional communities through its different cutting-edge platforms.  

Shared Electric Mobility Leader Yulu Signs MoU With Government of Karnataka To Invest Rs 1200 Crores And Create 7000+ Jobs


* Yulu will deploy 1 Lakh Electric Vehicles in Karnataka and will create the largest EV battery charging and swapping infrastructure in the state over the next 5 years.

* The investment will accelerate EV adoption in the State & reduce the carbon footprint.

* Yulu will establish a Centre of Excellence for designing and optimising cutting-edge vehicle designs, IoTs and EV charging equipment.

Yulu, India’s market leader in shared electric 2 wheeler Mobility-as-a-Service (MaaS) and Battery-as-a-Service (BaaS) businesses, today entered a Memorandum of Understanding (MoU) with the Government of Karnataka re-affirming its commitment to the electric mobility ambition of the State. The MoU was signed by Mr R K Misra, Co-Founder, Yulu, in the presence of the Honorable Chief Minister of Karnataka Shri Basavaraj Bommai, Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman, other Union Cabinet Ministers, State Government officials and other prominent dignitaries at the Invest Karnataka Global Investors Meet in Bengaluru.

As part of the MoU, Yulu in line with its business expansion for exponential growth, will invest ? 1200 crores to deploy a fleet of 1 Lakh EVs and operationalize the largest EV battery charging and swapping infrastructure in the State over the next 5 years. In addition to creating a practical & affordable shared solution for urban mobility at scale, the MoU also covers investments made in product innovation, new technology and sustainable operations. Yulu will create about 7000 direct jobs across its value chain activities. Additionally, Yulu will leverage its R&D and research expertise to design, develop & manufacture IoTs and EV charging equipment. 

Mr R K Misra, Co-Founder, Yulu said, “Karnataka is one of the most progressive & action-oriented states of the country in embracing an EV future. As a leading Electric Mobility player and an active industry participant, Yulu has worked closely with policy makers & government departments to help formulate policies that foster a vibrant EV ecosystem. This MoU is a step forward in that partnership and also cements Karnataka’s position as a preferred investment destination for electric vehicle manufacturing, R&D, and deployment hub in India. We are committed to redefine urban mobility by reducing congestion & pollution, and a thriving Government-Industry partnership will play a foundational role in achieving this vision.”

Yulu is driven by the principles of Affordability, Accessibility & Availability to enable shared mobility at scale. Yulu has served millions of users for their first & last mile mobility needs and lakhs of green deliveries have been made using Yulu EVs, helping save 15000 metric tons of CO2 emissions. Yulu has enabled tens of thousands of gig economy workers to join the workforce and increase their net earnings by providing an efficient, sustainable, and affordable mobility service.

As a market leader in the first & last mile mobility, Yulu has built successful partnerships in Karnataka with Bengaluru Metro (BMRCL), and city authorities in Bengaluru (BBMP/DULT), for both parking and charging infrastructure. Yulu zones are present in the vicinity of key BMRCL Metro Stations and BMTC bus stops, in addition to 1000+ locations in the city. With over 70 charging & swapping stations Yulu already has a sizable presence in the Battery-as-a-Service business and continues to expand at a rapid pace.

About Yulu:

Yulu is India’s largest Shared EV mobility & battery-swapping company, founded in 2017 by seasoned & serial entrepreneurs with the mission to make urban commuting clean, inclusive & sustainable. Backed by marquee financial as well as strategic investors, Yulu provides urban Mobility-as-a-Service (MaaS) in Bengaluru, Mumbai, and Delhi-NCR, and has successfully created India’s largest AI-powered Battery-as-a-Service (BaaS) platform, to provide practically unlimited range to its users. This network has completed 3.5 million+ battery swaps till date and has enabled the accelerated adoption of electric mobility in India. As a pioneer in the EV space, Yulu has influenced several policies aimed towards electric vehicles, and has generated livelihood opportunities for millions of people. For further information, please visit www.yulu.bike or follow us on Twitter @YuluBike.

Photo Caption:  Mr. R K Misra, Co-Founder, Yulu with Honourable Chief Minister of Karnataka Shri Basavaraj Bommai, Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman, and other prominent dignitaries at the Invest Karnataka Global Investors Meet in Bengaluru.

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