Bajaj Auto invests $8mn in micromobility startup Yulu. Telcos might defer 5G rollout by five years.
Yulu Because You Only Live Once: Two-wheeler manufacturing major in India, Bajaj Auto has invested $8mn in Bengaluru-based micromobility platform Yulu.
As part of the deal, Bajaj will co-design and manufacture electric two-wheelers for Yulu. Bajaj will also consider facilitating the vehicle finance needs of Yulu for a large scale deployment of its micromobility electric vehicles.
With the funding, Yulu plans to increase its fleet size to 100K electric two-wheelers by Dec 2020. At present, it has a fleet of 3000 EVs and 8500 scooters. Though the company has not taken off bicycles from the roads, it has stopped buying them as it now plans to focus on EVs. Inc42
...Come Again Another Day: Telecom operators in India are likely to defer the roll-out of 5G services at least five years on the back of exorbitant base prices, insufficient spectrum and unavailability of newer bands.
Priced at INR492cr for 1 MHz, most operators said it was not a viable proposition given the debt and international prices. Moreover, the quantum of 5G spectrum being offered in India was insufficient since the industry was seeking 100MHz per operator. ET Telecom News
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