June 08, 2023

  • Daily Motion

TCS Jaguar Formula E title partner & eBikeGo acquires tech firm for EVs 

TCS Jaguar Formula E

TCS Jaguar Formula E title partner & eBikeGo acquires tech firm for EVs 

TCS is Jaguar’s Formula E title partner

Anand Mahindra, Mahindra Group Chairman has welcomed India’s largest IT company Tata Consultancy Services (TCS) to the electric racing. TCS has partnered with Tata Group owned Jaguar Land Rover as Jaguar’s Formula E outfit will compete as Jaguar TCS Racing in the upcoming 2022 season. The TCS will be the Jaguar Formula E team’s new title sponsor.

The company released a statement stating that TCS “experience working with premiere players in the automotive value chain” will prove to be a valuable asset.

eBikeGo acquires tech firm Kustard Technologies 

eBikeGo India’s electric two-wheeler mobility platform has announced that it has acquired tech firm, Kustard Technologies for $2 million to modernize the EV industry. It plans to build FMS (Fleet Management System) for its clients such as Amazon, Flipkart, Big Basket.

The company in a statement said that the acquisition will also help businesses to get ahead of the competition. It will also aid remote diagnostics of EVs to achieve preventative maintenance such as such as monitoring vehicle health, motor, battery and controller among others.

“We are extremely happy to acquire one of the burgeoning tech firms, Kustard Technologies, to help push the EV industry to the next level with cutting-edge technology. Every year, approx. 25 million petrol two-wheelers are sold in India. Previously, less than 0.15 million electric two-wheelers have been sold, accounting for just 0.6 percent of overall two-wheeler sales,”

“One of the major reasons for this is that most electric two-wheeler vehicles today are not connected to IoT(Internet of Things) making the user devoid of a complete, dependable digital experience. eBikeGo’s vision with this purchase is to transform electric vehicles into smart connected vehicles. As industry experts, we understand the urgency and significance of technology in EV space.” said Dr. Irfan Khan, Founder & CEO of eBikeGo.”

Javed Khatri, founder and CEO, Kustard Technologies said “At Kustard, we always knew that we had a kickass team that has a proven track record of shipping great products consistently, however a solid purpose was missing and eBikeGo with its vision, gave us that opportunity to make a difference in people’s lives and change the world for good,”

“Every line of code we write, every pixel we design, every feature we ship, directly impacts the environment and hence mankind. This compelled us to join hands with eBikeGo. EBG Matics is a revolutionary technology which is unlike any other telematics device. It analyses rider and vehicle behavior using AI and machine learning to track and optimize efficiency for the user.”

Also read related article: eBikeGo providing mobility solution aims for 15,000 jobs creation

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