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EV startup <keyword id="13020976" type="General" weightage="20" keywordseo="Oben-Electric" source="Orion">Oben Electric</keyword> on Tuesday said it has raised Rs 40 crore in an extended pre-series A round and also announced it will start delivering its electric motorcycle Rorr to customers in Bengaluru from next month. The company has so far secured a total funding of Rs 88 crore, including Rs 72 crore (both in equity and debt) in the pre-Series A round, <keyword id="13025321" type="General" weightage="100" keywordseo="oben" source="Orion">Oben</keyword> said in a statement. The capital infusion will help the company in scaling up its production capacity at the Bengaluru facility to 100,000 units per year as well as meet the working capital requirements for distribution expansion, it said. The Bengaluru-based EV startup which has a distribution network across major cities in the country, plans to meet the demand of 21,000 pre-orders by scaling up its manufacturing capacity, the company said. The funding round attracted both Institutional investors such as Stride Ventures and Indian Renewable Energy Development Agency (IREDA), along with new investors including Mumbai Angels and other high-net-worth individuals (HNIs), Oben said. Besides, existing investors such as Kalvani Family Office, US India EV Angels, and We Founder Circle also participated in the fundraise, it said. "The additional fund infusion came after meticulously planning the delivery dates and to meet the existing and future customer demand of our product Oben Rorr. The latest infusion of funds will be used to meet our committed delivery timeline that is set for the first week of July," said Madhumita Agrawal, Founder-CEO, Oben Electric.

EV startup Oben raises ₹40 crore in extended pre-Series A round

Best Electric Toothbrushes in India

Best electric toothbrushes in India

<ul><li>A container truck carrying 40 <keyword id="835856" type="General" weightage="20" keywordseo="electric-scooters" source="Orion">electric scooters</keyword> reportedly caught on fire.</li><li>The incident destroyed 20 electric <keyword id="83121" type="General" weightage="20" keywordseo="scooters" source="Orion">scooters</keyword> and was brought under control by the fire department.</li><li>The incident further raises concerns about the safety of electric vehicles being sold in India.</li></ul>In yet another setback for the electric vehicles industry in India, a container truck carrying 40 electric scooters caught on fire. As per the report, 20 scooters in the upper segment of the truck were completely destroyed but fortunately, there was no loss of life. This comes just a few days after electric <a href="https://www.businessinsider.in/business/auto/news/electric-scooters-are-catching-fire-in-india-should-users-be-worried/articleshow/90496840.cms">scooters</a> like the Ola S1 Pro and Pure EV reportedly caught fire in India. The central government had deputed a team of independent experts to investigate the incidents. According to a CNBC-TV18 <a href="https://www.cnbctv18.com/auto/40-electric-scooters-of-jitendra-ev-catch-fire-in-transport-container-in-nashik-13117622.htm">report</a>, 40 electric scooters from Jitendra Electric Vehicles, a part of the Shah Group were being transported from the Jitendra EV factory in Nashik to Bengaluru when a fire was reported in the upper segment of the container on April 9. "An unfortunate incident took place on 9th April near our factory gate in a scooter transport container. The situation was immediately brought under control by timely intervention from our team," the company told CNBC-TV18 in a statement. “Safety being of prime importance, we are investigating the root cause and we will come up with the findings in coming days,” the company added. The fire has added to the safety concerns as there have been multiple reports of electric scooters catching fire over the past few weeks. This could very well hamper the popularity of electric vehicles in the country and end up slowing down the rollout. This comes at a time when the sale of electric two-wheelers has <a href="https://www.businessinsider.in/business/auto/news/electric-two-wheeler-sales-surge-over-5-times-in-2021-22/articleshow/90775731.cms">surged</a> by over 5 times in the past year. The Centre for Fire Explosive and Environment Safety team that has been deputed by the government is expected to deliver its report by the end of this month. Once the report is submitted, we should know more about the cause of these recent fires. SEE ALSO: <a href="https://www.businessinsider.in/business/auto/news/electric-two-wheeler-sales-surge-over-5-times-in-2021-22/articleshow/90775731.cms">Electric two-wheeler sales surge over 5 times – Hero Electric, Okinawa corner half the market, Ather’s market share declines</a> <a href="https://www.businessinsider.in/business/auto/news/bounce-infinity-e1-electric-scooter-vs-ola-s1-pro-electric-scooter-comparison-of-price-features/slidelist/90725905.cms">Bounce Infinity E1 vs Ola S1 Pro – performance vs ease of use, which is better?</a> <a href="https://www.businessinsider.in/business/auto/news/electric-scooters-are-catching-fire-in-india-should-users-be-worried/articleshow/90496840.cms">Electric scooters are catching fire in India – should users be worried?</a>

In another setback for electric vehicles, a container truck carrying 40 scooters catches fire

<keyword id="201507" type="General" weightage="100" keywordseo="mitsubishi-electric" source="Orion">Mitsubishi Electric</keyword> Corporation on Tuesday said it will invest about ₹220 crore (3.1 billion yen) in its Indian subsidiary to set up a new factory near <keyword id="2094" type="General" weightage="20" keywordseo="pune" source="Orion">Pune</keyword> in Maharashtra. Its subsidiary <keyword id="2867860" type="General" weightage="50" keywordseo="mitsubishi-electric-india" source="Orion">Mitsubishi Electric India</keyword> will manufacture inverters and other factory automation (FA) control system products, said a statement from the Japanese manufacturer of electrical and electronic products. The factory is expected to start operations in December 2023 and would expand the company's capabilities to meet the growing demand in <keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword>, it added. "The rapidly <keyword id="3111611" type="General" weightage="20" keywordseo="growing-Indian-market" source="Orion">growing Indian market</keyword> is expanding at an annual rate of about 8 per cent mainly in industries such as automobiles, food &amp; beverage, pharmaceuticals, data centres, and textiles, with further market expansion expected in the future," it said. The new two-floor, 15,400 square-metre factory will be built on 40,000 square metres of land near Pune. "....(it) will help expand Mitsubishi Electric's <keyword id="10687216" type="General" weightage="20" keywordseo="production-capabilities" source="Orion">production capabilities</keyword> to meet local demand for products, and also contribute to the Make in India initiative promoted by the Indian government," the statement said. In addition, the facility will incorporate various features aiming to achieve carbon neutrality by reducing carbon dioxide emissions by using highly efficient air conditioning systems and LED lighting equipment. It will also meet sustainable development goals (SDGs) by reusing wastewater through underground filtration treatment and greening. Mitsubishi Electric India is in the business of "development, manufacture, sales and after-sales service of FA control system products, sales and after-sales services for air conditioners, semiconductors; manufacture, sales and after-sales service of electrical products for railway vehicles. Headquartered in <keyword id="4741" type="General" weightage="20" keywordseo="tokyo" source="Orion">Tokyo</keyword>, Mitsubishi Electric Corporation is a world leader in electrical and electronic equipment used in information processing and communications, space development and satellite communications, consumer electronics, industrial technology, energy, transportation and building equipment. The company had recorded a revenue of 4,476.7 billion yen (USD 36.7 billion) in the fiscal ended March 2022. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="http://www.businessinsider.in/business/corporates/news/paytm-could-be-entering-a-low-cost-high-profit-margin-regime-say-a-brokerage-firm/articleshow/92054964.cms">PayTM could be entering a low cost-high profit margin regime, say a brokerage firm</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="http://www.businessinsider.in/science/health/news/what-is-norovirus-infection-check-out-causes-symptoms-and-prevention/articleshow/92052855.cms">Norovirus detected in Kerala — here’s all you need to know about the virus</a>

Mitsubishi Electric to invest ₹220 crore to set up factory in Maharashtra

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Rice is a staple food in most of the cuisines and cooking rice perfectly while retaining its suppleness and aroma is an art! Looking for an option that cooks rice quickly without much supervision? Well, <keyword id="9784214" type="General" weightage="20" keywordseo="electric-rice-cookers" source="Orion">electric rice cookers</keyword> is the answer! Traditional steam pots or pressure cookers are passee for people living hectic lives or for amateur cooks. An easy, instant and simple way to cook rice is the electric rice cooker that is smart, savvy and stylish. With automatic and programmable settings, uniformly cooked rice that is non-sticky and delicious comes easy! And not just rice, you can also steam veggies, make soups, instant noodles, oatmeal and loads more with these smart cookers. When buying an electric rice cooker, factors such as capacity &amp; size, ease of operation, ease of cleaning, energy consumption, and automatic shut off features should be considered for an informed decision. Listing for you our top picks of electric rice cookers that make cooking simple, time-saving and hassle-free. <bulletContentEmbed name="B07XZH9QWX" columns="1"><bulletContentHeading name="B07XZH9QWX_head"> <div type="image" title="Easy Cooking" msid="91593140" hostid="261"></div></columnHeadThumb>B07XZH9QWX</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B07XZH9QWX_body"><bulletContentRow name="B07XZH9QWX_9029349612114596"><bulletContentRowHeading><bulletContentRowHead col="1">Pigeon by Stovekraft Joy Rice Cooker, 1L</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This electric rice cooker from Pigeon has a sturdy build and requires a power of 400-watt for operation. To keep you safe and ensure comfortable holding, it is designed with a stainless steel cool-touch handle. It comes with an indicator that helps to monitor warm and cook functions. The aluminium cooking plate provides uniform and efficient heating for effective cooking. Also, it keeps the food warm for up to 5 hours after switching off.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B07XZH9QWX_4299203844334554"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">The 1L capacity makes it suitable to cook for 3-4 members at a time.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B07M9QSSN8" columns="1"><bulletContentHeading name="B07M9QSSN8_head"> <div type="image" title="Auto Cut-Off" msid="91593155" hostid="261"></div></columnHeadThumb>B07M9QSSN8</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B07M9QSSN8_body"><bulletContentRow name="B07M9QSSN8_0234636176776393"><bulletContentRowHeading><bulletContentRowHead col="1">Usha Automatic Rice Cooker, 1L</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This easy to use electric rice cooker from Usha can be a great option to consider. Its 1-litre capacity makes it suitable to cook enough rice for a family. It comes with a heavy glass lid that ensures better heat retention and provides resistance against breakage. It has a single-touch automatic cooking operation. Also, to ensure easy carrying and firm grip, the cooker comes with a cool-touch handle.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B07M9QSSN8_4611500140985296"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">The transparent glass lid provides the comfort of viewing.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B00LQL7OC4" columns="1"><bulletContentHeading name="B00LQL7OC4_head"> <div type="image" title="Recommended" msid="78061455" hostid="261"></div></columnHeadThumb>B01M6453MB</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B00LQL7OC4_body"><bulletContentRow name="B00LQL7OC4_7550155173492869"><bulletContentRowHeading><bulletContentRowHead col="1">Prestige Delight PRWO 1-Litre Electric Rice Cooker (White)</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">Cook not just rice, but instant noodles, soup or porridge in this smart electric multi-cooker. With 2 indicators - Cook &amp; Warm, its automatic cooking shifts to ‘Warm’ mode after the rice is cooked. In this mode, the cooked rice is kept moist and warm for up to 4 hours. This compact cooker can cook upto 400 grams of rice, thus, is perfect for a small family. The close fid lid, detachable rod and cool touch handles make cooking convenient and quick. Good to look and with great features, it uses 230V voltage and 500 W power.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B00LQL7OC4_8875126334493804"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">Small Capacity Makes it Ideal for a Small Family</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B08CSBC59J" columns="1"><bulletContentHeading name="B08CSBC59J_head"> <div type="image" title="LED Indicator" msid="91593173" hostid="261"></div></columnHeadThumb>B08CSBC59J</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B08CSBC59J_body"><bulletContentRow name="B08CSBC59J_0455361719273106"><bulletContentRowHeading><bulletContentRowHead col="1">Orient Automatic Rice Cooker, 1L</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">This power-packed electric cooker from Orient comes with an automatic cooking function to ensure quick and easy cooking. The anodized aluminium cooking container provides uniform heat for effective cooking. It is easy to carry with its strong and heat-resistant side handles. It uses 660W electricity and offers auto-cut operation to prevent burning. Also, it comes with an LED indicator to keep you updated with the cooking status.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B08CSBC59J_8490167782156207"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">The auto-cut off feature ensures safety and helps save electricity.</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed> <bulletContentEmbed name="B00650QJ8G" columns="1"><bulletContentHeading name="B00650QJ8G_head"> <div type="image" title="Compact Design" msid="78061426" hostid="261"></div></columnHeadThumb>B0749PWJJG</columnHeadTitle></columnHead></bulletContentHeading><bulleteContentBody name="B00650QJ8G_body"><bulletContentRow name="B00650QJ8G_4300673967182217"><bulletContentRowHeading><bulletContentRowHead col="1">Sheffield Classic 3-In-1 Aluminum Multi-Cooker 1.1 L(Boil, Grill, Fry) 800W, 10-inches, Orange</bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">Functional and smart, this electric cooker has a capacity of 1.1 litres which makes it excellent for small families. Presentable in looks, this bright orange multi-purpose cooker comes with a tempered glass metastable lid, a non-stick coating of detachable pans and pots and has a thermostat for multiple temperature control. With a power wattage of 800, its consistent heat distribution and superior heat retention makes it suitable for boiling, grilling and frying as well. Various pots and pans can be used to cook on this electric cooker. Its compact design makes it ideal for small families, student dorms as well as for camping or traveling.</bulletContentRowCell></bulletContentRowBody></bulletContentRow><bulletContentRow name="B00650QJ8G_5610180236133700"><bulletContentRowHeading><bulletContentRowHead col="1"></bulletContentRowHead></bulletContentRowHeading><bulletContentRowBody><bulletContentRowCell col="1">Smart &amp; Stylish 3-in-1 Aluminium Multi Cooker</bulletContentRowCell></bulletContentRowBody></bulletContentRow></bulleteContentBody></bulletContentEmbed>

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