Technology

Greaves Cotton Ltd. Showcases Innovative product and services to Build the complete Mobility Ecosystem at The Auto Expo 2025- The Motor Show

Published

2 years ago

January 18, 2025

Greaves is building a complete mobility ecosystem, spanning vehicle ownership to life cycle services, to address the needs across the mobility value chain.Greaves Electric Mobility showcased the line-up of its flagship Ampere Nexus, now available in more premium variants: the Race and Executive editions.Greaves Electric Mobility also unveiled the concept of its first e-motorcycle, the ‘Xyber’, which boasts a certified range of up to 200 km per charge, with fast-charging capability.The company introduced charging solutions, new two-wheeler/three-wheeler concepts, and retail aftermarket accessories.Greaves Engineering demonstrated a variety of innovative and sustainable engine and powertrain solutions, including a trailblazing hydrogen-powered engine concept.

NEW DELHI, Jan. 18, 2025 /PRNewswire/ — Greaves Cotton Limited, one of India’s leading diversified engineering companies, showcased its comprehensive mobility solutions at the ongoing Auto Expo 2025 – The Motor Show, held at New Delhi’s Bharat Mandapam today. The company unveiled its new, ‘Made in India‘ product offerings across two-wheelers and three-wheelers, including concept vehicles, charging solutions, engines, powertrain systems, and retail aftermarket accessories.

Building on its rich 165-year legacy of innovation in engineering solutions, the company is unfolding a new chapter in its transformational journey from a single-business, single-fuel organisation to a fuel-agnostic, multi-business enterprise. Its aim is to create a holistic and sustainable mobility ecosystem that empowers consumers, business partners, and service providers alike. In line with this vision, its showcase at the expo included:

Futuristic electric two- and three-wheelers: This includes the concept of its e-motorcycle, ‘Xyber’, and ‘Xpress’, a tailored solution for the quick commerce and delivery segment. Also featured was ‘Xargo’, a high-speed electric three-wheeler designed for multiple applications within the thriving e-commerce ecosystem.Fast Charger: A wall-mounted fast-charging system designed for efficiency and ease of use.Variants: Brand-new variants of its existing best-selling two-wheelers, Nexus and Magnus:Nexus Exec: India’s first ultra-luxury, high-performance family electric scooter, featuring an Executive Class variant with a 5 kW motor, a top speed of 93 km/h, a 3.5-hour charging time, and a 7″ TFT touchscreen.Nexus S Tourismo: India’s first premium race-edition high-performance family electric scooter, equipped with a 5 kW motor, a top speed of 93 km/h, a 3.5-hour charging time, and a 7″ TFT touchscreen.Magnus Neo: The upgraded Magnus, renowned for its achievement of being driven from Bengaluru to Delhi, covering over 2,300 km for the expo and creating a national record. Competitively priced at ₹79,999, it features an LFP battery and a 5-year/75,000 km battery warranty.Engines and Powertrains: Innovative solutions catering to the automotive sector, including a groundbreaking hydrogen-powered engine concept, a CNG engine, and a Euro V+ compliant engine for the European market.Retail aftermarket accessories: This includes motors, rear axle assemblies, and a high-performance lithium-ion battery tailored to the specific requirements of data centres and banks.Automotive components and motion control systems: The showcase also featured new and existing automotive components from Greaves, alongside advanced motion control systems from Excel Controlinkage Pvt. Ltd.

Ever since its entry into the sustainable mobility sector, Greaves Cotton, through its electric mobility business, Greaves Electric Mobility, and its Ampere brand, has been redefining last-mile mobility in India with its vision of making “Har Gully Electric”. To date, its vehicles have collectively travelled 3.8 billion electric kilometres, saving 1.5 lakh tonnes of CO2 emissions—an impact equivalent to planting 5.9 million trees.

Commenting on the company’s innovative solutions displayed at the expo, Nagesh Basavanhalli, Non-Executive, Vice Chairman, Greaves Cotton Limited said, “Greaves Cotton continues to leverage its engineering expertise to build a complete and agile mobility ecosystem that maximises synergies across its various businesses, in line with our objective to lead India’s transition to a more sustainable and inclusive economy. The products showcased today blend technology, sophisticated engineering, and intelligent design applications across versatile segments, and are inspired by deep consumer insights. These innovations have been proudly conceptualised and created in India, with the aim of positively impacting a billion lives and empowering them through smart, sustainable, and accessible solutions.

Our approach to diversification has been clear—get closer to the customer, embrace fuel-agnostic solutions, and democratise smart and sustainable mobility. Empowering lives lies at the heart of our purpose, and 2025 marks an exciting new chapter in our transformation from a single-fuel organisation to a diversified provider of future-ready, fuel-agnostic solutions designed to meet the needs of an evolving world.”

Segment 1

Greaves Electric Mobility showcased a spectrum of 2- and 3-wheeler concepts across diverse applications including

Ampere Xyber: Ampere’s e-motorcycle concept is set to redefine urban mobility with a certified range of up to 200 km per charge, a top speed of approximately 100 km/h, and fast-charging capability. The motorcycle features a futuristic Arctic-Tern-inspired design with a ‘space-age’ themed cockpit.Ampere Xpress: This electric two-wheeler concept, dubbed the ‘multi-purpose workhorse’, is designed to meet the unique demands of the quick-commerce segment. With a robust build capable of supporting a payload of up to 230 kg, its flexible design accommodates accessories for multiple use cases. It is equipped with safe LFP battery technology and comes with a 5-year/75,000 km battery warranty.Greaves Xargo: A customisable, multi-application electric three-wheeler with a payload capacity of 300 kg, a 5 kWh LFP battery, and a range of over 100 km per charge. Stylishly and functionally designed, it incorporates innovative features and is IoT-enabled.

It also unveiled new sport and business-class variants of its highly acclaimed Nexus and Magnus models, including the Nexus Exec, Nexus Tourismo, and the recently launched Magnus Neo, featuring enhanced power capacities. The Magnus Neo, showcased at the expo, was driven from Bengaluru to New Delhi, demonstrating its remarkable endurance. The scooter completed an impressive journey of over 2,300 km, proving its capabilities on the road even before arriving at the exhibition floor.

Notably, the company also showcased the Ampere Charger, a convenient wall-mounted fast AC charging solution designed to cater to the charging needs of consumers on the move.

Remarking on Greaves Electric Mobility’s display at the expo, Mr K. Vijaya Kumar, Executive Director and CEO, Greaves Electric Mobility, said, “We are thrilled to unveil our concepts and offerings designed to cater to a diverse range of consumers and applications. This approach aligns with our goal to democratise sustainable mobility in India and empower people and livelihoods through our expertise in automotive technology, showcased through our leading brands, Ampere, Greaves 3 Wheelers, and more. By leveraging our 165-year-old Greaves legacy in engineering, we have sought to provide category-leading options that merge the best of aesthetics, functionality, and performance.

As electric mobility gains greater adoption in India, we remain committed to delivering the best in electric two- and three-wheeler passenger and cargo mobility. Our solutions are not only viable but also superior alternatives to traditional ICE vehicles.”

Segment 2

Greaves Engineering, the flagship engineering solutions business of Greaves Cotton Limited, also showcased a wide range of fuel-agnostic mobility solutions at the expo, including the Hydrogen engine concept, CNG engine, Euro V+ engine, EV powertrain, engine components, and other motion control components from Excel Controlinkage.

With technology as a key differentiator, the products are defined by design, engineering, materials chemistry, weight optimisation, and aesthetics, underscoring the company’s commitment to the “Make in India” initiative.

Greaves Engineering’s focus on emerging technologies was also evident at the showcase, with notable demonstrations such as its pioneering G396 hydrogen-powered engine, developed as part of the company’s alternate fuel strategy.

Elaborating on these developments, Dr. Arup Basu, Managing Director, Greaves Cotton Ltd., said,
“Staying true to our purpose of empowering prime-over solutions, we are proud to introduce our new alternate fuel engines, e-powertrains, and other advanced engineering solutions. By leveraging synergies across our diverse and time-tested capabilities, we aim to drive innovation and build a future-ready product portfolio.

Our focus extends beyond product development to delivering value across the entire product lifecycle, ensuring efficiency and reliability at every stage. With a strategic emphasis on hydrogen energy and other clean technologies, we remain committed to shaping the future of mobility through sustainable and scalable solutions.”

About Greaves Cotton Limited:
Greaves Cotton Limited (GCL), also known as Greaves, is a diversified, multi-product, multi-fuel, and multi-location engineering company with a legacy of 165 years and strong brand trust. Originally renowned for its single-cylinder diesel engines, Greaves has transformed into a fuel-agnostic, end-to-end mobility solutions provider, driven by the purpose of “Empowering Lives”. The Company is enabling a sustainable transition to green mobility and aims to touch a billion lives by 2030. Greaves is building a digitally integrated ecosystem that connects consumers, business partners, and service providers across the entire mobility value chain.

Through its five independent business units—Greaves Engineering, Greaves Electric Mobility Ltd., Greaves Retail, Greaves Finance Ltd., and Greaves Technologies Ltd.—Greaves combines agility with strategic focus, delivering innovation and enhancing accessibility for consumers. With significant investments in technology and human capital, the Company is positioned to lead in India’s EV and sustainable mobility markets. The Company remains committed to sustainable growth and economic progress, making it a trusted partner in shaping the future of mobility in India.

For more information, visit- www.greavescotton.com

Disclaimer:-
GREAVES ELECTRIC MOBILITY LIMITED is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offering of its equity shares and has filed a draft red herring prospectus dated December 23, 2024 (“DRHP”) with SEBI and the Stock Exchanges. The DRHP is available on the website of SEBI at www.sebi.gov.in , on the websites of the Stock Exchanges, i.e., BSE and NSE at www.bseindia.com and www.nseindia.com, respectively, on the website of the Company at www.greaveselectricmobility.com and on the websites of the BRLMs, i.e. Motilal Oswal Investment Advisors Limited at www.motilaloswalgroup.com, IIFL Capital Services Limited (formerly known as IIFL Securities Limited) at www.iiflcap.com and JM Financial Limited at www.jmfl.com , respectively. Any potential investors should note that investment in equity shares involves a high degree of risk. For details, potential investors should refer to the red herring prospectus which may be filed with the Registrar of Companies, Tamil Nadu at Chennai in the future. Potential Bidders should not rely on the DRHP filed with SEBI and the Stock Exchanges in making any investment decision.

This announcement does not constitute an invitation or offer of securities for sale in any jurisdiction. The Equity Shares have not been and will not be registered under the U.S. Securities Act of 1933, as amended (“U.S. Securities Act”), and may not be offered or sold within the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. Accordingly, the Equity Shares are only being offered and sold (i) within the United States to “qualified institutional buyers” (as defined in Rule 144A under the U.S. Securities Act) in private transactions exempt from the registration requirements of the U.S. Securities Act, and (ii) outside the United States in offshore transactions in reliance on Regulation S and the applicable laws of the jurisdiction where those offers and sales occur. There will be no public offering of the Equity Shares in the United States.

Disclaimer: –
“This press release may include statements of future expectations and other forward-looking statements based on management’s current expectations and beliefs concerning future developments and their potential effects upon Greaves Cotton Limited and its subsidiaries/ associates (“Greaves”). These forward-looking statements involve known or unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Important factors that could cause actual results to differ materially from our expectations include, amongst others: general economic and business conditions in India and overseas, our ability to successfully implement our strategy, our research and development efforts, our growth and expansion plans and technological changes, changes in the value of the Indian Rupee and other currency changes, changes in the Indian and international interest rates, change in laws and regulations that apply to the related industries, increasing competition in and the conditions of the related industries, changes in political conditions in India and changes in the foreign exchange control regulations in India. Neither Greaves, nor our directors, or any of our subsidiaries/associates assume any obligation to update any forward-looking statement contained in this release.”

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Technology

Lovey announces £250m senior secured credit facility with Pollen Street Capital

Published

9 minutes ago

October 27, 2026

UK’s fastest-growing fintech announces its largest funding facility to date to support more UK SMEs

BIRMINGHAM, England, Oct. 27, 2026 /PRNewswire/ — Lovey, the UK’s fastest-growing fintech and financial services provider, specialising in SME lending and brokerage, has today announced a senior secured credit facility of up to £250 million with Pollen Street Capital (“Pollen Street”), an alternative asset manager. The facility is made up of £50 million committed capital and a £200 million accordion, making it the largest funding facility in Lovey’s history and marking a key milestone in the company’s growth.

The facility demonstrates continued institutional investor confidence in Lovey’s lending model, technology and long-term strategy and reinforces Lovey’s position as a leading finance provider focusing on SME funding. The facility will significantly increase Lovey’s lending capacity, supporting the business as it scales its own-book lending while continuing to grow its established brokerage proposition.

Founded by Jack Smith in 2016, Lovey has grown from a one-person start-up into a 120-strong business, funding more than £600 million in loans to over 11,000 UK SMEs. Built around a mission to make lending simple, fast and beautiful, Lovey has expanded rapidly while staying focused on making finance easier and more accessible for small businesses. The new facility will support that mission by giving Lovey the capital to help more UK SMEs access funding quickly and flexibly.

Lovey began lending directly from its own balance sheet in 2022, building on its experience as a broker to develop a deeper understanding of the funding needs of UK SMEs. Today, the business combines direct lending with its established brokerage proposition, giving customers access to both Lovey’s own lending and a wider panel of funding partners. This approach allows Lovey to match businesses with the funding solution that best suits their needs, while the new facility provides greater capacity to grow its direct lending operation.

Jack Smith, Founder and CEO at Lovey, comments:
“This new facility is an important milestone for us and will enable us to put more capital behind UK small businesses, scale our own-book lending and give more SMEs access to finance when they need it. Pollen Street shares our belief that finances for small businesses should be simpler, faster and more flexible, and we’re really pleased to have them backing Lovey for this next stage of growth.”

Kai Hunter, Chief Operating Officer at Lovey, comments:
“The funding announced today is the result of close and collaborative work with Pollen Street and I am grateful to their team, and to our own, for the diligence they brought to it. This funding deepens our lending capacity and allows us to offer larger loans, so that we can back more of the UK’s small and medium-sized businesses, from those that have found finance hardest to secure to the well-established, with greater speed and certainty.”

Ethan Saggu, Investment Director, Pollen Street, adds:
“Lovey has spent almost a decade seeing the UK SME lending market from a broker’s perspective, giving the team an expert view of where demand for credit is going unmet. We have financed a number of specialist SME lenders and recognise what it takes to grow from brokerage into balance-sheet lending. Lovey has done so with a well-defined product and a focused approach, and we look forward to supporting the team as it scales.”

Lovey was advised by Ashurst Perkins Coie and Pollen Street was advised by Simmons & Simmons.

The facility builds on Lovey’s existing funding arrangements announced last year, including a £35 million revolving credit facility from Paragon Bank and a £10 million junior medium-term note programme from LGB Capital Markets. The new facility also adds to Lovey’s growing institutional funding base as it enters its next phase of expansion.

To learn more about Lovey or to apply for a fast, flexible business loan, visit Lovey’s website.

For any further information, please contact: press@lovey.com

About Lovey (the trading name of Love Finance Limited):
Lovey is the UK’s fastest-growing fintech and financial services provider, specialising in SME lending and brokerage. Founded in Birmingham in 2016 by Jack Smith, Lovey has a mission to make lending simple, fast and beautiful. The company has funded more than £600 million in loans for over 11,000 SMEs across the UK.

Recognised by EY, Deloitte, The Sunday Times, Financial Times, UK Growth Index, FEBE, and Sifted as one of the UK’s fastest-growing companies. Lovey combines direct lending and brokerage services to deliver fast, flexible, and tailored funding solutions. With an industry-leading 4.9-star Trustpilot rating, businesses can enquire in 60 seconds and receive funding in as little as 4 hours.

Website: www.lovey.com

Pollen Street Press Office:
FGS Global
Chris Sibbald / Anna Tabor
PollenStreetCapital-LON@fgsglobal.com

About Pollen Street:
Pollen Street is a fast-growing and high performing private capital asset manager. Established in 2013, the firm has built deep capability across the financial and business services sectors aligned with mega-trends shaping the future of the industry. Pollen Street manages over €9bn AUM across private equity and credit strategies on behalf of investors including leading public and corporate pension funds, insurance companies, sovereign wealth funds, endowments and foundations, asset managers, banks, and family offices from around the world. Pollen Street has a team of over 100 professionals.

www.pollenstreetgroup.com

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Technology

Baidu to Report Third Quarter 2026 Financial Results on November 16, 2026

Published

9 minutes ago

October 27, 2026

BEIJING, Oct. 27, 2026 /PRNewswire/ — Baidu, Inc. (Nasdaq: BIDU; HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)) (“Baidu” or the “Company”), a leading AI company with strong Internet foundation, today announced that it will report its financial results for the Third Quarter 2026 ended September 30, 2026, before the U.S. market opens on November 16, 2026. Baidu’s management will hold an earnings conference call at 7:30 AM on November 16, 2026, U.S. Eastern Time (8:30 PM on November 16, 2026, Beijing Time).

Please register in advance of the conference call using the link provided below. It will automatically direct you to the registration page of “Baidu Inc. Q3 2026 Earnings Conference Call”. Please follow the steps to enter your registration details, then click “Register”. Upon registering, you will then be provided with the dial-in number, the passcode, and your unique access PIN. This information will also be emailed to you as a calendar invite.

For pre-registration, please click:
https://s1.c-conf.com/diamondpass/10057872-oyt4z8.html

In the 10 minutes prior to the call start time, you may use the conference access information (including dial-in number(s), the passcode and unique access PIN) provided in the calendar invite that you have received following your pre-registration.

Additionally, a live and archived webcast of this conference call will be available at https://ir.baidu.com.

A replay of the conference call may be accessed by phone at the following number until November 24, 2026:
US: 1 855 883 1031
Replay PIN: 10057872

About Baidu

Founded in 2000, Baidu’s mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under “BIDU” and the HKEX under “9888.” One Baidu ADS represents eight Class A ordinary shares.

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SOURCE Baidu, Inc.

Technology

IBS Software’s iCargo to power Philippine Airlines Cargo Modernisation

Published

9 minutes ago

October 27, 2026

Airline to move from its current cargo system to a modern, cloud-based platform covering cargo sales, ground handling operations and revenue accounting

MANILA, Philippines, Oct. 27, 2026 /PRNewswire/ — IBS Software’s iCargo, a cloud-based platform bringing cargo sales, ground handling operations and accounting together, has been selected by Philippine Airlines (PAL) to replace its current cargo system. The implementation will extend iCargo’s capabilities across PAL’s domestic and international cargo operations.

As the leading AI-native product company in the travel technology sector, IBS Software will support PAL’s broader cargo transformation and modernisation programme with capabilities that support PAL’s full range of business functions, from commercial and operations to back-office accounting, while enabling further innovation and digitisation through a single, fully integrated cloud-based platform. iCargo will support cargo movements across PAL’s domestic and international operations, including international requirements such as customs reporting, duties and taxes settlement and regulatory compliance. iCargo already supports carriers with this same mix of demands, providing the flexibility, scale and capabilities to manage both.

The transition will enable PAL to address key operational requirements across its cargo operations, including system performance and data analytics. iCargo will provide modern capabilities to support faster shipment processing, greater reliability and end-to-end shipment visibility, while reducing manual intervention and enabling more efficient processes.

Beyond operational efficiency, these capabilities will help PAL Cargo bring its ‘Care that Delivers’ promise to life, giving customers greater confidence through improved shipment visibility, reliable service and a more seamless cargo experience. As cargo volumes continue to grow across its network, the new platform will also provide the technological foundation for continued innovation, operational excellence and long-term growth.

IBS Software’s proposal combined a strong technology fit with a proven track record of delivering successful cargo transformations for airlines worldwide. The selection of iCargo builds on an established relationship between Philippine Airlines and IBS Software, broadening the portfolio of IBS Software products used by PAL and reinforcing their shared commitment to long-term innovation and business growth.

“This initiative represents an important step in the modernisation of our cargo business,” said Jason Siy, Vice President for Cargo Business, Philippine Airlines. “As we grow across our domestic and international network, we need a system that increases visibility, improves operational efficiency and enables us to deliver a better experience for our customers. We see iCargo as a key enabler of our long-term cargo transformation strategy and of our ambition to build an even stronger cargo business for the future.”

“Philippine Airlines has a clear vision for the future of its cargo business, and we are proud to support that journey,” added Sunil George, Vice President & Region Head of Oceania, IBS Software. “This partnership is about more than implementing a new cargo platform. It is about working closely with PAL to build the digital foundation for future growth, innovation and operational excellence, and continuing a relationship we value deeply.”

For more information about IBS Software’s iCargo solution, visit: https://www.ibsplc.com/product/air-cargo-solutions/icargo.

About IBS Software

IBS Software is a leading travel technology company delivering AI-native travel intelligence that enables smarter, faster and more resilient decision-making, with built-in guardrails across aviation, cargo and logistics, and leisure and hospitality. It powers core capabilities for leading travel brands worldwide, spanning airline retailing, passenger services, loyalty, fleet, hub and crew operations, cargo management, and cloud-native platforms for hotels and cruise line operators, and operates from 17 offices globally.

Further information can be found at www.ibsplc.com. Follow us:
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About Philippine Airlines

Philippine Airlines (PAL) is the Philippines’ flag carrier and the country’s only full-service network airline. Founded in 1941, PAL is Asia’s first commercial airline and has played a vital role in connecting the Philippines to the world for 85 years.

PAL operates scheduled nonstop flights from its hubs in Manila and Cebu to 29 destinations across the Philippines and 40 destinations in Asia, North America, Australia, and the Middle East.

PAL is an APEX Four Star™ airline and was recognised by Cirium for achieving the highest on-time performance among Asia-Pacific carriers in 2025. In 2026, Philippine Airlines was officially invited to join the oneworld® Alliance.

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SOURCE IBS Software