Archive: July 28, 2022

The well-known ‘Gangwal Group’ makes a sizeable investment in Woolah, World’s First Bagless Teadips

Mumbai, July 23rd, 2022: The ‘Gangwal Group’, a progressive and innovative business group, has always been supportive of novel concepts. Consequently, it has aided one such ingenious brand, called Woolah, whose pursuit is to create the happiest tea brand through its impeccable value chain.

Contributing to the future of tea bags, the Gangwal Group has made a sizeable investment to help ensure its continued success and to spread awareness of the company’s commitment to sustainability and innovation. Woolah, founded by Upamanyu Borkakoty, has procured assistance from the Gangwal Group, boosting its total yield to 9.6 crores. With this, Woolah will be well on its way to becoming the first bagless tea brand in the world to be patented by the Government of India.

The Gangwal Group, with a clear vision and strong foundation, has a diverse product portfolio and is well-known across all cities in India. With this commendable initiative, they hope to aid in complementing the health and wellness needs of every consumer. The brand was established with the aim to make available the best specialty ingredients from all over the world. Their wide range of products makes them a ‘one-stop shop’ for all of one’s ingredient needs. By investing in a fresh sustainable brand worldwide, they are further taking off the ground with an innovative and truest form of natural tea consumption. The Gangwal Group aspires to provide a “comprehensive health solution” and thus, penetrate many health-specific areas. This move made by the brand traces its commitment to providing a better and plastic-free way to brew an exotic true dip, which in turn has a bearing on the significance of healthy absorption.

Shedding light on investing in a new brand, Anil Jain, owner of the Gangwal Group, said, “We’ve taken this step to cater to the health-conscious needs of all our consumers. We hope that with this innovative step, we can spread the word about how vital it is to use plastic-free true dips in one’s daily intake rather than those containing microplastics. We want to make people aware that what they consume shouldn’t be compromised simply because it’s convenient. Streamlining our efforts to support revolutionary products, we aim to ensure natural flavorful habits. The shift has only just begun, and we intend to completely revolutionize with additional innovations in the coming years”.

Infusing AI Across Enterprise; CEO’s Role…

By Jagannadh Kanumuri, President & CEO, ACI Infotech

CEOs often comprehend their role in establishing a strategic vision for the company to develop, deploy, and manage AI applications with speed and efficiency. They frequently acknowledge their involvement in providing strategic push around the culture changes, mentality adjustments, and domain-based approach necessary to scale AI. Understanding the value at stake and what is attainable with the correct technologies and processes is the first step in playing this active role.

Significant advancements have accelerated the life cycle of an AI application in AI tooling and technologies in recent years, enabling consistent and dependable scaling of AI across business domains. With the help of a best-in-class framework for working methods known as MLOps (short for “machine learning operations”), enterprises may now benefit from these advancements and establish a standardized, internal AI “factory” that can grow.

Artificial intelligence (AI) refers to human-like intelligence demonstrated by machines such as robots, bots, computers, gadgets, and sundry digital devices. Whether it is text-to-speech conversion, deep learning, machine learning (ML), computer vision, or neuro-linguistic programming (NLP), AI has opened up several tech doors for businesses that were previously closed.

When a business chooses to adopt AI, it does well by embedding or ingraining it in all its processes, products, services, projects, resources, people, functions, and more. While the operations team does well in executing AI in (ideally) every single business instance, it’s the role of the CEOs to drive the adoption and usage of AI across the enterprise in a strategic manner. We look at how CEOs can and should infuse AI across the enterprise and inside its work culture to facilitate scalability.

The Immediate Impact Of Enterprise-Wide AI Interventions 

Organic growth is obtained when a business’s AI approach and technology function aligns well with its overall mission, vision, an. Of course, the two phenomena are interrelated, and we are mentioning them separately to drive home the point that good AI strategy and execution benefit any organization in a 360-degree, end-to-end manner.

Indeed, AI is a transformational technology that acts as a change agent in addition to boosting the morale and the work efficiency of the employees. Your customers, clientele, and consumers, too, benefit from your strategic, organization-wide adoption and usage of the technology.

Automation and ML are two of the essential components of AI. AI readily comes into the picture when a service is delivered to the customer, an employee runs a process at the workplace, or a product is innovated at the R&D center. It helps standardize mundane process steps and helps the business achieve economies of scale over the long term by eliminating the need to start a process or initiative every single time from scratch.

If organizations feel obliged to start business proceedings from scratch on multiple fronts, they lose out on gaining the real competitive advantage that AI offers. Instead, this not-so-wise approach increases business risk, as also the level of inefficiency.

How CEOs Can Transform Organizational Approach To AI 

How AI contributes to the top-line and the bottom-line of the business makes for a matter of utmost interest to a CEO. How AI impacts customer experience and creates customer delight also forms a matter of core importance.

As mentioned before, using AI appropriately helps businesses scale up quickly, and this impact is also visible in the P&L statements of the business. The first quarter could yield up to a 5% hike, which increases to 10% in the second quarter, 15% in the third quarter, and a significant 20% by the end of the year. These are roughly estimated growth figures, and meeting them depends on how wisely an enterprise leverages its AI infrastructure.

To conclude, executive leaders need to understand that AI has become a hygiene business factor, up from a good-to-have capability in the last decade. Once they understand this critical bit, they need to allow AI to be trickled down to reach each employee, customer, consumer, partner, and more.

The executive leader’s role, by far, looks the most important one as far as implementing and infusing AI is concerned in the context of the modern era. CEOs need to include AI and technology in their vision and communicate the same to every stakeholder from time to time. AI as a technology, for sure, is bound to see massive updates, upgrades, innovation efforts, and more soon.

ATS ELGi announces manufacturing agreement with VTEQ, Spain

Bengaluru, July 28, 2022: ATS ELGI, a wholly-owned subsidiary of Elgi Equipments Limited and India’s largest garage equipment manufacturer, announced its manufacturing agreement with VTEQ, a global leader in vehicle testing equipment based out of Spain. With this partnership, ATS ELGI will set up a world-class 7500 square feet manufacturing facility to manufacture previously imported vehicle testing equipment for the Indian market at competitive prices. The equipment spans brake, suspension, slip, and speedo testers, axle play detectors, and steering gear play.

Commenting on the partnership, Praveen Tiwari, Managing Director, ATS ELGI Ltd., said, “We are excited to embark on this new journey with VTEQ. We have been maintaining VTEQ vehicle testing equipment in India for Government-run testing centers for over five years as a natural extension of our association with them. For several years, all of these products were imported into the country. With this breakthrough agreement, we will now manufacture proven products in the country and offer them to customers at affordable prices. In addition, ATS ELGi’s widespread sales and service network will ensure customers have access to faster procurement of equipment, high uptime, and quick response rates for addressing maintenance and spare parts requirements.”

“India was the fifth-largest car market in 2020, and the country’s automotive sector, including components, is expected to be worth INR 16.1-18.1 trillion by 2026*. We’re also witnessing the Indian government introducing key initiatives – the Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME), the National Automotive Testing and R&D Infrastructure Project (NATRIP), and the Bharat Stage (BS) VI standards to promote the country’s automobile production and testing. Over the next five years, we expect over 200 testing centers will be set up in the country. We are looking forward to our partnership with VTEQ, which will provide us with an excellent growth opportunity,” added Dr. Jairam Varadaraj, Managing Director, Elgi Equipments Ltd.

ATS ELGI, a wholly owned subsidiary of Elgi Equipments Limited, is the largest manufacturer and distributor of Automotive Service Equipment in India and offers the broadest range of garage equipment in the country.

*Source – https://www.ibef.org/blogs/high-speed-track-for-automobile-testing-in-india

Omega Seiki Mobility and Log9 unveil their new flagship product Rage+ RapidEV Pro, instacharged by a new 7.7kWh battery

July 28th 2022, New Delhi: EV-maker Omega Seiki Mobility and Bengaluru-headquartered advanced battery-tech and deep-tech start-up Log9 Materials, has today unveiled a jointly-developed, upgraded, longer-range version of Rage+ electric 3-wheeler named ‘Rage+ RapidEV Pro’, which comes equipped with Log9’s 7.7 KWh battery, the RapidX 8000. The Rage+ RapidEV Pro InstaCharged by Log9, has been made available in 2 variants vis-à-vis the cargo body volume – the 140 cubic ft. and 170 cubic ft. variant.

Integrated with Log9’s cutting-edge InstaCharge battery technology, this e-3W vehicle platform, dedicatedly designed for the country’s e-commerce logistics segment, gets fully charged (from 0 to 100%) in 45 minutes, and provides up to 95 kms. range, can deliver longer distance on a single charge, and operate across very wide temperatures ranging from -40 degree to 60 degree Celsius. Further, made to suit Indian climatic conditions, the vehicle also comes with a warranty of 6 years or unlimited kms and offers a battery life of over 10,000 cycles. In a bid to increase the efficiency and productive use of the vehicle fleets, Log9 and OSM have also tied-up with fleet operators like MoEVing in Delhi and LetsTransport in Bengaluru. The introduction of Rage+ RapidEV Pro was attended in the presence of the representatives from both MoEVing and LetsTransport.

In November 2021, OSM and Log9 jointly launched a revolutionary vehicle Rage+ RapidEV – which had been integrated with Log9’s 5.8 KWh battery. The vehicle has till date received much appreciation from the industry. After the success of OSM Rage+ RapidEV, OSM and Log9 yet again created another vehicle Rage+ Rapid EV Pro, which will allow the companies to make even greater strides in the last-mile delivery vehicles segment where it is already a market leader. The newly-unveiled vehicle will seamlessly tap into the varied logistics and delivery requirements of the nation’s e-commerce space.

Speaking on the unveiling of the vehicle, Kartik Hajela, Co-Founder & COO, Log9 Materials said, “We are happy and glad to further our collaboration with Omega Seiki Mobility through the roll-out of Rage+ Pro InstaCharged by Log9’s RapidX batteries, aiming to move a notch-up higher in providing Power, Performance and Peace of Mind to our growing pool of e-commerce fleet operator customers. Given the enhanced range that our powerful, longer-lasting battery offers to the vehicle, the Rage+ RapidEV Pro will redefine TCO for a typical 3W used for the ecommerce industry, thus making the value proposition even more lucrative for customers. With e-commerce off late spreading its influence into new markets such as tier 2 where the charging infra is scarcely and rarely available, vehicles such as the Rage+ Pro that are able to run long distances on a single charge will be key enablers for faster adoption of EVs. Additionally, taking into consideration the scope of opportunity charging enabled by Log9 batteries, the customers/vehicle owners will now be able to enhance their asset utilization to up to 1.5 times as that of conventional electric 3Ws.”

Alongside the advanced battery tech, the Rage+ Rapid EV Pro also comes equipped with some major upgrades on the reliability and robustness aspects of the vehicle, thus ensuring lower maintenance costs over the long-term for the customers. As a part of this collaboration, going forward, Omega Seiki Mobility and Log9 will be endeavouring to deploy over 5000 units of Rage+ RapidEV Pro vehicles by FY 2022-23. These deployments will start from New Delhi and Bengaluru, and thereafter various other cities will be targeted and tapped into.

Mr. Uday Narang, Founder and Chairman, Omega Seiki Mobility said, “OSM has always believed in constant innovation and is always working to make the product portfolio a step ahead of the competition. We continue to expand our partnership with Log9 to further amplify our efforts to co-create class leading affordable and sustainable last-mile solutions.”

“We have an order book of 50,000 plus cargo electric three wheelers. We are aggressively expanding our operations with the launch of new facilities and products. Our aim is to change the face of mobility in the country; and to that end, the showcase of revolutionary Rage+ Rapid EV Pro is a proud moment for us. Our plans for the future is to create fast charging solutions for our upcoming trucks and tractors.” Added Mr. Narang

Rage+ Rapid EV Pro was today flagged off in Bengaluru and Delhi in collaboration with leading fleet operators LetsTransport and MoeVing respectively. In line with the key USP of the product, both the fleet operators will be deploying the vehicles across the ecommerce segment.

Commenting on the unveiling of the vehicle, Mr. Vikas Mishra, Founder & CEO, MoEVing adds, “Well designed electric vehicles with high-quality batteries are extremely important for the EV sector. Our platform’s holistic solutions to accelerate EV adoption, with data being at the centre of our strategy, has us working with leading ecosystem players like Log9 and OSM to ensure that our goal of sustainable mobility and sustainable livelihood for drivers is accomplished. We at MoEVing are now excited to be part of the unveil of Rage+ RapidEV Pro vehicle.”

Further, Mr. Pushkar Singh, CEO, Lets Transport adds, “We are working with our customers to build cleaner and sustainable logistics solutions. With low operational and maintenance costs, we are seeing EVs play a pivotal role in intra-city and last-mile logistics. Our emphasis is on strengthening the EV ecosystem by enabling financing of EVs, partnering with different CPOs and CSO, as well as enabling a marketplace for the resale of EVs in the near future. We are excited to partner with Log9 and OSM, and look forward to deploying up to 1000 Electric Vehicles within the next 12-18 months across 7 major cities – Delhi-NCR, Bangalore, Hyderabad, Mumbai, Pune, Jaipur, and Ahmedabad. Along with SUN Mobility, we aim to jointly provide customizable, integrated logistics solutions to our E-commerce, Retail, FMCG, 3PL & other Enterprise clients”.

Notably, Log9 has leveraged its cell-to-pack competency to develop its RapidX batteries that provide 9x faster charging, 9x better performance, and 9x battery life. Log9’s InstaCharge technology brings down the total charging time which further optimizes the utilization of charging infrastructure and operational profitability for fleets. In addition, Log9’s RapidX batteries come with the longest battery life, thereby providing a seamless experience and entirely revolutionizing the last-mile logistics sector.

On the other hand, Omega Seiki Mobility believes in creating sustainable mobility solutions with an integrated approach of connecting Automobiles and the Society. The brand’s focus is to eventually create a clean ecosystem with eco-friendly, safe and congestion free mobility. OSM is one of India’s leading clean energy incubators and has become synonymous with India’s sustainability success. The EV manufacturing company aims to fast-track future mobility, with green energy at its core, by implementing data-driven, smart engineering. Omega Seiki Mobility is the first OEM to have 2, 3 and 4 wheelers in its product portfolio; the company is currently running its fleet in 20 cities, registering over 10 lakh kms. a month.

Roadies continues its journey with Fully Faltoo NFT, announces ‘Roadies Moto’ edition NFTs for its fans

Mumbai, India; 28th July, 2022: Gaining immense popularity with its successful first drop of culturally driven digital artwork, Viacom18’s Youth, Music, and English Entertainment cluster’s NFT marketplace www.fullyfaltoonft.com received an overwhelming response and carved out a niche for itself with NFT collectors. Riding on the momentum of its previous success and to further emphasize the significance of digital artwork, Fully Faltoo will witness the entry of Roadies into the world of Metaverse with its first-ever genre-defining ‘Roadies Moto’ edition NFTs for all Roadies, bikers, and NFT enthusiasts. Conceptualized and created in-house, digital artwork from the ‘Roadies Moto’ edition is all set to go live on www.Fullyfaltoonft.com on 29th July, 2022 at 6:00 PM.

Giving all bike and NFT enthusiasts an opportunity to claim ownership over edgy and unique digital art pieces inspired by Roadies, India’s longest-running youth adventure reality show, the drop will consist of 4453 collectibles offering an additional utility value to gratify and create innovative experiences for all NFT owners. The artworks will be available to purchase globally across two categories Loot and Rare. The Roadies Rowdy’s Loot category comprising of 4444 freshly-minted NFTs will allow digital art patrons to bid for interesting digital collectibles such as ‘Chomeheads Helmet FTW’, ‘Stunt Squad A’, and ‘SECOND SKIN JACKET’ starting at an affordable price of $10 which they will get to own based on a random allocation upon purchase. Top 10 buyers of the Roadies Rowdy’s Loot NFT with the maximum number of Loot NFTs purchased will receive 1 VVIP couple access pass for the on-ground launch event of Roadies Season 19. The leaderboard with artwork count will be posted once the 4444 Loot NFTs are sold out.

The LOST-DIMENSION rare collection comprising of 9 static and animated artwork will be available to bid for at a reserve price of $99 with many unique art pieces like ‘THE ROADIE-TRIPPER’S KALEIDOSCOPE’, ‘CYBERPUNK 2200: THE LAST GREAT HOPE’, ‘Wander Women’, to name a few. In addition to owning the digital artworks, each LOST-DIMENSION Rare NFT owner will get an all-exclusive MTV Roadies S18’s host’s costume kit worth more than INR 50,000 each. The kit will comprise of jackets, sweatshirts, denim, and sneakers worn by the host. Owners of the rare collection will win the collectible at the end of a seven-day bidding period, i.e., on 5th August, 2022 at 6:00 PM. To celebrate the transition from television to NFT verse, MTV will turn its onscreen logo into an 8-bit format marking the start of the new Journey for Roadies.

On launching the Roadies Moto Edition, Anshul Ailawadi, Head of Viacom18’s Youth, Music, and English Entertainment Cluster, said, “As India’s longest-running youth-centric show, Roadies has evolved into a pop-culture phenomenon in the country. Having stayed ahead of the curve with emerging trends, Fully Faltoo, through Roadies will continue its journey in the Web3.0 space. The edgy and quirky collectibles from ‘Roadies Moto’ edition will offer exceptional utility value to fans across India and continue to the Roadies fandom in the virtual world.”

Earlier this year, Tulsea facilitated the partnership between Guardian Link and Viacom18, for Fully Faltoo NFT marketplace’s first drop comprising 3013 digital artworks, which resulted in a total sell-out within 36 hours of going live.

Expanding its horizon, the addition of ‘Roadies Moto’ edition will further leverage Roadies’ fandom across the country and globe. Visit www.fullyfaltoonft.com to grab creative digital collectibles inspired by Roadies, starting 29th July, 2022. The Roadies Moto edition thereafter would be listed on Open sea, the world’s first and largest web3.0 marketplace for NFTs and crypto collectibles.

Promo Links:
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Fully Faltoo Channel: https://youtu.be/FnZ4U53jP9I

MTV India Channel: https://youtu.be/fsMoW-W–OM