Tessolve, a Hero Electronix venture and a leading provider of semiconductor engineering solutions, is set to fully acquire Dream Chip Technologies, a semiconductor chip design firm headquartered in Germany, for a consideration of up to EUR 42.5 million.

This move Tessolve claims will elevate it to be among a select group of design firms worldwide capable of delivering turnkey design solutions for complex cutting-edge chips. The acquisition will enable it to provide advanced capabilities in terms of System on Chip (SoC) designs for the Artificial Intelligence (AI), automotive, data centre, and industrial markets.

Furthermore, Tessolve will also strengthen its footprint in Europe by adding four delivery locations across Germany and Netherlands, including a specialised ADAS (Advanced Driver Assistance Systems) and imaging centre-of-excellence lab.

Srini Chinamilli, Co-Founder & CEO, Tessolve, said, “This acquisition solidifies our position as a top tier semiconductor engineering firm globally with unmatched design to productisation capabilities. Dream Chip’s capabilities further strengthen our ability to take on leading edge ASIC design projects and greatly enhances our European footprint.”

Dream Chip Technologies is said to be one of the leading semiconductor design service companies in Germany, particularly for its expertise in complex digital designs.

Jens Benndorf, CEO, Dream Chip Technologies, said, "We are excited to join forces with Tessolve and bring our expertise in digital chip design and embedded software to a global platform. By combining our design capabilities and IP with Tessolve’s established semiconductor services and embedded solutions, we can offer our customers a truly end-to-end solution from chip architecture to post-silicon test and supply chain management for their most complex designs. Together, we will push the boundaries of innovation in automotive and enterprise designs, particularly in camera-based systems and AI-driven ASIC applications."

Ujjwal Munjal, Chairman, Tessolve, added, “Over the past few years, Tessolve has demonstrated impressive growth and resilience. With the synergy brought by Dream Chip Technologies, I am confident that Tessolve is poised to become a world leader in this space with unparalleled capabilities. As major companies increasingly shift towards custom chip design, this acquisition positions Tessolve more strongly than ever to meet the growing demands of the custom chip market.”

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Kazam, an electric vehicle (EV) charging and energy-management platform, has reported revenue of INR 400 million for FY2025, which it claimed is a 3.5-fold increase YoY.

Furthermore, Kazam expects to reach an annual revenue run-rate of INR 1 billion for Q4 CY2025.

At present, the platform has integrated more than 120,000 chargers and facilitated over 7 million charging sessions. Over the last 6 months, charger integrations rose by 76 percent, while energy sessions increased by 60 percent.

The platform manages over 9,000 MWh of energy transactions monthly, supporting more than 100 charger brands. Kazam's network covers residential societies, workplaces, fleet depots, bus operations and public charging networks.

Currently, Kazam has established partnerships with 14 major brands such as Maruti Suzuki India, as well as energy providers like ONGC and regional distribution companies (DISCOMs). Its infrastructure footprint includes 150 residential associations across Delhi, Bengaluru, Hyderabad and Pune, along with 45 bus depots.

Akshay Shekhar, Co-Founder & CEO, Kazam, said, “India’s EV transition is entering a new phase, from just creating charging availability to building a reliable, intelligent, and interoperable energy layer that the entire industry can depend on. That is the market we have been building. Our growth this year reflects the trust that OEMs, fleets, DISCOMs, and CPOs are placing in a unified, device-agnostic platform that can scale across vehicle categories and geographies. As electrification accelerates, our focus is on enabling India’s EV ecosystem to move from fragmented experiences to a seamless, grid-aware infrastructure that can support millions of daily energy transactions.”

Ram Balasubramanian, CFO, Kazam, said, “India is moving from the ‘availability phase’ of EV infrastructure to the ‘reliability and optimisation phase,’ and Kazam’s growth this year shows we’re creating industry standards along with profit benchmarks. With increasing platform throughput and sustained cost optimisation, we are on track to achieve a INR 1 billion annual run-rate and profitability by early 2026”.

The company has raised USD 19.2 million to date, including a Series B round completed in June 2025. These funds are being used for research and development, geographic expansion into Tier 2 and Tier 3 cities and the development of energy services such as demand response and peer-to-peer energy sharing. The platform provides tools for both individual home charging and enterprise-level fleet management to create a unified energy layer that functions independently of specific hardware manufacturers.

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Hyundai Motor India (HMIL) has announced that its popular SUV the Creta has surpassed 200,000 units sales in CY2025.

This figure represents the highest annual sales volume for the vehicle since its introduction. This translates to an average of 550 units sold per day, maintaining the model's position in the mid-size SUV segment with a market share exceeding 34 percent.

Marking a decade on Indian roads, the SUV achieved a compound annual growth rate (CAGR) of over 9 percent between 2016 and 2025. Hyundai Motor India stated that its internal data reveals a shift in buyer demographics, with first-time buyers increasing from 13 percent in 2020 to 32 percent in 2025. Product trends within the range show that variants equipped with a sunroof accounted for over 70 percent of sales in 2025, while diesel powertrains maintained a 44 percent share of total volume.

At present, the Creta can be had with a 1.5-litre petrol, 1.5-litre diesel and 1.5-litre turbo petrol engines, as well as an electric (EV) variant. Transmission choices include manual, IVT, automatic and DCT. The model remains the highest-selling mid-size SUV in the country on a cumulative basis for the period between 2020 and 2025.

Tarun Garg, Managing Director & CEO designate, Hyundai Motor India, said “Hyundai Creta journey in India is nothing short of extraordinary and achieving highest-ever annual sales of more than 2 lakhs units is a proud and defining moment for all of us at Hyundai. It is also the highest selling SUV of our country on a cumulative basis from 2020-2025. Infact, over the past 10 years of its journey in India, Creta’s customer base has grown manifold, transforming it from a capable SUV into a trusted companion for every journey. The brand’s momentum also reflects in the rise of first-time buyers - from 13 percent in 2020 to an impressive 32 percent in 2025. Aspirations of Creta customers have also evolved over the years, with sunroof-equipped variants contributing more than 70 percent of Creta’s sales in 2025. In addition, the diesel powertrain contributes a strong 44 percent share to Creta sales. We are deeply grateful to our customers and dealer partners for making Creta a symbol of Hyundai’s trust, innovation and commitment.”

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MapmyIndia Mappls has expanded its Mappls App by integrating multimodal public transport routes. The update allows users to access information for metro, rail and bus services within the application.

The feature enables the 40 million users of the platform to view stations, stops and interchange options. The service is currently available in cities including Delhi, Mumbai, Bengaluru, Chennai, Hyderabad and Kolkata, among others. The update is live on iOS and web platforms, with an Android release scheduled to follow.

The public transport data joins existing app features such as turn-by-turn navigation, traffic updates and safety alerts. By combining private and public transport data, the company aims to assist in journey planning and support mass transit adoption to manage urban congestion.

As an indigenous platform, MapmyIndia aligns its mapping data with government guidelines regarding international borders and sensitive establishments. The government sector currently accounts for 20 percent of the company's gross revenue.

Rakesh Verma, Co-Founder, Chairman & Managing Director, MapmyIndia Mappls, said, “The launch of multimodal public transport routes on the Mappls App is a direct outcome of listening to our users. We want the Mappls App to be more inclusive and accessible for every citizen. We are pleased to begin rolling out this feature across select cities and will continue expanding coverage to make public transport more convenient for millions of Indians. As a fully indigenous platform built in India for India, Mappls remains committed to supporting sustainable urban mobility by seamlessly integrating public transport into everyday navigation.”

The company plans to expand the coverage of this feature to additional cities to further integrate public transport into its navigation ecosystem.

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Israel-headquartered REE Automotive has signed a non-binding Memorandum of Understanding (MOU) with Cascadia Motion, a subsidiary of BorgWarner Inc., to develop and manufacture a next-generation electric drive unit (EDU).

The partnership focuses on integrating Cascadia Motion’s iM-125 motor and inverter with REEcorner technology. The resulting EDU is intended for global original equipment manufacturer (OEM) electrification programmes, providing a modular solution for software-defined vehicles (SDVs).

The proposed EDU is designed to support ASIL-D functional safety standards and features a zonal architecture. This system uses centralised control units to replace legacy domain systems, reducing wiring and enabling over-the-air (OTA) updates.

Technical Specifications (at Gearbox Output):

• Motor Type: Permanent Magnet
• Peak Torque (30s): 3000 Nm
• Peak Power: 100 kW
• Gear Ratio: 19.17
• Weight: 54 kg
• Cooling: Water-Glycol

REE plans to grant Cascadia Motion access to its existing assembly lines, tooling and supplier networks to facilitate production. The companies also intend to evaluate market demand for complete SDV solutions, including standalone REEcorner units and chassis control software.

The collaboration occurs as industry research suggests the global EDU market will grow at a compound annual growth rate (CAGR) of 9 percent between 2025 and 2035. The move is aimed at helping OEMs reduce development cycles for electric vehicles through ready-to-integrate hardware.

Joseph McHenry, General Manager, BorgWarner Portland, said, “Integrating Cascadia Motion’s iM 125 drive unit with REEcorner technology bolsters our portfolio of off-the-shelf electric drive solutions, providing our customers with even more flexibility in their electrification programs. This collaboration reflects our commitment to delivering innovative, ready-to-integrate drive units that help OEMs reduce development time and streamline vehicle launch.”

Daniel Barel, CEO and Co-Founder, REE Automotive, said, “We believe that this MoU with Cascadia Motions represents a natural progression of our three-year collaboration and reinforces our mission to accelerate the industry’s transition to software-defined, by-wire mobility. We believe this collaboration positions us to meet global demand at scale while laying the groundwork for next-generation, fully by-wire solutions.”

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