From Tata Sons Chairman N Chandrasekaran stepping down to EV mobility service startup Yulu raising $93 million,YourStorybrings you today’s headlines with the latest developments across sectors. Tata Sons Chairman N Chandrasekaran has stepped down from his role and will not seek reappointment due to lack of unanimity from the board members on his continuation. Chandrasekaran was appointed the chairman of Tata Sons, the holding company of the $400-billion Tata Group, in February 2017. Ola Electric has secured a revised timeline under the Government’s Production Linked Incentive (PLI) scheme for advanced chemistry cells (ACC). The company secured a full five-year PLI window through calendar year 2031 and cumulative incentives of up to Rs 7,240 crore, the company said in a BSE filing. Electric mobility-as-a-service (MaaS) startup Yulu has raised $93 million in a Series C funding round. The total includes equity of $63 million, led by GEF Capital Partners, with the remaining $30 million raised via debt. According to Yulu, this is its largest funding round and it will use the capital to quadruple its active fleet to 200,000 electric vehicles (EVs) in the next two years, expand service hubs, and deepen strategic enterprise partnerships. Wippi has raised $1.2 million in seed funding led by 12 Flags, with participation from Warmup Ventures, Ventana Ventures and Ruvento Ventures. The Bengaluru-based children's technology startup will use the capital to develop its voice AI, expand engineering and AI teams, scale manufacturing in India and grow its direct-to-consumer business. Founded by Rishabh Singhi and Siddhartha Jain, Wippi builds screen-free, conversational products combining voice AI, Character Cards, illustrated storybooks and interactive storytelling. The company plans to expand its characters, languages and content, introduce collectible figurines and reach more than 15,000 families over the next 12 months. Tech-enabled driving education platform Lane has raised Rs 8.5 crore in a funding round led by Kae Capital, with participation from DeVC, Antler India, Panthera Peak and angel investors. Founded in 2025 by Samiksha Agarwal, Lane provides structured driving instruction and has delivered more than 30,000 hours of training to over 3,100 learners. Nearly 70% of its customers already held driving licences. The company will use the funding to expand its instructor network, develop sensor-based driving behaviour technology and build services supporting car ownership. Lane plans to expand across Bengaluru and other Tier 1 cities. Quarkitech, a deeptech company based at IIT Madras Research Park, has raised Rs 2 crore in pre-seed funding from Artha Access and Finvolve to develop proprietary data compression technology for defence, aerospace and other data-intensive applications. It has also received a Rs 1.5 crore grant under the National Quantum Mission. Its software compresses sensor data at source by 10-100 times, targeting radar, LiDAR, hyperspectral
