/
•
•
The ride-hailing company is using the pricey S1 electric two-wheelers as bike taxis in a move that probably benefits its IPO-bound former subsidiary more than itself.


Shared rides seemed tailor-made for India’s congested cities. Yet, economics, trust and regulation kept the idea from scaling.
The company’s two-wheeler sales are evaporating. But its founder is reframing it as a necessary step to achieve profitability. All while trying to pivot towards becoming a company that sells lithium-ion cells instead of automobiles.
Subjects expected to dominate our conversation in the new year and some reflection on things that happened in 2025, now that it is almost behind us.