NewsBite analysis · AI, Business, Startups
The Economic Times
Sarvam raises $75 million; Ather trims losses in Q1
Sarvam, a rising AI startup, is advancing its fundraising efforts aiming for $75 million as part of a significant $300-310 million total round that includes major investors like Nvidia and Glade Brook. In contrast, Ather Energy has successfully reduced its losses in Q1, attributing the improvement to robust demand for electric scooters, although it indicates production constraints due to the demand surge. This highlights a vibrant investment climate in the tech and mobility sectors.
MonitorConfidence: HighImmediate horizon
Published 3 Aug 2026, 14:30 UTC5 min read
Visit original article ↗Lead image — The Economic Times
Summary
TL;DR
- Sarvam is set to raise $75 million as part of a $300 million funding round.
- Major investors include Nvidia and Glade Brook.
- Ather Energy's net loss narrowed to Rs 51.1 crore from Rs 178.2 crore.
- Strong demand for Ather's scooters may outpace current production capacity.
- Mobikwik reports third consecutive quarterly profit, emphasizing improved margins.
Interesting facts
- Sarvam plans to compete with leading AI models like Google's Gemini and OpenAI's ChatGPT.
- Despite its losses, Ather's demand for scooters suggests potential for future profitability.