9, Aug 2024
Chai Sutta Bar expands to Hyderabad with the opening of its new outlet
Hyderabad, 9th August 2024 – Chai Sutta Bar, one of India’s largest and most beloved tea chains announces the launch of its new outlet in Hyderabad, located at Building bearing Municipal No. 17-1-382/R/9/2 , RTC Colony, Saidabad, K V Ranga Reddy District, Champapet Hyderabad- 500 035, this new outlet is set to bring the rich flavours of Indian chai to the city of pearls, Hyderabad, offering residents and visitors a cozy, inviting atmosphere to enjoy their favourite tea blends with a great company.

Founded by Anubhav Dubey and Anand Nayak in 2016, Chai Sutta Bar has rapidly grown into a global sensation, captivating tea enthusiasts with its unique concept, authentic tea experiences, and welcoming environment. The brand has become synonymous with a modern approach to India’s beloved beverage, chai, and has emerged as a favourite destination for the youth and tea lovers alike.
Anubhav Dubey, Co-Founder and CEO of Chai Sutta Bar expressed his excitement about the expansion into Hyderabad, stating, “The launch of our new Hyderabad outlet marks an overwhelming journey to share the joy of chai with the Biryani lovers twice. We are thrilled to bring Chai Sutta Bar to this vibrant city and are confident that our unique tea blends and warm ambiance will resonate with the people of Hyderabad as it worked earlier. We believe that tea has the power to transcend cultural boundaries and bring people together.”
Anand Nayak, Co-Founder of Chai Sutta Bar, added, ” We are pleased to announce that we have opened a brand new outlet in the city of Pearls. With its impressive architecture, fascinating history, family fun, and food paradise, Chai Sutta Bar has inaugurated its outlet in the city to give Chai lovers an opportunity to savour the City’s iconic tea in a comfortable space.’’
Rahul Patidar, Director of Chai Sutta Bar says, “Opening a new tea outlet in Hyderabad is a promising venture, given the city’s vibrant culture and growing demand for unique dining experiences. Chai Sutta Bar welcomes all the youth professionals and students of every age to explore this fascinating spot and enjoy its vibe.
With a presence in over 320 cities across India, Chai Sutta Bar serves an impressive 4.5 lakh kulhad teas daily and boasts a turnover of over 150 crores. The brand’s success is a testament to the exceptional experience it offers to its customers and its dedication to becoming a prominent player in the global cafe scene.
Chai Sutta Bar emphasises its commitment to promoting a healthy lifestyle and does not endorse the use of harmful substances despite its suggestive name. The brand collaborates closely with local authorities to positively impact the communities it serves. In line with its sustainability initiatives, Chai Sutta Bar creates employment opportunities for local communities and supports nearly 500 potter families by serving tea in traditional kulhad cups.
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- By Rabindra
9, Aug 2024
JHS Svendgaard Secures INR 30 Crore Funding for Strategic Expansion
9th August, 2024, New Delhi:
JHS Svendgaard Laboratories Limited has secured INR 30 Crore (approximately USD 3.66 million) in funding to support its expansion initiatives, marking a significant milestone in the company’s growth trajectory. This capital injection, led by the promoters of the Dabur Group, alongside contributions from Nikhil Nanda, Managing Director of JHS Svendgaard Laboratories, and Coeus Global Opportunities Fund, will facilitate the company’s strategic expansion plans.
Notably, M/s Puran Associates, M/s Milky Investment, M/s M. B. Finmart, and M/s VIC Enterprises are owned by Dr. Anand Chand Burman, Mrs. Minnie Burman, and Mr. Mohit Burman, prominent promoters of the Dabur Group, have demonstrated their confidence in JHS’s strategic vision by contributing to this investment.
The funds will be utilized for setting up a greenfield project in Jammu and Kashmir under the J&K Industrial Policy, which offers fiscal benefits for up to 10 years. The project, estimated at ₹120 Crore, will expand JHS’s product categories to include Oral Care, Soap, and Juices/Aerated Beverages, aiming to generate additional business of ₹500 Crore.
JHS is also focusing on expanding into Horeca, institutional, and export markets through white labeling and market penetration. Commenting on the announcement, Mr. Nikhil Nanda, Managing Director of JHS Svendgaard Laboratories, said, “This investment marks a significant milestone for our company. The confidence shown by key investors underscores our strategic vision and potential. The funds raised will enable us to expand our product portfolio and enhance our market presence, driving significant profitability and growth in the coming years.”
JHS holds a strong order book for FY 2024-25, including orders from market leaders such as Dabur, HUL, and Patanjali. The greenfield project in Jammu will be financed through 50% equity and internal accruals, with the remainder covered by debt. Construction begins in September 2024, targeting a completion date within 15-18 months and operational start by January 2026.
Established in 2004 and listed on the BSE and NSE, JHS, a leading player in the oral hygiene product manufacturing sector, operates a state-of-the-art oral care manufacturing campus across 20 acres in Kala-Amb, Himachal Pradesh. The facility is ISO 9001, GMP, FDA, and SMETA certified. With expansions at its Himachal Pradesh facility and new initiatives in Jammu, JHS aims to enhance EBITDA margins to double digits, leveraging fiscal advantages to go upto 20% profitability in J&K.
9, Aug 2024
Fintech Convergence Council Applauds Monetary Policy Committee’s New Transparency and Consumer Protection Measures
National, August 8, 2024 – The Fintech Convergence Council (FCC) welcomes the announcements made today by the Monetary Policy Committee (MPC) through its statement on Developmental and Regulatory Policies. The announcements mark a pivotal moment in the evolution of the financial landscape and FCC acknowledges the significant positive impact they will have on the growth of the industry.
With a view to enhance transparency in the lending lifecycle, the Reserve Bank of India (RBI) has mandated that credit institutions report the borrower’s credit information to the Credit Information Companies (CIC) biweekly instead of monthly. This will help provide lenders with a more updated picture of borrowers’ indebtedness and enhance risk assessment processes.
The FCC has been advocating with the RBI, through representations and meetings, to enable such shorter reporting timelines by the CICs. We believe this change will significantly improve the accuracy of credit assessments and contribute to a healthier financial ecosystem.
In addition to this, with a view to enhance transparency and protect consumers, the RBI has announced the creation of a Public Repository of Digital Lending Apps linked to regulated entities. This repository will be based on data submitted by these entities, enabling customers to verify the legitimacy of digital lending apps and avoid falling victim to their fraudulent claims.
The FCC has long been an advocate for greater transparency in the fintech sector. We have been actively promoting within the fintech and EmTech ecosystem the importance of registering for this repository, to ensure the highest standards of integrity and consumer protection.
Mr. Harshvardhan Lunia, Chair, Fintech Convergence Council and Founder CEO, LendingKart said, “We commend this development as a significant step towards enhancing transparency and safeguarding consumers which is expected to ensure operational excellence in the industry. Through the Fintech Convergence Council, we have consistently promoted transparency and integrity, and this will provide greater access for consumers to protect themselves from any illegitimate and fraudulent activities in the digital lending ecosystem.”
FCC believes these initiatives not only strengthen the framework for fintech operations but also foster an environment of trust and security in the sector. The Fintech Convergence Council remains committed to supporting these advancements and looks forward to contributing to the growth of India’s fintech ecosystem
9, Aug 2024
greytHR Secures Its Largest Investment in Series F Funding from Apax Digital Funds
greytHR, a full-suite HRMS provider, announced that it has secured its largest investment, in the Series F funding round, from Apax Digital Fund II (“the Apax Digital Funds”), advised by Apax, a leading global private equity advisory firm. The company will use the funds to leverage the significant growth opportunities in the cloud-based HR software market.
greytHR offers 40+ tools for automating HR, payroll, leave & attendance, and performance management, along with an employee self-service portal and mobile app. Serving over 23,000 customers in 25+ countries, it is a comprehensive HR ecosystem featuring HR professionals, experts, and chartered accountants. greytHR’s customer-centric services include a community, training academy, compliance website, resources, webinars, and an award-winning podcast series.
“We’re excited to welcome Apax as part of our growth journey, marking a significant milestone for greytHR. This substantial investment will enable us to further enhance our product portfolio by adding more strategic HR modules focused on recruitment and talent management. We also plan to accelerate growth and expansion into new customer segments, cementing our position as a market leader. We look forward to further accelerating our growth with the backing of Apax and our continuing shareholders Info Edge and GMO. Greytip wouldn’t be where it is today without the support of our customers, resellers, affiliates, and the entire greytHR community. We thank them for their support and confidence in us,” said Girish Rowjee, Co-founder & CEO of greytHR.
“This funding provides a significant boost to our plans for enhancing the customer experience and advancing our research and development initiatives. We are committed to continuously enhancing our platform to meet and exceed the dynamic needs of our users, ensuring they gain unparalleled value and efficiency from our offerings. Through our world-class HR tech solutions, we have already started adding and building out AI-enabled modules and other value-added services to help our customers optimize their investment in greytHR,” added Sayeed Anjum, Co-founder & CTO of greytHR.
Mark Beith, Partner and Shashwat Shukla, Vice President at Apax Digital, commented: “Small and mid-sized companies are pillars of the economy but have been underserved by legacy payroll and HCM solutions. greytHR enables businesses to save time and money by moving from complex and error-prone manual work to an automated and accurate next-gen solution with a mobile-first interface that delights employees. Drawing on our experience in the sector from previous Apax Fund investments, such as Paycor and Zellis, and having tracked the company for over two years, we are thrilled to partner with Girish, Sayeed, and their team to take greytHR to new peaks.”
greytHR’s team, now present across India, has been a key part of its success, laying a strong foundation for the company’s achievements. As greytHR looks to the future, the team remains committed and will continue to push the boundaries of innovation and deliver even greater value to customers.
9, Aug 2024
Evocus Black Alkaline Water Now in 250+ HoReCa Outlets Across India
New Delhi, India 8th August, 2024: In the competitive landscape of health and wellness beverages, black alkaline water is making significant inroads, particularly in the HoReCa (Hotel, Restaurant and Café) sector. Known for its distinctive color and unique health benefits, this innovative product from Evocus is gaining traction among top-tier hospitality brands.

Evocus has been strategic in its partnership, collaborating with renowned hotel chains such as Marriott, Radisson, Taj, Hyatt, and Accor. The brand has also formed alliances with prominent hospitality groups like Impresario Entertainment and Hospitality (Owns popular restaurant brands like Social, Smoke House Deli, and Salt Water Café) and Speciality Restaurants (Mainland China, Oh! Calcutta, Sigree, and Asia Kitchen). These collaborations have enhanced the product’s market presence, making it available in over 250 properties. Furthermore, Evocus is exploring potential tie-ins with large cafes and airlines, aiming to expand its reach and visibility across diverse consumer segments.
Mr. Aakash Vaghela, Founder and Managing Director of Evocus Black Alkaline Water, said, “Our strategic partnerships have been crucial in establishing Evocus as a trusted name in the health and wellness industry. By aligning with esteemed hospitality groups and exploring new avenues, we are making our unique product more accessible to a broader audience, ensuring that more people can experience the benefits of black alkaline water.”
The rise of black alkaline water is not just limited to the hospitality sector. Celebrities have also embraced this trend, making it staple in their health and wellness routines. Notable personalities like Anil Kapoor, Varun Dhawan, Badshah, Malaika Arora, Sara Ali Khan, Kajal Aggarwal, Karan Johar, Trent Boult, Rachin Ravindra, Arshdeep Singh, and Orry have been spotted with black alkaline water, further boosting its popularity.
The popularity of black alkaline water among celebrities and its strategic positioning in the HoReCa sector highlight its potential as a functional beverage. Clinical research supports its benefits, showing that black alkaline water can enhance hydration, reduce exercise –induced fatigue, maintain gut health, and aid in detoxification. These attributes make it an ideal choice for those leading active lifestyles.
As health and fitness continue to be a priority, the demand for functional beverages like black alkaline water is expected to rise. Its unique properties, including enhanced hydration and fatigue reduction, make it a valuable addition to the beverage market.
8, Aug 2024
Vikas Sharma Joins Locomotive Global Media as Head of Film Projects
08 August 2024; Mumbai, India: Locomotive Global Media, an international production company based in Mumbai, bolsters its leadership team with the appointment of Vikas Sharma as Head of Film Projects. In his new role, Vikas will oversee the development, acquisitions and business for the nascent film division at the company.

Vikas brings along with him a wealth of knowledge and expertise gained from his experience, stretching over a decade in the media and entertainment industry. Prior to joining Locomotive Global Media, Vikas served as Associate Producer at Bandra West Pictures for eight years, where he worked closely with renowned director Raja Krishna Menon. Vikas holds a postgraduate degree in Business Management from the University of California, Los Angeles.
Speaking on the new appointment, Sunder Aaron, Co-Founder and Managing Partner, Locomotive Global Inc., said, “We are thrilled to have Vikas Sharma join the Locomotive Global Media family. His vision for storytelling, combined with a deep understanding of both Indian and international markets, aligns perfectly with our mission to produce compelling, world-class content. Vikas brings his unique creative perspective to each project that is married with a keen commercial understanding of what works in the Indian market. We trust that he will be able to deliver stories and narratives that not only resonate deeply with Indian audiences but also capture the imagination of viewers worldwide.”
Commenting on his appointment, Sharma said, “I am deeply grateful to Sunder for this opportunity and his confidence in me. Together, we are focused on crafting content with both Indian and global appeal that importantly also ensures profitability. As India embraces its moment on the world stage demonstrated by non-mainstream films like ‘Kill’, ‘All We Imagine as Light’, and even ‘Monkey Man’, we’re excited to invest time and resources in film projects that are aligned with the company’s global objectives and brand ethos, while helping to establish Locomotive Global Media as a leading boutique studio. We are particularly excited about projects in the horror and thriller genre that possess an elevated approach to their storytelling.”
Vikas Sharma will report into Sunder Aaron of Locomotive Global Media. He is based out of Mumbai and his appointment is with immediate effect.
8, Aug 2024
LifeCell Forays into Skincare with AreoVeda, Specialising in Cellular Skin Science
Mumbai, 8th August, 2024: LifeCell, India’s pioneering stem cell bank and a leader in diagnostics, genetic testing, and pre-conception care, is poised to disrupt the world of mother-baby skincare with the launch of AreoVeda. With this, the brand has unveiled a product range, especially crafted for pregnant women, new moms, and newborns, that shatters existing norms through its uncompromising standards of purity, potency, and safety. Masterfully harnessing the regenerative powers of natural ingredients, the company introduces a cellular science-backed approach that is single-handedly redefining how clean skincare is perceived.

Incepted to counter concerns like stretch marks, pigmentation, acne, and dryness in the case of expectant and new mothers and eczema, diaper rash and cradle cap in the case of babies, the company offers solutions for all skin problems faced by this cohort. Its products undergo 10+ cellular tests on lab-grown human skin cells in LifeCell’s accredited labs via tests like:
● Cytotoxicity to evaluate the toxicity of product ingredients on skin cells,
● Anti-irritation test that assesses a cosmetic product’s safety by using ELISA technology,
● Bone formation assay, which evaluates the product’s ability to enhance and stimulate bone formation,
● Cell-migration assay which helps decode the wound-healing effects of the products on dermal cells,
● Anti-ageing test to assess skincare product effectiveness by using RT-PCR technology and much more!
Taru Mayur, Co-founder of AreoVeda, said, “An EWG study revealed that 200+ chemicals were found in a baby’s umbilical cord blood that came from what the mother had been exposed to. This means what goes in and on the body, including the skincare products, could impact a baby’s healthy growth & development. Given these findings, there is an urgent need for a skincare brand like AreoVeda that combines natural ingredients with advanced cellular testing methods to ensure the products’ safety and efficacy. We are excited to introduce our products, and we are sure that our customers will come to see us as a reliable ally who they can trust during this beautiful phase of life.”
AreoVeda has secured the coveted EWG and ECOCERT COSMOS certifications. The former validates the brand’s claim that its products are pure and free of chemicals listed by the body, thereby meeting all prescribed standards of consumer health. And only <2% of brands across the globe have managed to get this prestigious certification. The latter attests to the fact that 95% of the ingredients used to formulate the products are natural and plant-based. AreoVeda has actually bested this requirement and ensures that >98% of its ingredients are natural, while successfully passing all the stringent manufacturing and lab site audits.
It is also hailed for inaugurating the industry-first process of cryomilling, wherein four “hero” ingredients are milled with liquid nitrogen at extremely low temperatures (-196°C), ensuring they are pure, micronised, contaminant-free, and retain their natural properties. These are the star constituents in the brand’s CryoHeroes range – CryoCoffee, CryoGold, CryoOats & CryoHayal.
In addition to being India’s 1st band that is Ecocert certified, EWG verified and cellularly proven, AreoVeda also prioritises sustainable practices. Moreover, they come in eco-friendly packaging that minimises the brand’s environmental footprint and sets new standards for socially responsible & cruelty free skincare.
The brand’s collection is divided into three segments:
● The pregnancy range includes stretch marks cream, skin clarifying serum, skin brightening serum, foam face wash, and moisturising spray lotion.
● Products designed for new mothers include hydrating Foam Body Wash, post-natal massage oil, under-eye serum, natural nipple butter, and skin brightening serum.
● The collection for babies comprises baby head-to-toe foam wash, baby dusting powder, deep moisturising baby cream, baby massage oil, and moisturising baby spray lotion.
For those impressed by the company’s accreditations and credits, its products are available for purchase on its official website and e-commerce platforms like Amazon. Shortly, they will also be available on Flipkart, FirstCry, Nykaa and Quick Commerce Platforms.
8, Aug 2024
Unlock the Power of GenAI with Check Point Software Technologies
The GenAI Revolution is Already Here
Generative AI applications like ChatGPT and Gemini are here to stay. But as they make users’ lives much simpler, they also make your organization’s life much harder.
While some organizations have outright banned GenAI applications, according to a Check Point and Vason Bourne study, 92% of organizations allow their employees to use GenAI tools yet are concerned about security and data leakage. In fact, one estimate says 55% of data leakage events are a direct result of GenAI usage.
As tasks like debugging code and refining text can now be completed in a fraction of the time, without the right tools, these very same tasks can put your business data and compliance at risk.
Conventional Tools Fail to address GenAI Risks
Conventional data protection solutions are not designed to detect and prevent data leakage in generative AI applications, as they rely on static predefined keywords and patterns. They fail to understand the context of unstructured data typical of GenAI prompts, which are inherently conversational.
In fact, to address GenAI risks, you need a GenAI-based solution.
Check Point lets you Adopt Generative AI Safely
Available as part of our Preview Program, Check Point’s GenAI security solution installs in minutes to discover the GenAI services used in your organization, assess their risk, and apply groundbreaking AI- powered data protection so you can adopt the latest services without the added risk.
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The solution applies Check Point’s transformative AI-powered data analysis to accurately classify conversational data within prompts. Our groundbreaking classification technology understands data context to deliver precision visibility and control, while avoiding the need to define cumbersome data- types.
Figure 1: GenAI-based Data Classification in a Next Gen DLPFor example, using its GenAI-powered DLP the solution can distinguish between low-risk content, like the acquisition of a new home, and high-risk content like the potential acquisition of a company.
“Generative AI is boosting enterprise productivity by providing AI assistance in marketing, data analysis and even code development. Unfortunately, employees are exposing enterprises to cyber risk through data loss and intellectual property theft by including confidential information in GenAI apps. CISOs are looking for ways to securely manage the use of GenAI applications across the enterprise”, said Frank Dickson, Group Vice President, Security & Trust, IDC. “Through AI and automation, Check Point’s new GenAI Protect enables enterprises to safely adopt generative AI tools by discovering how GenAI apps are being used, analyze the data being shared, apply a security policy that prevents data loss in real time, and enable visibility and reporting for compliance.”
The solution delivers immediate value, empowering organizations to:
#1 Discover and Assess GenAI Usage across your Enterprise
Check Point’s GenAI security solution lets you uncover both sanctioned and shadow GenAI apps, and provides visibility into top GenAI use cases, such as coding and marketing, so you can make informed
GenAI governance decisions. It also uncovers sources of data copied/pasted into prompts and provides a risk score to prioritize mitigation.
#2 Prevent Data Loss in Real-Time and Address Privacy Concerns
The solution lets you enforce customizable policies to prevent data leakage and apply AI-powered data loss prevention to stop the sharing of sensitive unstructured data. It even lets you enforce copy/paste restrictions to prevent the siphoning of source code repositories, CRM tools, corporate email and other sensitive applications.
#3 Meet Regulations with Enterprise-grade Visibility
Check Point’s new GenAI security solution delivers granular monitoring and visibility to facilitate regulatory compliance. It provides visibility into risky user prompts and high-risk AI applications (based on app-specific threat intelligence), and even specifies why a prompt as flagged as hazardous.
How Check Point’s Solution is Different
Unlike other solutions, Check Point lets you:
- Get started minutes, requiring only a simple browser extension to discover GenAI applications and start creating policies.
- Uncover your top GenAI use cases, e.g. coding, marketing and email, so you can make informed GenAI governance decisions
Leverage GenAI-powered data classification to accurately identify and block sensitive data in AI prompts
Enhancing your Security with Yet Another Layer of AI
With our latest offering, Check Point is enhancing enterprise security yet again by harnessing the power of AI, adding to AI Copilot which serves as a personal GenAI security assistant, AI Cloud Protect for protecting AI development in the cloud, and ThreatCloud AI for zero-day threat prevention.
8, Aug 2024
CII Gujarat Presents: “Igniting the Flame of Gujarati Family Businesses” featuring Mr. Piruz Khambatta Gujarat
Gujarat, August 2024 – The Confederation of Indian Industry (CII) Gujarat State MSME & Vendor Development Panel is thrilled to announce the fourth episode of its Fireside Chat Series, titled “Igniting the Flame of Gujarati Family Businesses.” This enlightening session is scheduled for Friday, August 09, 2024, from 04:00 PM to 05:30 PM, and will be conducted on a virtual platform.

The Fireside Chat will feature a distinguished guest, Mr. Piruz Khambatta, Ph.D., Chairman of the Rasna Group. Mr. Khambatta brings a wealth of experience in Agri and FMCG business and he is also involved in societal activities, as the Hon. Consul General for South Korea, Chairman of the CII National Committee on Affirmative Action & Special Abilities. He was past President of All India Food Processors ‘Association (AIFPA), Past Chairman CII Western Region, Chairman CII National Committee on Food Processing, Founder Trustee of the Areez Khambatta Benevolent Trust and Rasna Foundation, and Ambassador for the Make in India initiative and Champion of Change (NITI Aayog). He will share insights drawn from his extensive leadership roles and experience in the business world.
The session will be moderated by Mr. Bhavik Khera, Convenor of the CII MSME & Vendor Development Panel and Managing Director of SEE Linkages Pvt. Ltd. Mr. Khera will facilitate an engaging discussion with Mr. Khambatta, focusing on the experiences and strategies behind the success of prominent Gujarati family businesses.
This Fireside Chat Series aims to showcase the invaluable wisdom of successful Gujarati business families and to inspire the next generation of entrepreneurs. Attendees will have the opportunity to gain insights from industry leaders and participate in a Q&A session.
8, Aug 2024
Exicom to Acquire Industry Leader Tritium; Expands Global Footprint in EV Charging
New Delhi, 08 August 2024: Exicom Tele-systems Limited India’s largest Electric Vehicle (“EV”) charger manufacturer, announced today that its subsidiary Exicom Power Solutions B.V. Netherlands and other step down subsidiaries, have entered into a definitive agreement under which it will acquire business and assets of Tritium group of companies (henceforth referred to as “Tritium”), a distinguished global leader in DC Fast Chargers, headquartered in Australia.
With over 13,000 DC Fast Chargers sold in 47 countries, Tritium is recognised as a leading industry brand globally. Founded in 2001, Tritium designs and manufactures proprietary hardware and software to create advanced and reliable liquid-cooled DC Fast Chargers for electric vehicles. Tritium’s chargers are designed for both aesthetic appeal and durability in tough environments. They feature engineering that simplifies installation, ownership, and usage.
With this landmark acquisition, Exicom is set to unlock substantial long-term growth and value for its stakeholders. The acquisition adds Tritium’s manufacturing facility in Tennessee, USA, as well as a world-class engineering centre in Brisbane, Australia to Exicom’s existing presence in Asia. The acquisition expands Exicom’s global reach and amplifies its commitment to research and development to drive innovation in this growing industry. With the complementary product portfolio of Exicom and Tritium, the acquisition provides the opportunity to serve the different use cases across the world and expand EV infrastructure adoption.
According to BloombergNEF’s “Economic Transition Scenario,” which forecasts EV growth based on current techno-economic trends, EVs are slated to reach 45 percent of global passenger-vehicle sales by 2030 and 73 percent by 2040.
Anant Nahata, CEO, Exicom said, “This acquisition is in line with Exicom’s strategic vision to be a key contributor to the world of tomorrow by enabling an emission free future for mobility. Exicom and Tritium have a complementary sales and product footprint and have each established leadership in their respective regions. We look forward to working with Tritium’s employees, customers, partners and other stakeholders to grow the business further and provide faster, more reliable charging experiences to EV users across the globe.”