Softbank – backed OLA electric to recall 1444 e-scooters
Softbank-backed Ola Electric said that it will recall 1,441 of its electric scooters, weeks after one of its vehicles caught fire, prompting a government probe into the incident. Scooters involving Indian start-ups Okinawa and PureEV have also been involved in fires, in what some say could be an early setback for a nascent sector that is…
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Softbank’s robotics ambitions short circuit as pepper loses power
When SoftBank Group Corp’s CEO Masayoshi Son unveiled the wide-eyed android Pepper in 2014, he painted a vision, once confined to science fiction, of a new era of personal robots in which his company would be the industry leader. The company’s expectations of demand for Pepper, proved overly optimistic, two sources familiar with the matter…
SoftBank shrinks robotics business, stops Pepper production
SoftBank Group Corp is slashing jobs at its global robotics business. It has stopped producing its Pepper robot, as the conglomerate downgrades its industry ambitions. Production of the humanoid Pepper, touted as the first robot with “a heart”, was stopped last year. It would be costly to restart production, according to the sources. Foxconn in…