AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
ElectraMet Appoints Former TSMC-Arizona President Brian Harrison to Board of Directors
ByAinvest
Tuesday, Aug 26, 2025 10:14 am ET1min read
ElectraMet, a pioneer in recovering metals and acids from manufacturing wastewater, has appointed Brian Harrison, former President of TSMC-Arizona, to its Board of Directors. Harrison brings decades of leadership experience in semiconductor fabrication, and his expertise will help guide ElectraMet's expansion into the sustainable innovations of microelectronics and advanced manufacturing. His appointment aligns with ElectraMet's mission to enable more sustainable semiconductor production.
Ola Electric, the Bengaluru-based electric two-wheeler manufacturer, has secured Production Linked Incentive (PLI) certification for its Gen 3 scooter portfolio. This certification, granted by the Automotive Research Association of India (ARAI) under the ministry of heavy industries, covers all seven variants of Ola’s Gen 3 scooters, including the S1 Pro and S1 X series [1].The PLI certification, which is aimed at boosting domestic manufacturing of advanced automotive technologies, entitles Ola Electric to incentives ranging from 13% to 18% of the determined sales value of these scooters until 2028. This certification is expected to strengthen Ola Electric's cost structure and margins, potentially enabling the company to move towards profitability from the second quarter of FY26 [1].
The certification comes at a time when Ola Electric has witnessed a decline in market share amidst growing competition in the electric two-wheeler market. According to the Vahan portal, Ola Electric recorded a market share of 17.3% in the first 26 days of August, falling behind legacy player TVS Motor and listed peer Ather Energy, which recorded market shares of 25.2% and 17.9%, respectively [1].
Ola Electric's recent appointment of Brian Harrison, former President of TSMC-Arizona, to its Board of Directors, further underscores the company's strategic focus on sustainable innovations in microelectronics and advanced manufacturing. Harrison's expertise in semiconductor fabrication will help guide ElectraMet's expansion into these areas [2].
References:
[1] https://economictimes.indiatimes.com/tech/technology/ola-electric-secures-pli-certification-for-gen-3-range-of-scooters/articleshow/123527385.cms
[2] ElectraMet appoints Brian Harrison to Board of Directors, July 02, 2025
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet