Humans Of EV

Humans Of EV Humans Of EV aims to bring together all members of the EV chain to make EV easier for all.

11/05/2026

Clean mobility is moving fast.
Founders, investors, industry leaders, and enablers need one focused room for the conversations that matter.
HEV Capital Connect brings that room to life.

Every interaction is intentional.
Every conversation is aligned.

Get in touch now.


Investors CleanTech MobilityInnovation

The room is opening.A space built for clean mobilitywhere founders, investors, and enablers come togetherwith clarity an...
11/05/2026

The room is opening.

A space built for clean mobility
where founders, investors, and enablers come together
with clarity and intent.

Focused conversations.
Real opportunities.
Aligned momentum.

Registrations open on 13 May 2026.

Be ready to step in.

HEV CAPITAL CONNECT

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InvestorsIndia MobilityRevolution

08/05/2026

The future of mobility is being shaped through conversations, collaborations, capital, and bold ideas coming together under one ecosystem.

HEV Capital Connect brings together the people driving the next wave of clean mobility - EV startups, innovators, investors, industry leaders, and ecosystem enablers building whatโ€™s next for the industry.

The wait is almost over.
Registrations open tomorrow.

Get ready to be part of the conversations and connections powering the future of mobility.



StartupEcosystem

๐Œ๐š๐ก๐ข๐ง๐๐ซ๐š ๐€๐ง๐ ๐๐š๐ฃ๐š๐ฃ ๐‚๐จ๐ง๐ญ๐ข๐ง๐ฎ๐ž ๐“๐ก๐ž๐ข๐ซ ๐‚๐ฅ๐จ๐ฌ๐ž ๐๐š๐ญ๐ญ๐ฅ๐ž ๐ˆ๐ง ๐„๐• ๐Ÿ‘๐– ๐๐š๐ฌ๐ž๐ง๐ ๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญIndiaโ€™s ๐ž๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐Ÿ‘๐– (๐ฉ๐š๐ฌ๐ฌ๐ž๐ง๐ ๐ž๐ซ + ๐ฉ๐ž๐ซ๐ฌ๐จ๐ง๐š๐ฅ) segmen...
07/05/2026

๐Œ๐š๐ก๐ข๐ง๐๐ซ๐š ๐€๐ง๐ ๐๐š๐ฃ๐š๐ฃ ๐‚๐จ๐ง๐ญ๐ข๐ง๐ฎ๐ž ๐“๐ก๐ž๐ข๐ซ ๐‚๐ฅ๐จ๐ฌ๐ž ๐๐š๐ญ๐ญ๐ฅ๐ž ๐ˆ๐ง ๐„๐• ๐Ÿ‘๐– ๐๐š๐ฌ๐ž๐ง๐ ๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ

Indiaโ€™s ๐ž๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐Ÿ‘๐– (๐ฉ๐š๐ฌ๐ฌ๐ž๐ง๐ ๐ž๐ซ + ๐ฉ๐ž๐ซ๐ฌ๐จ๐ง๐š๐ฅ) segment ๐ ๐ซ๐ž๐ฐ ๐Ÿ•.๐Ÿ% ๐ฆ๐จ๐ง๐ญ๐ก-๐จ๐ง-๐ฆ๐จ๐ง๐ญ๐ก in April 2026, ๐š๐๐๐ข๐ง๐  ๐ง๐ž๐š๐ซ๐ฅ๐ฒ ๐Ÿ,๐Ÿ•๐ŸŽ๐ŸŽ ๐ฎ๐ง๐ข๐ญ๐ฌ ๐จ๐ฏ๐ž๐ซ ๐Œ๐š๐ซ๐œ๐ก. The growth story, however, is being led by a handful of dominant players.

Mahindra Last Mile Mobility grew ๐Ÿ—.๐Ÿ–% ๐Œ๐จ๐Œ to ๐Ÿ—,๐Ÿ๐ŸŽ๐Ÿ— units, retaining its leadership position. But Bajaj Auto Ltd remained extremely close, growing ๐Ÿ”.๐Ÿ‘% to reach ๐Ÿ—,๐ŸŽ๐ŸŽ๐ŸŽ units.

Among smaller players, Mini Metro EV LLP posted the sharpest growth at ๐Ÿ๐Ÿ•๐Ÿ%, while Yc Electric Vehicle more than doubled volumes with ๐Ÿ๐ŸŽ๐Ÿ–.๐Ÿ–% ๐ ๐ซ๐จ๐ฐ๐ญ๐ก. On the other hand, Omega Seiki Mobility saw a ๐ฌ๐ญ๐ž๐ž๐ฉ ๐Ÿ“๐ŸŽ.๐Ÿ–% ๐๐ž๐œ๐ฅ๐ข๐ง๐ž.

The market is increasingly consolidating around players that can combine affordability with financing access and dependable uptime - critical factors in Indiaโ€™s high-utilization commercial EV ecosystem.
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CommercialEV LastMileMobility HumansOfEV

๐Œ๐š๐ก๐ข๐ง๐๐ซ๐š ๐‡๐จ๐ฅ๐๐ฌ ๐‹๐ž๐š๐ ๐€๐ฌ ๐„๐• ๐Ÿ‘๐– ๐๐š๐ฌ๐ž๐ง๐ ๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐ซ๐จ๐ฌ๐ฌ๐ž๐ฌ ๐Ÿ๐Ÿ“,๐ŸŽ๐ŸŽ๐ŸŽ ๐”๐ง๐ข๐ญ๐ฌIndiaโ€™s electric ๐Ÿ‘๐– (๐ฉ๐š๐ฌ๐ฌ๐ž๐ง๐ ๐ž๐ซ + ๐ฉ๐ž๐ซ๐ฌ๐จ๐ง๐š๐ฅ) market recor...
07/05/2026

๐Œ๐š๐ก๐ข๐ง๐๐ซ๐š ๐‡๐จ๐ฅ๐๐ฌ ๐‹๐ž๐š๐ ๐€๐ฌ ๐„๐• ๐Ÿ‘๐– ๐๐š๐ฌ๐ž๐ง๐ ๐ž๐ซ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‚๐ซ๐จ๐ฌ๐ฌ๐ž๐ฌ ๐Ÿ๐Ÿ“,๐ŸŽ๐ŸŽ๐ŸŽ ๐”๐ง๐ข๐ญ๐ฌ

Indiaโ€™s electric ๐Ÿ‘๐– (๐ฉ๐š๐ฌ๐ฌ๐ž๐ง๐ ๐ž๐ซ + ๐ฉ๐ž๐ซ๐ฌ๐จ๐ง๐š๐ฅ) market recorded ๐Ÿ๐Ÿ“,๐Ÿ’๐Ÿ๐Ÿ‘ ๐ซ๐ž๐ ๐ข๐ฌ๐ญ๐ซ๐š๐ญ๐ข๐จ๐ง๐ฌ in April 2026, ๐ ๐ซ๐จ๐ฐ๐ข๐ง๐  ๐Ÿ•.๐Ÿ% ๐ฆ๐จ๐ง๐ญ๐ก-๐จ๐ง-๐ฆ๐จ๐ง๐ญ๐ก. The segment continues to remain one of the strongest volume drivers in Indiaโ€™s broader EV transition.

The gap at the top, however, is becoming extremely narrow.

๐Ÿ. ๐Œ๐š๐ก๐ข๐ง๐๐ซ๐š ๐‹๐š๐ฌ๐ญ ๐Œ๐ข๐ฅ๐ž ๐Œ๐จ๐›๐ข๐ฅ๐ข๐ญ๐ฒ ๐‹๐ญ๐

9,109 units | 35.8% market share
Mahindra retained the top position with nearly 10% MoM growth, continuing its dominance in the passenger e-3W category.

๐Ÿ. ๐๐š๐ฃ๐š๐ฃ ๐€๐ฎ๐ญ๐จ ๐‹๐ญ๐

9,000 units | 35.4% market share
Bajaj stayed close behind, adding over 500 units month-on-month and keeping the race for leadership intensely competitive.

๐Ÿ‘. ๐“๐•๐’ ๐Œ๐จ๐ญ๐จ๐ซ ๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ฒ ๐‹๐ญ๐

2,926 units | 11.5% market share
TVS remains a strong third player, steadily expanding its presence in the segment.

๐Ÿ’. ๐๐ข๐š๐ ๐ ๐ข๐จ ๐•๐ž๐ก๐ข๐œ๐ฅ๐ž๐ฌ ๐๐ฏ๐ญ ๐‹๐ญ๐

1,049 units | 4.1% market share
Piaggio crossed the 1,000-unit mark with healthy monthly growth.

๐Ÿ“. ๐’๐š๐ž๐ซ๐š ๐„๐ฅ๐ž๐œ๐ญ๐ซ๐ข๐œ ๐€๐ฎ๐ญ๐จ ๐๐ฏ๐ญ ๐‹๐ญ๐

536 units | 2.1% market share
One of the faster-growing players among smaller OEMs this month.

The passenger e-3W market is increasingly turning into a scale game. Manufacturing capacity, financing reach, and after-sales support are becoming the key differentiators as the segment matures.

Mahindra Last Mile Mobility | Bajaj Auto Ltd | Suman Mishra | Rajiv Bajaj | TVS Motor Company | Radhakrishnan K N | Saera Electric Auto Ltd. | Dilli Electric Auto Pvt Ltd (Citylife) | Piaggio Vehicles Pvt. Ltd. | Nitin Kapoor | Diego Graffi |

๐‘๐š๐Ÿ๐ญ ๐‚๐จ๐ฌ๐ฆ๐ข๐œ ๐„๐•โ€™๐ฌ ๐…๐ข๐ซ๐ฌ๐ญ ๐„๐ฑ๐ฉ๐จ๐ซ๐ญ ๐ˆ๐ฌ๐งโ€™๐ญ ๐š ๐Œ๐ข๐ฅ๐ž๐ฌ๐ญ๐จ๐ง - ๐ˆ๐ญโ€™๐ฌ ๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ข๐ ๐ง๐š๐ฅMost EV headlines track volumes. The ones that matt...
07/05/2026

๐‘๐š๐Ÿ๐ญ ๐‚๐จ๐ฌ๐ฆ๐ข๐œ ๐„๐•โ€™๐ฌ ๐…๐ข๐ซ๐ฌ๐ญ ๐„๐ฑ๐ฉ๐จ๐ซ๐ญ ๐ˆ๐ฌ๐งโ€™๐ญ ๐š ๐Œ๐ข๐ฅ๐ž๐ฌ๐ญ๐จ๐ง - ๐ˆ๐ญโ€™๐ฌ ๐š ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ข๐ ๐ง๐š๐ฅ

Most EV headlines track volumes. The ones that matter ๐ญ๐ซ๐š๐œ๐ค ๐๐ข๐ซ๐ž๐œ๐ญ๐ข๐จ๐ง.

Raft Cosmic EVโ€™s ๐Ÿ๐ข๐ซ๐ฌ๐ญ ๐ฌ๐ก๐ข๐ฉ๐ฆ๐ž๐ง๐ญ ๐ญ๐จ ๐๐š๐ง๐š๐ฆ๐š ๐‚๐ข๐ญ๐ฒ is not a symbolic win - itโ€™s a hard validation of ๐ ๐ฅ๐จ๐›๐š๐ฅ ๐œ๐š๐ฉ๐š๐›๐ข๐ฅ๐ข๐ญ๐ฒ. An Indian OEM has demonstrated it can meet ๐ข๐ง๐ญ๐ž๐ซ๐ง๐š๐ญ๐ข๐จ๐ง๐š๐ฅ ๐œ๐จ๐ฆ๐ฉ๐ฅ๐ข๐š๐ง๐œ๐ž, ๐ง๐š๐ฏ๐ข๐ ๐š๐ญ๐ž ๐œ๐ซ๐จ๐ฌ๐ฌ-๐›๐จ๐ซ๐๐ž๐ซ ๐ฅ๐จ๐ ๐ข๐ฌ๐ญ๐ข๐œ๐ฌ, ๐š๐ง๐ ๐๐ž๐ฅ๐ข๐ฏ๐ž๐ซ ๐š ๐ฉ๐ซ๐จ๐๐ฎ๐œ๐ญ ๐ญ๐ก๐š๐ญ ๐ก๐จ๐ฅ๐๐ฌ ๐ฎ๐ฉ ๐›๐ž๐ฒ๐จ๐ง๐ ๐๐จ๐ฆ๐ž๐ฌ๐ญ๐ข๐œ ๐œ๐จ๐ง๐๐ข๐ญ๐ข๐จ๐ง๐ฌ. Thatโ€™s not ambition. Thatโ€™s ex*****on.

This moment flips a critical switch: export readiness is no longer optional - itโ€™s a competitive moat. OEMs that crack ๐ก๐จ๐ฆ๐จ๐ฅ๐จ๐ ๐š๐ญ๐ข๐จ๐ง, ๐๐จ๐œ๐ฎ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง, ๐š๐ง๐ ๐š๐Ÿ๐ญ๐ž๐ซ-๐ฌ๐š๐ฅ๐ž๐ฌ ๐š๐›๐ซ๐จ๐š๐ will define the next phase of the industry. Everyone else will stay local.

For investors, this directly weakens the โ€œ๐ˆ๐ง๐๐ข๐š-๐จ๐ง๐ฅ๐ฒ ๐ฆ๐š๐ซ๐ค๐ž๐ญโ€ ceiling. For the ecosystem, it activates an export stack - ๐ฌ๐ฎ๐ฉ๐ฉ๐ฅ๐ข๐ž๐ซ๐ฌ, ๐ฅ๐จ๐ ๐ข๐ฌ๐ญ๐ข๐œ๐ฌ, ๐œ๐ž๐ซ๐ญ๐ข๐Ÿ๐ข๐œ๐š๐ญ๐ข๐จ๐ง, ๐š๐ง๐ ๐ฌ๐ž๐ซ๐ฏ๐ข๐œ๐ž ๐ง๐ž๐ญ๐ฐ๐จ๐ซ๐ค๐ฌ now have a clear global pathway.

๐ˆ๐ง๐๐ข๐šโ€™๐ฌ ๐„๐• ๐ฌ๐ก๐ข๐Ÿ๐ญ ๐ข๐ฌ ๐ง๐จ ๐ฅ๐จ๐ง๐ ๐ž๐ซ ๐๐ž๐ฆ๐š๐ง๐-๐ฅ๐ž๐. Subsidies got us here. ๐Œ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ข๐ง๐  ๐š๐ง๐ ๐ž๐ฑ๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ฅ๐ฅ ๐ญ๐š๐ค๐ž ๐ฎ๐ฌ ๐Ÿ๐จ๐ซ๐ฐ๐š๐ซ๐.

Expect mid-tier OEMs to aggressively enter LATAM, Africa, and Southeast Asia. Expect pricing pressure on Chinese incumbents. And expect compliance + service to decide winners.

๐‡๐„๐•โ€™๐ฌ ๐ญ๐š๐ค๐ž ๐จ๐ง ๐ญ๐ก๐ข๐ฌ:
This isnโ€™t about one shipment. Itโ€™s about removing doubt.
Once exports work, they scale. Once they scale, they redefine the market.

India doesnโ€™t need to chase global leadership anymore. It needs to deliver - consistently.


EVIndustry GlobalExpansion SustainableMobility

๐—˜๐˜‚๐—น๐—ฒ๐—ฟ ๐— ๐—ผ๐˜๐—ผ๐—ฟ๐˜€ ๐—–๐—ฟ๐—ฎ๐—ฐ๐—ธ๐˜€ ๐˜๐—ต๐—ฒ ๐—–๐—ผ๐—ฑ๐—ฒ ๐—ผ๐—ป ๐—–๐—ผ๐—บ๐—บ๐—ฒ๐—ฟ๐—ฐ๐—ถ๐—ฎ๐—น ๐—˜๐—ฉ ๐—ฆ๐—ฐ๐—ฎ๐—น๐—ฒ ๐—ฎ๐—ป๐—ฑ ๐—˜๐—ณ๐—ณ๐—ถ๐—ฐ๐—ถ๐—ฒ๐—ป๐—ฐ๐˜†๐—˜๐˜‚๐—น๐—ฒ๐—ฟ ๐— ๐—ผ๐˜๐—ผ๐—ฟ๐˜€ delivering ๐Ÿญ๐Ÿญ๐Ÿฌ% ๐—ฟ๐—ฒ๐˜ƒ๐—ฒ๐—ป๐˜‚๐—ฒ ๐—ด๐—ฟ๐—ผ๐˜„๐˜๐—ต ๐˜๐—ผ โ‚น๐Ÿฐ๐Ÿฌ๐Ÿฎ ๐—ฐ๐—ฟ...
06/05/2026

๐—˜๐˜‚๐—น๐—ฒ๐—ฟ ๐— ๐—ผ๐˜๐—ผ๐—ฟ๐˜€ ๐—–๐—ฟ๐—ฎ๐—ฐ๐—ธ๐˜€ ๐˜๐—ต๐—ฒ ๐—–๐—ผ๐—ฑ๐—ฒ ๐—ผ๐—ป ๐—–๐—ผ๐—บ๐—บ๐—ฒ๐—ฟ๐—ฐ๐—ถ๐—ฎ๐—น ๐—˜๐—ฉ ๐—ฆ๐—ฐ๐—ฎ๐—น๐—ฒ ๐—ฎ๐—ป๐—ฑ ๐—˜๐—ณ๐—ณ๐—ถ๐—ฐ๐—ถ๐—ฒ๐—ป๐—ฐ๐˜†

๐—˜๐˜‚๐—น๐—ฒ๐—ฟ ๐— ๐—ผ๐˜๐—ผ๐—ฟ๐˜€ delivering ๐Ÿญ๐Ÿญ๐Ÿฌ% ๐—ฟ๐—ฒ๐˜ƒ๐—ฒ๐—ป๐˜‚๐—ฒ ๐—ด๐—ฟ๐—ผ๐˜„๐˜๐—ต ๐˜๐—ผ โ‚น๐Ÿฐ๐Ÿฌ๐Ÿฎ ๐—ฐ๐—ฟ๐—ผ๐—ฟ๐—ฒ and ๐—ถ๐—บ๐—ฝ๐—ฟ๐—ผ๐˜ƒ๐—ถ๐—ป๐—ด ๐—˜๐—•๐—œ๐—ง๐——๐—” ๐—บ๐—ฎ๐—ฟ๐—ด๐—ถ๐—ป๐˜€ ๐—ณ๐—ฟ๐—ผ๐—บ -๐Ÿญ๐Ÿญ๐Ÿต% ๐˜๐—ผ -๐Ÿฒ๐Ÿฎ.๐Ÿต% signals a clear transition from early adoption to early operating leverage. With ๐Ÿญ๐Ÿด๐Ÿญ% ๐˜ƒ๐—ผ๐—น๐˜‚๐—บ๐—ฒ ๐—ด๐—ฟ๐—ผ๐˜„๐˜๐—ต ๐—ฎ๐—ป๐—ฑ ๐Ÿฎ๐Ÿฑ% ๐˜€๐—ต๐—ฎ๐—ฟ๐—ฒ ๐—ถ๐—ป ๐˜๐—ต๐—ฒ ๐Ÿฐ๐—ช ๐—ฐ๐—ฎ๐—ฟ๐—ด๐—ผ ๐—˜๐—ฉ ๐˜€๐—ฒ๐—ด๐—บ๐—ฒ๐—ป๐˜, the company is building scale where utilization and therefore returns are highest.

๐—Ÿ๐—ผ๐—ด๐—ถ๐˜€๐˜๐—ถ๐—ฐ๐˜€ ๐—ฎ๐—ป๐—ฑ ๐—ฒ-๐—ฐ๐—ผ๐—บ๐—บ๐—ฒ๐—ฟ๐—ฐ๐—ฒ ๐—ผ๐—ฝ๐—ฒ๐—ฟ๐—ฎ๐˜๐—ผ๐—ฟ๐˜€ ๐—ฎ๐—ฟ๐—ฒ ๐—ฐ๐—ต๐—ผ๐—ผ๐˜€๐—ถ๐—ป๐—ด ๐—˜๐—ฉ๐˜€ based on ๐˜‚๐—ฝ๐˜๐—ถ๐—บ๐—ฒ, ๐—ฟ๐—ฒ๐—น๐—ถ๐—ฎ๐—ฏ๐—ถ๐—น๐—ถ๐˜๐˜†, ๐—ฎ๐—ป๐—ฑ ๐˜๐—ผ๐˜๐—ฎ๐—น ๐—ฐ๐—ผ๐˜€๐˜ ๐—ผ๐—ณ ๐—ผ๐˜„๐—ป๐—ฒ๐—ฟ๐˜€๐—ต๐—ถ๐—ฝ not just sustainability narratives. Eulerโ€™s traction in ๐Ÿฏ๐—ช ๐—ฐ๐—ฎ๐—ฟ๐—ด๐—ผ and ๐—ฒ๐—ฎ๐—ฟ๐—น๐˜† ๐˜€๐˜‚๐—ฐ๐—ฐ๐—ฒ๐˜€๐˜€ ๐˜„๐—ถ๐˜๐—ต ๐˜๐—ต๐—ฒ ๐—ง๐˜‚๐—ฟ๐—ฏ๐—ผ ๐—˜๐—ฉ ๐Ÿญ๐Ÿฌ๐Ÿฌ๐Ÿฌ ๐—ถ๐—ป ๐Ÿฐ๐—ช ๐—ฐ๐—ฎ๐—ฟ๐—ด๐—ผ highlights a clear product-market fit in segments where utilization is high and returns are measurable.

Despite rising absolute costs, Euler has significantly improved unit economics ๐—ฟ๐—ฒ๐—ฑ๐˜‚๐—ฐ๐—ถ๐—ป๐—ด ๐˜€๐—ฝ๐—ฒ๐—ป๐—ฑ ๐—ฝ๐—ฒ๐—ฟ ๐—ฟ๐˜‚๐—ฝ๐—ฒ๐—ฒ ๐—ผ๐—ณ ๐—ฟ๐—ฒ๐˜ƒ๐—ฒ๐—ป๐˜‚๐—ฒ ๐—ฎ๐—ป๐—ฑ ๐—ป๐—ฎ๐—ฟ๐—ฟ๐—ผ๐˜„๐—ถ๐—ป๐—ด ๐—น๐—ผ๐˜€๐˜€๐—ฒ๐˜€. This suggests that profitability in EVs may emerge faster in fleet-led segments than in consumer markets, where adoption cycles are slower and margins tighter.

Over the next 6โ€“12 months, we ๐—ฒ๐˜…๐—ฝ๐—ฒ๐—ฐ๐˜ ๐—ถ๐—ป๐˜๐—ฒ๐—ป๐˜€๐—ถ๐—ณ๐—ถ๐—ฒ๐—ฑ ๐—ฐ๐—ผ๐—บ๐—ฝ๐—ฒ๐˜๐—ถ๐˜๐—ถ๐—ผ๐—ป ๐—ถ๐—ป ๐˜๐—ต๐—ฒ ๐Ÿฐ๐—ช ๐—ฐ๐—ฎ๐—ฟ๐—ด๐—ผ ๐—˜๐—ฉ ๐˜€๐—ฝ๐—ฎ๐—ฐ๐—ฒ as more OEMs chase this high-utility segment. Players with strong distribution, service networks, and fleet partnerships will pull ahead.

๐—›๐—˜๐—ฉโ€™๐˜€ ๐˜๐—ฎ๐—ธ๐—ฒ ๐—ผ๐—ป ๐˜๐—ต๐—ถ๐˜€:

Now, EV adoption is being driven by economics, not incentives. Right now, commercial EVs are clearly in the lead. Eulerโ€™s focus on scaling to 200+ touchpoints and doubling down on logistics customers positions it well but ex*****on will be everything.

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04/05/2026

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