Surface transport company Rivigo has laid off 70-100 employees over the last few months, mainly in its freight marketplace team, multiple people aware of the matter said. The Gurugram-based company, backed by Warburg Pincus and SAIF Partners, also withdrew around 50 offers from 10 premier campuses, including National Institute of Industrial Engineering, Indian School of… Continue reading Rivigo lays off 70-100 employees, rolls back on-campus offers
Author: Economic Times of India Online News
Amazon to venture into automotive industry
Alexa-enabled offerings are expected to grow in the coming months and years New Delhi: Technology giant Amazon plans to venture into the automotive industry with its Alexa voice assistant, as per a media report. Alexa-enabled offerings are expected to grow in the coming months and years, including a significant expansion into the embedded software systems… Continue reading Amazon to venture into automotive industry
Musk now most tenured CEO in global auto industry
Under Musk, Tesla is breaking all records. The electric car-maker achieved a record production of 87,048 vehicles and record deliveries of approximately 95,200 vehicles in the second quarter of 2019. San Francisco: For many of us, Tesla is a new entrant in the global auto industry but Elon Musk has actually become the longest serving… Continue reading Musk now most tenured CEO in global auto industry
Hyderabad-based PURE EV raises VC funding of $35 mn
PURE EV had recently launched four two-wheeler models. It aims to deploy over 10,000 electric vehicles on the roads during 2019-20. Hyderabad: The Indian Institute of Technology Hyderabad on Wednesday said a start-up called PURE EV which was incubated by the institute has raised venture capital funding of $35 million (nearly Rs 240 crore). The… Continue reading Hyderabad-based PURE EV raises VC funding of $35 mn
Israel’s Maniv Mobility raises $100 mln for second venture fund
Maniv said it would continue to invest in startups that focus on data and connectivity, digital and electric mobility platforms, autonomous and autonomous-enabling technologies. JERUSALEM: Israel’s Maniv Mobility said on Tuesday it closed its second venture fund with $100 million that includes commitments from 12 companies in the automotive and transportation sectors. Among the investors… Continue reading Israel’s Maniv Mobility raises $100 mln for second venture fund
European Union aims to be self-sufficient in EV battery manufacturing
The EU has joined hands with manufacturers, development banks and commercial lenders to create an ecosystem to invest $113 billion for the lithium-ion battery pack production to power EVs. New Delhi: European Union is planning to become self-sufficient when it comes to battery production for the electric vehicles. The EU has already joined hands with… Continue reading European Union aims to be self-sufficient in EV battery manufacturing
Tata Motors to lead transition towards electric mobility: N Chandrasekaran
Chandrasekaran added that Indian auto market is expected to emerge as the world’s third largest passenger vehicle market by 2021, driven by the underlying economic growth, increasing consumption demand and mass urbanisation. NEW DELHI: Tata Motors is committed to leading the transition towards electric mobility in the country and it looks to closely work with… Continue reading Tata Motors to lead transition towards electric mobility: N Chandrasekaran
Baidu partners with Geely for intelligent mobility solutions
The Chinese automaker revealed that its fleet of 300 L4 autonomous vehicles across 13 cities in China had recently surpassed a milestone of 2 million kilometer distance driven in urban road environments. New Delhi: Baidu has joined hands with Geely to develop intelligent mobility solutions that include connected car technology. Under their partnership, the Geely… Continue reading Baidu partners with Geely for intelligent mobility solutions
EV charging stations will get to choose infrastructure technology
The infrastructure guidelines require one charging station to be set up every three km in cities and every 25 km on both sides of highways. NEW DELHI: The government has decided to modify the guidelines for electric vehicle charging stations to give developers a freehand to choose the infrastructure technology to install, officials said. Existing… Continue reading EV charging stations will get to choose infrastructure technology
MG Motor partners with Fortum to launch EV charging stations in India
These public smart charging stations can be accessed by an EV owner, having cars compatible with CCS/CHAdeMO charging standards. New Delhi: MG Motor India has joined hands with the Finland based company Fortum Charge & Drive India to set up 50 kW DC fast charging stations for the electric vehicles. Under this partnership, Fortum will… Continue reading MG Motor partners with Fortum to launch EV charging stations in India