Vietnam’s ride-hailing firm Be Group is set to expand its operations and ramp up its technological ecosystem with the launch two delivery services, beExpress for its business customers and beDelivery for individuals, per an announcement. beExpress is a delivery and postal service that’s primarily aimed at e-commerce enterprises. It currently runs in partnership with Lazada… Continue reading Vietnam’s ride-hailing firm Be Group launches delivery services to take on Grab, Go-Viet
Author: Deal Street Asia Online News
Ride-hailing giant Uber partners Sun Mobilty to deploy e-autos in India
Chetan Maini-led Sun Mobilty and ride hailing application Uber Technologies on Wednesday announced their partnership to deploy electric three-wheelers across select cities in India. As part of the arrangement, Sun Mobility will offer its energy infrastructure platform, which includes swappable smart batteries and quick interchange stations to select original equipment manufacturers (OEMs) for building electric… Continue reading Ride-hailing giant Uber partners Sun Mobilty to deploy e-autos in India
Alibaba, Tencent-backed ride-hailing app T3 Chuxing goes live in China
A new competitor in the ride-hailing market has emerged to challenge the pole position held by long-time player Didi Chuxing – T3 Chuxing. T3 Chuxing was unveiled by its operator Nanjing Lingxing Technology Company Limited in Nanjing on Monday, according to a statement by the startup. Its mobile app went online on July 17 and… Continue reading Alibaba, Tencent-backed ride-hailing app T3 Chuxing goes live in China
Japan’s Mitsui invests $14m in electric mobility service firm SmartE
Treasure Vase Ventures Pvt. Ltd, the parent of SmartE, one of India’s largest electric mobility service provider, has raised ₹100 crore in series B funding from Japan’s Mitsui and Co. Delhi-based SmartE, which operates a fleet of more than 1,000 electric rickshaws in Delhi NCR, will use the funds to expand into new markets. Goldie… Continue reading Japan’s Mitsui invests $14m in electric mobility service firm SmartE
India Digest: Cars24 sued over pending dues; BAC Acquisitions eyes Essel MF
Cars24, an online marketplace for buying and selling used cars, has been slapped with legal notices over non-payment of dues. In another development, BAC Acquisitions (BACQ) is in talks with Essel group to buy its mutual fund business. Cars24 faces legal action over non-payment of dues Gurugram-based Cars24, an online marketplace for buying and selling… Continue reading India Digest: Cars24 sued over pending dues; BAC Acquisitions eyes Essel MF
Japan’s Kansai Paint, others, in talks to buy stake in US car-paint maker
Axalta Coating Systems Ltd., the car-paint maker exploring a sale, has drawn preliminary interest from rival companies, according to people familiar with the matter. Kansai Paint Co. Ltd. and PPG Industries Inc. are among firms considering making offers, said the people, who asked to not be identified because the matter isn’t public. The Philadelphia-based company is in… Continue reading Japan’s Kansai Paint, others, in talks to buy stake in US car-paint maker
Didi, Hellobike refill war chest as competition in mobility sector heats up
Chinese ride-hailing giant Didi Chuxing is reportedly raising $2 billion from investors while bike-sharing firm Hellobike secured $400 million in an Ant Financial-led funding round as part of efforts to beef up their war chest as competition in the sector escalates. According to a report by The Wall Street Journal, Beijing-based Didi plans to sell… Continue reading Didi, Hellobike refill war chest as competition in mobility sector heats up
Drivezy crosses $4m in monthly GMV, launches franchise business
Bengaluru-based car and bike hire company Drivezy India Travels Pvt. Ltd has crossed monthly gross merchandise volume (GMV) of $4 million (about ₹27 crore), according to a top company executive. The company’s fleet comprises 15,000 bikes and 4,000 cars. “We net around 22% of the $4-million monthly GMV,” said Drivezy’s chief executive Ashwarya Singh over… Continue reading Drivezy crosses $4m in monthly GMV, launches franchise business
Indonesia Digest: GOJEK introduces insurance feature; Blibli launches streaming app
GOJEK has introduced a new insurance platform dubbed Go-Sure while e-commerce site Blibli has launched a live streaming app. GOJEK introduces insurance feature Go-Sure Ride-hailing unicorn GOJEK has introduced a new insurance feature, Go-Sure, in partnership with insurance technology startup PasarPolis. Go-Sure feature is still in Beta stage and is not yet available to all… Continue reading Indonesia Digest: GOJEK introduces insurance feature; Blibli launches streaming app
AU’s Carbar raises $16.8m from IAG, private investors to grow car subscriptions
Australian car subscription platform Carbar raised $16.8 million from IAG, the country’s largest general insurer, and private investors. Founded in 2016, Carbar is Australia’s first car subscription platform, catering to customers seeking alternative modes of vehicle ownership. The deal saw IAG taking a majority stake in the company. According to a statement, Carbar plans to… Continue reading AU’s Carbar raises $16.8m from IAG, private investors to grow car subscriptions