Shopping for EVs soared 73% since January before gas prices started their rise. Source: Cox Automotive dGas prices hit an all-time high of a national average of $4.67 on June 1, driving consumers to consider electric vehicles, hybrids and smaller, more fuel-efficient gas-powered models. According to a Cox Automotive analysis of shopping behavior on its… Continue reading Surging Gas Prices Spur Shoppers for Electrified Vehicles
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Asia Digest: Korean chipmaker Rebellions nets $50m, FTX launches in Japan
South Korean AI semiconductor startup Rebellions has raised $50 million; while cryptocurrency exchange FTX has launched its services in Japan. Temasek-backed Pavilion invests in S Korea’s Rebellions Rebellions, an artificial intelligence (AI) semiconductor startup, has announced raising $50 million in a Series A round backed by Pavilion Capital, a Temasek-backed venture capital investor. The Series… Continue reading Asia Digest: Korean chipmaker Rebellions nets $50m, FTX launches in Japan
El Toyota GR Corolla enloquece con la MORIZO Edition
El MORIZO Edition diseñado especialmente agrega aún más emoción a la línea GR de Toyota, que incluye la versión de rendimiento GR Corolla Core, el Circuit Edition solo para el año de lanzamiento, además del GR Supra y el GR86. El MORIZO Edition fue nombrado en honor al maestro conductor de GR y presidente de… Continue reading El Toyota GR Corolla enloquece con la MORIZO Edition
Inflation conundrum: The need to tackle supply-side disruptions without dampening economic recovery
On May 4th, RBI caught the country by surprise by announcing a 40-basis point increase in the policy repo rate. In addition, RBI increased the CRR by 50 basis points to 4.5%. The announcement was made after an emergency meeting of the Monetary Policy Committee. Later, on the same day and after the RBI announcement,… Continue reading Inflation conundrum: The need to tackle supply-side disruptions without dampening economic recovery
View: India can’t afford to lose the world’s trust on trade
Modi himself is intensely attuned to international perceptions of India. Yet he keeps on being forced into embarrassing climbdowns by his own government. Indian Prime Minister Narendra Modi often speaks of “trusted” supply chains. At the G-20 last year, he said that global supply chains depend upon “trust, transparency, and timeframes”; he’s made a similar… Continue reading View: India can’t afford to lose the world’s trust on trade
Private equity to boost EV foray of Greaves Cotton
Greaves Cotton through its electric vehicles (EV) subsidiary has become the second listed company after Tata Motors to tap overseas private equity to fund the EV venture. Abdul Latif Jameel International (ALJI), a Saudi based fund, will invest $150 million (Rs 1,160 crore) for 35.8% stake in Greaves Electric Mobility (GEM). This values the latter… Continue reading Private equity to boost EV foray of Greaves Cotton
NHAI to raise ₹20k crore from monetisation
During 2021-22, the NHAI had raised Rs 8,000 crore through monetisation of five projects accounting for 400 km through the first tranche of InVIT. NEW DELHI: The National Highways Authority of India (NHAI) has put out a list of 14 NH projects with a cumulative length of 1,750 km which will be monetised during the… Continue reading NHAI to raise ₹20k crore from monetisation
Auto sales in May 2022: All segments move up from the pandemic-marred low base of May 2021
For the passenger vehicle segment in May 2022, there were production constraints owing to the semiconductor shortage. New Delhi: The good news is that all segments of the automobile industry were in the green in May 2022. This comes after a long time and looks like a real relief. But the not-so-good news is that… Continue reading Auto sales in May 2022: All segments move up from the pandemic-marred low base of May 2021
RealWear Raises $23.5M in Series C Funding
RealWear Navigator™ 500 is the company’s latest industrial strength assisted reality wearable with a revolutionary modular design RealWear, a Vancouver, Washington-based provider of assisted reality solutions for frontline industrial workers, closed a $23.5M Series C funding. The round was led by Foundry Group with participation from Qualcomm Ventures, Kopin and Columbia Ventures Corporation. The company… Continue reading RealWear Raises $23.5M in Series C Funding
This Father’s Day, Eskute Teams Up with Innaest for the Global Premiere of Netuno Series
As a leading e-commerce platform, Innaest helps customers create a creative lifestyle aesthetic with a curated selection of home appliances and household products. Eskute and Innaest have partnered together to provide consumers with more riding options, empowering them to explore the great outdoors and get fit during the warmer months. The Netuno series is the… Continue reading This Father’s Day, Eskute Teams Up with Innaest for the Global Premiere of Netuno Series