The Department for Transport (DfT) will double its EV charger funding to £10 million, with a focus on residential chargers, as it seeks to encourage more urban dwellers to go electric. This is the second time the Government has doubled its EV infrastructure funding allowance; last August, £2.5m was allocated to the installation of EV chargers in… Continue reading UK Government doubles funding for EV infrastructure
Category: News Type
Volkswagen ID 4 SUV to be revealed at New York motor show
Volkswagen‘s next ID production model, the ID 4 crossover, will be revealed at New York motor show in April. The new EV will retain many of the same exterior themes as the ID Crozz concept car, which was first shown in 2017. The electric crossover-style SUV will be an important part of the VW ID… Continue reading Volkswagen ID 4 SUV to be revealed at New York motor show
Equity: Uber sells its Eats business in India, Qonto raises, and Tesla says no
Good morning, friends, and welcome back to TechCrunch’s Equity Monday, a short-form audio hit to kickstart your week. Equity’s regular, long-form shows still land each and every Friday, including this entry from just a few days ago. This morning, coming to you early from the frozen tundra of the American East Coast, it’s Tuesday. That’s… Continue reading Equity: Uber sells its Eats business in India, Qonto raises, and Tesla says no
African fintech firm Flutterwave raises $35M, partners with Worldpay
San Francisco and Lagos-based fintech startup Flutterwave has raised a $35 million Series B round and announced a partnership with Worldpay FIS for payments in Africa. With the funding, Flutterwave will invest in technology and business development to grow market share in existing operating countries, CEO Olugbenga Agboola — aka GB — told TechCrunch. The company will… Continue reading African fintech firm Flutterwave raises $35M, partners with Worldpay
Software Motor Company raises new $25 million round
SAN FRANCISCO, Jan. 21, 2020 /PRNewswire/ — Software Motor Company (SMC) has completed a $25 million financing round, including a first-time investment by BMW i Ventures. This fundraise will permit SMC to continue accelerating product development efforts and achieve new milestones. SMC intends to raise its final round in summer 2020. SMC has now raised… Continue reading Software Motor Company raises new $25 million round
UPDATE 1-Uber tests feature allowing some California drivers to set fares
FILE PHOTO: Uber’s logo is pictured at its office in Bogota, Colombia, December 12, 2019. REUTERS/Luisa Gonzalez/File Photo (Reuters) – Uber Technologies Inc on Tuesday said it is testing a feature that allows some drivers in California to set their own fares, hoping the change will help it show that its drivers are independent contractors… Continue reading UPDATE 1-Uber tests feature allowing some California drivers to set fares
Car maker: Opel is now also saving on design – and cutting 40 percent of jobs in the division
Opel Sketch The carmaker is thinning out its design division. (Photo: Opel) Munich Opel has been part of the French carmaker since 2017 PSA (Peugeot, Citroën, DS), but the brand with the flash emphasizes its independence at every opportunity. “In Rüsselsheim, all future Opel-Models designed and developed, “stated Opel boss Michael Lohscheller at an event… Continue reading Car maker: Opel is now also saving on design – and cutting 40 percent of jobs in the division
New product launches to help sustain sales momentum next fiscal: Hyundai
NEW DELHI: Hyundai Motor India Ltd (HMIL) expects new product launches to help the company sustain sales momentum next fiscal even as it sees short-term challenge to demand after BSVI norms come into effect from April 1, a top company official said. The company, whose market share has increased by 1 per cent this year… Continue reading New product launches to help sustain sales momentum next fiscal: Hyundai
Passenger vehicle retail sales dip 9% in December: FADA
NEW DELHI: Automobile dealers’ body FADA on Tuesday said retail sales of passenger vehicles in December 2019 declined 9 per cent to 2,15,716 units year-on-year, as even the best offers failed to lift weak consumer sentiments. According to the Federation of Automobile Dealers Associations (FADA), passenger vehicles (PV) sales stood at 2,36,586 units in December… Continue reading Passenger vehicle retail sales dip 9% in December: FADA
Hyundai Aura may fly high with a firm footing
NEW DELHI: Hyundai is pinning its hopes on Aura to reclaim apex position in the compact sedan segment. The upcoming Hyundai offering – Aura – is backed by a segment-first 1.2-litre, BS-VI compliant, Ecotorq diesel engine. At a time, when carmakers are taking their foot off the small displacement diesel powertrains, Hyundai believes a third… Continue reading Hyundai Aura may fly high with a firm footing