Category: News Type

Uber sells food delivery business in India to Zomato

Uber said on Tuesday it has sold its food delivery business, Uber Eats, in India to local rival Zomato as the American ride-hailing giant races to shed lossmaking operations to become profitable by next year. As part of the deal, Uber would own 9.99% of Zomato and its Eats users would become part of the… Continue reading Uber sells food delivery business in India to Zomato

Subaru plans to sell only electric cars by the middle of the 2030s

Sponsored Links Subaru By Ronan Glon Nipping infinite rumors in the bud, Subaru confirmed the Outback, the Forester, the BRZ, the WRX STI, and every other car it makes will go electric or disappear by the middle of the 2030s. The Japanese automaker announced it plans to kick gasoline-powered cars out of its global portfolio… Continue reading Subaru plans to sell only electric cars by the middle of the 2030s

Self-drive rental platform Zoomcar raises $30m from Sony fund, others

The Sony Innovation Fund was set up by Japanese technology giant Sony in June 2019 in partnership with Daiwa Capital Holdings to invest in growth-stage technology companies. Zoomcar plans to deploy the capital for growth, to improve its technology and data science infrastructure, besides upgrading its IoT capability that is currently being used for its… Continue reading Self-drive rental platform Zoomcar raises $30m from Sony fund, others

Asia Digest: Nest Tech VN backs Joosk Studio; SK’s Kakao Mobility launches ride-hailing service in Vietnam

Vietnam-based VC firm Nest Tech VN has led a six-figure equity investment in Myanmar’s leading animation company Joosk Studio. In a separate development, Kakao Mobility, the transportation unit of South Korea’s Kakao Corp, has launched ride-hailing services in Vietnam. Nest Tech VN invests in Joosk Studio Vietnam-based VC firm Nest Tech VN has led a… Continue reading Asia Digest: Nest Tech VN backs Joosk Studio; SK’s Kakao Mobility launches ride-hailing service in Vietnam

Vegan cars are the next big fad in the automotive industry

Could a vegan steak bake change the car industry? It might sound tenuous, but the phenomenal success of the unlikely offering from Greggs, along with myriad other vegan products from national chains that have been rolled out for ‘veganuary’ this month, demonstrate that catering to the growing demand for animal-free products is big business. The growing… Continue reading Vegan cars are the next big fad in the automotive industry

Fast, reliable electric vehicle charging is closer than you think

The only advantage fossil fueled cars still have over electric is the time it takes to fill one up. The good news is that electric vehicle sales are up. According to the Edison Electric Institute, 2018 American sales are up 81% compared to 2017, and there are over 1.18 million EVs on the road. The… Continue reading Fast, reliable electric vehicle charging is closer than you think

Uber: Zomato Acquires Uber’s Food Delivery Business in India

GURGAON, India–(BUSINESS WIRE)–Zomato, one of the largest food apps in India, announced today that it has acquired Uber’s food delivery business in India in an all-stock transaction, which gives Uber 9.99% ownership in Zomato. Deepinder Goyal, CEO of Zomato, commented: “We are proud to have pioneered restaurant discovery and to have created a leading food… Continue reading Uber: Zomato Acquires Uber’s Food Delivery Business in India

Tesla says unintended acceleration claims are ‘completely false’

Sponsored Links Roberto Baldwin/Engadget Tesla just rejected any notion that its cars are prone to unintended acceleration. In a blog post, the EV maker claimed that a petition describing unexpected acceleration was “completely false” and the product of a “Tesla short-seller” hoping to make a quick buck. Every case where Tesla had a car’s data… Continue reading Tesla says unintended acceleration claims are ‘completely false’