Caura, the app for UK car owners, begins offering insurance

Caura, the U.K. startup that wants to take the hassle out of car ownership, is launching car insurance — unveiling its insurtech ambitions. Dubbed “Caura Protect,” the new insurance product claims to reduce the cost and time taken to insure a car, building on the app’s existing car management features. Launched earlier this year by… Continue reading Caura, the app for UK car owners, begins offering insurance

GM gives ultimatum to Cadillac dealers who don’t want to sell electric cars

GM has said that its Cadillac brand could go all-electric by the end of the decade, and it is facing some pushbacks from its dealerships. The automaker has now given them a generous ultimatum. With the announcement of the acceleration of its electrification plans last week, GM said that Cadillac could become an all-electric brand… Continue reading GM gives ultimatum to Cadillac dealers who don’t want to sell electric cars

GM to recall 5.9m vehicles for Takata air bag issue

WASHINGTON (Reuters) — General Motors Co will recall 5.9 million vehicles with potentially dangerous Takata air bag inflators after a U.S. safety agency said Monday it had rejected the Detroit automaker’s petition to avoid the callback. The recall is expected to cost the Detroit automaker $1.2 billion. The National Highway Traffic Safety Administration (NHTSA) said… Continue reading GM to recall 5.9m vehicles for Takata air bag issue

India: Cars24 turns unicorn with $200m funding led by DST Global

Cars24, which offers a tech-enabled platform to customers to buy and sell pre-owned vehicles, has raised $200 million in its Series E round, taking the company’s valuation to over $1 billion. With this fund-raise, the startup joined the unicorn club, and claimed it is the only startup in the mobility sector to achieve a unicorn… Continue reading India: Cars24 turns unicorn with $200m funding led by DST Global

Cars24 raises new funds led by DST Global, valuation hits $1 billion

Online used car marketplace Cars24 has secured $200 million Series E financing led by existing investor DST Global at a post-money valuation of just over $1 billion, doubling from $500 million when it had raised $100 million financing in October last year. The financing round also catapults the company into the unicorn club, becoming the… Continue reading Cars24 raises new funds led by DST Global, valuation hits $1 billion

Why EV startup Bollinger Motors is focusing on the high-end consumer – Report Door

Bollinger Motors Founder & CEO Robert Bollinger sat down with me to break down the company’s upcoming electric vehicles, the EV space, and whether a SPAC IPO is in the cards. The following is a transcript of the interview: PRAS SUBRAMANIAN: Robert, you guys are ramping up here to get that B1 and B2 out… Continue reading Why EV startup Bollinger Motors is focusing on the high-end consumer – Report Door

Chinese truck-hailing firm Manbang nets nearly $170m from SoftBank, Sequoia, others

Manbang Group, a Chinese logistics player that provides truck-hailing solutions, announced on Tuesday that it has pocketed $170 million in a funding round co-led by new investor Fidelity and returning backers SoftBank Vision Fund, and Sequoia Capital China. A clutch of other existing investors re-upped in the round including Asia-based private equity firm Hillhouse Capital,… Continue reading Chinese truck-hailing firm Manbang nets nearly $170m from SoftBank, Sequoia, others