Category: News Site

The Station: Yandex spins out self-driving biz, Ike takes the SaaS road and a solid-state battery startup strikes SPAC

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. As… Continue reading The Station: Yandex spins out self-driving biz, Ike takes the SaaS road and a solid-state battery startup strikes SPAC

Nissan’s record loan guarantee spotlights lack of transparency

TOKYO — The Japanese government’s de facto guarantee of a record 130 billion yen ($1.22 billion) in emergency loans to Nissan Motor underscores a lack of transparency over coronavirus-related rescue programs for businesses. The Development Bank of Japan extended over 1.88 trillion yen in crisis response loans between March and July as the virus damaged the national and… Continue reading Nissan’s record loan guarantee spotlights lack of transparency

Vietnam automaker VinFast unveils $164k SUV to burnish brand

HO CHI MINH CITY — VinFast, the automaker founded by Vietnam’s richest man, has unveiled an SUV for his well-to-do compatriots. Priced at $164,000, the luxury VinFast President went on sale Monday and will have a production run of just 500 vehicles, because it is “exclusively for the Vietnamese market,” according to a statement from the… Continue reading Vietnam automaker VinFast unveils $164k SUV to burnish brand

HumanForest gets $2.3M from Cabify founders and others to grow a ‘free’ e-bike sharing service

HumanForest, a dockless, shared and ad-supported e-bike service which began trialling a service in London this June, has taken in its first tranche of external funding. The £1.8 million (~$2.3M) investment comes from backers in the mobility space, including Juan de Antonio and Vicente Pascual, founders of ride-sharing app Cabify. As part of the investment,… Continue reading HumanForest gets $2.3M from Cabify founders and others to grow a ‘free’ e-bike sharing service

India: BluSmart Mobility raises $7m from Inflection Point Ventures, others

Delhi NCR-based all-electric ride hailing platform BluSmart Mobility Pvt Ltd has raised $7 million or ₹51 crore in pre-series A funding from multiple investors including Inflection Point Ventures, Venture Catalysts, Survam Partners, Mumbai Angels, Chhatisgarh Investments Ltd., JITO Angels, Lets Venture Fund and Kaplavriksh Fund, the company said on Monday. The company, which is also… Continue reading India: BluSmart Mobility raises $7m from Inflection Point Ventures, others

US-based EV startup looks to establish manufacturing  and engineering in India

USA-headquartered startup Power Global has announced its plans to enter the Indian electric vehicle market, for which it is in the process of setting up a manufacturing and engineering setup in India with a focus on liquid-cool lithium-ion battery modules, engineered specifically for the two- and three-wheeler market. The company says over the last year… Continue reading US-based EV startup looks to establish manufacturing  and engineering in India

BluSmart gets Rs 51 crore in pre-series A funding

BluSmart, the all-electric ride-hailing platform has raised $7 million (Rs 51 crore) in funding from multiple investors including Inflection Point Ventures, Venture Catalysts, Survam Partners, Mumbai Angels, Chhatisgarh Investments, JITO Angels, Lets Venture Fund and Kaplavriksh Fund. The company says it will utilise the funding to expand the number of cars on the platform, set… Continue reading BluSmart gets Rs 51 crore in pre-series A funding

Crowdfunded dongle brings wireless Android Auto to more cars

Sponsored Links BMW While wireless Android Auto will soon be easier to find on phones, it’s another matter for cars. The cable-free tech is still rare outside of a few brands like BMW. A crowdfunded project might change that, however. Developer Emil Borconi-Szdressy recently launched an Indiegogo campaign (via XDA and 9to5Google) for an AAWireless… Continue reading Crowdfunded dongle brings wireless Android Auto to more cars