The round is expected to be led by Swiss investor LGT, through its impact investment platform Lightstone Aspada, the people said. Founded by Pranav Goel and Uttam Digga in 2014, Porter is known as the ‘Uber for trucks’. The platform operates as a marketplace, wherein one can order mini trucks for intra-city handling from registered… Continue reading Indian logistics startup Porter in talks to raise $30m at $120m valuation
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Fifth-generation MQB platform-based Volkswagen Caddy revealed
The new, fifth generation Volkswagen Caddy has been revealed with a larger interior capacity, plethora of new technology and three diesel engines to choose from. The new Caddy will come in panel van, MPV and camper form. Buyers will welcome the 93mm of extra length and 62mm of additional width over its predecessor, with extra width… Continue reading Fifth-generation MQB platform-based Volkswagen Caddy revealed
Hyundai Motor Company to Build World’s Biggest “Superfast Electric Vehicle Charging Station” in Seoul
Hyundai Motor Company is planning to open the world’s biggest superfast electric vehicle charging station in Seoul sometime during the first half of this year.It will also be the first time when an electric vehicle charging station will replace a spot where a large gas station used to be. This charging station will be able… Continue reading Hyundai Motor Company to Build World’s Biggest “Superfast Electric Vehicle Charging Station” in Seoul
Hyundai and Kia develop ICT Connected Shift System
Information and communication technology (ICT) automatically shifts to optimal gear based on road and traffic conditions ahead Improves driving comfort and fuel efficiency by minimizing unnecessary shifts through predictive gear-shifting control system Future developments to include consideration of driver’s preferences and traffic signal status Hyundai Motor Company and Kia Motors Corporation announced that they have… Continue reading Hyundai and Kia develop ICT Connected Shift System
GM enhances app for Chevy Bolt to use public chargers, but it’s a work in progress
The myChevrolet mobile app allows drivers to do things like remote starts, unlock doors, and gain access to vehicle data. The app’s Energy Assist feature for Bolt EV drivers has been available since 2017. But GM over the past few months has been enhancing its features, including the presentation of dynamic information about a public… Continue reading GM enhances app for Chevy Bolt to use public chargers, but it’s a work in progress
German court lifts freeze on Giga Berlin building, forest clearing can resume
The Berlin Higher Administrative Court (OVG Berlin-Brandenburg) has dismissed complaints against Tesla’s European Gigafactory construction project, Giga Berlin. This means work can resume in clearing the forest on the property. Giga Berlin construction experienced a temporary setback late last week, as construction was temporarily halted on the project. The halt came as a result of complaints… Continue reading German court lifts freeze on Giga Berlin building, forest clearing can resume
Maserati to return to racing with new MC20 supercar
Maserati will return to the world of racing with its new supercar, which will be named the MC20. The announcement comes as Fiat Chrysler Automobiles looks to turn around its luxury brand after it lost $219 million last year. The Italy-built MC20 will kick off plans to refresh or renew Maserati’s entire portfolio by 2023. [embedded content] The MC20… Continue reading Maserati to return to racing with new MC20 supercar
MG opens two dealerships with Howards Motor Group
Howards Motor Group has opened two new MG sites in Taunton and Weston-super-Mare. They are the dealer group’s first two MG franchises. Since the opening of its first garage in 1972, Howards Motor Group has become renowned for providing an excellent service and recording strong customer loyalty. The company now operates 22 dealerships across 13… Continue reading MG opens two dealerships with Howards Motor Group
Malaysian car-sharing app Socar banks $18m in series A money
It’s now looking to expand into new countries, including Indonesia. Go to Source
Rivian loses its first CTO, a veteran Apple exec who helped create the iPhone
Buzzy EV startup Rivian has lost its first chief technology officer just nine months after he started the job. Mike Bell, a longtime Apple executive who helped start the iPhone project, left Rivian this month, the company confirmed to The Verge. Rivian hired Bell in June 2019, as The Verge first reported last year. He… Continue reading Rivian loses its first CTO, a veteran Apple exec who helped create the iPhone