Yulu, a Bangalore-based electric bike sharing platform that maintains a partnership with Uber, said today it has won the backing of one of the country’s largest automakers. The two-year-old startup said it has entered into a strategic partnership with Bajaj Auto, which has also funded Yulu’s $8 million Series A financing round. As part of the… Continue reading India’s electric bike rental startup Yulu inks strategic partnership with Bajaj Auto, raises $8M
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Indian: Bajaj Auto invests $8m in e-bike rental startup Yulu
Indian motorcycle maker Bajaj Auto Ltd (BAL) Tuesday said it is investing $8 million in Bengaluru-based bicycle and electric scooter rental startup Yulu. Per the investment terms, Yulu will source electric two-wheelers from Bajaj. The vehicles will be co-designed and manufactured exclusively for shared micro-mobility. Besides, Bajaj will also consider facilitating the vehicle finance needs… Continue reading Indian: Bajaj Auto invests $8m in e-bike rental startup Yulu
UPDATE 1-Fiat Chrysler, PSA tell employees they will sign merger agreement in coming weeks
FILE PHOTO: A Fiat Chrysler Automobiles (FCA) sign is seen at the U.S. headquarters in Auburn Hills, Michigan, U.S. May 25, 2018. REUTERS/Rebecca Cook/File Photo MILAN/PARIS (Reuters) – Fiat Chrysler (FCHA.MI) and Peugeot-owner PSA (PEUP.PA) told their employees they would sign a binding merger agreement in coming weeks. In two separate communications through internal channels,… Continue reading UPDATE 1-Fiat Chrysler, PSA tell employees they will sign merger agreement in coming weeks
Fiat Chrysler, PSA tell employees they will sign merger agreement in coming weeks
MILAN/PARIS, Nov 26 (Reuters) – Fiat Chrysler and Peugeot-owner PSA told their employees they would sign a binding merger agreement in coming weeks. In two separate communications through internal channels, obtained by Reuters on Tuesday, the two groups told employees that more than 50 people were involved in the process. (Reporting by Giulio Piovaccari in… Continue reading Fiat Chrysler, PSA tell employees they will sign merger agreement in coming weeks
Car parts maker Faurecia sees record sales and profits in 2022
FILE PHOTO: Patrick Koller, Chief Executive Officer of French car parts supplier Faurecia, poses before the company’s 2016 annual results presentation in Paris, France, February 9, 2017. REUTERS/Philippe Wojazer PARIS (Reuters) – French car parts maker Faurecia (EPED.PA) said it was targeting record sales, profits and cash generation in 2022 as a result of its… Continue reading Car parts maker Faurecia sees record sales and profits in 2022
Battery maker Northvolt scales up factory ambitions
Swedish group triples planned number of plants as part of European expansion drive Go to Source
Airtel acquihires Gurugram-based logistics platform Quikmile
Bharti Airtel on Monday said that it has acqui-hired Gurgaon-based start-up Quikmile, which focuses on building tech-enabled logistics platforms for India. The telecom major said that Quikmile’s team will now be a part of Airtel X Labs (Airtel’s digital innovation lab), which focuses on Internet of Things, Digital Engineering, Artificial Intelligence, and Machine Learning. Airtel… Continue reading Airtel acquihires Gurugram-based logistics platform Quikmile
Fiat Chrysler is shopping for EV tech from damaged startups like Faraday Future
In October, Fiat Chrysler CEO Mike Manley told investors that he’s open to making cars powered by other companies’ electric vehicle technology. But Fiat Chrysler (FCA), which owns brands like Jeep and Dodge, is doing more than just considering the idea. The Verge has learned the automaker is in talks with at least two distressed… Continue reading Fiat Chrysler is shopping for EV tech from damaged startups like Faraday Future
UPDATE 1-Japan’s Hitachi nears deal to sell chemical unit to Showa Denko -Nikkei
FILE PHOTO: A logo of Hitachi Ltd. is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai TOKYO (Reuters) – Japanese conglomerate Hitachi Ltd (6501.T) is nearing a deal to sell its 51% stake in Hitachi Chemical Co Ltd (4217.T) to… Continue reading UPDATE 1-Japan’s Hitachi nears deal to sell chemical unit to Showa Denko -Nikkei
Indian bus aggregator Shuttl raises $18m in Series C round
App-based bus aggregator Shuttl on Monday raised $18 million from SPARX Group (through its Mirai Creation Fund II) and Toyota Tsusho Corporation, as part of its Series C round of funding. Shuttl, which has been on an expansion spree from the past several months, had recently announced the launch of its technology centre in Bengaluru along with… Continue reading Indian bus aggregator Shuttl raises $18m in Series C round