Cargo, a NYC-based provider of in-car commerce for ride-share companies, secured $22m in Series A financing. The round was led by Founders Fund with participation from:– Coatue Management– Aquiline Technology Growth– Mark Pincus, Founder of Zynga– Vivi Nevo, Israeli-American Venture Capitalist– Colin Carrier, Former Twitch CSO– Emil Michael, Uber’s former Chief Business Officer– Josh Mohrer,… Continue reading Cargo Secures $22M in Series A Financing
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UPDATE 1-VW will support retrofitting of older diesel cars in Germany – source
HAMBURG (Reuters) – Volkswagen (VOWG_p.DE) is prepared to support hardware retrofits for older diesel vehicles and offer incentives for drivers to swap some older diesel vehicles for newer ones, a person familiar with the matter said on Friday. FILE PHOTO: A car with the Volkswagen VW logo badge is seen on display at the North… Continue reading UPDATE 1-VW will support retrofitting of older diesel cars in Germany – source
Indian electric vehicle start-up gets angel funding to bolster leadership status
BENGALURU: Electric vehicle start-up Strom Motors (E14 Technologies Pvt Ltd) on Thursday said it has secured angel funding from Indian Angel Network (IAN). The investment would help the Mumbai-based start-up consolidate its leadership position in the technology-enabled mobility industry, setting up product sales, accelerate its geographical expansion and increase its consumer base across markets, a… Continue reading Indian electric vehicle start-up gets angel funding to bolster leadership status
In-car commerce startup Cargo raises $22 million led by Founders Fund
Cargo, the startup that helps ridesharing drivers earn money by bringing the convenience store into their vehicles, has raised $22 million in a Series A round led by Founders Fund. Additional investment came from Coatue Management, Aquiline Technology Growth as well as a number of high-profile entertainment, gaming, and technology executives who include Zynga founder Mark… Continue reading In-car commerce startup Cargo raises $22 million led by Founders Fund
Lamborghini sees India among top 10 global markets in 5 years
PUNE: Italian super sports car maker Automobili Lamborghini expects India to break into its top ten global markets in the next five years with its new SUV Urus, set to help drive up volumes in the country, a top company official said Thursday. The company, which sold 26 units in India last year, expects to… Continue reading Lamborghini sees India among top 10 global markets in 5 years
Applied Adhesives Acquires Pacific Adhesives
Applied Adhesives has announced its acquisition of Pacific Adhesives, Inc. Applied Adhesives will continue to market Pacific’s portfolio of hot-melt, water-based and palletizing adhesives and says that the union of the two companies will build on its tradition of customer service and its commitment to maintaining the highest possible standard in adhesive technologies. This represents… Continue reading Applied Adhesives Acquires Pacific Adhesives
PSA creates a joint venture in Metz to advance on the light hybrid
The group PSA continues its offensive in the electrified vehicle. The automaker confirmed Thursday, September 27, the creation of a joint venture with the Sino-Belgian manufacturer of gearboxes Punch Powertrain. Objective: to produce electrical transmissions within the Metz (Moselle) plant by 2022. The expected production capacity is 600 000 units per year, for an investment… Continue reading PSA creates a joint venture in Metz to advance on the light hybrid
Audi: By 2020 Our Electric Cars Will Fast Charge To 80% In 12 Minutes
2 H BY MARK KANE Audi BEVs will get 350 kW ultra-fast charging Currently, Audi is introducing its first all-electric model – the e-tron – which will be able to charge from 0 to 80% in around 30 minutes. That’s at 150 kW of power, which is industry-leading level for passenger cars. Also, the on-board charging… Continue reading Audi: By 2020 Our Electric Cars Will Fast Charge To 80% In 12 Minutes
IONITY Launches First 10 Ultra-Fast Charging Stations
2 H BY MARK KANE 10 stations ready, 390 more to come. IONITY in Europe proceeds with installations of ultra-fast charging network in a similar time/pace as Electrify America in the U.S. IONITY just completed its 10th station, while Electrify America had 10 in August. The IONITY is a joint venture of BMW Group, Daimler… Continue reading IONITY Launches First 10 Ultra-Fast Charging Stations
Leipzig closes earlier, Saarbrücken loses more jobs: Management of Halberg-Guss pulls the emergency brake
DPA Strikers in Leipzig: The factory is already closed at the end of March 2019 The automotive supplier Neue Halberg-Guss (NHG) will close its plant in Leipzig earlier and reduce more jobs in Saarbrücken. The company reacts to a weaker order situation due to the long conflict with the union IG Metall, said the management… Continue reading Leipzig closes earlier, Saarbrücken loses more jobs: Management of Halberg-Guss pulls the emergency brake