Carsome, which bills itself as Southeast Asia’s largest e-commerce platform for used cars, announced it has closed a $30 million Series D. The funding was led by Asia Partners, with participation from returning investors Burda Principal Investments and Ondine Capital. The startup described this as one of the largest “all-equity financings to date in Southeast… Continue reading Used car marketplace Carsome gets $30 million Series D for its Southeast Asia growth plans
Category: Automotive
@Ford: Dealer, Customer Excitement Builds as All-New F-150 Arrives in Showrooms, Earns Kelley Blue Book Best Buy Award
The 2021 Ford F-150 ships to showrooms nationwide this week, and early sales indicate customers can’t wait to drive the all-new version The all-new 2021 Ford F-150 has earned its seventh consecutive Kelley Blue Book Best Buy award – recognized for advancing the full-size truck segment with new features ranging from a full hybrid powertrain… Continue reading @Ford: Dealer, Customer Excitement Builds as All-New F-150 Arrives in Showrooms, Earns Kelley Blue Book Best Buy Award
Joby Aviation is acquiring Uber’s Elevate as the ride-hailing giant continues to shed divisions during the pandemic
Joby Aviation will acquire Uber Elevate in another sell-off from the ride-hailing giant during the pandemic. Uber will invest $75 million in Joby Aviation which, combined with a previously undisclosed $50 million investment in January from Uber, brings the latter’s total fundraising haul to $820 million. Joby expects to begin flights with electric vertical take-off… Continue reading Joby Aviation is acquiring Uber’s Elevate as the ride-hailing giant continues to shed divisions during the pandemic
Robert Bosch Venture Capital invests in USD 6 million funding round of Sunlight
About RBVC GmbH Robert Bosch Venture Capital GmbH (RBVC) is the corporate venture capital company of the Bosch Group, a leading global supplier of technology and services. RBVC invests worldwide in innovative start-up companies at all stages of their development. Its investment activities focus on technology companies working in areas of business of current and… Continue reading Robert Bosch Venture Capital invests in USD 6 million funding round of Sunlight
@Daimler: Future prospects secured for the Hambach plant: Mercedes-Benz AG sells passenger-car plant in Hambach, France
Secures employment with future-proof solutions at Hambach plant Mercedes-Benz AG sells plant to the British company INEOS Automotive Production of electric two-seat smart EQ models by INEOS Automotive will continue Stuttgart. On the road to CO2 neutrality, Mercedes-Benz AG is investing heavily in the transformation of the company. In the context of increasing efficiency, this… Continue reading @Daimler: Future prospects secured for the Hambach plant: Mercedes-Benz AG sells passenger-car plant in Hambach, France
@Daimler: 03. Dec 2020Supervisory Board gives its full backing to business plan 2021-2025
December 03, 2020 – The Supervisory Board of Daimler AG has given its full backing to the company’s strategic course, the related business plan for the years 2021 through 2025, and the measures derived to achieve the targeted profitability. As one of those measures, the investment plan for the ongoing transformation towards electrification and digitization… Continue reading @Daimler: 03. Dec 2020Supervisory Board gives its full backing to business plan 2021-2025
Rivian is building its own EV charging network, but with an adventurous twist
Drivers cruising along an off-the-beaten track might stumble upon an unusual sight in the coming months: a Rivian electric charging station. The electric automaker has designed and is now starting to build out a network of electric vehicle charging stations throughout the United States as it prepares for the first deliveries of its R1T pickup… Continue reading Rivian is building its own EV charging network, but with an adventurous twist
Tesla (TSLA) announces $5 billion capital raise at insane stock price
Tesla (TSLA) is announcing today a new $5 billion capital raise as the automaker simply couldn’t resist raising money at low dilution, thanks to its insane stock price. In 2020, Tesla has already done two capital raises; $2 billion in February and $5 billion in September. That’s after CEO Elon Musk said that Tesla wouldn’t raise money again,… Continue reading Tesla (TSLA) announces $5 billion capital raise at insane stock price
Ford adds new off-road ‘Tremor’ pickup to its profitable F-150 lineup
2021 Ford F-150 Tremor Ford Ford Motor is expanding its highly profitable truck lineup with a new off-road “Tremor” model for the F-150 pickup. The 2021 F-150 Tremor, announced Tuesday, features all-terrain equipment upgrades in addition to several new features of a redesigned version of the pickup, which is arriving nationwide to dealers across the… Continue reading Ford adds new off-road ‘Tremor’ pickup to its profitable F-150 lineup
General Motors will not offer buyouts to GMC dealers who don’t want to sell Hummer EVs
2022 GMC Hummer EV sport utility truck “Edition 1” GM DETROIT – General Motors does not plan to offer buyouts to GMC dealers like it has for franchise owners of its Cadillac brand who don’t want to invest in stores to sell all-electric vehicles. Duncan Aldred, vice president of GMC, said the brand is executing… Continue reading General Motors will not offer buyouts to GMC dealers who don’t want to sell Hummer EVs