Celebal Technologies, an Indian software services startup, has announced raising a $32-million minority growth investment from US-based Norwest Venture Partners, per an announcement. The proceeds of the investment will be used to strengthen its foothold in existing markets across North America, India, and the Asia-Pacific as well as fuel its expansion into new territories across Europe,… Continue reading Indian SaaS firm Celebal scores $32m funding from Norwest Venture PartnersThe startup is planning to expand to new territories across Europe, the Midd…
Category: Automotive
SE Asia’s layoff purge to continue into 2023 as profitability comes to the fore
News of tech layoffs just keeps on coming, as startups — particularly the growth-stage ones — try to pull through the so-called ‘funding winter’. In Southeast Asia, including in the region’s largest economy Indonesia, at least 10,000 employees have been given the pink slips this year in sectors ranging from e-commerce, edtech and fintech to… Continue reading SE Asia’s layoff purge to continue into 2023 as profitability comes to the fore
Vietnam’s VinFast ships first batch of electric vehicles to US
Vietnam’s electric vehicle maker VinFast said on Friday it had shipped its first batch of 999 cars to the United States, capping a five-year bid to develop an auto production hub in the Southeast Asian country for markets in North America and Europe. The first cars are expected to be handed over to customers by… Continue reading Vietnam’s VinFast ships first batch of electric vehicles to US
Dubai waste management firm Averda said to be weighing majority stake sale
Dubai-based Averda International, one of the largest waste management firms in the Middle-East and North Africa, is planning to sell a stake in the business, sources familiar with the matter said. The company is working with Moelis & Co to arrange the transaction, which is expected to be a majority stake in the business, said… Continue reading Dubai waste management firm Averda said to be weighing majority stake sale
@Groupe PSA: OP Close to the Wind000463
Taken together, they have many decades of experience in the automotive industry, have a cumulative knowledge of vehicle technology and have already managed several projects together. And then the six colleagues from Rüsselsheim find themselves on a sailing boat in the Mediterranean Sea and try to untangle this large bulbous headsail, the spinnaker, with their… Continue reading @Groupe PSA: OP Close to the Wind000463
German Handelsblatt: Automotive industry: The small cars are dying out: Why Renault Twingo, Ford Fiesta and VW Up are disappearing005663
VW Up Volkswagen no longer builds the popular small car. However, the electric successor will not come until 2025. (Photo: VW) Germany’s nurses have a hard time without the very little ones. When it comes to choosing their company car, the choice is shrinking. In the Mini class, as defined by the Federal Motor Transport… Continue reading German Handelsblatt: Automotive industry: The small cars are dying out: Why Renault Twingo, Ford Fiesta and VW Up are disappearing005663
German Handelsblatt: Automotive industry: The small cars are dying out: Why Renault Twingo, Ford Fiesta and VW Up are disappearing005663
VW Up Volkswagen no longer builds the popular small car. However, the electric successor will not come until 2025. (Photo: VW) Germany’s nurses have a hard time without the very little ones. When it comes to choosing their company car, the choice is shrinking. In the Mini class, as defined by the Federal Motor Transport… Continue reading German Handelsblatt: Automotive industry: The small cars are dying out: Why Renault Twingo, Ford Fiesta and VW Up are disappearing005663
Voltalia signs 15-year deal to supply Renault’s plants with solar power
French firm Voltalia has signed a 15-year solar power supply contract with Renault to support the French carmaker’s transition towards cleaner energy, Voltalia said on Thursday. The contract covers a capacity of 350 megawatts, Voltalia said in a statement, adding it will allow Renault to cover up to half of the electricity consumption of the… Continue reading Voltalia signs 15-year deal to supply Renault’s plants with solar power
Key meet to decide on adopting EV policy in Uttar Pradesh
LUCKNOW: The state government will be holding a key meeting this week to decide on adopting UP Electric Vehicle Manufacturing and Mobility Policy, 2022. The urban development department will brief the heads of the 17 municipal corporations on the key points of the policy and ask them to implement it across 17 cities of the… Continue reading Key meet to decide on adopting EV policy in Uttar Pradesh
India, GCC agree to pursue free trade agreement; resume talks: Goyal
New Delhi: India and the Gulf Cooperation Council (GCC) have agreed to pursue a free trade agreement (FTA) between the two regions and resume the negotiations, Commerce and Industry Minister Piyush Goyal said on Thursday. GCC is a union of six countries in the Gulf region — Saudi Arabia, the UAE, Qatar, Kuwait, Oman and… Continue reading India, GCC agree to pursue free trade agreement; resume talks: Goyal