Volvo uses Google platform in latest models Stellantis says it won’t use Google Automotive software for new-generation infotainment Google’s takeover of the dashboard was looking inevitable after the likes of Volvo, Renault, General Motors and Stellantis began rolling out the Android Automotive Operating System for their in-car infotainment. Then in June came Apple’s announcement it… Continue reading Stellantis Google decision show cracks in big-tech takeover
Category: Automotive
Expanded London ULEZ draws over £90 million in eight months
London’s Ultra Low Emission Zone has brought in almost £100 million for Transport for London in less than a year since it was expanded. Initially set up to cover London’s congestion zone, ULEZ was expanded in October 2021 to include the whole area inside the North and South Circular roads. According to TfL figures, the… Continue reading Expanded London ULEZ draws over £90 million in eight months
Bloodhound project returns with zero-emission focus
Edmondson admits that as “a fire-breathing machine of the old school”, Bloodhound had lost its relevance, but as a user of synthetic fuels, it becomes important all over again. He also hopes that this will renew its appeal to young people. Bloodhound has always set great store by its contact with students, hoping it will… Continue reading Bloodhound project returns with zero-emission focus
Nissan Z
Not in North America, though, where Nissan has opted to throw the dice one more time. The general fall in coupé sales meant the company wasn’t prepared to stump up for an all-new model, so beneath the Z’s retro bodywork is much of the 370Z’s structure. The closeness of the relationship is borne out by… Continue reading Nissan Z
Indian Angel Network launches second fund with $120m corpusIAN’s first fund had raised Rs 375cr in 2019
Early-stage investing platform Indian Angel Network (IAN) has launched its second fund, IAN Alpha Fund, with a target corpus of about $120 million (Rs 1000 crore), per an announcement on Thursday. The fund is aligned with IAN’s vision of investing in 500 startup, with Rs 5,000 crore, and creating 500,000 jobs, IAN said in a… Continue reading Indian Angel Network launches second fund with $120m corpusIAN’s first fund had raised Rs 375cr in 2019
Dymon Asia Private Equity to ramp up Thai presence, eyes deals in food space
Singapore-headquartered Dymon Asia Private Equity (DAPE) is looking at expanding its presence in Thailand, which the firm sees as one of the key focus markets in Southeast Asia. Having invested predominantly in Singapore and Malaysia-based companies, DAPE is seeking opportunities in the food-related sectors in Thailand due to the country’s access to a wide range… Continue reading Dymon Asia Private Equity to ramp up Thai presence, eyes deals in food space
Peter Lim-backed Singapore eyecare startup Plano sets sight on China market
Singapore-based eyecare firm Plano is hoping to make it big in China, where the annual optometry market is estimated to be over $13.9 billion. The company, backed by Singaporean business magnate Peter Lim, provides a parental control-enabled mobile app to help manage children’s device use and, consequently, eye health. Go to Source
Deal count soars in Q3, but fundraising falls YoY in Greater China
The dearth of growth- to late-stage megadeals continued to suppress fundraising in Greater China in the third quarter, despite the volume of PE-VC deals reaching a record high. The total value of venture investments in startups headquartered in mainland China, Hong Kong, Macau, and Taiwan stood at $15.1 billion in July-September 2022, down 34.7% from… Continue reading Deal count soars in Q3, but fundraising falls YoY in Greater China
SoftBank sets up executive committee to oversee Vision Fund 2
SoftBank Group Corp has created an executive committee to oversee its second Vision Fund, Latin America funds and any future funds, its founder and Chief Executive Masayoshi Son said in a memo to employees reviewed by Reuters. Alex Clavel will oversee investing teams in the United States and Latin America, Greg Moon will manage teams in Europe and Asia and Navneet Govil, Vision Fund‘s chief financial officer, will oversee other functional teams,… Continue reading SoftBank sets up executive committee to oversee Vision Fund 2
Allison Transmission Named Exclusive Provider for New XCMG All-Terrain Crane
INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, a leading designer and manufacturer of conventional, electric hybrid and fully electric vehicle propulsion solutions, is pleased to announce that it has been named the exclusive provider of transmissions for Xuzhou Construction Machinery Group’s (XCMG) newest all-terrain cranes, leading to additional growth for Allison Transmission outside North America. XCMG, one of the… Continue reading Allison Transmission Named Exclusive Provider for New XCMG All-Terrain Crane