Category: Automotive

Juho Suh appointed Vice President and Head of Design Innovation Group

Juho Suh appointed as new Head of Hyundai Design Innovation Group Suh to lead advanced design and oversee design solutions for future mobility The appointment to boost Hyundai’s agility in adapting to future industry trends 10 July 2019 – Hyundai Motor Company appoints Juho Suh as Vice President and Head of Hyundai Design Innovation Group… Continue reading Juho Suh appointed Vice President and Head of Design Innovation Group

India’s Rivigo raises $65M to expand its freight and logistics platform

Rivigo, a tech startup in India that wants to build a more reliable and safer logistics network, has raised $65 million as major investors continue to place big bet on opportunities in overhauling trucking system in the country. The Series E round, which has not closed, for the five-year-old startup was led by existing investors… Continue reading India’s Rivigo raises $65M to expand its freight and logistics platform

Musk now most tenured CEO in global auto industry

Under Musk, Tesla is breaking all records. The electric car-maker achieved a record production of 87,048 vehicles and record deliveries of approximately 95,200 vehicles in the second quarter of 2019. San Francisco: For many of us, Tesla is a new entrant in the global auto industry but Elon Musk has actually become the longest serving… Continue reading Musk now most tenured CEO in global auto industry

India: Cycle sharing platform Yulu in talks to raise funds from Xiaomi arm, Shunwei, others

Bengaluru-based cycle sharing platform Yulu, which offers electric cycles and bicycles on hire for last-mile commute, is in advanced talks to raise a Series A round of ₹100 crore ($15 million) from Chinese investors, including Shunwei Capital, Xiaomi’s venture capital arm, and ex-InMobi chief business officer Atul Satija, according to three people aware of the development.… Continue reading India: Cycle sharing platform Yulu in talks to raise funds from Xiaomi arm, Shunwei, others

Chinese EV startup Seres halts US launch, lays off 90 people in Silicon Valley

Seres, the Chinese EV startup formerly known as SF Motors, is laying off 90 people in its Silicon Valley office, the company announced in a staff meeting held earlier today. The US launch of its first electric SUV, the SF5, is also now on hold, according to a recording of the meeting obtained by The… Continue reading Chinese EV startup Seres halts US launch, lays off 90 people in Silicon Valley

Warburg-backed logistics robotics startup Geek+ snags $150m Series C1 round

Chinese logistics robotics startup Geek+ has closed a $150 million Series C1 round, led by GGV Capital and US-based hedge fund D1 Capital Partners, according to an announcement on Wednesday. The round, which is reportedly the largest in the logistics robot industry – also saw participation of its existing investors including Warburg Pincus, a US-based… Continue reading Warburg-backed logistics robotics startup Geek+ snags $150m Series C1 round

Last Volkswagen Beetle drives into the sunset

PUEBLA, Mexico (Reuters) – Volkswagen (VOWG_p.DE) rolled the last Beetle off the assembly line on Wednesday, the end of the road for a car that ran from Nazi Germany through hippie counterculture but failed to navigate a swerve in consumer tastes toward SUVs. Serenaded by a mariachi band and surrounded by proud factory workers, the… Continue reading Last Volkswagen Beetle drives into the sunset