Category: Automotive

Via Expands Chicago Service

In the United States, Via operates services in New York, Chicago, and Washington DC. Photo via Via.  Via has expanded its Chicago-area service, and is now available in Evanston, as well as Hermosa, Humboldt Park, and Mayfair. The expansion will see the Chicago-area service zone increase by more than 20%. All shared rides within Evanston… Continue reading Via Expands Chicago Service

Chinese EV maker CHJ seeks to raise up to $500m, eyes listing next year

April 30, 2019 Chinese electric vehicle (EV) maker CHJ Automotive is seeking to raise $300 million to $500 million in its latest funding round, two people with direct knowledge of the matter said, joining its peers in tapping more investors to finance growth. CHJ, founded by entrepreneur Li Xiang, sees itself valued at at least $2.5 billion… Continue reading Chinese EV maker CHJ seeks to raise up to $500m, eyes listing next year

REFILE-UPDATE 1-German chauffeur service Blacklane plans IPO within 3 years

DUBAI (Reuters) – German chauffeur service Blacklane is planning an initial public offering (IPO) in the next three years, its chief executive told Reuters, as it strives to build its position in the fast-growing premium taxi market. Any flotation would follow those of larger ride-hailing rivals. U.S. group Lyft listed last month with a valuation… Continue reading REFILE-UPDATE 1-German chauffeur service Blacklane plans IPO within 3 years

China electric car firm Faraday Future says obtains $225 mln in bridge financing

SHANGHAI, April 30 (Reuters) – Chinese electric vehicle developer Faraday Future said on Tuesday that it had obtained up to $225 million in bridge financing from a U.S. merchant bank to allow it to complete the development of its flagship FF91 model. Faraday, which has ambitions to overtake Tesla Inc, said in November that it… Continue reading China electric car firm Faraday Future says obtains $225 mln in bridge financing

Daimler Aims For 3 MW Charging For Electric Trucks

3 MW is comparable to 1,000 base 3 kW charging stations for cars or 1,000 households. Daimler Trucks North America, in one of its job listings, seeks an eMobility Senior Engineer – Vehicle Charging Systems (L5), which would participate in the development of very high power charging systems for electric trucks at up to 3 MW.… Continue reading Daimler Aims For 3 MW Charging For Electric Trucks

Paris-based shipping and logistics startup Fretlink lands €25 million to expand its range of services

Paris-based Fretlink connects shippers to the largest hub of local carriers in Europe, helping them to secure, manage, and optimize their transportation plans, while helping carriers to drive their business growth. For those of you who are joining us at the EU-Startup Summit on May 2-3 in Barcelona, Fretlink Co–Founder & CEO Paul Guillemin will be joining us to speak on our Future of Transportation panel.

Founded in 2015, the road transit specialist has just raised €25 million in a Series B round from the corporates Edenred and TIP, as well as existing investors including Daphni, Elaia Partners, Breega Capital, The Family, SGH Capital and Tekton Ventures. Also participating in the round was the Weaving Invest fund and the business angel F Grinda.

Edenred has a sector dedicated to mobility, and more specifically, fleet management, while TIP specializes in leasing industrial vehicles, with more than 70,000 trucks in Europe. These two new investors should allow Fretlink to enrich its of..