Cargo, a NYC-based provider of in-car commerce for ride-share companies, secured $22m in Series A financing. The round was led by Founders Fund with participation from:– Coatue Management– Aquiline Technology Growth– Mark Pincus, Founder of Zynga– Vivi Nevo, Israeli-American Venture Capitalist– Colin Carrier, Former Twitch CSO– Emil Michael, Uber’s former Chief Business Officer– Josh Mohrer,… Continue reading Cargo Secures $22M in Series A Financing
Category: Automotive
Shaping the future of cities.
New York. URBAN-X, the leading accelerator for startups reimagining city life, founded by MINI and run in partnership with Urban Us, presented the outcome of its fourth generation of urbantech startup companies, Cohort 04. The startups are working on solutions to some of the biggest problems cities face around the world, such as optimizing building… Continue reading Shaping the future of cities.
UPDATE 1-VW will support retrofitting of older diesel cars in Germany – source
HAMBURG (Reuters) – Volkswagen (VOWG_p.DE) is prepared to support hardware retrofits for older diesel vehicles and offer incentives for drivers to swap some older diesel vehicles for newer ones, a person familiar with the matter said on Friday. FILE PHOTO: A car with the Volkswagen VW logo badge is seen on display at the North… Continue reading UPDATE 1-VW will support retrofitting of older diesel cars in Germany – source
Indian electric vehicle start-up gets angel funding to bolster leadership status
BENGALURU: Electric vehicle start-up Strom Motors (E14 Technologies Pvt Ltd) on Thursday said it has secured angel funding from Indian Angel Network (IAN). The investment would help the Mumbai-based start-up consolidate its leadership position in the technology-enabled mobility industry, setting up product sales, accelerate its geographical expansion and increase its consumer base across markets, a… Continue reading Indian electric vehicle start-up gets angel funding to bolster leadership status
In-car commerce startup Cargo raises $22 million led by Founders Fund
Cargo, the startup that helps ridesharing drivers earn money by bringing the convenience store into their vehicles, has raised $22 million in a Series A round led by Founders Fund. Additional investment came from Coatue Management, Aquiline Technology Growth as well as a number of high-profile entertainment, gaming, and technology executives who include Zynga founder Mark… Continue reading In-car commerce startup Cargo raises $22 million led by Founders Fund
Lamborghini sees India among top 10 global markets in 5 years
PUNE: Italian super sports car maker Automobili Lamborghini expects India to break into its top ten global markets in the next five years with its new SUV Urus, set to help drive up volumes in the country, a top company official said Thursday. The company, which sold 26 units in India last year, expects to… Continue reading Lamborghini sees India among top 10 global markets in 5 years
Applied Adhesives Acquires Pacific Adhesives
Applied Adhesives has announced its acquisition of Pacific Adhesives, Inc. Applied Adhesives will continue to market Pacific’s portfolio of hot-melt, water-based and palletizing adhesives and says that the union of the two companies will build on its tradition of customer service and its commitment to maintaining the highest possible standard in adhesive technologies. This represents… Continue reading Applied Adhesives Acquires Pacific Adhesives
Porsche Consulting: Life and mobility in tomorrow’s cities
The Porsche Newsroom is a service provided by the Porsche Communication for journalists, bloggers and the online community. The official website of Porsche AG can be reached at www.porsche.com © 2018 Dr. Ing. h.c. F. Porsche AG.*The data presented here was recorded using the Euro 5 test procedure (715/2007/EC, 692/2008/EC, 566/2011/EC and ECE-R 101) and the NEDC… Continue reading Porsche Consulting: Life and mobility in tomorrow’s cities
Volkswagen targeting further boost in factory productivity
Goal of the new TRANSFORM.TOGETHER production strategy: 30 percent increase in productivity worldwide by 2025 Board Member for Production Andreas Tostmann: “Efficiency potential in Production through 2025 totals €2.6 billion” Paradigm shift from product to process orientation to be implemented worldwide in eight action areas Production makes major contribution to achieving profitability target of over… Continue reading Volkswagen targeting further boost in factory productivity
Volkswagen and US elite Stanford University develop a fuel cell for the future
New triple power fuel cell catalyst developed Significant cost reduction with simultaneous increase in performance values The fuel cell is regarded as a serious alternative to the classic electric car with battery cells. However, the biggest problem is the comparatively high cost of the technology. A partnership between Volkswagen and the prestigious Stanford University in… Continue reading Volkswagen and US elite Stanford University develop a fuel cell for the future