Deutsche Post has announced that they will cease the manufacturing capacity of their StreetScooter before the end of this year. It seems that Post CEO Frank Appel has given up on finding a buyer for its subsidiary in the face StreetScooter’s continuing losses and the parent company’s recent profit losses through the coronavirus. A spokesperson… Continue reading Deutsche Post to cease StreetScooter production – www.electrive.com
Tag: Strategy
BorgWarner’s Christopher J Lanker: ‘Turbocharging is set to go on playing a crucial role in modern gasoline engines’
The vice-president and general manager, emissions, thermal and turbo systems, Asia Pacific, BorgWarner on engine downsizing as a continuing trend, supplying newly developed components for a new 1.5-litre BS VI engine for a leading carmaker in India, its extensive aftermarket portfolio for combustion, hybrid and EVs and more. A fair amount of your exhibits at… Continue reading BorgWarner’s Christopher J Lanker: ‘Turbocharging is set to go on playing a crucial role in modern gasoline engines’
Bajaj Auto to address EV user range anxiety with home charging infra
The new Chetak is powered by a 3.8kW/4.1kW electric motor. At 95km per charge, it has longer riding range than most other e-scooter rivals. Apprehension about travel range is one of the biggest reasons why Indian customers are not emptying their wallets on electric vehicles (EVs). Now Pune-headquartered Bajaj Auto, which recently launched its maiden… Continue reading Bajaj Auto to address EV user range anxiety with home charging infra
Google and Toyota invest in WhereIsMyTransport to improve transport in developing countries
London-based WhereIsMyTransport, a startup improving mass public transport in emerging markets, has announced a €6.8 million Series A round participated in by returning investors Global Innovation Fund and Goodwell Investments, plus new strategic investment from Google, Nedbank, Liil Ventures, and Toyota Tsusho Corporation (TTC).
WhereIsMyTransport, founded in 2015, is a big data platform for sustainable mobility in emerging markets, empowering people everywhere to get where they want to go. It is mapping the emerging world’s public transport networks, to become the de facto source of information for governments and service providers to improve transport services for hundreds of millions of people worldwide.
Mobility is a fundamental driver of social, political, and economic growth. In the majority world, it remains a critical stumbling block for billions of people living without reliable access to formal public transport services. They depend instead on vast, informally-run transpo..
Zoox scouts for funding ahead of self-driving taxi debut – Axios
Zoox is in “advanced discussions with several strategic partners and corporate investors” for its next round of funding, CEO Aicha Evans tells Axios. Why it matters: The self-driving car developer has been especially quiet for the past year or so, and venture capital sources say the company has struggled to raise capital to fund its… Continue reading Zoox scouts for funding ahead of self-driving taxi debut – Axios
Facebook Messenger ditches Discover, demotes chat bots
Chat bots were central to Facebook Messenger’s strategy three years ago. Now they’re being hidden from view in the app along with games and businesses. Facebook Messenger is now removing the Discover tab as it focuses on speed and simplicity instead of broad utility like China’s WeChat. The changes are part of a larger Messenger… Continue reading Facebook Messenger ditches Discover, demotes chat bots
@Toyota: Inchcape Fleet Solutions to be rebranded as Kinto following its acquisition by Toyota Fleet Mobility
Following the acquisition of Inchcape Fleet Solutions (IFS) by Toyota Fleet Mobility (TFM), the business is to be rebranded as Kinto, the new mobility brand launched by Toyota earlier this year. TFM completed its acquisition of IFS in December 2019, continuing its expansion in Europe and entering the UK’s fleet management and full service leasing… Continue reading @Toyota: Inchcape Fleet Solutions to be rebranded as Kinto following its acquisition by Toyota Fleet Mobility
@BMW: Virtual World Premiere of BMW Concept i4
Munich. Due to the current situation, the Geneva International Motor Show 2020 has been canceled. While we certainly understand this decision, we also regret that the fair cannot take place as usual. The BMW Group will carry out the program planned for Geneva including the world premiere of the BMW Concept i4 at a digital… Continue reading @BMW: Virtual World Premiere of BMW Concept i4
Pony.ai Raises $462M in Funding; Valued at $3 Billion
Pony.ai, a Fremont, California-based autonomous driving company, raised $462m in funding. The new round puts Pony.ai’s valuation at just over $3 billion. As part of it, Toyota Motor Corporation made a $400m investment. In August 2019, Pony.ai and Toyota initiated joint autonomous driving pilots in China. This year’s strategic investment will expand the partnership’s scope… Continue reading Pony.ai Raises $462M in Funding; Valued at $3 Billion
Group Renault to Launch Electric Carsharing Service in Paris
This launch in Paris is a new step in the partnership between Groupe Renault, a manufacturer of electric vehicles in Europe, and Ferrovial. Photo courtesy of Renault. Groupe Renault and Ferrovial, an operator of sustainable infrastructure, are launching ZITY, a free-floating, electric carsharing service in Paris. In March, a fleet of 500 all-electric Renault ZOE… Continue reading Group Renault to Launch Electric Carsharing Service in Paris