$77 million investment opens door to fast-growing micromobility market Battery-swapping service unlocks new business model for Magna Opportunity to advance sustainable urban mobility in India AURORA, Ontario, Sept. 11, 2022 (GLOBE NEWSWIRE) — Mobility technology company Magna is expanding into the fast-growing micromobility market by investing $77 million in Yulu, India’s largest electrified shared mobility… Continue reading Magna Enters Micromobility Market: Investing in Yulu and Creating Battery-Swapping Business
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Indian electric mobility startup Yulu raises $82m led by Magna International
Indian electric mobility startup Yulu has raised $82 million (Rs 653 crore) in a Series B funding round, led by mobility technology company, Magna International, per an announcement. DealStreetAsia had reported in August that the startup is in talks with Magna to raise funds and aggressively expand operations in the market. With this round of… Continue reading Indian electric mobility startup Yulu raises $82m led by Magna International
Yulu gets fresh Rs 653 crore funding led by Magna International and Bajaj Auto
The Yulu Max battery swapping and charging station at Lajpat Nagar Metro Station, New Delhi Yulu, the shared electric Mobility-as-a-Service (MaaS) and Battery-as-a-Service (BaaS) company, today announced the infusion of $82 million (Rs 653 crore) in Series B funding round, led by mobility technology company, Magna International Inc. Existing investors including Bajaj Auto also participated in the… Continue reading Yulu gets fresh Rs 653 crore funding led by Magna International and Bajaj Auto
Global Vehicle Electrification ((ICE, Micro & Full Hybrid, PHEV, BEV) Markets, Analysis & Forecasts, 2016-2021, 2021-2026F, 2031F
DUBLIN, Sept. 8, 2022 /PRNewswire/ — The “Vehicle Electrification Global Market Report 2022” report has been added to ResearchAndMarkets.com’s offering. The global vehicle electrification market is expected to grow from $67.47 billion in 2021 to $74.60 billion in 2022 at a compound annual growth rate (CAGR) of 10.56%. The vehicle electrification market is expected to… Continue reading Global Vehicle Electrification ((ICE, Micro & Full Hybrid, PHEV, BEV) Markets, Analysis & Forecasts, 2016-2021, 2021-2026F, 2031F
Samvardhana Motherson to acquire frame making ops of DICV
Samvardhana Motherson International (SMI), an automotive parts conglomerate, has signed a strategic agreement to acquire assets of frame manufacturing and assembly operations from Daimler India Commercial Vehicles (DICV). These operations which were at its facilities in Chennai have been bought at book value. Also, as a part of the transaction SMI, has signed a long-term… Continue reading Samvardhana Motherson to acquire frame making ops of DICV
Magna (MGA), Cartken Tie Up for Fully Autonomous Delivery Robots
Magna International MGA and the autonomous robotics company, Cartken, recently inked an agreement. Per the deal, MGA will manufacture Cartken’s autonomous delivery robot fleet to cater to the booming demand for last-mile delivery. The manufacture of Cartken’s Model C robots has begun at a Magna facility in Michigan. There are plans to elevate the yield… Continue reading Magna (MGA), Cartken Tie Up for Fully Autonomous Delivery Robots
EV startup Bollinger acquired by Mullen Automotive for $148.2 million
Mullen Automotive has acquired a controlling stake in electric vehicle startup Bollinger Motors, buying up 60 percent of the struggling company’s stock for $148.2 million, the companies announced Thursday. Mullen said it will add Bollinger-designed medium-duty trucks and sport utility trucks to its inventory. The deal “positions Bollinger to capture the electric sport utility and… Continue reading EV startup Bollinger acquired by Mullen Automotive for $148.2 million
Azamara Unveils New Europe 2024 Itineraries for its Four-Ship Fleet with New Ports and Destination-Focused Video Series, ‘Lens of a Local’
Due to high demand, the independent company is offering more Country Intensive voyages, as well as a new video series diving into local life and an expanded partnership with PerryGolf MIAMI, Sept. 7, 2022 /PRNewswire/ — Azamara – the upmarket cruise line and leader in Destination Immersion® experiences – is pleased to unveil 84 Europe itineraries across its… Continue reading Azamara Unveils New Europe 2024 Itineraries for its Four-Ship Fleet with New Ports and Destination-Focused Video Series, ‘Lens of a Local’
Magna and Cartken to Collaborate on Autonomous Delivery Robots
Magna to scale Cartken’s autonomous delivery robots Production at a Magna facility in Michigan Additional models and different use-applications expected off same platform AURORA, Ontario and OAKLAND, Calif., Sept. 07, 2022 (GLOBE NEWSWIRE) — Global mobility technology company, Magna, and San Francisco-based autonomous robotics company, Cartken, announced today an agreement for Magna to manufacture Cartken’s… Continue reading Magna and Cartken to Collaborate on Autonomous Delivery Robots
Automotive Seat Massage System Market Size to Grow by USD 143.98 million due to the Increasing Electrification In Vehicles – 17,000+ Technavio Research Reports
NEW YORK, Sept. 7, 2022 /PRNewswire/ — The “Automotive Seat Massage System Market Forecast and Analysis 2022-2026″ report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the automotive seat massage system market between… Continue reading Automotive Seat Massage System Market Size to Grow by USD 143.98 million due to the Increasing Electrification In Vehicles – 17,000+ Technavio Research Reports