42 M BY MARK KANE Engie seeks how to make V2G cheap and profitable In one of the latest episodes of Fully Charged, Robert Llewellyn checked out the Vehicle-To-Grid (v2G) system installed by Engie at its head office outside Amsterdam in the Netherlands. French electric utility company seeks how to implement bi-directional charging with energy… Continue reading Fully Charged Visits Engie Vehicle-To-Grid Pilot Project: Video
Tag: Mitsubishi
Mitsubishi Motors Reports Best January Sales since 2007
CYPRESS, Calif.–(BUSINESS WIRE)–Mitsubishi Motors North America, Inc. (MMNA), the fastest-growing Asian brand in the U.S. for the second consecutive year*, today reported January 2019 sales of 8,708, an increase of 2.7 percent over January 2018. January 2019’s sales results represent MMNA’s best January sales since 2007. News and Notes: MMNA’s Crossover SUV lineup recorded 7,141 vehicles… Continue reading Mitsubishi Motors Reports Best January Sales since 2007
Go-Jek raises $1 billion in round led by Google, Tencent, JD
FILE PHOTO – A Gojek driver rides his motorcycle through a business district street in Jakarta, June 9, 2015. REUTERS/Beawiharta JAKARTA (Reuters) – Indonesian ride-hailing firm Go-Jek has raised around $1 billion in a funding round, led by Alphabet Inc’s Google, JD.com Inc and Tencent Holdings, sources familiar with the matter said on Friday. Google,… Continue reading Go-Jek raises $1 billion in round led by Google, Tencent, JD
Go-Jek makes first close of Series F round at $9.5B valuation
Go-Jek, the Indonesia-based ride-hailing company that is challenging Grab in Southeast Asia, has announced the first close of its Series F round, as TechCrunch reported last week. The company isn’t revealing numbers. Sources told us last week that it has closed around $920 million, but we understand that today that the round is at over $1… Continue reading Go-Jek makes first close of Series F round at $9.5B valuation
Indonesian ride-hailing firm Go-Jek hits big number with latest fundraising effort
afif c. kusuma | iStock Editorial | Getty Images
Bike passengers wearing Helmet with Gojek logo.
Indonesian ride-hailing company Go-Jek said Friday it had finalized the first closing of its ongoing Series F fundraising efforts.
Go-Jek's release did not disclose the amount of fresh funds raised.
An industry source familiar with the matter told CNBC that Go-Jek raised just more than $1 billion with the first close of the Series F funding round.
Investors included tech giants Google and Tencent as well as Chinese e-commerce player JD.com and Japan's Mitsubishi Corporation.
The company said the proceeds would be used to expand and deepen Go-Jek's presence in its home market, Indonesia, as well as Singapore, Vietnam and Thailand.
“We started out with ride-hailing but in a short space of time have become Indonesia's industry leader across all key verticals including transport, food delivery, mobile payments, logistics, and merchant services,” Nadiem Makarim, CEO of Go-Jek Group, said in a statement.
“As we expand internationally, we are excited to extend our vision to more countries and at the same time put Indonesia on the map as a regional hub for tech innovation,” he said.
Go-Jek has a presence in 204 cities and regencies across five countries in Southeast Asia. It has more than 2 million drivers and about 400,000 merchants on its platform.
Last month, the company made its beta service available to all users in Singapore.
Go-Jek's regional expansion puts it in direct competition with Grab, which announced a partnership with video streaming service Hooq earlier this week.
Grab has also raised funds north of $3 billion since last year as investors jump on board the potentially lucrative digital market in Southeast Asia.
The region's internet economy is set to exceed $240 billion by 2025, according to a report from Google and Singapore's Temasek Holdings.
Go-Jek said that after the close of the Series F fundraising, its founders would still maintain control over the decision-making process and direction of the company.
EXCLUSIVE Carlos Ghosn: “I am alone in front of an army that throws me horrors in the face”
After ten weeks in detention, how are you? I am concentrated. I want to fight to restore my reputation and defend myself against false accusations. I am denied bail . It would not happen in any other democracy in the world. In front of me, there is an army. At Nissan, there are several hundred… Continue reading EXCLUSIVE Carlos Ghosn: “I am alone in front of an army that throws me horrors in the face”
Exclusive interview: Ghosn ‘plot and treason’ led to arrest – Nikkei Asian Review
TOKYO — Former Nissan Motor Chairman Carlos Ghosn told Nikkei in an exclusive interview Wednesday that he had “no doubt” that the charges against him were the result of “plot and treason” by Nissan executives opposed to his plan for deeper integration between Renault and its two Japanese alliance partners. Speaking on the 10th floor… Continue reading Exclusive interview: Ghosn ‘plot and treason’ led to arrest – Nikkei Asian Review
Carlos Ghosn claims ‘plot and treason’ led to arrest
Kyodo | Reuters
A court sketch, drawn by Nobutoshi Katsuyama, shows ousted Nissan Motor Chairman Carlos Ghosn during a January open hearing to hear the reason for his continued detention, at Tokyo District Court in Tokyo, Japan.
Speaking from his Tokyo prison, the former Chairman of Renault-Nissan Carlos Ghosn told Japanese media that “plot and treason” by Nissan management led to his arrest.
In his first interview since being jailed, Ghosn told the Nikkei Asian Review on Wednesday that his plan to further integrate the automakers Nissan, Renault and Mitsubishi had triggered his downfall.
Ghosn said closer integration had been discussed with Nissan President Hiroto Saikawa in September but Saikawa had excluded Mitsubishi's CEO from the talks.
The tycoon reportedly said he had “no doubt” the legal charges against him were a result of “plot and treason” by Nissan management who opposed the strategy.
According to Ghosn, people who wanted to remove him from his role had also created a false image that his reign was a dictatorship.
“People translated strong leadership to dictator, to distort reality,” Ghosn said.
Nissan confirms SEC inquiry into company payment practices
7:29 AM ET Mon, 28 Jan 2019 | 00:38
Ghosn, along with former Nissan Director Greg Kelly, have now spent more than 70 days in jail.
Japanese prosecutors claimed the pair failed to declare around $43 million in deferred compensation between the years of 2010 and 2015. Ghosn is also accused of transferring personal trading losses to the company books.
Nissan has also separately accused Ghosn of receiving improper payments as well as using a third-party to purchase luxury properties in Rio de Janeiro and Beirut. The Brazilian-born businessman denies all the charges.
When asked about his health, the 64-year-old said he was “doing fine” and that life in the detention center was “up and down.”
On suggestions that he is being kept in prison as he is considered a flight risk, Ghosn responded: “I won't flee, I will defend (myself).”
French auto firm Renault holds a 43 percent stake in Nissan, while Nissan holds 15 percent of Renaults stock and a 34 percent stake in Mitsubushi Motors.
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Ghosn says Nissan executives used ‘plot and treason’ to halt Renault integration: Nikkei
TOKYO (Reuters) – Carlos Ghosn said Nissan executives opposed to his plans for closer ties with automaking partner Renault SA resorted to “plot and treason” to disrupt them and were behind the financial misconduct allegations against him. FILE PHOTO: Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, poses after the Renault’s 2015 annual results… Continue reading Ghosn says Nissan executives used ‘plot and treason’ to halt Renault integration: Nikkei
Mitsubishi Motors Carves a New Creation for Geneva
TOKYO–(BUSINESS WIRE)–Mitsubishi Motors is famous for carving its own niche. Soon its latest creation will be revealed, bringing more SUV capability, EV efficiency, technology and style to the lineup. Named after a beautiful, rugged Alpine town with a history of sporting success, the MITSUBISHI ENGELBERG TOURER will make its debut at the Geneva International Motor… Continue reading Mitsubishi Motors Carves a New Creation for Geneva