Magical Raises $35M in Series A Funding

Magical, a San Francisco, CA-based fully-remote company with a repetitive task automation tool, raised $35M in Series A funding. The round, which followed a $6M seed funding raised in 2020, was led by Coatue Management with support from existing investors at Greylock and Bain Capital Ventures, as well as Lightspeed Capital, SV Angels, Blank Ventures,… Continue reading Magical Raises $35M in Series A Funding

The Station: Ford’s vision for dealerships and Rimac’s big raise

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Shall we… Continue reading The Station: Ford’s vision for dealerships and Rimac’s big raise

SSK – Designing Hotels: A practice in art, science, and comfort

However, many hotel developers fail to look beyond the aesthetic aspect of interior design, missing another equally important facet: functionality. For example, when it came to designing a hotel in Mecca, Saudi Arabia, a city that gets incredibly congested around Hajj, one of the primary challenges the design needed to address was how to keep… Continue reading SSK – Designing Hotels: A practice in art, science, and comfort

Digital retail picks up pace

Auto dealerships in India are staring at an existential crisis amid a growing digitalisation, rapidly changing buyer behaviour and shrinking margins. This is making the need to scale up and re-invent by investing in people, processes and technology even more imperative, said auto industry veterans, top officials from insurance and finance companies and government functionaries… Continue reading Digital retail picks up pace

Chinese electric automakers see boost from post-COVID optimism, good metrics

Yahoo Finance Live anchors discuss what’s driving investor sentiment in Chinese electric automakers. Video Transcript BRIAN SOZZI: Chinese EV makers are seeing a charge this morning, charged up by strong sales numbers from Li Auto, as post-lockdown demand is set to keep things upbeat. Tax exemptions and subsidies from the Chinese government are also providing… Continue reading Chinese electric automakers see boost from post-COVID optimism, good metrics

EV Subscription Platform Ferry Partners with Inspiration Fleet to Deliver First Round of Tesla Model 3s and Ys to Austin Drivers

The Ferry App has received over 5,000 downloads as demand for flexible EV subscriptions expands in the U.S. AUSTIN, Texas, June 6, 2022 /PRNewswire/ — Ferry, the electric vehicle (EV) subscription platform that allows consumers to obtain short-term leases on new EVs, announced today it has partnered with Inspiration Fleet, the world’s only purpose-built EV-only Fleet… Continue reading EV Subscription Platform Ferry Partners with Inspiration Fleet to Deliver First Round of Tesla Model 3s and Ys to Austin Drivers

Gojek CEO Kevin Aluwi to step back from his role, to join GoTo board of commissioners …

In a major management change, Gojek co-founder and CEO and GoTo director Kevin Aluwi is stepping down from his executive position to join GoTo’s board of commissioners. GoTo Group chief executive officer Andre Soelistyo will take over Aluwi’s responsibilities once the shareholders approve the changes at the company’s annual general meeting on June 28, per… Continue reading Gojek CEO Kevin Aluwi to step back from his role, to join GoTo board of commissioners …

Global In-wheel Motor Market Anticipated to Garner a Revenue of $4,120.60 million and grow at a CAGR of 27.10% during the Analysis Timeframe from 2021-2028 [230-Pages] | Declared by Research Dive

The global in-wheel motor market is expected to see striking growth by 2028, owing to the scope of improving fuel efficiency of the vehicles. The Asia-Pacific region is predicted to have wide growth opportunities during the forecast period. NEW YORK, June 6, 2022 /PRNewswire/ — Research Dive has added a new report to its offering… Continue reading Global In-wheel Motor Market Anticipated to Garner a Revenue of $4,120.60 million and grow at a CAGR of 27.10% during the Analysis Timeframe from 2021-2028 [230-Pages] | Declared by Research Dive

Bridgestone and Tight End University Partner to Support Boys & Girls Clubs of America

“We are incredibly proud of the $20 million milestone because it demonstrates the profound impact we can make when we work together to build a better future for the next generation,” said Marko Ibrahim, President, BSRO. “Through customer, employee and partner donations, the Bridgestone Driving Great Futures program has helped address critical transportation and technology… Continue reading Bridgestone and Tight End University Partner to Support Boys & Girls Clubs of America

Tata Motors inks pact with BluSmart Electric for 10,000 XPRES T EVs

Anmol Singh Jaggi (L), CoFounder, BluSmart Electric Mobility and Shailesh Chandra (R), Managing Director, Tata Motors Passenger Vehicles at the signing. Tata Motors has signed an agreement with BluSmart Electric Mobility for delivering 10,000 XPRES T EVs to the company. This makes it the biggest ever EV fleet order in India, the company claimed. These… Continue reading Tata Motors inks pact with BluSmart Electric for 10,000 XPRES T EVs