BENGALURU (Reuters) — Mahindra and Mahindra has raised $145 million from Temasek for its electric vehicle unit at a valuation of up to 805.8 billion rupees ($9.8 billion), the latest fundraising by the Indian automaker as it looks to ramp up EV sales. Temasek will take up to a 3% stake in the company which… Continue reading Mahindra EV unit raises $145m from Temasek at $9.8bn valuation
Tag: JLR
Waymo is bringing its robotaxi service to Austin
Waymo plans to launch a robotaxi service in Austin — putting the company once again in direct competition with rival Cruise. Austin will be the company’s fourth commercial market following Phoenix, San Francisco and Los Angeles. The company will kick off the initial phase of its operations in the city this fall; the ride-hailing service… Continue reading Waymo is bringing its robotaxi service to Austin
Cummins Reports Strong Second Quarter 2023 Results
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) today reported results for the second quarter of 2023. Second quarter revenues of $8.6 billion increased 31 percent from the same quarter in 2022. Sales in North America increased 31 percent and international revenues increased 32 percent due to the addition of Meritor and strong demand across most global… Continue reading Cummins Reports Strong Second Quarter 2023 Results
@Tata-JLR: Why we invested in ChipFlow, the startup reimagining semiconductor design through open-source tools
InMotion Ventures has participated in a £1.2m pre-seed round for semiconductor startup ChipFlow. The round was led by Fontinalis Partners, with participation from Fuel Ventures, and APX. Sam Nasrolahi, Principal at InMotion Ventures, explores why we invested The market An over reliance on third-party chip design houses has impacted the pace of semiconductor innovation. Resource… Continue reading @Tata-JLR: Why we invested in ChipFlow, the startup reimagining semiconductor design through open-source tools
Waymo One heads to Austin
It’s official. Austin will be Waymo’s fourth major ride-hail city, joining Metro Phoenix, San Francisco and Los Angeles, as we continue to expand and build momentum for our commercial ride-hail business. For the past few months, our team tested in and around downtown in our all-electric Jaguar I-PACE vehicles to reacquaint the generalizable Waymo Driver… Continue reading Waymo One heads to Austin
Advantage Tesla as Chinese automakers face scrutiny in India
China’s loss in India could be Elon Musk’s gain. Tesla has had a red-carpet welcome from India for its proposal to invest in the country, while its largest rival in electric vehicles, China’s BYD, has been stopped cold by increased scrutiny from New Delhi. The result could be an opening for Tesla to negotiate terms… Continue reading Advantage Tesla as Chinese automakers face scrutiny in India
Refrigerated transportation market will accelerate at a CAGR of 7.46% from 2022 to 2027|The rising consumption of frozen food drives market – Technavio
NEW YORK, Aug. 2, 2023 /PRNewswire/ — The refrigerated transportation market size is set to grow by USD 34,683.44 million between 2022 and 2027 and register a CAGR of 7.46%, according to Technavio’s latest market research report estimates. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis, and… Continue reading Refrigerated transportation market will accelerate at a CAGR of 7.46% from 2022 to 2027|The rising consumption of frozen food drives market – Technavio
Asia-Pacific Fuel Cell Electric Vehicle Market Report 2023-2030: Market Could be Hindered by Infrastructure, Price, and Safety Concerns Despite an Increasing Demand for EVs
DUBLIN, Aug. 2, 2023 /PRNewswire/ — The “Asia-Pacific Fuel Cell Electric Vehicle Market, By Vehicle Type (Passenger Cars (PC), Light Commercial Vehicle (LCV), Medium & Heavy Commercial Vehicle (M&HCV)), By Fuel Type, By Battery Capacity, By Country, Competition Forecast and Opportunities, 2018-2030F” report has been added to ResearchAndMarkets.com’s offering. Asia Pacific Fuel Cell Electric Vehicle Market… Continue reading Asia-Pacific Fuel Cell Electric Vehicle Market Report 2023-2030: Market Could be Hindered by Infrastructure, Price, and Safety Concerns Despite an Increasing Demand for EVs
Motorlux Features Automotive-Themed Culinary Pairings, First-Class Aircraft Display, and Expanded Experiences
The automotive and aviation celebration will also feature icons like the 2023 Cadillac V-Series.R, the Airbus Corporate Jets TwoTwenty, and hundreds of cars including a selection from the Broad Arrow RADIUS Auction. TRAVERSE CITY, Mich., Aug. 2, 2023 /PRNewswire/ — Motorlux, the automotive and aviation kick off to Monterey Car Week, will feature curated automotive-themed food… Continue reading Motorlux Features Automotive-Themed Culinary Pairings, First-Class Aircraft Display, and Expanded Experiences
Tata EV double decker bus patent image leaked
Tata Motors seems to be readying a fully electric double-decker bus, a leaked patent image has revealed. This all-new electric double-decker from Tata Motors will take on the Switch EiV22 double decker electric bus that is already in service in some Indian cities like Mumbai. Tata’s electric double decker bus: what does the patent image show? The single… Continue reading Tata EV double decker bus patent image leaked