Tag: Mobility

Booking.com owner backs Chinese Uber rival Didi with $500m

The US owner of Booking.com has backed Chinese ride-hailing app Didi Chuxing to the tune of $500m (£380m) as the company eyes making in-roads into Western markets. Booking.com and other travel sites will now offer integration with Didi, presenting a way for Western travelers and tourists to book rides using the Chinese app which offers a… Continue reading Booking.com owner backs Chinese Uber rival Didi with $500m

UK joins project for autonomous vehicle platform that can find potholes

Two UK road authorities and Jaguar Land Rover are contributing to a global research project intended to develop a system that could enable autonomous vehicles to spot potholes. Using a platform created by connected tech and transport analytics firm Inrix, JLR, Transport Scotland and Transport for West Midlands will contribute to the development of the AV Road Rules… Continue reading UK joins project for autonomous vehicle platform that can find potholes

Didi seeks $1.5 bln car services spinoff ahead of likely IPO -sources

HONG KONG: Chinese ride-hailing giant Didi Chuxing Technology Co Ltd is looking to spin off its car services unit in a deal worth up to $1.5 billion, ahead of its expected initial public offering (IPO), people with direct knowledge of the matter said. While Didi has never confirmed its plans for an initial public offering,… Continue reading Didi seeks $1.5 bln car services spinoff ahead of likely IPO -sources

Travel giant Booking invests $500M in Chinese ride-hailing firm Didi Chuxing

Didi Chuxing, China’s largest ride-hailing company, has pulled in some strategic capital after Booking Holdings invested $500 million into its business. The deal will see Booking Holdings — which was formerly known as Priceline — work closely with Didi to offer its on-demand car services through its Booking.com apps via an integration. Likewise, Didi customers… Continue reading Travel giant Booking invests $500M in Chinese ride-hailing firm Didi Chuxing

Ride-hailing giant Didi to spin off car services unit in up to $1.5b deal

July 17, 2018 Chinese ride-hailing giant Didi Chuxing Technology Co Ltd is looking to spin off its car services unit in a deal worth up to $1.5 billion ahead of its expected initial public offering, people with direct knowledge of the matter told Reuters. Didi is hoping to raise between $1 billion and $1.5 billion… Continue reading Ride-hailing giant Didi to spin off car services unit in up to $1.5b deal

Lyft outlines bike and scooter plans

On the heels of Lyft’s acquisition of bike-share company Motivate, the company is gearing up to fully integrate bicycle and scooter sharing into the app. There’s no word on exactly when this will happen, but it’s likely this will happen soon. Lyft is also investing $1 million to advance transportation equity to people in underserved… Continue reading Lyft outlines bike and scooter plans

China is Europe in battery production consider

D The first battery cell production for electric cars on German soil is being built in Erfurt, Thuringia. But her owner is not a German automaker. The operator comes from far away China. Contemporary Amperex Technology Co. Limited (CATL) is the name of the company, which is currently emerging as the world leader in the… Continue reading China is Europe in battery production
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Mahindra’s Auto Sector sells 45,155 vehicles during June 2018, a growth of 26%

Mahindra’s Auto Sector sells 45,155 vehicles during June 2018, a growth of 26% Registers a growth of 20% for the first quarter Mumbai, July 1, 2018: Mahindra & Mahindra Ltd. (M&M Ltd.), a part of the USD 20.7 billion Mahindra Group, today announced its auto sales performance for June 2018 which stood at 45,155 vehicles,… Continue reading Mahindra’s Auto Sector sells 45,155 vehicles during June 2018, a growth of 26%

Careem creates between 60,000 and 70,000 jobs per month… have you…

This is the NSC Olimpiyskiy Stadium in Kyiv. Last May it hosted the Champions League final between Real Madrid and Liverpool. Now imagine this stadium full of people… that is how many people are starting to work for Careem each month.

Here at Careem we are creating between 60,000 and 70,000 jobs per month, so despite being seen largely as a ride-hailing company, the biggest impact Careem has is not moving people, but rather, giving people jobs.

Having launched in Dubai in 2012, Careem has rapidly expanded to have a presence in 14 countries and 100 cities across the wider MENA region in just under six years. In that time, we have created over 850,000 job opportunities for Captains, and our presence is having a positive socio-economic impact in the markets in which we operate.

With more than 24 million customers we can generate steady incomes for the Captains who work with Careem. There were a lot of people in Pakistan, Saudi Arabia and Egypt who were not employed, or were under-emplo..