Bykea, a ride-hailing and parcel delivery startup based in Pakistan, has raised $13 million for its Series B round led by Prosus Ventures, according to a company statement. This is understood to be Prosus Ventures’s first investment in Pakistan. The round was also joined by existing investors Middle East Venture Partners (MEVP) and Sarmayacar, bringing… Continue reading Pakistan’s Bykea raises $13m Series B led by Prosus Ventures
Tag: Mobility
Automotive Grade Linux announces L4B Software, Sibros, Sonatus, Telechips and TotalCross Platform as new members
Automotive Grade Linux (AGL), a collaborative cross-industry effort developing an open source platform for connected car technologies, announces five new members: L4B Software, Sibros, Sonatus, Telechips and TotalCross Platform. AGL is an open source Collaborative Project at the Linux Foundation that is bringing together automakers, suppliers and technology companies to accelerate the development and adoption of a fully… Continue reading Automotive Grade Linux announces L4B Software, Sibros, Sonatus, Telechips and TotalCross Platform as new members
Aurora Labs ramps ‘self-healing’ software with $23M from LG Technology Ventures, Porsche SE, Toyota Tsusho
The automotive market is grappling with increasingly complex software systems, and in turn greater risks of glitches that can cause costly and unsafe disruptions and damage an automaker’s credibility. Just look at today’s new cars, trucks and SUVs compared to their counterparts a decade ago. New vehicles coming off assembly lines today contain tens of… Continue reading Aurora Labs ramps ‘self-healing’ software with $23M from LG Technology Ventures, Porsche SE, Toyota Tsusho
@VW Group: Annual General Meeting: Volkswagen confirms outlook for 2020 and underscores future investments
The Volkswagen Group today confirmed its outlook for 2020 and underscored the planned future investments despite the COVID-19 pandemic. “In both 2019 and 2020, we took significant steps towards becoming a leading provider of electric, digital mobility, achieving important milestones”, Group CEO Herbert Diess said at the virtual Annual General Meeting of Volkswagen Aktiengesellschaft. “The… Continue reading @VW Group: Annual General Meeting: Volkswagen confirms outlook for 2020 and underscores future investments
German Manager Magazin: Volkswagen AG: Herbert Diess announces conversion of VW at the annual general meeting000187
The auto company VolkswagenThe manager said on Wednesday at the virtual general meeting that it had to “transform itself from a collection of valuable brands”, primarily with combustion engines, to a digital company that reliably operated millions of networked electric vehicles. VW wants to be constantly connected online with these “mobility devices” in order to… Continue reading German Manager Magazin: Volkswagen AG: Herbert Diess announces conversion of VW at the annual general meeting000187
Prosus Ventures leads $13 million investment in Pakistan’s ride-hailing giant Bykea
Bykea, which leads the ride-hailing market in Pakistan, has raised $13 million in a new financing round as the five-year-old startup looks to deepen its penetration in the South Asian country and become a “super app.” The startup’s new financing round, a Series B, was led by storied investment firm Prosus Ventures. It’s the first… Continue reading Prosus Ventures leads $13 million investment in Pakistan’s ride-hailing giant Bykea
E-scooter startup Neuron Mobility adds $12M to its Series A for expansion in Australia and New Zealand
Neuron Mobility, a Singapore-based e-scooter rental startup, announced today that it has added $12 million to its Series A. Led by Square Peg, an Australian venture capital firm and GSR Ventures, this increases the round’s new total to $30.5 million. The company, which operates in Australia and New Zealand in addition to Southeast Asian markets,… Continue reading E-scooter startup Neuron Mobility adds $12M to its Series A for expansion in Australia and New Zealand
Sodion Energy bets on sodium-ion battery tech to power green vehicles
Sodium-ion batteries, which can be produced in cylindrical, pouch and prismatic format and are easily recyclable, can be a disruptor in the rapidly growing energy storage market as a safe, low-cost and high energy density battery. Sodion Energy plans to launch its battery packs by Q1 CY2021. The year 2020 will be remembered for a… Continue reading Sodion Energy bets on sodium-ion battery tech to power green vehicles
A new Indian EV maker begins its journey
For India to be a major global hub for electric vehicles (EV), which many stakeholders believe she can be, there has to be appropriate holistic efforts. Srivaru Motors (SVM), a Coimbatore-based EV maker, harbours some holistic plans which, if successful, will not only help establish itself as a major EV industry player but also contribute… Continue reading A new Indian EV maker begins its journey
Enhancing Competitiveness, Safeguarding Viability: Supervisory Board Approves Reorganization Plan
Closure of the tire plant in Aachen at the end of 2021 and of the location for automotive electronics in Karben by the end of 2024, structural adjustments for future prospects in Regensburg, and termination of the joint venture with Osram As things stand, the structural program contains no further comparable structural measures requiring Supervisory… Continue reading Enhancing Competitiveness, Safeguarding Viability: Supervisory Board Approves Reorganization Plan