Funding for Southeast Asia’s car trading platforms is like buses. After a long wait without news, a third startup has raised funding in the space of a month. Carsome, a Malaysia-based company that also operates in Singapore, Indonesia and Thailand, announced today it has raised a $19 million Series B round just weeks after smaller… Continue reading Carsome raises $19M for its used-car sales platform in Southeast Asia
Tag: Mobility
Committed to electric mobility in China: Daimler becomes shareholder of BJEV
Expanding its strategic footprint in the field of New Energy Vehicles (NEV) in China, Daimler acquires a 3.93% stake in Beijing Electric Vehicle Co., Ltd. (BJEV), a BAIC Group subsidiary Hubertus Troska: “The investment in BJEV marks yet another milestone in the strong cooperation between Daimler and BAIC, and it underlines our commitment to the… Continue reading Committed to electric mobility in China: Daimler becomes shareholder of BJEV
Autoliv Nominated to Develop and Produce First Level 3 ADAS System for Geely
STOCKHOLM, March 8, 2018 /PRNewswire/ — Autoliv, Inc. (NYSE: ALV and SSE: ALIVsdb), the worldwide leader in automotive safety systems, has together with its software joint venture Zenuity, been selected to develop and produce the first Level 3 advanced driver assistance systems for Geely. Autoliv was selected as supplier for Geely’s Level 3 project, which… Continue reading Autoliv Nominated to Develop and Produce First Level 3 ADAS System for Geely
Taxify gathers in Cape Town for Winter Conference 2018
Originally a small start-up from Estonia, Taxify has skyrocketed in the last two years to become one of the fastest growing ride-hailing companies in the world and a truly global place to work. Our team has grown to over 450 people across 23 countries and 55 nationalities. At the end of February a part of… Continue reading Taxify gathers in Cape Town for Winter Conference 2018
Strong Growth and Excellent Financial Position
Targets surpassed – Continental enjoyed strong growth and profitability in fiscal 2017 Sales were up 8.5 percent at €44 billion with an adjusted EBIT margin of 10.9 percent Net income increased to €3 billion and earnings up to €14.92 per share Executive Board to propose a dividend increase of 25 cents to €4.50 per share… Continue reading Strong Growth and Excellent Financial Position
From vehicle finance provider to mobility service provider: Mercedes-Benz Bank grows with new products
Contract portfolio grows by 12 percent in 2017 to 26.9 billion euros CEO Franz Reiner: “The trend is towards flexible vehicle use and telematics-based billing.” New offers “InScore” and “Mercedes me Flexperience” Stuttgart – The business model of Mercedes-Benz Bank is transforming rapidly due to substantial changes related to customer needs. The traditional car loan… Continue reading From vehicle finance provider to mobility service provider: Mercedes-Benz Bank grows with new products
Malaysia’s online used car platform Carsome raises $19m in Series B
March 8, 2018 Carsome, an online used car platform headquartered in Malaysia, has raised $19 million in a Series B funding round led by Burda Principal Investments and joined by Gobi Partners. InnoVen Capital and Lumia Capital also joined the funding round. In a statement, the startup said it will use the funds to scale… Continue reading Malaysia’s online used car platform Carsome raises $19m in Series B
BMW Mulling Motorcycle Ride-Sharing in Congested Cities
BMW AG would like to start offering up the back seat on motorbikes and scooters to get around congested cities — if the issue of helmets can be solved. “This is definitely an option, but we haven’t found the solution for the second helmet yet,” Peter Schwarzenbauer, who heads BMW’s Mini, Rolls-Royce and motorcycle brands,… Continue reading BMW Mulling Motorcycle Ride-Sharing in Congested Cities
UPDATE 1-GM plans to expand Bolt EV output, asks Congress to help
WASHINGTON (Reuters) – General Motors Co (GM.N) Chief Executive Mary Barra called on the U.S. Congress on Wednesday to expand a consumer tax credit for electric vehicles as the automaker said it would boost production of its EV Chevrolet Bolt in response to strong demand. CEO of General Motors Mary Barra speaks with energy scholar… Continue reading UPDATE 1-GM plans to expand Bolt EV output, asks Congress to help
Elon Musk enlists Tesla’s all-electric Semi trucks to ship Tesla’s battery packs
“Eat Your Own Dog Food” is an aphorism referring to the Microsoft tradition of using its own software products, but it applies equally well to the first production cargo trip of Tesla’s all-electric truck — which carried battery packs from Tesla’s Gigafactory in Nevada to its car assembly plant in Fremont, Calif. Tesla CEO Elon Musk spotlighted… Continue reading Elon Musk enlists Tesla’s all-electric Semi trucks to ship Tesla’s battery packs