L-R: Suman Mishra, CEO, Mahindra Electric Mobility; Subhash Desai, Minister of Industries & Mining, Maharashtra; Avinash Dhakne, Transport Commissioner – Maharashtra and Ashish Malik, head of Sales, Marketing & Customer Care, Mahindra Last Mile Mobility. Mahindra Electric Mobility has launched its electric three-wheeler (passenger carrier) the Treo in Maharashtra at Rs 209,000 (ex-showroom, Mumbai) post FAME-II,… Continue reading Mahindra Treo e-autorickshaw launched in Maharashtra at Rs 209,000
Tag: Mobility
Kia reveals Carens, its fourth model for India
Kia has unveiled the Carens, a name which is a combination of Car and Renaissance, and means the rebirth of the car, as per the Korean carmaker. With SUVs being the flavour of the passenger vehicle market globally, Kia is pitching the Carens as a recreational vehicle, and not simply calling it an MPV. The… Continue reading Kia reveals Carens, its fourth model for India
@niche: Lightyear and LeasePlan sign agreement for 5,000 solar electric vehiclesThis partnership marks world’s first solar car subscription serviceDecember 15…001510
Amsterdam and Helmond, the Netherlands, December 15, 2021 — Lightyear, the high-tech company developing the world’s first long-distance solar car, today signed an agreement with LeasePlan, one of the world’s leading Car-As-A-Service companies, to reserve 5,000 cars of Lightyear’s second model, which is scheduled to go into production by 2024/2025. LeasePlan had already committed to… Continue reading @niche: Lightyear and LeasePlan sign agreement for 5,000 solar electric vehiclesThis partnership marks world’s first solar car subscription serviceDecember 15…001510
@niche: Navya announces the complete remodling of its Navya Drive® software, launching version “6.X” as the core of multi-platform deployments001510
Villeurbanne, France, December 15, 2021 – 05:45 pm CET – NAVYA (FR0013018041- Navya), a leading company in autonomous mobility systems, […] Villeurbanne, France, December 15, 2021 – 05:45 pm CET – NAVYA (FR0013018041- Navya), a leading company in autonomous mobility systems, announces the launch of version “6.X” of its Navya Drive® autonomous driving software, a… Continue reading @niche: Navya announces the complete remodling of its Navya Drive® software, launching version “6.X” as the core of multi-platform deployments001510
Small Caribbean Nations Are Beating Global Giants In The E-Currency Race
LONDON, Dec. 16, 2021 /PRNewswire/ — Due to their digital currency adoption, Caribbean nations are quickly emerging as global leaders in digital finance. Last week, the Eastern Caribbean Central Bank (ECCB) rolled out its DCash digital currency to the Commonwealth of Dominica, making the e-money accessible in the seven nations part of the economic bloc.… Continue reading Small Caribbean Nations Are Beating Global Giants In The E-Currency Race
Hesai Pandar128 Ground Truth LiDAR Supported on NVIDIA DRIVE Autonomous Vehicle Platform
SHANGHAI, Dec. 16, 2021 /PRNewswire/ — Hesai Technology Co., Ltd., a global leader in 3D LiDAR sensors, today announced that its Pandar128 has been qualified as a ground truth LiDAR for use in the NVIDIA DRIVE autonomous vehicle (AV) platform. Hesai’s latest solution will be critical to the development of AV systems, which require object detection… Continue reading Hesai Pandar128 Ground Truth LiDAR Supported on NVIDIA DRIVE Autonomous Vehicle Platform
SoftBank-backed Indian ride-hailing firm Ola raises $500m loan
Indian ride-hailing company Ola said on Thursday it had raised a $500-milllion loan from international institutional investors, as the SoftBank Group-backed start-up preps to make its stock market debut next year. Ola, which has a majority share of India’s ride-hailing market where it competes with Uber Technologies, has plans to raise up to $1 billion… Continue reading SoftBank-backed Indian ride-hailing firm Ola raises $500m loan
Investments of USD 12.6 bn to fuel electric vehicles over the next 5 years
Tamil Nadu is the frontrunner accounting for about 34% share in total planned investments for EV, followed by Andhra Pradesh and Haryana with a share of 12% and 9% respectively. India is likely to witness investments of$12.6 billion across the automotive value chain over the next five years, according to a report titled ‘Electric Mobility… Continue reading Investments of USD 12.6 bn to fuel electric vehicles over the next 5 years
REE, Hitachi join forces to accelerate EV adoption
Hitachi America and REE Automotive have announced newly formed strategic agreement to ease and accelerate the adoption of electric vehicles across the entire EV value chain, including enabling manufacturing at scale, delivering commercial vehicle charging infrastructure and energy management, and providing comprehensive digital fleet management and operations for full visibility across EV fleets as organisations… Continue reading REE, Hitachi join forces to accelerate EV adoption
Data Vantage: Vertex’s Binance exit, Conversant’s funding, and other updates
Vertex Ventures Southeast Asia & India and Vertex Ventures China have exited their investment in the Singapore affiliate of cryptocurrency exchange Binance, according to regulatory filings. The funds, which are part of Temasek-backed Vertex Holdings’ global VC network, transferred their stakes in Binance Asia Services to Ireland-based Binance (Services) Holdings on Monday. The development coincided… Continue reading Data Vantage: Vertex’s Binance exit, Conversant’s funding, and other updates