Mahindra & Mahindra – India’s number two SUV maker in terms of volumes and Temasek, the Singapore-headquartered global investment firm, have executed a binding agreement for Temasek to invest Rs 1,200 crore into MEAL (Mahindra Electric Automobile Limited), the four-wheeler (4W) passenger electric vehicles company. Temasek will invest Rs 1,200 crore in the form of… Continue reading Temasek to invest Rs 1,200 crore in Mahindra’s EV arm at a valuation of US$ 9.8 billion
Tag: Strategy
SIAM drives circular economy with an extended producer responsibility seminar
In order to drive a circular economy, the Society of Indian Automobile Manufacturers (SIAM), the apex automotive industry body, organised a seminar on ‘Achieving Circularity in the Automotive Industry through Extended Producer Responsibility (EPR)’. The seminar emphasised how effective EPR implementation can contribute to an Aatmanirbhar Bharat, Circular Economy, Decarbonisation, LiFE (Lifestyle for Environment), and achieve… Continue reading SIAM drives circular economy with an extended producer responsibility seminar
Maruti Suzuki Alto drives past 4.5 million sales 23 years after launch
The Maruti Suzuki Alto has become India’s highest selling car, having clocked cumulative sales of 45 lakh or 4.5 million units. The latest milestone for the small car comes 23 years after it was launched. The Alto saw strong consumer acceptance soon after its launch and by 2004 it had become the best-selling car in… Continue reading Maruti Suzuki Alto drives past 4.5 million sales 23 years after launch
Change in Kamux’s Group Management Team
HAMEENLINNA, Finland, Aug. 2, 2023 /PRNewswire/ — Kerim Nielsen, Country Director for Sweden and member of the Group Management Team, has decided to pursue a career opportunity outside of Kamux Corporation in early 2024. He will continue in his current position at least until December 31, 2023. The recruitment process for his successor will be… Continue reading Change in Kamux’s Group Management Team
Capri Sun to take over sales and distribution from Coca-Cola Europacific Partners in Western Europe in 2024
ZUG, Switzerland, Aug. 2, 2023 /PRNewswire/ — Capri Sun Group Holding AG, the no. 1 kids drink brand in the world, has announced today that it will take back the sales and distribution of its iconic pouch drinks in France, Monaco, Great Britain, Netherlands, Belgium, Luxemburg, Sweden, Spain, and Portugal in 2024, bringing to an… Continue reading Capri Sun to take over sales and distribution from Coca-Cola Europacific Partners in Western Europe in 2024
TIER IV joins World Economic Forum’s Unicorn Community: Leading global innovation through open source
TOKYO, Aug. 3, 2023 /PRNewswire/ — TIER IV, a pioneer in open-source autonomous driving (AD) technology, announced it has joined the World Economic Forum’s (WEF) Innovator Communities. The invitation-only unicorn group comprises leading startups at the forefront of technological and business model innovation, which share the common goal of addressing critical societal challenges. Named a Unicorn… Continue reading TIER IV joins World Economic Forum’s Unicorn Community: Leading global innovation through open source
Canadian AI chip firm Tenstorrent raises $100m from Hyundai, SamsungTenstorrent is one of several upstarts looking to challenge Nvidia
Tenstorrent, a Canadian startup headed by chip industry veteran Jim Keller that is developing artificial intelligence chips, said on Wednesday it has raised $100 million from Hyundai Motor Group and a Samsung investment fund, among others. Tenstorrent, which before this funding had already raised $234.5 million was valued at $1 billion, is one of several upstarts… Continue reading Canadian AI chip firm Tenstorrent raises $100m from Hyundai, SamsungTenstorrent is one of several upstarts looking to challenge Nvidia
Airalo, World’s Largest eSIM Marketplace, Raises $60 Million in Series B Financing
LEWES, Del., Aug. 1, 2023 /PRNewswire/ — Airalo, the pioneering eSIM marketplace revolutionizing global connectivity, announced today the successful completion of its Series B financing round, raising an impressive $60 million. Led by e& capital, the investment arm of e&, the global technology group, this brings Airalo’s total funding to $67.3 million. Antler Elevate, Liberty… Continue reading Airalo, World’s Largest eSIM Marketplace, Raises $60 Million in Series B Financing
A Game Changer in the $700 Billion Electric Vehicle Market
FN Media Group Presents Oilprice.com Market Commentary LONDON, Aug. 1, 2023 /PRNewswire/ — China is the ‘800-pound gorilla’ of global EV supplies, and it dominates this market in every way, including sales. Last year, China’s exports of EVs increased 131.8% YoY to some 680,000 units, based on official data. In the first half of 2023, the Chinese… Continue reading A Game Changer in the $700 Billion Electric Vehicle Market
Sojern and Profitroom Join Forces to Drive Direct Hotel Bookings
JOHANNESBURG, South Africa, Aug. 3, 2023 /PRNewswire/ — Sojern, the leading travel marketing platform, and Profitroom, a globally renowned award-winning booking and technology platform, today announced a new collaboration. In today’s era, where hotels closely monitor their budgets, the collaboration aims to equip hotels worldwide with a powerful combination of advanced booking technology and data-driven… Continue reading Sojern and Profitroom Join Forces to Drive Direct Hotel Bookings