May 24, 2018 Global online classified platform OLX Group has announced an investment of $89 million, through its early-stage investment arm OLX Ventures, in the C series funding round of online car marketplace Frontier Car Group (FCG), which has presence in six countries including Indonesia and Pakistan. FCG operates brands BeliMobilGue in Indonesia and CarFirst… Continue reading OLX Group injects $89m into auto marketplace Frontier Car Group
Tag: Didi
Superpedestrian Scoops Up $16.5M, Enters Bike-Sharing Frenzy
Bike sharing is the new ride hailing. Similar to what has played out with Uber, Lyft, Didi Chuxing, and other private car-hailing app companies, investors are pumping hundreds of millions of dollars into bike-sharing startups around the world racing to be the leading operator of fleets of bicycles that people can rent on demand. The… Continue reading Superpedestrian Scoops Up $16.5M, Enters Bike-Sharing Frenzy
Pick up some moving insights into the future of mobility with Gett chief executive Dave Waiser in Tel Aviv
Dave Waiser has been at the forefront of the mobility technology revolution in Israel for the past eight years, ever since he launched Gett in 2010. One of the last companies standing in the ultra-competitive global ride-sharing market, Gett has withstood competition from Didi Chuxing, Grab, Ola, Lyft and Uber and kept pace with those… Continue reading Pick up some moving insights into the future of mobility with Gett chief executive Dave Waiser in Tel Aviv
BMW First Foreign Car Company To Win Chinese Self-driving License
BMW China Services Ltd. has received two self-driving road test licenses from Shanghai regulators, making it the first foreign automaker to gain such permits, according to the official website of Shanghai Municipal People’s Government. The licenses allow BMW to use a 5.6-km section of public road in Shanghai International Automobile City to test its intelligent… Continue reading BMW First Foreign Car Company To Win Chinese Self-driving License
Asia Digest: Baidu joins Vesper round; Hyundai CRADLE invests in Metawave
May 16, 2018 Asian investors have backed US-based startups with Baidu joining in advanced sensor developer Vesper’s Series B funding and car-maker Hyundai Motor’s corporate venture arm Hyundai CRADLE investing in Metawave Coporation. Baidu joins Vesper’s $23m Series B Boston-based advanced piezoelectric sensors developer Vesper has raised a $23 million Series B funding, led by… Continue reading Asia Digest: Baidu joins Vesper round; Hyundai CRADLE invests in Metawave
Apple’s self-driving car fleet grows to 55 in California
Apple now has 55 self-driving cars registered with the DMV, compared to 27 earlier this year and just three last year. That means Apple has the second largest fleet of self-driving cars in California. Apple now has more cars registered than Waymo, which has 51, according to the Department of Motor Vehicles. General Motor’s Cruise,… Continue reading Apple’s self-driving car fleet grows to 55 in California
Didi Chuxing can now test self-driving cars in California
Quite a number of companies — 53, to be exact — have received permits to test self-driving cars with a safety driver in California. One of the more notable companies that has received a permit is China-based Didi Chuxing, which officially opened up its U.S.-based research lab last March. Also on the list of permit… Continue reading Didi Chuxing can now test self-driving cars in California
Didi Suspends Hitch Service For A Week Following Murder Case
Chinese ride hailing giant DiDi said it will suspend its hitch service nationwide for a week for rectification, following a murder case earlier this week. The case comes at a time when Didi is reportedly planning an initial public offering this year or next, and is facing increasing competition from strong new players in China’s… Continue reading Didi Suspends Hitch Service For A Week Following Murder Case
Carlos Ghosn: Range Is No Longer A Concern. Now The Issue Is Price.
May 11th, 2018 by Steve Hanley Carlos Ghosn may not be as sexy as Elon Musk, but he knows a thing or two about building and selling automobiles, especially electric cars. Since China is ground zero for the electric car market at the moment, it was only appropriate that Ghosn was in Hong Kong last… Continue reading Carlos Ghosn: Range Is No Longer A Concern. Now The Issue Is Price.
Murder case prompts China’s biggest ridesharing company to halt service
LightRocket via Getty Images When it comes to ridesharing companies, the safety of passengers is a universal concern. In China, Didi Chuxing, the country’s biggest ridesharing company, is stopping service for one week following the death of a female passenger. The victim, a 21-year-old flight attendant, was murdered, and the ridesharing driver is the main… Continue reading Murder case prompts China’s biggest ridesharing company to halt service