Southeast Asian ride-hailing firm Grab has made its most ambitious investment to date after it backed India-headquartered budget hotel network OYO to the tune of $100 million. The investment was part of a $1 billion Series E round led by SoftBank’s Vision Fund that closed back in September. The deal was first made public via a… Continue reading Grab invests $100M into India’s OYO to expand its budget hotel service in Southeast Asia
Tag: Strategy
PowerSphyr Raises $4M in Series A Focusing on Automotive “Cockpit of the Future” – PR Newswire
DANVILLE, Calif., Nov. 8, 2018 /PRNewswire/ — PowerSphyr, Inc. today announced an increased investment from Faurecia, one of the world’s leading automotive technology companies. “This is the ultimate ‘smart money’ investment given Faurecia’s commitment to deliver the truly connected car,” said Neil Ganz, President, and CEO. “This investment brings embedded wireless power to the global automotive… Continue reading PowerSphyr Raises $4M in Series A Focusing on Automotive “Cockpit of the Future” – PR Newswire
Opel: “The electric Corsa will be a real Volks-Elektroauto”
The electric Corsa should make it: The 2018 bought by PSA automaker Opel want with electric cars regain its lost market share over the years. The E-Corsa, which will be available in the 2019 anniversary year, should contribute to this. December 6, 2018, 6:20 pm, Werner Pluta Opel Corsa (Symbol picture): Black numbers for 2018?… Continue reading Opel: “The electric Corsa will be a real Volks-Elektroauto”
DENSO Invests Nearly $100 Million in Startups to Advance Mobility
KARIYA (Japan) ― DENSO, the world’s second largest mobility supplier, has invested nearly $100 million over a four-year period in startup companies around the world as part of its long-term vision to provide software-based solutions focused on electrification, automated driving, connectivity and shared economy. From cyber security to semiconductors and sensors, DENSO is investing in… Continue reading DENSO Invests Nearly $100 Million in Startups to Advance Mobility
Automation in Corporate Supporting Functions
Digital transformation, and with it the automation of tasks and entire business processes, is one of the crucial levers to become a high performance organization. Organizations are increasingly able to reallocate resources from standard, often routine tasks to those with high human value-add and higher strategic relevance. Repetitive tasks can be successfully automated to a… Continue reading Automation in Corporate Supporting Functions
Claims for damages: Porsche SE wants new judge in the diesel gate procedure
Porsche SE Investors accuse the holding company of having informed them too late about the diesel scandal and its financial consequences for VW. (Photo: AP) StuttgartIn connection with the numerous complaints filed by investors in the VWDiesel scandal wants the umbrella company Porsche SE achieve the replacement of the competent Stuttgart judge. The district court… Continue reading Claims for damages: Porsche SE wants new judge in the diesel gate procedure
FreeWire Raises $15 Million In Financing For Mobile Fast Charging
12 M BY MARK KANE FreeWire is not alone in believing that mobile fast charging is a good idea. FreeWire Technologies, the California start-up known mostly from its mobile electric vehicle charging systems, announced the successful closing of its $15 million Series A financing. “The financing will support the commercialization of FreeWire’s ultrafast EV charging… Continue reading FreeWire Raises $15 Million In Financing For Mobile Fast Charging
And Uber is going with . . . Bird (looks like)
Five months ago, the Bay Area-based electric scooter rental company Lime joined forces with the ride-hailing giant Uber, which both invested in the company as part of a $335 million round and said it was going to promote Lime in its mobile app. It’s looking now like that may have been a mistake for Lime. Though… Continue reading And Uber is going with . . . Bird (looks like)
Volkswagen Will Launch Its Last Gas-Powered Cars in 2026
Goodbye Gas-Guzzlers One of the world’s largest carmakers is going all-in on electric vehicles. According to a Reuters story, Volkswagen’s strategy chief, Michael Jost, told attendees at the Handelsblatt automotive summit conference on Tuesday that the company will launch its last generation of gas-powered cars in 2026. After that, he said, it will focus on EVs.… Continue reading Volkswagen Will Launch Its Last Gas-Powered Cars in 2026
Ford’s Venezuela unit offers buyouts as output dwindles -sources
CARACAS (Reuters) – Ford Motor Co (F.N) is offering buy-outs to staff at its moribund plant in Venezuela to reduce its payroll, two union leaders said, as the U.S. automaker seeks to streamline its money-losing South America operations. FILE PHOTO: The corporate logo of Ford is seen on a billboard at the facilities of the… Continue reading Ford’s Venezuela unit offers buyouts as output dwindles -sources