DUBAI (Reuters) – Careem, a Middle East competitor to Uber Technologies [UBER.UL], said on Sunday it had acquired RoundMenu and would start trialing food delivery services through the restaurant listing and reservation online platform this month. The Dubai-based ride hailing firm acquired the website and app for an undisclosed sum. “Careem will begin testing a… Continue reading Careem acquires Middle East online restaurant listing platform, to trial food delivery
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Uber is reportedly preparing to sell its Southeast Asian business to Grab
Uber is preparing to sell its Southeast Asian business to Grab in exchange for a stake in the Singaporean ride-sharing company that has a big presence in that region, according to a new report from CNBC. This wouldn’t be an unfamiliar story for Uber, which was handily beaten by Didi in China before eventually caving… Continue reading Uber is reportedly preparing to sell its Southeast Asian business to Grab
New Hendy dealership for Mazda, Kia and Honda in Eastleigh
Hendy Automotive is building a new multi-franchise dealership in Eastleigh Hampshire for Mazda, Kia and Honda. The company’s existing Leigh Road facility will now sell Ford. The new showrooms are expected to employ 90 people and the project is part of a partnership with Eastleigh Borough Council, which retains ownership of the site. Features include… Continue reading New Hendy dealership for Mazda, Kia and Honda in Eastleigh
H-E-B acquires Texas-based on-demand company Favor
H-E-B has acquired Favor, the on-demand delivery service out of Texas. Favor will continue to operate as an independent wholly owned subsidiary of the grocery chain. The company first in 2013, bringing a Texas-tailored approach to on-demand delivery. While many on-demand services, such as Postmates, focus on high-density areas like NYC and San Francisco, Favor… Continue reading H-E-B acquires Texas-based on-demand company Favor
Limebike Raises $70M B+ Round As Bike Sharing Competition Intensifies
US-based bike sharing company LimeBike has raised a US$70 million B+ round, the company announced today. The funds will suppport the company’s expansion beyond its core bike rental business, to include electric bikes and scooters, differentiating it from Chinese bike sharing giants such as Mobike and ofo. California-based Fifth Wall Ventures led the funding round, which brings… Continue reading Limebike Raises $70M B+ Round As Bike Sharing Competition Intensifies
Mahindra to Invest in Zoomcar
Mahindra to Invest in Zoomcar Investment in keeping with Mahindra’s thrust on Shared Mobility Business To invest up to Rs 176 crore February 15, 2018 Mumbai: Mahindra & Mahindra Ltd., part of the USD 19 billion Mahindra Group, today announced that it would be investing in Zoomcar India Private Limited and in Zoomcar Inc., its… Continue reading Mahindra to Invest in Zoomcar
Cummins acquires Johnson Matthey’s automotive battery systems business
Cummins Inc has announced the acquisition of Johnson Matthey’s UK automotive battery systems business, a subsidiary of Johnson Matthey that specialises in high-voltage automotive grade battery systems for electric and hybrid vehicles. As part of the acquisition, Cummins and Johnson Matthey also agreed to collaborate on the development of high energy battery materials for commercial… Continue reading Cummins acquires Johnson Matthey’s automotive battery systems business
Fight against driving bans: Taxpayers to finance retrofitting for diesel
All articles and backgrounds 02/16/2018 Fight against driving bans Diesel retrofits are apparently to be paid from tax money DPA Traffic in Dusseldorf The discussed hardware retrofits for older diesel cars are to be promoted according to media reports also with state money. But the plans encounter resistance. Owners of diesel cars should possibly be… Continue reading Fight against driving bans: Taxpayers to finance retrofitting for diesel
Mahindra & Mahindra to take 16 percent stake in Zoomcar
In November 2017, Mahindra Electric and Zoomcar launched 20 Mahindra e20 PLus EVs for hire by residents and visitors in Mysore. Mahindra & Mahindra (M&M) has announced that it is to invest in Zoomcar India and in Zoomcar Inc, its US incorporated holding parent company, in line with the automaker’s thrust on the shared mobility… Continue reading Mahindra & Mahindra to take 16 percent stake in Zoomcar
Roll Out with Lyft and Baltimore Bike Share
For nearly a decade, Lyft has been on a mission to improve people’s lives with the world’s best transportation. In Baltimore, this means working to provide city residents with access to multiple modes of transportation. That’s why we’re excited to announce the start of our three-year partnership with Baltimore Bike Share. We’ll be providing Baltimore… Continue reading Roll Out with Lyft and Baltimore Bike Share