The car leasing and rental market is forecast to be worth $124 billion in 2022, and today a startup that is hoping to get a piece of that action by making the process of leasing a car easier is announcing a Series A in its effort to get there. Honcker — a New York-based startup… Continue reading Honcker raises at least $15M from IAC as it takes on the car-leasing-on-demand market
Tag: M and A
Europcar and Snappcar develop their private hire service
Services By Samia Ben Ahmed, the 22/02/2018 Since June 2017, Europcar holds a 20% stake in the Dutch start-up. Europcar, in partnership with SnappCar, launches the Drive & Share mobility service in Germany and Denmark. A deployment that follows the success of this service in France. New mobility solutions are on the rise! Europcar partners… Continue reading Europcar and Snappcar develop their private hire service
Visteon Reports Strong 2017 Financial Results
View the full-year 2017 financial summary infographic Visteon Announces Strong 2017 Results Delivered strong financial performance Sales of $3,146 million ($797 million in fourth quarter) Net income of $176 million ($25 million in fourth quarter) Adjusted EBITDA of $370 million ($102 million in fourth quarter) Adjusted free cash flow of $148 million ($58 million in… Continue reading Visteon Reports Strong 2017 Financial Results
India Dealbook: Grab, The Healthy Billion, HighRadius Corp raise funds
February 22, 2018 Hyperlocal delivery startup Grab, healthtech firm The Healthy Billion and technology company HighRadius have received funding. Hyperlocal delivery startup Grab gets raises $1.3m Hyperlocal delivery startup Grab has received $1.3 million investment from Maharashtra State Social Venture Fund, managed by SIDBI Venture Capital according to a report by to a paper.vc. As per the… Continue reading India Dealbook: Grab, The Healthy Billion, HighRadius Corp raise funds
Kia Motors India to begin production by mid-2019
Construction of the new plant in Anantapur district of Andhra Pradesh began in mid-2017 with an investment of about $1.1 billion (around Rs 7,050 crore). Kia Motors India is going all out with its India operations. The carmaker has laid down the structural framework for its new manufacturing facility in the Anantapur district of Andhra Pradesh. The… Continue reading Kia Motors India to begin production by mid-2019
India: Tata said to be mulling sale of auto components unit
February 22, 2018 Tata group is planning to sell its automotive parts manufacturing company Tata AutoComp Systems Ltd (TACO), two people aware of the matter said. The group is currently in talks to hire an investment bank to manage the sale, the first of the two said on condition of anonymity. The sale process is… Continue reading India: Tata said to be mulling sale of auto components unit
From vision to business: Connected driving is becoming a growth area
Presentation by Dr. Volkmar Denner,chairman of the board of management ofRobert Bosch GmbH,at the Bosch ConnectedWorld press briefingon February 21, 2018, in Berlin. Check against delivery. Ladies and gentlemen: Connectivity is the future, and the future of mobility in particular. By that I mean not just modernizing the road and rail networks, but connecting all… Continue reading From vision to business: Connected driving is becoming a growth area
Entering the ridesharing business
Berlin and Stuttgart, Germany – Bosch is entering the ridesharing business. The supplier of technology and services has acquired Splitting Fares Inc. (SPLT), a U.S. start-up based in Detroit. SPLT operates a platform that allows companies, universities, and municipal authorities to offer their workforces ridesharing services. The B2B approach is designed especially for commuters. SPLT… Continue reading Entering the ridesharing business
DENSO Leads Dellfer’s Initial Funding Round, Supporting Cybersecurity for Connected Vehicles
KARIYA, Japan, Feb. 21, 2018 /PRNewswire/ — DENSO, one of the world’s largest automotive suppliers, has announced a significant investment in Dellfer, an IoT and automotive cybersecurity startup company based in San Francisco, California. Dellfer is a young startup focusing on cybersecurity solutions against “zero day” attacks within connected networks such as deployed IoT devices, and in… Continue reading DENSO Leads Dellfer’s Initial Funding Round, Supporting Cybersecurity for Connected Vehicles
Groupe PSA and Qualcomm advance testing for communication between vehicles
• Cellular Vehicle-to-Everything (C-V2X) communication technology with the evolution towards 5G is a relevant step for connected and autonomous vehicle deployment and for enhanced road safety• C-V2X technology trial will lead to a commercial deployment from 2020 • Groupe PSA and Qualcomm Technologies will showcase France’s first C-V2X demonstration at In&Out Digital Mobility event in… Continue reading Groupe PSA and Qualcomm advance testing for communication between vehicles