Nexar, a startup that makes an AI-based dashcam app to monitor road safety, announced today that it has raised a $30 million Series B led by Ibex Ventures. Participants included Alibaba Innovation Ventures (the venture capital investment arm of Alibaba Group), Nationwide Insurance and returning investors Aleph, Mosaic Ventures, Slow Ventures, True Ventures and Tusk… Continue reading Nexar gets $30M Series B for its AI-based road safety dashcams and network
Tag: M and A
India: CarTrade acquires majority stake in Shriram Automall for $24.5m
January 24, 2018 Online automobile classified platform CarTrade, operated by MXC Solution Private Ltd, is acquiring a majority stake in Shriram Automall India Ltd (SAMIL) for nearly $24.5 million to create India’s largest used vehicle platform. CarTrade will acquire shares in SAMIL from Shriram Transport Finance Company Limited (STFC), the latter said in a BSE… Continue reading India: CarTrade acquires majority stake in Shriram Automall for $24.5m
Thales and Vector collaborate on connected car cybersecurity
Thales, through its German company Sysgo, and Vector, the Stuttgart-based specialist for automotive embedded electronics founded a joint-venture to address the critical issue of multiple software managing multiple – often safety-critical – functions. The volume and complexity of software used to manage virtually every aspect of a connected or autonomous vehicle, both mechanic and electronic,… Continue reading Thales and Vector collaborate on connected car cybersecurity
Car sharing services from BMW and Daimler: Car2Go and DriveNow merger on the home straight
All articles and backgrounds 01/24/2018 Carsharing services from BMW and Daimler Car2Go and DriveNow merger on the home straight PR Carsharing cars from Car2Go (left, Daimler) and Drive Now (right, BMW): Still in February probably official Will it finally be something with the merger of Car2Go and DriveNow? In front more than a year The… Continue reading Car sharing services from BMW and Daimler: Car2Go and DriveNow merger on the home straight
Indonesia’s BeliMobilGue raises $3.7M to let consumers sell their cars quickly and easily
A new startup in Indonesia wants to car owners in Southeast Asia’s country sell their vehicle with more security and reliability. BeliMobilGue — meaning ‘Buy My Car’ — was quietly started last year as a joint venture from Berlin-based Frontier Car Group and Intudo Ventures. It acts as a middleman between Indonesia’s car dealers and consumers… Continue reading Indonesia’s BeliMobilGue raises $3.7M to let consumers sell their cars quickly and easily
Berlin’s Blacklane raises $40-45M for its high-end transport on demand service
Transportation-on-demand startups betting on growth by homing in on specific market segments continue to play strong with both investors and customers looking for alternatives to traditional taxis and Uber. Today, Blacklane, a Berlin-based business that offers limousines and other high-end cars for airport and other medium-length journeys, is announcing that it has raised a significant… Continue reading Berlin’s Blacklane raises $40-45M for its high-end transport on demand service
Nissan and Shikoku Electric join forces to promote electric cars
Buyers of new Nissan LEAF in Japan’s Shikoku region to earn points toward electricity bill YOKOHAMA, Japan (Jan. 24, 2018) – Buyers of the new Nissan LEAF in a region of western Japan will earn points that they can use to help pay their utility bills, as part of a partnership to promote electric cars.… Continue reading Nissan and Shikoku Electric join forces to promote electric cars
BMW and Daimler close to merging car-sharing units – executive
BERLIN (Reuters) – German carmakers Daimler (DAIGn.DE) and BMW (BMWG.DE) are close to agreeing to combine their car-sharing services Car2Go and DriveNow, a senior executive at one of the carmakers told Reuters on Tuesday. The merger talks are in the final stages and the combined company will be independently run, with BMW and Daimler as… Continue reading BMW and Daimler close to merging car-sharing units – executive
Opel: temporary workers should be replaced by workers from Poland
Opelwerk in Russelsheim The French auto company PSA had already announced last November, a recovery plan for the acquired carmaker Opel. (Photo: Reuters) The carmaker Opel replaces an unknown number of temporary workers at its Rüsselsheim headquarters by regular employees from the Polish site in Gliwice. The plant there is currently only weakly utilized, so… Continue reading Opel: temporary workers should be replaced by workers from Poland
Automotive suppliers on an expansion course: VW-Schreck Prevent takes over German casting specialists
All articles and backgrounds 01/23/2018 Auto parts supplier on expansion course VW Schreck Prevent takes over German casting specialists DPA Headquarters of automotive supplier Prevent in Warmenau near Wolfsburg (Lower Saxony). This acquisition should be the VolkswagenBuyers eyeing with gawky eyes: Those by their spectacular dispute with VW Became known Prevent Group buys again in… Continue reading Automotive suppliers on an expansion course: VW-Schreck Prevent takes over German casting specialists