Ford Driving Skills for Life marks 16 years of free safety training with a 14-city U.S. tour that will provide hands-on driving lessons to more than 6,000 teens and their parents Ford Driving Skills for Life will unveil an innovative sleep suit to combat drowsy driving and sharpen its focus on teaching young people to… Continue reading Ford Driving Skills for Life Celebrates ‘Sweet 16’ Milestone with New Innovations, Expanded Safety Tech Training
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GreenFlux and Unica to provide 1000 EV charging stations to the Dutch government
EV charging infrastructure provider GreenFlux and energy solutions provider Unica have been granted a large contract by the Dutch government to build, manage, and maintain EV charging infrastructure at more than 100 government offices across the Netherlands. The two companies will construct a total of 1,000 charging stations, intended to serve government vehicles and private… Continue reading GreenFlux and Unica to provide 1000 EV charging stations to the Dutch government
Renault-Nissan payments to political advisers draw scrutiny
PARIS (Reuters) – Renault-Nissan is examining fees paid to consultants and political advisers including a serving European lawmaker, following Chairman Carlos Ghosn’s arrest and ouster from the helm of the carmaking alliance, two sources told Reuters. FILE PHOTO: The logos of car manufacturers Renault and Nissan in front of a common dealership of the companies… Continue reading Renault-Nissan payments to political advisers draw scrutiny
Go-Jek makes first close of Series F round at $9.5B valuation
Go-Jek, the Indonesia-based ride-hailing company that is challenging Grab in Southeast Asia, has announced the first close of its Series F round, as TechCrunch reported last week. The company isn’t revealing numbers. Sources told us last week that it has closed around $920 million, but we understand that today that the round is at over $1… Continue reading Go-Jek makes first close of Series F round at $9.5B valuation
Gwangju-Si and Hyundai Motor Company Sign an Agreement to Create More Jobs in Gwangju-si
Gwangju-si and Hyundai Motor Company signed an agreement for labor and management coexistence and social integration-type ‘Gwangju-type jobs’ that is based on great social compromise. They were finally able to make a dramatic settlement after signings ended in failure in June and December of 2018. Construction of production plant will be completed by 2021 and… Continue reading Gwangju-Si and Hyundai Motor Company Sign an Agreement to Create More Jobs in Gwangju-si
Indonesian ride-hailing firm Go-Jek hits big number with latest fundraising effort
afif c. kusuma | iStock Editorial | Getty Images
Bike passengers wearing Helmet with Gojek logo.
Indonesian ride-hailing company Go-Jek said Friday it had finalized the first closing of its ongoing Series F fundraising efforts.
Go-Jek's release did not disclose the amount of fresh funds raised.
An industry source familiar with the matter told CNBC that Go-Jek raised just more than $1 billion with the first close of the Series F funding round.
Investors included tech giants Google and Tencent as well as Chinese e-commerce player JD.com and Japan's Mitsubishi Corporation.
The company said the proceeds would be used to expand and deepen Go-Jek's presence in its home market, Indonesia, as well as Singapore, Vietnam and Thailand.
“We started out with ride-hailing but in a short space of time have become Indonesia's industry leader across all key verticals including transport, food delivery, mobile payments, logistics, and merchant services,” Nadiem Makarim, CEO of Go-Jek Group, said in a statement.
“As we expand internationally, we are excited to extend our vision to more countries and at the same time put Indonesia on the map as a regional hub for tech innovation,” he said.
Go-Jek has a presence in 204 cities and regencies across five countries in Southeast Asia. It has more than 2 million drivers and about 400,000 merchants on its platform.
Last month, the company made its beta service available to all users in Singapore.
Go-Jek's regional expansion puts it in direct competition with Grab, which announced a partnership with video streaming service Hooq earlier this week.
Grab has also raised funds north of $3 billion since last year as investors jump on board the potentially lucrative digital market in Southeast Asia.
The region's internet economy is set to exceed $240 billion by 2025, according to a report from Google and Singapore's Temasek Holdings.
Go-Jek said that after the close of the Series F fundraising, its founders would still maintain control over the decision-making process and direction of the company.
Netradyne and HYUNDAI MNSOFT partner on HD map development
Netradyne, developer of driver- and fleet-safety AI technology, and HYUNDAI MNSOFT, a Hyundai Motor Group subsidiary that specializes in location-based services, cloud-based navigation software, and HD maps for autonomous vehicles, have announced a global partnership for the development of HD maps in next-generation Hyundai vehicles. [Native Advertisement] Netradyne’s Driveri platform, originally developed for use in… Continue reading Netradyne and HYUNDAI MNSOFT partner on HD map development
Uber’s transit offering just went live in Denver
Uber, after announcing its intentions to get into public transit last April, is ready to launch in Denver. In partnership with the Regional Transportation District and transit data provider Moovit, residents of Denver will now be able to navigate public transportation within the Uber app. For transit, Uber is serving two sets of customers: agencies… Continue reading Uber’s transit offering just went live in Denver
Hyundai Motor to invest $48 million in low-wage carmaking joint venture
President Moon Jae-in has made job creation a top priority since unemployment rates hit a 17-year high last year. SEOUL: Hyundai Motor announced on Thursday a $48 million investment in a contract auto manufacturing joint venture in South Korea that will create 1,000 new jobs but prompted strong protests from its unionised workers. Hyundai‘s first… Continue reading Hyundai Motor to invest $48 million in low-wage carmaking joint venture
Uber just added public transportation to its app
Uber customers who live in Denver may notice something strange when they open the company’s app today: a tiny train car with the word “transit” next to it, sitting atop the list of usual ride-hailing options. A quick tap produces a list of bus or train routes as well as the expected fare price and… Continue reading Uber just added public transportation to its app