Carlo.in is focused on creating the largest team of portfolio managers in the automobile sector in India by not only providing the online buying and selling experience of either an used car or a new car.
The deal will also culminate in GO-JEK providing full support for the cost incurred for the production of advertising material, while driver partners receive net income from every advertisement placed.
As part of the cooperation, Bosch will provide its AVP technology, its experience in systems engineering and its IoT competencies. Alibaba Cloud, meanwhile, will share its technologies and its experience in cloud computing, data analysis and smart mobility.
Rajamobil was founded two years back with seed money from individual investors. It subsequently raised its first external funding round collecting more than $1 million in 2017 from a consortium of venture capital firms and prominent individual investors. Some of its VC backers include IDeosource and Stellar Kapital.
Didi has since put some expansion plans on hold while it shakes up its compliance and safety measures. Founder and Chief Executive Officer Cheng Wei told employees the company needs to overhaul a culture that put business growth before the well-being of its customers.
BYD, which is backed by Warren Buffet, hopes to launch its first self-driving car within three years. Its chairman and president, Wang Chuanfu, said he wants to make the company's products more intelligent, like a "super mobile phone on wheels".