Asia

Maniv Mobility, a VC firm from Israel, raises $100M to invest worldwide

15 July 2019

“Mobility is a very global game,” stated Maniv Mobility's Company Partner, Olaf Sakkers. “That’s something that we want to pursue, plus our network of investors actually want global exposure.”

Cars24, a used car retail platform, switches to a franchise model in India

12 July 2019

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Cars24 plans to invest into the franchises, depending on the location. It is shortlisting partners after putting them through a lens, and clearing only one from every 200 applications.

CarDekho is preparing to hire 2000 new employees

12 July 2019

Michael Hunt

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CarDekho already has around 2,800 employees; the company has stated they will be hiring up in both technology and non-technology positions in multiple portions of the company in India.

Ameriabank starts new car retail platform

12 July 2019

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The platform offers multi-functional search options, enabling the use of filters to find a vehicle by model, sub-model, date of manufacture, and technical parameters of the machine.

Used car inventory opens up opportunities for online sales

12 July 2019

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BIRD's Finance Director, Sandy Permadi explained that the used car market is very wide. So the company is interested in investing in this new subsidiary as part of the BIRD business ecosystem.

sgCarMart and Ocean Protocol partner to launch secure data marketplace

11 July 2019

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sgCarMart is starting up a Know-Your-Vehicle used vehicle data marketplace to assist consumers when looking up information about cars.

Nio's CEO ready to enter Europe with their Chinese made electric cars

11 July 2019

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Nio's cars are competing directly with European electric cars in power and speed. Now the company eyes entering the European market.

Bykea's CEO and Founder, Muneed Maayr, discusses his motorbike-sharing platform

10 July 2019

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Muneed Maayr has invested and ventured into banking, online retail startups, and fund raised $5.7 million and is planning to expand their ride-hailing platform further throughout Pakistan.

Delhi's high court requests government's position on car-pooling platform

10 July 2019

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The petitioners contended that cars used for pooling are private vehicles, bearing white number plates, which are not permitted to carry passengers indiscriminately for hire.

Ola Electric fund raises $250 million led by SoftBank

09 July 2019

Michael Hunt

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After this investment round, Ola has become one of India's fastest growing companies. The company will use these new funds to begin bringing one million electric cars into India by 2021.