India

Cars24 fund raises $11M from parent company Global Car Group

08 April 2019

Indian-based online marketplace, Cars24, recently announced it has raised over $11 million from its parent company Global Car Group.

Zoomcar prepares to fund raise $500M

04 April 2019

Editor

No Comments

Greg Moran, CEO, Zoomcar stated, “This will be equity plus structured debt that will be totaled around $500 million. We will have a number of global financial partners joining this round.”

Ola is preparing to enter the self-driving market

02 April 2019

Editor

No Comments

Currently, Ola only offers short distance and inter-state rental cabs. With the new services, Ola will compete directly with other autonomous vehicle companies currently offering services in India.

Car2Drive brings car subscription options into Hyderabad, India

02 April 2019

Editor

No Comments

Its business model, Car2Drive, will be responsible for all the damages, repairs, and insurance, while the customer can take their favorite car with no hassles of down payment or registration charges.

Germany's Wunder is hoping carpooling helps India's pollution

28 March 2019

Editor

No Comments

Wunder Mobility, which is focusing on both B2B and B2C models by tying up with corporates and offering its carpooling platform directly to end-users, is also betting on B2G to growth business.

SparesHub, a car parts startup, receives $500K from Indian Angel Network

27 March 2019

Michael Hunt

No Comments

SpareHub will use this new infusion of money to expand their business as well as grow their technological capabilities.

Ola fund raises $300M from Hyundai, Kia to make electric vehicles

22 March 2019

Editor

No Comments

As part of the investment, automakers will work with Ola to develop customised offerings for drivers and also build infrastructure around electric vehicles, the companies said in a release recently.

Several companies are hoping to push electric vehicles into the future

21 March 2019

Editor

No Comments

Platforms that focus on bike-sharing are hopeful that they can grow and expand in the $300 million marketplace for ride-sharing and renting within India.

Drivezy fund raises $100M in equity and $400M in asset financing

19 March 2019

Editor

No Comments

The company will be using these new funds to grow into new markets and develop new services for their platform. The company has been expanding more and more throughout India and pushing into bike-sharing as well.

Car-share company Drivezy raises $500M to expand into US

15 March 2019

Editor

No Comments

While Drivezy would not identify the investors, the startup it did say the round will include a big Japanese investor as well as investors from the U.S., China and Singapore.