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The round has been led by London-based investment firm Unbound and Toronto-based KCK Global
Other investors include Moore Strategic Ventures, Sequoia Capital, DST Global etc
The company is looking to expand into 75 cities by the end of the year
Gurugram-based online used car marketplace Cars24 has raised $100 Mn (INR 714 Cr) in Series D equity funding round. The…
Existing investor Sequoia is also looking to invest in the round
Autohome Inc is speculated to invest $70 Mn in the round
CarDekho witnessed a 62% growth in its revenue for FY19
Jaipur-based automobile subsidiary of Girnar group, CarDekho, is raising a $100 Mn…
CleanseCar Had previously raised angel funding of $487K in 2018
The company wants to expand to all metro cities
CleanseCar was launched in 2018 and has over 20K subscribers
Daily car cleaning and repair service CleanseCar, on October 9, has announced…
Kia Motors will utilise Vodafone Idea’s IoT network to create strong connected solutions
The connected car platform would allow smart features and assistance for consumers
The Indian connected car market is expected to grow at 22.2% CAGR till 2025
South Korean automobile company Kia Motors has decided to venture into the…
The companies will be investing close to INR 30K-50K Cr over 8 years
Suzuki has partnered with automotive component manufacturer Denso and electronics giant Toshiba
It said to be the biggest lithium-ion battery manufacturing unit in the world
Venturing into the production of lithium-ion batteries and electrode, Japenese automobile major…
Response to an RTI enquiry revealed the names of the companies that purchased data
25 Cr vehicle registration records and 15 Cr driver licences were sold as part of the data
30 public and private banks also among the buyers
The Indian government has sold data from the citizen Vahan database, vehicle…
This will be in line with previous guidelines proposed in December 2016
Among other issues, women’s security will also be addressed
The new guidelines will be in alignment with the updated motor vehicle law
The practice of increasing fare during peak hours or during high demand…
Millenials prefer cab hailing services, the finance minister said
She assured that govt will reduce GST on vehicles
The auto industry is currently registering its worst sales of the last two decades
Finance Minister Nirmala Sitharaman on Tuesday blamed millennials’…
Amazon has filed 210 transportation patents between Dec 2016 and May 2019
The ecommerce giant has been investing in multiple transportation-related companies
Amazon has recently invested in an Indian urban mobility startup Shuttl
Amazon is reportedly working on a strategy to…
The funds may be used for geographical expansion and hiring
The company may also spend on brand building
Kunal Bahl and Ritesh Agarwal may also invest in GoMechanic
Gurugram-based automobile repair and service solution startup GoMechanic…
The latest round of funding was led by the family office of Joe Hirao, founder of ZIGExN
The company plans to use the funds for investing heavily in developing Droom Credit, its marketplace for used vehicles loans
With the latest funding, Droom team is looking to further expand its presence into C2C, C2B marketplace
Gurugram-headquartered online automobile marketplace Droom has raised $30…
The Move Is Aimed At Enhancing The Demand For Electric Vehicles In The Country
The Power Ministry is reportedly in the process…
