Foodpanda India Hungry for Funds

MUMBAI/ BENGALURU: The embattled Rocket Internet-backed Foodpanda, which last year saw allegations of internal fraud and misappropriation of funds being levelled against its top management, is learnt to be in the process of raising fresh capital. The company recently engaged Mumbai-based mid-market investment bank o3 Capital for a $40-60 million fund-raise as it initiates talks with investors, people familiar with

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Tesla Introduce InsureMyTesla

InsureMyTesla plan unique features. If a totaled vehicle is less than 36 months old, insured owners would get a new vehicle of the same model and series. Tesla Home Wall connector damage is covered. Owners can choose any authorized Tesla repair facility for fix damaged vehicles. The car is also insured for any driver. Tesla has now entered the car

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Google Waze Enter Ride-Sharing Service

Google began a pilot program around its California headquarters in May that enables several thousand area workers at specific firms to use the Waze app to connect with fellow commuters. It plans to open the program to all San Francisco-area Waze users this fall. Waze wants to connect riders with drivers who are already headed in the same direction. The

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Didi Chuxing Join Hands with Taxi Companies To Improve Efficiency

Didi Chuxing, China’s largest ride share company, announced a partnership with nearly 50 taxi companies across ten Chinese cities to launch new initiatives geared towards improving their efficiency, according to a company announcement. The news came after earlier media reports pointed to Didi’s plans to potentially acquire one or more taxi companies in China. DiDi and the taxi companies, at

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China to Impose Higher Tech Standards on Electric Vehicle Startups

China’s electric-vehicle industry, with 200-plus companies backed by a raft of billionaires, verges on a massive shakeout as the government imposes stricter technology standards on fledgling manufacturers and considers limiting their number to only 10. The higher standards would be aimed at weeding out the weak, said a senior executive with the state-backed auto manufacturers’ association, and they may push as

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American Hybrid Car Goes on Sale in China

Buick LaCrosse Hybrid went on sale in China this week General Motors will market hybrid-powered vehicles with partner SAIC Motor Corp. under the Buick, Chevrolet and Cadillac brands. SAIC General Motors Co. will introduce the Chevrolet Malibu XL hybrid, Buick LaCrosse hybrid and  Cadillac CT6 plug-in hybrid in China this year. The Malibu and LaCrosse will feature a 1.8-liter engine

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BYD All-Electric Sanitation Truck with 400km Range 8 Hrs Operations

The world’s first all-electric line of sanitation trucks was recently launched in Beijing by BYD Company and the Beijing Environmental Sanitation Engineering Group, according to an email sent to CleanTechnica. The launch event revealed that the partnership had created 26 models for this lineup. These electric sanitation trucks will replace around 45% of the Beijing Environmental Sanitation Engineering Group’s current diesel fleet

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Orange EV T-Series Electric Terminal Truck

The new T-Series electric terminal trucks build on the company’s initial T-Series trucks (capable of up to 24 hours of operation per charge), which have now been deployed at various sites in the manufacturing, shipping, retail distribution, warehouse, railroad inter-modal, and waste management industries. A locked-in price, as well as production priority and Orange EV’s telematics service free of charge,

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