Shipt Grocery Delivery Startup Raises $20M

Grocery delivery startup Shipt raised $20.1 million in funding Wednesday to offer up competition to Instacart. Greycroft Partners, Harbert Growth Partners and e.ventures participated in the Series A round. The company has raised $25.3 million to date. CEO Bill Smith founded the startup in 2014 and launched in Birmingham, Alabama. Now with offices in San Francisco, Shipt has grown to

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Daimler’s Blacklane is Expanding Globally

The German car-booking service Blacklane has raised its largest-yet financing round, in an eight-figure Series C round. What’s particularly interesting about this round is that it was led by existing investor Daimler, which wants Blacklane to expand its global business. Daimler (or more specifically its Daimler Financial Services business) is very active on the mobility services front at the moment.

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Uber to Pour $500m into Global Mapping Project

Uber is preparing to pour $500m into an ambitious global mapping project as it seeks to wean itself off dependence on Google Maps and pave the way for driverless cars. The company has decided to invest $500m in mapping, according to a person familiar with Uber’s plans, as it doubles down its efforts in this challenging space. By developing its

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Mahindra to Launch Two New Electric Vehicles This Year

Mahindra & Mahindra, with its all-electric sub-brand Reva, is the sole homegrown automaker in the Indian market which is focusing on zero emission vehicles. After it introduced Reva, the company introduced the second generation of the Reva-i which is now christened as the e2o. Last month, Mahindra also added the e-Verito in its zero-emission lineup. Now, a senior executive from

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Uber Sells China Operations to Didi Chuxing

Global ride-hailing giant Uber Technologies Inc. has given up its costly battle for China’s riders, swapping its local operations there for a minority stake in the country’s homegrown champion, Didi Chuxing Technology Co. Didi, said Monday that Uber and investors in its UberChina unit will take a 20% stake in the company. Combined with Uber’s China business that was valued

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BMW Connected – the Personalised digital mobility companion

BMW Connected seamlessly integrates the vehicle into the user’s digital life via multiple touchpoints, such as an iPhone or Apple Watch. Using a flexible platform called the Open Mobility Cloud as a basis, BMW is bringing out an all-encompassing digital concept that provides a seamless services experience covering all aspects of personal mobility.  The first version of BMW Connected focuses

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Cezeta 506, the New Retro Electric Scooter

Cezeta’s brand had done a first apparition in the 50’s by commercializing three models of scooters with a unique design, which created a cult of followers. The particularity of this brand-specific design is related to the position of the fuel tank, placed on top of the front wheel, an innovative and practical solution that helped to make room for a

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Hybrid Electric Vehicle (HEV) Battery Revitalizing Technology in Sri Lanka

Edirisinghe Brothers (Pvt) Ltd., (EBL) announced the opening of Hybrid Hub; a purpose-built facility for the testing, conditioning and rebuilding of batteries for Hybrid Electric Vehicles (HEV) – the only such facility in Sri Lanka. EBL sought to address those vital areas by securing World-Class hybrid diagnostic technology, training and support from Automotive Research and Design (AR&D), U.S.A., via their

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