Urban Mobility
The Iran Internet Group has secured a €20 million Series A round of financing for its ride sharing application Snapp. The South African mobile phone company MTN led the round. €20 million is among the second largest investments in Iran’s nascent startup ecosystem this year. In March Swedish based investment firm Pomegranate invested €60 million in Sarava, an Iranian investment firm
Read moreIran Khodro Co., an automaker based in Tehran, is reportedly in discussions with LG Chem to provide battery cells for its upcoming plug-in electrified vehicles (PEVs). Iran Khodro’s CEO Hashem Yekke-Zare, says that “negotiations are underway” and that a deal may be struck as soon as this fall. Iran Khodro plans to produce 60,000 PEVs by 2023, and LG Chem
Read moreIran’s Saipa Group CEO and Executive Member of the Board Mehdi Jamali told IRNA on Monday that his company will conclude an agreement with the major French automobile manufacture, Citroën, soon. He underscored that the contract fully accords with ‘Resistance Economy’, a set of policies outlined by the Supreme Leader, calling on the government to secure the utilization of the
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