Accelerators & Incubators
Policy & Regulation
Abu Dhabi’s Mubadala co-leads $2.25 billion investment in self-driving car company Waymo
It is the first-ever external investment round by Waymo that had started in 2009 as Google’s self-driving car project.
Dangote has made a NGN 63 Bn bet on locally produced trucks in Southeast Nigeria
The initial order was for 350 trucks, a number that has now grown to no less than 3,500 being supplied to Dangote’s businesses.
Self-driving startup Pony.ai raises $500m in Toyota-led funding
The latest fundraising values the three-year-old firm, already backed by Sequoia Capital China and Beijing Kunlun Tech Co, at around $3 billion
Sellanycar.com raises $35M investment to accelerate regional growth
The new capital will be used to accelerate growth throughout the GCC and SellAnyCar.com is now expanding into Saudi Arabia with plans to employ more than 300 Saudi nationals and open 100 branches throughout the Kingdom.
Shenzhen Based Autonomous Driving Technology Company AutoX Raised Tens of Millions of Dollars in a Series Pre-B Round Funding
The investment will be used on the launch of its Chinese operation.
China's passenger car sales to bottom out after expanded decline: report
The retail sales of passenger vehicles went down 7.4 percent year-on-year in 2019, compared with a 3-percent drop in 2018, to some 20.69 million units, according to the China Passenger Car Association (CPCA).
Mitsubishi Enters Commercial Agreement With Car Data Broker Otonomo
Otonomo’s technology collects and monetizes data from smart cars.
Porsche to Collaborate With Infrared Imaging Startup TriEye
TriEye develops shortwave imaging technology aimed to help vehicles function better under diverse weather and light conditions
GoMechanic raises $14.7M in Series B round led by Sequoia Capital, Chiratae Ventures
With 30+ workshops last year and 215 this year, the automative service startup aims to expand to 1,000+ workshops by December 2021.
NIO Capital Finished the Raising of Its First Dollar Fund, Raising Over $200 Million in Total
Established in 2016, NIO Capital mainly investment in big-data mobility and automotive transformation, hard technologies and industry upgrade, IoT and new consumption.
CarDekho Parent GirnarSoft Raises $40 Mn In Ongoing Series D Funding Round
The investment came in from Ping An Global Voyager Fund and Lenarco Limited.
Dubai Police Wants to Adopt Tesla’s Cyber Truck to Fight Crime
The cyber Truck is more capable in towing and hauling than the Ford F-150 Series and perform as a better sports car than a Porsche 911.
Bengaluru-based Vehicle maintenance startup FirstU raises seed round from India Quotient, others
The first round of funding the startup received will go into expanding the team as well as strengthening FirstU's product offering.
UAE Based Startup Invygo Raises USD$1M Funding
Invygo will be investing the funds raised into upcoming expansion plans in Saudi Arabia, Bahrain and other GCC countries.
Dubai-based pay-per-minute car rental startup Ekar raises $17.5 million Series B led by Dubai-based Polymath Ventures, expands to Saudi
The startup today has also announced that it is expanding to Saudi Arabia with the launch of its operations in Riyadh.
Xpeng Motors : Announces US$400 Million Series C Capital Funding
Xiaomi Corporation invests as a strategic investor, expanding collaboration in building smart mobility ecosystem.
Frontier Car Group
Frontier Car Group, Cars45 parent firm, raises $400 million from OLX Group
The Frontier Car Group will use OLX Group’s US$400 million to fuel expansion in emerging markets.
Bengaluru-based Vogo Secures $2.9 Mn In Bridge Funding Round From Existing Investors
Vogo has grown its expenses 94X with barely 2x growth in its revenues in FY19.
NIO Joined Hands with the Shanghai Public Security Bureau to Develop E8 Smart Patrol Concept Car
The E8 Smart Patrol Concept Car jointly developed by NIO and the Shanghai Public Security Bureau will support security control for the 2019 China International Import Expo.
Bestun Has Developed L1 and L2 Smart Driving System
FAW Car revealed on an interactive platform that Bestun has developed L1 and L2 smart driving systems, making advanced safety functions including ACC and AEB possible.
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