Tag Archives: Expansion

Volo Auto Museum to end car shows, plans expansion

The fifth annual VooDoo A-Go-Go car show will be the last show held on the grounds of the Volo Auto Museum, 27582 Volo Village Road. Museum officials’ expansion plans are behind the decision to end car shows, although twice annual car corrals are expected to continue. Courtesy of Richard Coyne Schultz The last car show on the grounds of the Volo ... Read More »

Hugo Barra, Xiaomi’s Global VP, Is Leaving the Company in February; Senior VP Xiang Wang to Lead Global Expansion Now

Hugo Barra, Xiaomi’s Global Vice President, is leaving the Chinese smartphone brand to return to Silicon Valley after a three and a half year stint at the company. He had been the face of the company and played a crucial role in Xiaomi’s growth as a prominent name in the highly competitive smartphone market. Before joining Xiaomi, Hugo Barra was ... Read More »

Qualcomm Design in India Challenge II Announced Alongside Local Expansion Plans

Global chip maker Qualcomm on Tuesday announced investment of $8.5 million (roughly Rs. 57.7 crores) for expansion of its design initiatives in India, which would primarily include funding its Innovation Labs at Hyderabad and Bangalore. A portion of the investment earmarked for design initiatives will also be utilised for its Design in India Challenge 2017, a programme that nurtures promising ... Read More »

SelfDrive.in Plans to Raise $6 Million for Expansion in Next 6 Months

SelfDrive.in, the Pune-based online self-drive cab operator, is planning to raise $6 million (roughly Rs. 40 crores) from venture capitalists over the next six months to fund expansion into Delhi, Bengaluru and Hyderabad. “We are talking to a couple of venture capitalist funds to raise around $6 million over the next six months as we look to enter Delhi, Hyderabad ... Read More »

Uber Racked Up Big International Losses During 2014 Expansion

The international business of Uber, the US-based ride-hailing service, lost $237 million in 2014, a big increase on a deficit of $31.9 million the previous year, as the company expanded around the globe. The figures, the latest available, were disclosed in an official filing lodged with the Dutch Chamber of Commerce last month. Uber’s international headquarters are in Amsterdam. Although ... Read More »