Tag Archives: Its

Carsome raises $50M for its used-car sales platform in Southeast Asia

Carsome,  a Malaysia-based marketplace for trading used cars, has closed a new $50 million financing round to fend off its rivals and grow its business in Southeast Asian markets. The new financing round, dubbed Series C, was funded by MUFG Innovation Partners (MUIP), the corporate venture capital arm and a wholly owned subsidiary of Mitsubishi UFJ Financial Group (MUFG); Daiwa PI Partners, ... Read More »

Kishore Biyani-led Future Consumer to take its brands to the bigger bazaar

NEW DELHI: Kishore Biyani-led Future Group company Future ConsumerNSE -2.92 % is set to take its portfolio of over two dozen personal care, snack and homecare products to general stores across the country, competing with consumer goods giants Hindustan UnileverNSE -0.56 %, Reckitt Benckiser and PepsiCo amid slowing consumption in India. “So far, we have been distributing only a few of our own brands in general trade ... Read More »

Used-car marketplace Vroom nabs $254M to take its growth up a gear

There have been a lot of bumps in the road for startups building used-car marketplaces, but now one of the longer-standing of them has closed a major round of funding — a clear sign of the mileage left in this category. Vroom has raised $254 million, a Series H that it plans to use to keep scaling the business, and specifically also ... Read More »

Spurred by robust used car sales, Cars24 to expand its network in India

Bengaluru: On the back of buoyant sales of used cars in India, Gurugram-headquartered tech-enabled used car company Cars24 is investing heavily on growing its presence across the country, and on improving its back-end technology, according to a top company official. Gajendra Jangid, co-founder and chief marketing officer of Cars24, in an interview to Mint, said that the company sells 13,500 cars ... Read More »

Frankfurt Motor Show: BMW Motorrad showcases its products

At the ongoing Frankfurt Motor Show, BMW Motorrad recently showcased some of its craziest motorcycle concepts. From electric scooters to all-out concepts, the luxury motorcycle manufacturer had a lot to offer. The Bavarian automaker showcased its flagship electric scooter, the C Evolution, which is equipped with three battery modules, with 12 lithium-ion battery cells in each module. The motor that ... Read More »

Ohio dealer’s car shows are ‘where it’s at’

Maxton’s event attracts hundreds of vehicles — just Chevys, please — and potential customers. The undertaking begins early on a Friday morning. Jeff Mauk and roughly a dozen employees at Jack Maxton Chevrolet in suburban Columbus, Ohio, begin clearing their entire lot of hundreds of vehicles, moving them from positions of prime real estate to another lot behind the dealership. ... Read More »

Maruti Suzuki ready with its 1.5-litre diesel engine

– 1.5 diesel might debut in the Ciaz – 1.3 DDiS engine to be phased out soon Maruti is right on track with its 1.5-litre diesel engine that will replace the ageing 1.3-litre DDiS unit by 2020. The engine is most likely to debut in the Ciaz and then make its way into the other models. As of today there ... Read More »

BMW flew its autonomous concept car on a cargo plane around the world

As I approached San Francisco International Airport, my expectations for BMW’s new concept car were as big as the looming Boeing 777F Lufthansa cargo jet waiting for me. https://www.facebook.com/v2.8/plugins/quote.php?app_id=122071082108&channel=https%3A%2F%2Fstaticxx.facebook.com%2Fconnect%2Fxd_arbiter%2Fr%2Fmp2v3DK3INU.js%3Fversion%3D42%23cb%3Df1a941a742a434%26domain%3Dmashable.com%26origin%3Dhttps%253A%252F%252Fmashable.com%252Fffe981ad81485c%26relation%3Dparent.parent&container_width=949&href=https%3A%2F%2Fmashable.com%2Farticle%2Fbmw-vision-inext-autonomous-electric-car%2F%23YneNFcUVSuqh&locale=en_US&sdk=joey I had surrendered my cellphone and everything in my purse but my drivers license to see BMW’s iNext vehicle. Its tour started in Munich a few days earlier; it came to the Bay ... Read More »

It’s OFFICIAL; Husqvarna announces KTM Duke 390-based Vitpilen & Svartpilen 401 for India

Swedish motorcycle maker Husqvarna, now owned by KTM, has just made an official announcement regarding its entry into the Indian market. Husqvarna is all set to transfer production of the Vitpilen cafe racer and the Svartpilen scrambler motorcycles to Bajaj Auto’s Chakan factory by the end of this year or early next year. What this means is the Husqvarna twins ... Read More »

Frontier Car Group raises another $58M for its used-car marketplace for emerging economies

  We’ve seen a large wave of used-car sales startups launch across developed markets like the U.S. and Europe, disrupting a marketplace that has largely been untouched for years. Now a startup focusing on the used car-sales opportunity specifically in developing economies is ramping up its activities. Frontier Car Group, a Berlin startup that has built a used-car marketplace targeted ... Read More »