Transport | FI SENSE

myfisenseOctober 19, 2021

Toyota Motor is joining other major automakers in putting its money behind electrification, said on Monday it would invest $3.4 billion in battery development and production in the United States through the end of the decade. The investment, which comes through the Japanese automaker’s North American arm, includes plans for a new $1.3 billion electric […]

myfisenseOctober 5, 2021

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Malaysia’s AirAsia Group has received approval from Danajamin Nasional Berhad for a club facility of up to 500 million ringgit ($120 million), it said in a statement on Tuesday. The loan, 80% of which is guaranteed by the government, is earmarked for working capital purposes, which will support staff costs and key operating expenses such […]

myfisenseSeptember 24, 2021

Uber Technologies said it would start rolling out its pension plan to all eligible drivers in the United Kingdom, months after the ride-hailing service granted workers’ rights to its drivers in the country. In March, Uber had reclassified its more than 70,000 drivers in Britain as workers following a Supreme Court ruling. Uber had also […]

myfisenseSeptember 16, 2021

Trucking tends to be associated with highways, but it’s not uncommon to find large delivery vehicles trundling down the tightly packed streets of the world’s most populated cities. According to EV startup Volta Trucks, that’s far from ideal: in London, large commercial vehicles cause around 26% of pedestrian fatalities and around 80% of cyclist fatalities […]

myfisenseSeptember 15, 2021

Walmart has tapped Argo AI and Ford to launch an autonomous vehicle delivery service in Austin, Miami, and Washington D.C., the companies said Wednesday. The service will allow customers to place online orders for groceries and other items using Walmart’s ordering platform. Argo’s cloud-based infrastructure will be integrated with Walmart’s online platform, routing the orders […]

myfisenseSeptember 15, 2021

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Founded in 2013, Bangladesh’s Chaldal was one of the first grocery delivery startups in the world to use the “dark” store model, picking up orders from its own warehouses instead of retail stores. Now the company says it is the country’s second-largest grocery player and the largest grocery e-commerce platform, with 27 warehouses located in four cities. […]

myfisenseSeptember 14, 2021

Self-driving technology developer DeepRoute.ai announced on Tuesday the completion of a Series B funding round at over $300 million, as the startup continues its commitment to advancing urban logistics and popularising robotaxis. The oversubscribed round was led by Chinese e-commerce giant Alibaba Group, with participation from Asia-based growth capital investor Jeneration Capital and a fund […]

myfisenseSeptember 10, 2021

WeRide, a China-based autonomous driving startup, said on Thursday that it would start developing self-driving vans for urban logistics service, with automaker JMC and delivery firm ZTO Express. The Guangzhou-based startup, led by founder Tony Han, is pursuing what is known in the auto industry as a level 4 autonomous standard, in which the vehicle […]

myfisenseSeptember 7, 2021

Hyundai Motor Group is backing hydrogen as a top energy solution for sustainability. With its new fuel cell system that it plans to launch in the next few years, the South Korean automaker said it will provide hydrogen fuel cell versions for all its commercial vehicles by 2028. Hyundai announced its strategy for the future […]

myfisenseSeptember 6, 2021

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Indian logistics firm Delhivery has courted one more high-profile investor before its expected IPO in the next two quarters: Lee Fixel’s Addition. The Gurgaon-headquartered firm has disclosed in a regulatory filing that Addition has invested $76.4 million in the startup. The new investment is part of a Series I round, according to the filing, provided by […]

Category: Transport

Toyota earmarks $3.4 billion to boost EV battery production in the US through 2030

Malaysia’s AirAsia Group wins approval for $120m govt-guaranteed loan

Uber to roll out pension plans for UK drivers

Volta Trucks raises €37 million to bring electric delivery trucks to the streets of London and Paris

Walmart to launch autonomous delivery service with Ford and Argo AI

Chaldal, Bangladesh’s largest grocery delivery platform, raises $10M Series C

Self-driving startup DeepRoute.ai nets over $300m Series B from Alibaba, others

Nissan-backed Chinese startup WeRide to start developing self-driving vans

Hyundai Motor Group unveils its hydrogen strategy, plans to offer fuel cell versions of commercial cars by 2028

Lee Fixel’s Addition invests over $75 million in Delhivery

Google in talks to invest in Facebook-backed Indian social commerce Meesho

British fintech Zopa hits $1b valuation with SoftBank investment

Netflix says 142 million households watched Korean series ‘Squid Game’

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