Balderton Capital led the seed investment round for London-based carwow, an online website for those who want to buy new cars. Episode 1 Ventures, Samos Investments and angel investors also joined in the round.
Transportation
US-based on-demand transportation startup Lyft expands insurance coverage
San Francisco, US-based on-demand transportation startup Lyft announced that it will add more coverage to its ride insurance to include the time that drivers are not actively driving passengers.
American electric bike firm Brammo lands $9.5M in Series D funding
Oregon, US-based electric motorcycle manufacturer Brammo Inc landed $9.5 million in an on-going Series D funding round from Terracap Ventures and Aviva Investors amid efforts to cut cost and increase profitability.
Apple launches CarPlay feature for in-car iPhone use
Cupertino, US-based tech giant Apple launched its new CarPlay feature for safer in-car iPhone use, which will be integrated first into Ferrari, Mercedes-Benz, and Volvo vehicles.
Kenyan startup CladLight creates Smart Jacket to reduce motorbike accidents
Kenya-based wearable tech startup CladLight created the Smart Jacket, a wearable jacket with modified reflector and transmitter, to make motorbike driving more stable and help reduce the number of accidents in the country.
Latest News
Chinese car manufacturer Beijing Automobile Group signed a deal to purchase 25.02% of the shares of Mountain View, US-based new energy firm Atieva for an undisclosed amount, and is later expected to launch a high-end electric vehicle.
Victoria, Australia-based truck and trailer parts supplier MaxiPARTS acquired Wagga Wagga, New South Wales-based vehicle spare parts seller RW International Parts for an undisclosed amount to expand its retail network in the country.
Cupertino, US-based smartphone giant Apple considered purchasing Palo Alto, California-based electric car manufacturer Tesla, according to a San Francisco Chronicle report citing an unnamed source.
Minnesota, US-based CHS Inc agricultural and energy firm CHS Inc picked up the fertilizer business of Lake Providence, Louisiana-based river transportation service provider Terral RiverService for an undisclosed sum.
Jacksonville, US-based domestic trucking and international shipping firm Momentum Transportation USA Inc acquired JIX International Freight Services for an undisclosed amount to expand its worldwide operations.
A post on the official company blog of Uber said that they will be doing more thorough background checks of the drivers of its car riding service, TechCrunch reported.
In its quest to provide employees with a convenient way of getting to work, Facebook will be doing a 90-day trial run of its charter boat that will ferry workers across the San Francisco Bay.
Aboitiz Group, a conglomerate based in the Philippines, has exited completely from the shipping business by selling the interests it held in joint ventures with Norway-based Jebsen Group.
Chicago, US-based aircraft maker Boeing is seeking approval from the Federal Aviation Administration (FAA) to use biodiesel in jet fuel for commercial flights around the world.
