Tag: Automobiles
American EV maker Rivian seeks $65bn valuation; Raises IPO price range
American eCommerce giant Amazon-backed electric vehicle (EV) startup, Rivian Automotive has raised the expected initial public offering (IPO) price of its shares, as the...
Dubai-based automotive data platform AlgoDriven raises $2mn in Series A funding
Dubai-based leading automotive data platform AlgoDriven has raised $2 million in a Series A funding round to expand its services into new regions and...
CARS24 to pour $100mn for expanding operations in UAE & GCC...
One of the leading eCommerce platforms for pre-owned vehicles, CARS24 has revealed its plans to invest nearly $100 million in the UAE and wider...
Chinese automaker Geely’s founder steps into smartphone manufacturing
Chinese multinational automotive company, Geely’s founder Mr. Eric Li, has launched a new company ‘Hubei Xingji Shidai Technology Co Ltd’ dedicated to manufacturing smartphones.
The...
CARS24 raises $340mn to expand its businesses in multiple markets
CARS24, one of the world's leading eCommerce platforms for pre-owned cars, has raised $340 million in Series F equity funding, driving the company's valuation...
Saudi PIF-backed Lucid to begin electric car production in Kingdom from...
American electric vehicle manufacturer Lucid Group has revealed its plans to begin the production of electric cars in Saudi Arabia in 2024.
According to the...
Xiaomi officially registers its electric vehicle unit
Chinese multinational electronics company Xiaomi has completed the official business registration of its electric vehicle (EV) unit in the country, marking its latest step...
CARS24 becomes a game-changer in UAE’s online car buying
One of the world’s fastest-growing eCommerce platforms for pre-owned cars, CARS24 has sold nearly 1000 plus cars in UAE since it launched in April...
