Singapore’s Neuron Mobility raises $18.5M to bring its electric scooters to more international markets

Singapore’s Neuron Mobility raises $18.5M to bring its electric scooters to more international markets

Neuron Mobility, a Singapore-based startup, has closed an $18.5 million new financing round as it looks to scale its e-scooter startup in international markets – a month after the nation introduced difficult regulatory changes. The new financing round, dubbed Series A, was funded by GSR Ventures, a venture capital firm Read more…

SoftBank-backed Getaround is raising $200M at a $1.5B+ valuation

SoftBank-backed Getaround is raising $200M at a $1.5B+ valuation

Getaround, a used car marketplace and winner of TechCrunch Disrupt New York Battlefield 2011, will enter the unicorn club with a roughly $200 million equity financing. The deal values Getaround, founded in 2009, at $1.7 billion, according to an estimate provided by PitchBook. Getaround declined to comment, citing internal policy Read more…

Didi Chuxing to launch self-driving rides in Shanghai and expand them beyond China by 2021

Didi Chuxing to launch self-driving rides in Shanghai and expand them beyond China by 2021

Didi Chuxing will begin picking up ride-hailing passengers with self-driving cars in Shanghai in just a few months, according to company CTO Zhang Bo (via Reuters). The plan is to roll out autonomous pick-ups in Shanghai first, starting in one district of the city, and then expand the program from Read more…

Didi Chuxing’s autonomous driving unit is now an independent company

Didi Chuxing’s autonomous driving unit is now an independent company

Didi Chuxing’s autonomous driving unit is now an independent company, the Chinese ride-sharing and transportation giant said today. Didi’s autonomous driving team was created in 2016 and now has more than 200 employees in China and the United States. Didi’s announcement comes about a month after The Information reported that Read more…

Didi Chuxing and oil giant BP team up to build electric vehicle charging infrastructure in China

Didi Chuxing and oil giant BP team up to build electric vehicle charging infrastructure in China

Ride-sharing and transportation platform Didi Chuxing announced today that it has formed a joint venture with BP, the British gas, oil and energy supermajor. to build electric vehicle charging infrastructure in China. The charging stations will be available to Didi and non-Didi drivers. The news of Didi and BP’s joint Read more…

Toyota invests $600 million in Didi, with the two setting up a new joint venture for driver services

Toyota invests $600 million in Didi, with the two setting up a new joint venture for driver services

Didi Chuxing announced today that it has received new investment totaling $600 million from Toyota Motor Corporation. As part of the deal, the two companies will also set up a joint venture with GAC Toyota Motor to provide vehicle-related services to drivers on Didi’s ride-sharing platform. GAC Toyota itself is Read more…

hellobike

Hellobike, survivor of China’s bike-sharing craze, goes electric

Just two years ago, investors were heavily pouring money into China’s dockless bike-sharing startups. Now that boom has busted with derelict bikes littering the streets of cities. Meanwhile, a new race has started for two-wheelers with motors — and one of the main players is a survivor from the bike-sharing Read more…