ISRAEL > US based Ford is set to develop a decision-making system for driving autonomous cars in Israel investing approximately $12 million

Ford_Motor_Company_Logo.svg Following the Israeli algorithmic solutions company Ford acquired two years ago, SAIPS, Ford is beginning to develop a decision- making system for driving autonomous cars in Israel. Decision making system is a major challenge for autonomous car developers as decisions must be made in fractions of seconds. Ford is planning to invest around $12 million for the system. SAIPS, the More …

SINGAPORE > Thailand based Kasikornbank is set to invest $50 million in Singapore based ride hailing company Grab

Kasikornbank logo Thailand based Kasikornbank is set to invest $50 million in Singapore based Grab. This makes Kasikornbank the largest investor in the Singapore technology startup’s ongoing fundraiser. Additionally, with the new investment Grab will also be able to launch its in- app GrabPay electronic wallet in Thailand. Launching in Thailand will be Grab’s sixth Southeast Asian market. Grab’s main competitors in More …

KENYA > Japan based Isuzu is set to open a service center in Nairobi, Kenya investing $654,330 (Sh100.7 million)

Isuzu Japan based Isuzu is set to open a service center in Nairobi, Kenya investing $654,330 (Sh100.7 million). This newly refurbished center in Nairobi is expected to cut down on shipment orders for vehicle parts from Dubai. Nairobi expansion is expected to provide services faster for consumers and will provide 21,000 different parts for their vehicles. According to Isuzu East Africa More …

LITHUANIA > Germany based Hella is set to open a new plant in Lithuania

Hella logo Hella is aiming to serve the rising demand for electronics component in the European market by opening a new plant in Kaunas Free Economic Zone in Lithuania. In the factory where currently 70 people are employed, Hella is focusing initially on lighting electronics which is later to be expanded to sensors, actuators and control units. The employees are expected to More …

USA > China based Triangle Tyre Co. is set to open its first manufacturing plant in the USA investing $580 million

triangle logo Triangle Tire USA,  a subsidiary of China based Triangle Tyre Co, is set to break into the U.S. automotive industry facing off industry giants such as Goodyear, Michelin, Continental and Bridgestone which accounted for 72 percent of 2017 U.S. and Canadian original equipment tire sales, according to Modern Tire Dealer, a news magazine that covers the tire industry. Triangle is based More …

INDIA > Hong Kong based Steadview Capital is set to invest $100 million in India based Ola, a ride hailing company after raising $50 million from two Chinese investors : Sailing Capital and China Eurasian Economic Cooperation Fund

Steadview logo After the new investment from Hong Kong based Steadview capital, Ola is likely to hit $5.5 billion dollar valuation. Ola is striving to become profitable from its core taxi aggregation business, from international expansion and also from its food delivery company under Foodpanda. Steadview Capital is already an existing investor in Ola and is set to invest an additional $100 More …

CANADA > China based Weichai Power is set to invest $163 million in Canada based Ballard Power System

weichai power logo China based Weichai Power is set to invest $163 million in Canada based Ballard Power System making Weichai Ballard’s the largest shareholder. Weichai’s equity investment of approximately $163 million includes $90 million in technology transfer program to the JV related to Ballard’s next-generation LCS fuel cell stack and power modules for bus, commercial truck and forklift applications in China, joint More …

ISRAEL > UK based Centrica and Ombu Invest is to invest $100 million in Israeli Electric Vehicle Charging Software Provider, Driivz

Centrica logo UK based Centrica and Ombu Invest is set to invest $100 million in Israel based Driivz, a start-up that offers end to end software solutions for electric vehicle (EV) charging. Ombu Group has co- led the investment. Driivz has a cloud based EV charging operating system that already has 200,000 drivers across the globe using the software. Established in 2012, More …