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Zyp Raises $1.2 Million in Seed Funding, Launches Made-In-Pakistan Electric Bikes with Battery Swapping
The company said that in light of climate change and rising fuel prices in the country, the urgency to electrify transportation “has never been greater".
- Categories
- Transportation
- Region
- Asia Pacific
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Mecho Autotech Lands $2.4 Million Pre-Series A Investment
Mobility startup, Mecho Autotech has raised $2.4 million pre-Series A and is expanding into wholesale automotive spare parts distribution in Nigeria.
- Categories
- Technology, Transportation
- Region
- Sub-Saharan Africa
- Tags
- data, distribution, startups, supply chains
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China’s Abandoned, Obsolete Electric Cars Are Piling Up in Cities
A subsidy-fueled boom helped build China into an electric-car giant but left weed-infested lots across the nation brimming with unwanted battery-powered vehicles.
- Categories
- Technology, Transportation
- Region
- Asia Pacific
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EV Battery Imports Face Scrutiny Under US Law on Chinese Forced Labor
Though the automotive detentions are small compared with the more than $1 billion of solar panel imports that have stalled at the border, they have put the industry on alert.
- Categories
- Technology, Transportation
- Region
- Global
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Indonesia Says Tesla Plans to Invest in Battery Material Facility
Indonesia said last week that it would give automakers two more years to qualify for EV incentives, trying to attract more investment as it races with Thailand and India to build an EV industry.
- Categories
- Transportation
- Region
- South Asia
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Philippines’ Bank of Philippines Island’s Green Bond Gets $250 Million Investment from International Finance Corporation
The Philippines' third largest bank issues a green bond to finance renewable energy and electric vehicles in the IFC’s biggest deal with a financial institution in the country yet.
- Categories
- Agriculture, Energy, Investing, Transportation
- Region
- South Asia
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Uber Partner Moove Secures $76 Million in Funding Led by Mubadala
African mobility startup Moove operates the largest EV fleet by supply hours on the Uber platform in the UAE, and new funds will fuel global expansion.
- Categories
- Technology, Transportation
- Region
- Sub-Saharan Africa
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China’s Eve Energy Builds $422 Million Electric Vehicle Batteries Manufacturing Facility in Malaysia
The firm will build a cylindrical battery production base in Malaysia to support the electric two-wheelers and power tools in Malaysia.
- Categories
- Technology, Transportation
- Region
- South Asia
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