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Ola to Invest $327 Million to Set up ‘the World’s Largest Scooter Factory’ in Tamil Nadu
Ola said on Monday that it has signed a memorandum of understanding with the government of Tamil Nadu in India to set up what it claims would be the “world’s largest scooter manufacturing facility” in the South Indian state as the Indian ride-hailing firm begins a new push with electric vehicles.
- Categories
- Technology
- Region
- Asia Pacific
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South Africa’s Planet42 Raises $10 Million in Debt Round to Scale Internationally
The South Africa-based Planet42, a car subscription company that helps individuals ignored by banks to get access to a personal vehicle, has announced a US$10 million debt funding round to help it scale its operations and move into new markets.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press Release: Sokowatch Launches East Africa’s First Commercial Electric Tuk-Tuks
E-commerce platform leads EV revolution to combat emissions and noise pollution in Kampala.
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- Technology
- Region
- Asia Pacific
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Six Key Trends Driving Affordable, Low-Carbon Growth in the Rural E-Mobility Sector
In the last five years, a vast array of e-mobility startups have sprung up across sub-Saharan Africa, focused largely on electric bikes, scooters and three-wheelers. As Richa Goyal at Energy Saving Trust points out, these businesses are accelerating Africa's shift toward low-carbon transportation, while also boosting local manufacturing, skill development and job creation. She outlines six key trends and business model features in this emerging sector.
- Categories
- Energy
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Analysis: Mass Transit and COVID-19: On Track for Recovery?
Many of the emerging world’s mass transit systems have seen demand nosedive as a result of the coronavirus pandemic. Lockdowns, social distancing and remote working – as well as fears around an increased risk of infection in enclosed spaces – have led to dramatic reductions in passenger numbers, but also innovative ideas for enhancing safety measures and generating new revenue streams.
- Categories
- Coronavirus
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Venio Launches ‘Nano-Credit’ Lending App to Boost Financial Inclusion in Emerging Markets
‘Nano-credit’ mobile application company Venio has begun offering credit facilities for the unbanked consumers in the Philippines.
- Categories
- Finance
- Region
- South Asia
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Craft Silicon Pumps Over 300 Million to Little For Expansion in Africa
“West Africa is a large market, and if Little have to be a key player in Africa, we need to be present there in addition to East Africa. Hence the march towards West Africa.”
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Grab Raises up to $856m to Boost Payments Business as Rumors Swirl of a Merger With Rival Gojek
Grab said that it has raised $856 million more in funding in two tranches from strategic Japanese investors.
- Region
- Asia Pacific
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