Thursday 23 September 2021

Cars24 raises $340m in funding; doubles valuation

Cars24, one of the leading e-commerce platforms for pre-owned vehicles, has announced the closing of $340 million round in Series F equity funding, nearly doubling its valuation to $1.84 billion. The company has already sold over 1,000 cars in the UAE since the launch of its oper


Renault Trucks wins big order from UAE readymix supplier

Renault Trucks, a leading provider of commercial vehicles for heavy construction and the long-haul segment, has secured a contract from Oryx Mix, one of the UAE’s major concrete suppliers, for supply of 10 heavy-duty K 440 mixers.    Announcing the fl


Jaguar Land Rover to provide fleet of electric vehicles for COP26

Jaguar Land Rover is partnering with COP26 ahead of the vital climate change summit in Glasgow from November 1 to 12, providing a fleet of electrified vehicles to world leaders and delegates attending the summit.    The vehicles include the multi award-winn


Hyundai Motor presents carbon neutral commitment at IAA

Hyundai Motor Company has announced its commitment to become carbon neutral by 2045 at IAA Mobility 2021.    Hyundai’s integrated strategy to achieve carbon neutrality rests on the following three pillars: clean mobility, next-generation platforms, an


Toyota Corolla hits global sales milestone of 50m vehicles

Further strengthening the 55-year legacy of its best-selling vehicle, Toyota has announced that the iconic Corolla model has surpassed sales of 50 million units worldwide.    The incredible milestone underlines the enduring appeal of the much-loved model, w


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