Mobility

The Cairo-born startup has raised over USD 100 million to date and aims to grow its annual gross revenue to USD 1 billion by 2025.

The used car market in India is expected to reach 8.2 million units by FY 2025, which will make it twice as big as the new car segment.

Yet, the Didi-wannabes are looking at a very limited time frame.

Never mind the fact that the company still can’t mass-produce its cars.

The company has raised USD 297 million via equity and debt funding from Accel, Apoletto Asia, B Capital, Goldman Sachs, and e-commerce retailer Flipkart.

The robotaxi race in China is heating up as startups scale their pilot programs to eventually commercialize the service.

The company has plans to operate passenger services in 30 cities by 2024.

In addition to its core mapping and mobility offerings, AutoNavi will integrate dining, entertainment, and lifestyle services.