Transportation

The funding round comes less than a month after the Karnataka High Court said that electric bikes could be used as taxis for hire by passengers.

With global tech giants getting into EVs, China’s two largest battery makers are vying to supply the next generation of EV projects.

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.

With futuristic cockpits and automated driving becoming reality, will manual driving become a thing of the past?

The startup is looking to capitalize on the intelligence and connectivity of China’s automotive future.

The company aims to raise up to USD 4 billion in its float.

China’s desire to tighten control over massive troves of user data poses challenges for the country’s tech players in mapping, ride-hailing, and autonomous driving sectors.

Performance of ‘Uber for trucks’ shows stronger US appetite for Chinese tech listings.