Posts filtered by tags: Latin America[x]


Mexican unicorn Kavak raises a $485M Series D at a $4B valuation.

Kavak, the Mexican startup that’s disrupted the used car market in Mexico and Argentina, today announced its Series D of $485 million, which now values the company at $4 billion. This round more than triples their previous valuation of $1.15 billion, which established them as a unicorn just a couple of months ago in October of 2020. Kavak is now one of the top five highest-valued startups in Latin America. The round was led by D1 Capital Partners, Founders Fund, Ribbit, and BOND, and brings K...
Tags: Startups, Transportation, Ecommerce, Apps, Mexico, Finance, Funding, Articles, Tech, Colombia, Automotive, Used Cars, Brazil, Argentina, Online Marketplace, Logistics

Trafi takes its mobility-as-a-service platform to LatAm, starting with Bogota

Trafi, the Lithuanian startup that created a platform that lets users plan, book and pay for various modes of transportation within a city, is expanding beyond the European market where it got its start to tackle one of the most congested urban areas in the world. The company said it has reached an agreement to provide its mobility-as-a-service platform in Bogota, Colombia. Trafi’s platform is a white label product. But underneath the name — whether it’s Yuomov in Zurich, Jelbi in Berlin or MVG ...
Tags: Transportation, Asia, Berlin, Tech, Munich, Automotive, Brazil, Latin America, TechCrunch, Bogota, Sao Paulo, Trafi, Bogota Colombia Trafi, Yuomov, Zurich Jelbi, Google Lyft Dott

Could the Ram 700 Foreshadow Something Smaller for North America?

Americans love their pickups but the segment’s sizing has adopted the same methodologies favored by the McNugget industry. Medium-sized trucks are now supersized, leaving full-sized pickups in danger of developing their own gravitational fields. However, it wasn’t all that long ago when the North American market was awash with compact pickups like the original Ford […] The post Could the Ram 700 Foreshadow Something Smaller for North America? appeared first on The Truth About Cars.
Tags: Ford, Ram, Autos, North America, Trucks, Latin America, Pickup Trucks, Pickups, News Blog, Product Planning, Compact Pickups, 2021 Ram 700, Ram 700

Custom Bikes Of The Week: 6 September, 2020

A sweet Yamaha SR500 bobber from Sweden, a bright orange Honda CBR600 from the Netherlands, a Kawasaki KZ750 cafe racer from Argentina, and a stylish BMW R65 street tracker from France. We’re racking up the (virtual) air miles this week. Honda CBR600 F2 by WiMoto The Dutch flag is a tricolor of red, white, and blue but if there’s a color associated with the country, it’s orange. Most sports teams in the Netherlands are kitted out in oranje, and so is this punchy little CBR600 from builder ...
Tags: Sweden, France, Motorcycles, Netherlands, Argentina, Honda, Latin America, Marcelo, Jarvis, Loen, Yamaha, Kawasaki, Julien, Andreas, Custom Motorcycles, Yamaha motorcycles

How Moovit went from opportunity to a $900M exit in 8 years

Omar Téllez Contributor Share on Twitter Omar Téllez is a private investor in several tech companies based in LatAm and Silicon Valley. A member of Niantic’s executive team, he was previously president of Moovit. More posts by this contributor Top VCs Are Chasing Digital Companies In Latin America Why Ed Tech Is Taking Off In Latin America In May 2020, Intel announced its purchase of Moovit, ...
Tags: Apple, Google, Startups, TC, Transportation, Apps, Column, Entrepreneurship, Israel, Tech, Intel, Colombia, Automotive, Chile, M&a, Brazil

Regulatory roadblocks are holding back Colombia’s tech and transportation industries

Daniel Rodriguez Contributor Share on Twitter Daniel Rodriguez is CEO and co-founder of Picap, which has raised more than $7 million of venture capital for its mobility platform, which operates across eight Latin American countries. “You know we don’t drive down that road,” my father said. I had asked him why we never took the shortest path to the beach. Just eight years old, I was fascinated by maps and was questioning my fat...
Tags: Transportation, Column, South Korea, Opinion, Samsung, Tech, Renewable Energy, Policy, Colombia, Automotive, World Bank, Mobility, Lg, Financial Services, Latin America, Daniel Rodriguez

As Nissan’s Recovery Plan Evolves, the Number of Potential Job Cuts Grows

Early last year, Nissan, watching global sales wane and the pressure on its (un)balance sheet increase, hinted at the potential for 10,000 job cuts, per sources. That number then rose to an official 12,500, as North American pressures added to woes in Asia and Latin America. The unexpectedly eventful year of 2020 began with buyouts […] The post As Nissan’s Recovery Plan Evolves, the Number of Potential Job Cuts Grows appeared first on The Truth About Cars.
Tags: Asia, Europe, Jobs, Planning, Autos, Nissan, Latin America, News Blog

Uber thinks you’ll trade privacy for greater safety with new recording feature

Your Uber rides will soon be audio recorded as part of a new security feature aimed at increasing riders’ safety. Uber will begin to pilot the audio-recording feature in cars in Latin America starting in December. There is no date for when it will come to the U.S.
Tags: Uber, News, Cars, Trends, Rideshare, Latin America, Uber Safety

Transportation Weekly: Waymo unleashes laser bear, Bird spreads its wings, Lyft tightens its belt

Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch . This is the fifth edition of our newsletter and we love the reader feedback. Keep it coming. Never heard of TechCrunch’s Transportation Weekly? Catch up here, here and here. As I’ve written before, consider this a soft launch. Follow me on Twitter @kirstenkorosec to ensure you see it each week. (An email subscription is coming).  This week, we explore the world of light detec...
Tags: Google, Transportation, Lyft, Uber, Travis Vanderzanden, Elon Musk, UK, Technology, California, France, China, Samsung, Sacramento, Articles, Tech, Tesla

On-demand shuttle startup Via enters South American market

Via, the on-demand shuttle startup backed by Daimler, has expanded into South America. The company launched a service  in Goiânia, Brazil with HP Transportes Coletivos, one of the country’s largest public transportation operators. Via says the service called CityBus 2.0 is the first on-demand shuttle system operated by a public transit operator to launch in Latin America. Users are able to use an app to  request a ride in 11 districts around the city. Base fares are R$2.50, or $0.68. Via’s serv...
Tags: TC, Transportation, New York, Los Angeles, Tech, Automotive, Brazil, South America, Orange County, Latin America, Daimler, Mercedes Benz, Citybus, Chicago Washington, Goiânia Brazil, HP Transportes Coletivos

BeliMobilGue raises $10M for its used-car sales platform in Indonesia

BeliMobilGue, a used car sales platform in Indonesia, has fueled up with a $10 million Series round for the race to dominate the automotive market in Southeast Asia’s largest economy. The company was started in 2017 as a joint venture between Europe’s Frontier Car Group (FCG) and Intudo Ventures, a VC firm focused on Indonesia. BeliMobilGue said today that the capital came from FCG and new investors, which include Tunas Toyota — the authorized dealership for Toyota cars in Indonesia. It’s ...
Tags: Google, Startups, Ecommerce, Asia, Europe, Balderton Capital, Indonesia, Finance, Southeast Asia, Africa, Companies, Automotive, Toyota, Java, Latin America, Partech Ventures

Transportation Weekly: Amazon’s secret acquisition and all the AV feels

Welcome to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. I cover all the ways people and goods move from Point A to Point B — today and in the future — whether it’s by bike, bus, scooter, car, train, truck, robotaxi or rocket. Sure, let’s include hyperloop and eVTOLs, or air taxis, too. Yup, another transportation newsletter. But I promise this one will be different. Here’s how. Newsletters can be great mediums for curated news — a place...
Tags: Google, Amazon, TC, Transportation, Uber, Twitter, Europe, Elon Musk, Mexico, Boston, Virginia, San Francisco, Tech, Tesla, Mit, Palo Alto

Volkswagen and Ford Move Closer to an Agreement on Autonomy, Electrification, Assembly

Volkswagen AG and Ford Motor Co. continue to become more chummy with each passing day. They may even be on the cusp of sittin’ in a tree, K-I-S-S-I-N-G. After signing a Memorandum of Understanding in June, executives are now hinting at widespread collaboration. Ford wants help in Europe and Latin America, areas awash in a sea of […] The post Volkswagen and Ford Move Closer to an Agreement on Autonomy, Electrification, Assembly appeared first on The Truth About Cars.
Tags: Europe, Ford, Autos, Volkswagen, Latin America, Ford Motor Co, Volkswagen AG, Autonomy Electrification Assembly

Digital artist imagines a dual-cab VW T-Cross pickup

Volkswagen is working on a small pickup truck for Latin America, and with that...
Tags: Autos, Volkswagen, Latin America, VW T Cross

‘As Quickly As Possible’: Volkswagen Partnership Seen As Key to Ford’s Overseas Hopes

Ford Motor Company is engaged in hurried discussions with Volkswagen, with the German automaker seen as a sure-fire way to reverse falling fortunes in overseas markets. Ford needs help in Europe and Latin America, especially — a situation made clear in Thursday’s quarterly earnings report. Since signing a Memorandum of Understanding with VW in June, the […] The post ‘As Quickly As Possible’: Volkswagen Partnership Seen As Key to Ford’s Overseas Hopes appeared first on The Truth About Cars.
Tags: Europe, Vw, Ford, Autos, Volkswagen, Overseas, Latin America, Partnerships, Ford Motor Company, Alliances, News Blog, Future Vehicles, Product Planning

MOTO PHOTOS: 2018 Custom Built Show, Bogotá, Colombia

A tall and tough Honda XR400 by Ace Customs that took third place Written by Marlon Slack I’ve got so many stories about my time in Colombia. Some of it will have to wait until the statute of limitations passes. Some of it is a blur. I was crippled by soroche, struck down by the flu and found myself in the middle of Colombia’s national holiday. A holiday that had missile-launcher-toting soldiers on DR650’s patrolling the streets. A lot of it feels like a fevered dream. But I’m here to talk abo...
Tags: Americas, Colombia, Show, Motorcycles, Cbs, Venezuela, Arnold Schwarzenegger, Bmw, Event, Honda, Customs, Duke, Latin America, Bsa, Bogota, Yamaha

Ford’s New Orleans assembly plant added to National Register of Historic Places

Photos courtesy The Henry Ford. Floodwaters from the Mississippi River lapped up to the edges of the old Ford plant outside of New Orleans in the days after Hurricane Katrina and filled it with two feet of salt water. While the decades had swept away pretty much any trace of the Fords built in the plant, what still stood – Albert Kahn’s nearly indestructible design – wasn’t about to relent to the flooding and this month joined a dozen other Ford facilities on the National Register of Historic P...
Tags: Mississippi, New York City, Indianapolis, Factories, Ford, Richmond California, New Orleans, Autos, Detroit, Latin America, Henry Ford, Kahn, Mississippi River, Ford Motor Company, Jacksonville Florida, Omaha Nebraska

Crime Pushes Bulletproof Vehicle Production to Record High

It’s an exciting time to be a manufacturer of bulletproof cars. Violent crime in Latin America is booming right now. For example, growing levels of drug-related violence made 2017 Mexico’s most murderous year on record, based on government statistics. The problem has resulted in a 10-percent increase in demand for the nation’s car-armoring services this year, […] The post Crime Pushes Bulletproof Vehicle Production to Record High appeared first on The Truth About Cars.
Tags: Safety, Mexico, Industry, Autos, Automotive Industry, Latin America, News Blog, Crime & Punishment, Armored Cars, Armored Vehicles, BMW Security, Mercedes-Benz Guard

All-new VW Polo-based sedan (VW Virtus) staying in Latin America for now - Report

The VW Virtus arrived soon after the sixth-gen VW Polo, the hatchback from...
Tags: Vw, Autos, Volkswagen, Latin America, VW Virtus

Mattel’s Hot Wheels: The World’s Most Popular Toy Turns 50

Call it a throwback if you will, but Hot Wheels is as relevant today —a half-century after the brand rolled up to the starting line, with today its official birthday—as it was in 1968. In fact, Hot Wheels is getting hotter. The Mattel-owned line of miniature cars remains the No. 1-selling toy in the world, with nearly 500 million units sold per year. So while the auto industry and many car enthusiasts bemoan the fact that automotive hobbying seems to be fading away with Generations Y and Z, it ...
Tags: Nordstrom, Toys, Australia, California, Uncategorized, Advertising, General Motors, Walmart, Automotive, Anniversaries, United States, Nico Rosberg, Gm, Chevy, Hot Wheels, Latin America

Southeast Asia’s Carro raises $60M for its automotive classifieds and car financing service

Carro, an automotive classifieds service and car financing startup based in Singapore, has closed a $60 million Series B round to scale its business in Southeast Asia. The deal was co-led by SoftBank Ventures Korea, Insignia Ventures — the firm from ex-Sequoia Asia partner Yinglan Tan — and Facebook co-founder Eduardo Saverin’s B Capital Group. Other participants include IDG Ventures India founder Manika Arora (via his family fund) and existing Carro backers Venturra, Singtel Innov8, Golden G...
Tags: Fundings & Exits, Facebook, Ecommerce, Asia, Japan, Indonesia, Southeast Asia, Singapore, Tech, E-commerce, Economy, Thailand, Automotive, Rocket Internet, Carousell, Latin America

Nissan’s Biggest Growth Area Probably Comes As No Surprise

By now, we know consumers across the planet have an insatiable appetite for SUVs. But if there was any doubt, Nissan revealed a few figures recently that highlight their SUV and crossover business. Let’s just say business is good. Nissan’s global crossover and SUV sales increased more than 12 percent last year to over 2 million vehicles. By comparison, Infiniti crossovers and SUVs were up almost nine percent last year, with the QX30 seeing a 97 percent sales increase alone. In total, Nissan’s gl...
Tags: Feature, Indonesia, China, Canada, United States, Autos, Detroit Lions, Los Angeles Auto Show, Infiniti, Nissan, Latin America, Detroit Michigan, Wayne State University, Car News, Carl Anthony, Mexico Latin America

Rocket Internet’s Carmudi raises $10M to refocus on Asia following global retrenchment

 Carmudi, a Rocket Internet-backed company that sells cars online in emerging markets, has raised $10 million to develop its business in Southeast Asia after reducing its global footprint. The company was formed in 2013 and, at peak, it grew to cover over 20 markets across Asia, the Middle East, Africa and Latin America. To support that global push, Carmudi raised $10 million in 2014 and then… Read More
Tags: Fundings & Exits, TC, Apps, Asia, Indonesia, Southeast Asia, Tech, Automotive, Rocket Internet, Latin America, Carmudi, Asia the Middle East Africa

Depressed About Flat U.S. Car Sales and the Death of the Sedan? Will 90 Million Units Globally Cheer You Up?

While it’s definitely not the same doom and gloom vibe felt around the domestic auto industry as it was financially circling the drain in 2008, headlines in the new year seem to forecast storm clouds on the horizon. After nearly a decade of sales growth, the American market for passenger cars and light trucks flattened […] The post Depressed About Flat U.S. Car Sales and the Death of the Sedan? Will 90 Million Units Globally Cheer You Up? appeared first on The Truth About Cars.
Tags: China, Russia, Sales, Industry, Autos, Overseas, Latin America, Car Sales, News Blog, Global Sales, 2017 Sales, 2017 Car Sales

Royal Enfield unveiled the all new Interceptor INT 650 and the Continental GT 650

Reviving its rich twin heritage, Royal Enfield, the global leader in mid-size motorcycle segment (250-750cc), today unveiled its ground-up modern twin motorcycles the Interceptor INT 650 and the Continental GT 650 at the EICMA Motor Show, Milan. The Interceptor INT 650 ushers in the idea of the 1960’s fun, relaxed motorcycles from the sun-drenched California beaches. With its classic tear-drop shaped fuel-tank, quilted twin-seat and distinctive wide braced handlebars, the Interceptor INT 650 ...
Tags: Europe, California, Southeast Asia, India, Autos, North America, Rudy, Latin America, Continental, Siddhartha, Pirelli, HARRIS, Enfield, Chennai India, Vicky, Europe Australia

Renault Alaskan Pickup Truck Now on Sale in Europe

Having proven itself in Latin America, which served as a test market for it, the Renault Alaskan pickup truck is now ready to take Europe by storm. The pickup market is heating up in the green continent with more and more brands entering the segment with brand-new products.  Well, to be honest they are still testing the uncharted waters here. That is why many of these products have the same underpinnings. The 2018 Renault Alaskan shares its nuts and bolts with a Nissan truck which also under...
Tags: Europe, Autos, Nissan, Latin America, Renault, Renault Alaskan, ESP Electronic

Latin America giving “huge” orders for India-made Honda Navi

After the March 2016 sales launch in India, the Honda Navi‘s exports...
Tags: India, Autos, Latin America, Honda Navi, Honda Motorcycles

Production-spec Renault Kwid for Latin America – In Images [Update]

Update – Studio images of the Brazilian spec Renault Kwid courtesy Auto...
Tags: Autos, Latin America, Renault, Renault Kwid

Production-spec Renault Kwid for Latin America unveiled – In Images

Prices range between BRL 29,990 – BRL 39,990. Renault has unveiled the...
Tags: Autos, Latin America, Renault, Renault Kwid

Renault Kwid for Latin America revealed ahead of debut tomorrow

Will debut in production form at the 2017 Buenos Aires Motor Show. Renault has...
Tags: Autos, Latin America, Renault, Renault Kwid, Buenos Aires Motor Show Renault

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