Chinese electric vehicle (EV) startup WM Motor has officially filed for bankruptcy. The Shanghai Third Intermediate People’s Court has processed the bankruptcy application, as disclosed in a recent announcement on the national enterprise bankruptcy information platform. WM Motor, once considered a promising contender among China’s EV manufacturers, is now navigating the challenging terrain of bankruptcy […]

Another $40 million has been added to ISEE’s capital after the recent success of the self-driving technology company’s Series B funding round. The round was led by Founders Fund and participated by Maersk Growth, Eniac Ventures, New Legacy and other new and existing investors. Fresh fund infusion brings ISEE’s total funding to $70 million since […]

In a recent announcement, Ford said that it has accumulated operating losses of over $2 billion over the last ten years and in 2019 it recorded an $800 million write-down of assets. With this, Ford marks its complete exit from the Indian market as it plans to stop its manufacturing immediately in the country. The […]