Malaysia’s eco-friendly energy solutions provider, Gentari Sdn Bhd (Gentari), has joined forces with automaker BMW Malaysia (BMW) in a partnership for green mobility services and solutions alongside the deployment of renewable energy. In an official statement released on Friday, Gentari revealed that the collaboration was established through its wholly-owned subsidiary, Gentari Green Mobility Sdn Bhd, […]

Ola has secured US$139 million in Series J round led by Edelweiss PE. IIFL, ultra-high-net-worth individuals, family offices, and corporates also participated in this latest funding round. Alongside, Ola has acquired GeoSpoc, a geospatial services provider for $3.4 million. The latest funding round fastened the mobility startup’s valuation at around US$7.3 billion. The funding comes […]

India-based parking solutions platform Park+ has recently raised US$25 million in a Series B funding round that was co-led by Matrix Partners India, Sequoia Capital India, and Epiq Capital. The round was joined by new and existing investors including Fund II, Motherson Lease Solutions, and AdvantEdge. With this round, Park+ values about US$160 million. The […]

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 […]