Electric Vehicles & Mobility

Tesla sacks Singapore country manager after Elon Musk warns of 10% job cut

"Tesla announced a 10 percent of workforce reduction. My role was chosen to be eliminated as of today," the firm's country manager in Singapore Christopher Bousigues wrote in a LinkedIn post on Sunday.

Gozem and IFC partner to empower 6,000 Moto-Taxi drivers in Togo and Benin

Gozem and IFC join forces to co-develop a $10 million project that will enable Moto-Taxi drivers in Togo and Benin to access affordable vehicle financing to purchase or rent bikes with the ultimate goal of increasing their take-home income. The project will also validate that electric bikes are a suitable replacement for the current petrol bikes and that…

Alpha JWC expects E2W vehicles to be widely adopted in Indonesia soon; open for future opportunities in EV sector

E2W is highly potential, especially in Indonesia with its large market and increasing demand for motorbikes. The trends projected that E2W will be adopted widely soon, and with our superior proposition, we can provide the best-in-class options to cater to this,” Alpha JWC Ventures Co-Founder and General Partner Chandra Tjan told TechNode Global.

Feeling ‘super bad’ about economy, Elon Musk wants to cut 10% of Tesla jobs, pauses hiring – report

The message also came two days after the world's richest man told employees to return to the workplace or leave the company.

Shell invests in Malaysia’s smart mobility solution provider ParkEasy

Shell Malaysia Trading Sdn Bhd announced Friday that it has agreed to acquire 50 percent shareholding in Pixelbyte Sdn Bhd, the company operating ParkEasy – a mobile application software that not only lets drivers park quickly in shopping malls and other locations, but also the only service in Malaysia to offer a pre-booked slot for electric vehicle (EV)…

Vingroup collaborates with Intel, signs agreement to develop advanced technologies

Vingroup announced on Tuesday that it has signed a Memorandum of Understanding with Intel to create a wide range of advanced computing systems including 5G enabled smart city and smart building solutions, smart manufacturing processes, cloud services and AI as well as ADAS based on Mobileye technology.

India’s Attero Recycling to invest $1 billion for global expansion

India’s largest and world’s leading li-ion battery recycling company Attero Recycling said Tuesday that it will invest $1 billion by 2027 for global expansion. Through this investment, Attero Recycling aims to recycle more than 3,00,000 metric tonnes (MT) of lithium-ion battery waste per year by 2027 in its facilities spread across Europe, United States,…

Indika Energy, Alpha JWC Ventures and Horizons Ventures team up for EV venture

Indika Energy, Alpha JWC Ventures and Horizons Ventures announced Friday their latest collaboration in the form of joint investment in Ilectra Motor Group (IMG), a company that specializes in electric two-wheel (E2W) vehicles.

India’s Ather Energy raises $128M Series E round led by Strategic Opportunities Fund and Hero Moto

Ather Energy, an India-based electric two-wheeler company, announced Thursday the completion of its Series E round of funding with signing of investment agreements amounting to $128 million with National Investment and Infrastructure Fund Limited’s (NIIFL) Strategic Opportunities Fund (SOF), and Hero MotoCorp.