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Ebix to acquire Indian travel company Yatra for $337.8M

Atlanta-based software firm Ebix said today it is acquiring online travel booking company Yatra through a merger deal at an enterprise value of $337.8 million...

Yandex-Uber JV MLU acquires regional rival Vezet for shares and $71.5M...

On-demand transportation giant Uber made its name in part by aggressively entering new markets on a path of organic growth, but in recent times,...

Hellobike, survivor of China’s bike-sharing craze, goes electric

Just two years ago, investors were heavily pouring money into China’s dockless bike-sharing startups. Now that boom has busted with derelict bikes littering the...

VW invests $2.6 billion in self-driving startup Argo AI as part...

VW Group is investing $2.6 billion in capital and assets into Argo AI, the Pittsburgh-based autonomous vehicle startup that burst onto the scene two years...

Chinese electric carmaker Xpeng says Nio stock swings a ‘good lesson’...

Seeing your competitor undergo dramatic changes in fortune can be unnerving as there’s the fear that the same will happen to you. For electric...

Production of the Volkswagen Beetle officially comes to an end

The Volkswagen Beetle is taking a bow, after its return and restyle in 2011 (before earlier rebirth in 1997 – the one with the...

Tier IV raises over $100 million to develop open source software...

Tier IV, a Japan-based driverless car software maintainer and provider, this week announced the closure of a round north of $100 million led by...

Smart scooter company Gogoro launches GoShare, an end-to-end vehicle sharing platform

Founded in 2011, Gogoro now makes the best-selling electric scooters in Taiwan, where it is headquartered. The startup has always seen itself as an...

China’s Didi removes 300,000 drivers amid safety overhaul

2018 was the year when Didi Chuxing, the ride-hailing company that defeated Uber in China, vowed to put safety ahead of rocket-ship growth after...

Ola Electric becomes India’s newest unicorn with new $250 million investment...

India’s Ola is further widening its lead over Uber in the nation — and getting the help it needs from their mutual investor. Ola...