Private equity firm Warburg Pincus has invested USD 75 million in Rivigo. Third such transaction in India’s logistics sector by Warburg Pincus, the investment, claim industry sources, will give it a minority stake in Rivigo. Claimed to be one of the largest equity financing rounds raised by an Indian startup this year, the funds, Deepak Garg, CEO, Rivigo, is known[Read More…]
Tata Motors and PT Pindad of Indonesia have signed a Memorandum of Understanding (MoU) to explore the market potential of Tata Armoured Vehicles in Indonesia and other ‘agreed’ ASEAN regions. The two will also explore the possibility of locally assembling Tata armoured vehicles at PT Pindad’s facility in Bandung, West Java province of Indonesia. An Indonesian state-owned enterprise, PT Pindad[Read More…]
Polaris India inaugurated its third ‘Polaris Experience Zone’ in Haryana. After Faridabad and Daruhera, Gannaur in Sonepat has been equipped with an artificial undulated track with sludge pits spread across 3 acres for an adventurous ride experience zone. The track also encompasses water passages, humps and tyre hurdles to enhance the thrill. Adventure seekers can put hands on any of[Read More…]
Despite many countries rising up to the challenge of autonomous trucks, it is highly unlikely to yield a truly driver-less automobile. Story by: Team CV Excitement about automonous trucks continues to rise. Especially after Daimler AG put an autonomous truck on the German autobahn last year and followed it up with an autonomous drive over a public road in the[Read More…]
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