Pangyo Techno Valley, located in Seongnam City, Gyeonggi Province, has surpassed the 10,000 passenger mark in just four months since the launch of the autonomous public transportation service, ‘PanTa-G Bus,’ equipped with autonomous driving technology. As of 5:00 p.m. on November 21, Gyeonggi Province announced that PanTa-G Bus recorded a total of 12,000 passengers. PanTa-G […]

The race in the autonomous vehicle sector is intensifying, attracting diverse participants, from traditional automakers and auto parts suppliers to ICT and software solution providers. Even industry outsiders like Google and Amazon are leveraging acquisitions and proprietary technology developments to carve out a space in mobility services, while semiconductor giants like NVIDIA are branching out […]

The company Vestella Lab, led by Jung Sang-Soo, developed an indoor parking navigation system and participated in ‘GITEX 2023’, the largest IT exhibition in the Middle East, from October 15th to 18th (local time). Through this participation, Vestella Lab aims to solidify its position in the Middle Eastern market by showcasing innovative parking solutions for […]

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 […]

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, […]

As global warming causes abnormal climate problems around the world, everyone is paying attention to solutions for environmental issues. The automobile industry is also rapidly changing to address these challenges. Demand for cars that run on fossil fuels has decreased, while cars that run on alternative energy sources such as hydrogen and electricity have become […]

Indonesia’s Maka Motors, an electric vehicle startup specializing in two-wheelers, has successfully concluded its seed funding round, raising US$37.6 million. The company, co-founded by two former executives from the Indonesian ride-hailing giant Gojek, managed to secure the funding while still in the research and development stage, making it one of the largest seed funding rounds […]

Gyeonggi-do is set to commence the pilot operation of its domestic public transportation service, the ‘Panta G Bus,’ which is fortified with self-driving technology, at Pangyo Techno Valley. After the successful operation of the Zero Shuttle in 2018, the  PanTA-G Bus, a cooperative autonomous vehicle, has begun its journey through Pangyo Zero City. The “G” […]

Japanese electric vehicle (EV) startup Terra Motors has successfully raised 4 billion yen ($28 million) in a recent Series C funding round. The funding was secured through the issuance of new shares to investors, including Osaka Gas, Century Tokyo, Sumitomo Mitsui Auto Service, and Pegasus Tech Ventures. Founded in 2010, Terra Motors is renowned for […]

Broom, an Indonesia-based automotive SME tech solutions startup, has announced raising $10 million in pre-Series A funding round led by Openspace Ventures. The funding round was also backed by MUFG Innovation Partners and BRI Ventures, alongside existing investors AC Ventures and Quona Capital. Broom’s newly raised funds will enable the company to diversify its product […]