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Autotech

Autotech

Read news and data about auto technology companies and mobility startups in the world's largest emerging markets in Africa, Asia, Latin America, Eastern Europe, and the Middle East.

India's auto supplies startup Koovers raises $1 million in funding

India's auto supplies startup Koovers raises $1 million in funding

Koovers, an automotive supplies platform based in India has raised $1 million in its new funding round from CanbankVC and two high-net-worth individuals (HNIs). * The fund will be used to improve its technology, build out its product portfolio, and launch in the premium vehicle after-market space. * Koovers is an automobile

Indian auto firm Endurance acquires Ion Energy's unit for $40 million

Indian auto firm Endurance acquires Ion Energy's unit for $40 million

India-based automotive component manufacturing firm, Endurance Technologies [https://endurancegroup.com/] has acquired Ion Energy's [https://www.ionenergy.co/] battery management system unit for $40 million. * The acquisition will enable a reinforced supply chain, reliable operations, strengthened manufacturing and team expansion for a faster global EV transition, Ion Energy claims. * The

Google's submarine cable is coming to South Africa by June 2022

Google's submarine cable is coming to South Africa by June 2022

This week's most important technology news and venture capital deals across emerging markets globally from Techloy, all in one place.

Mecho Autotech raises $2.15 million

Mecho Autotech raises $2.15 million

Nigerian-based YCombinator-backed startup Mecho Autotech [https://mechoautotech.com/] has raised $2.15 million in a seed round from Future Africa, Ingressive Capital, Hoaq Capital, Cathexis Ventures, V8 Capital, Silver Squid, and Tekedia Capital. * Mecho connects car owners with quality vehicle repair and maintenance providers. * The funding will be used to

UK-funded $1 million innovation programme to strengthen Nigeria's temperature-controlled logistics supply chain

UK-funded $1 million innovation programme to strengthen Nigeria's temperature-controlled logistics supply chain

A UK government-funded Sustainable Cooling Innovation programme is seeking to strengthen Nigeria's temperature-controlled logistics supply chain through cost-effective, climate-smart technologies.

This data analytics company wants to disrupt the retail fuel industry in Africa

This data analytics company wants to disrupt the retail fuel industry in Africa

From fuel tankers shortchanging fuel stations on a daily basis to fuel purchase irregularities frequently occurring among vehicle fleet drivers, the retail fuel market in Nigeria is peopled with problems. According to estimates, the average monthly volume sold from a retail fuel station in Nigeria is 300,000 litres, yet