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Sylndr, an online used-car retailer, raises $12.6M pre-seed to disrupt Egypt’s automotive market

TechCrunch

But t he used cars market isn’t only enormous in Egypt; it is in almost every country with a large population globally. Recently, there’s been rapid digitization of this market , with several startups upending incumbents such as classifieds and hoping to define the new era of used-car-sale platforms. Some include U.K.’s

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McEasy is digitizing Indonesia’s logistics, transportation and supply chain industries

TechCrunch

Its software and smart tracker, called Vehicle Smart Management System, has been adopted by users like passenger buses, freight forwarding services and refrigerated vehicles used to transport pharmaceuticals, meat, seafood, dairy and frozen foods. After returning to Indonesia, the two started McEasy to produce hybrid motorcycles.

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Automotive simulation platform Morai secures $20.8M Series B to expand its global footprint

TechCrunch

Morai , which provides autonomous vehicle developers with automotive simulation tools to verify the safety and reliability of self-driving systems, announced today it has raised $20.8 We expect to see the continued growth of the company since it has potential to lead the autonomous driving market not only in Korea but globally.” .

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Eatron, which makes ‘intelligent automotive software’, raises $11M Series A led by MMC

TechCrunch

So, the more this embedded automotive software is de-coupled from the underlying electronic hardware, the more this optimization can take place, and the more efficient vehicles can become. based Eatron , which makes this “intelligent automotive software”, has managed to attract an $11 million Series A funding round led by the U.K.’s

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Kneron releases its first automotive-grade chip for ADAS and AV systems

TechCrunch

Kneron has launched its first automotive-grade chip — fueled by funds from Foxconn, Alibaba, Sequoia, Horizons Ventures, and Qualcomm — that it says could revolutionize the path to vehicle autonomy. With the new chip, the Kneron KL530, the startup is looking to take a greater share of the automotive market.

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Boundary Layer wants to steal air freight’s lunch and transport it by water instead

TechCrunch

Boundary Layer is working on a series of electrically propulsed hydrofoiling vessels and wants to rewrite the book of transportation-focused verse, one stanza at a time, with nimble, fast-to-load, container-ship standard high-speed shipping vessels, with the goal of halving the cost of traditional air freight, at comparable speeds.

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How India will navigate EVs in 2024

TechCrunch

India, a major player in the global automotive industry, has started focusing on transitioning to alternative fuels to curb pollution after expanding its consumer and vehicle bases and adding local manufacturing facilities over the past two decades.