Thursday, December 19

Tag: Hyundai Motor

Hyundai Motor acquire 80% stake in Boston Dynamics from SoftBank Group
14Dec By PriyankaNo Comments
ACQUISITION

Hyundai Motor acquire 80% stake in Boston Dynamics from SoftBank Group

SEOUL, South Korea, Dec. 14, 2020-- Hyundai Motor Group will acquire 80% stake in Boston Dynamics in a deal that values the mobile robot firm at $1.1 billion. Financial terms were not disclosed. Hyundai Motor Group will hold an approximately 80% stake in Boston Dynamics and SoftBank, through one of its affiliates, will retain an approximately 20% stake in Boston Dynamics after the closing of the transaction. The acquisition will mark another major step for Hyundai Motor Group toward its strategic transformation into a Smart Mobility Solution Provider including in fields such as autonomous driving technology, connectivity, eco-friendly vehicles, smart factories, advanced materials, artificial intelligence (AI), and robots. Boston Dynamics produces highly capable mobile robots with ...
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Hyundai Motor Backs Delhi-based Car-Sharing Platform Revv
24Aug By Gauri SinghNo Comments
FUNDING

Hyundai Motor Backs Delhi-based Car-Sharing Platform Revv

New Delhi-based car-sharing platform Revv has reportedly secured funds amounting to Rs 100 Crore in a Series B funding round. This particular round was led by the popular South Korean car maker Hyundai Motor. The other investors that participated in this round included Edelweiss and Beenext that are the company’s existing investors.  Along with this, fresh investors like Dream Incubator, Sunjay Kapoor of Sona BLW and Telama Investment were also a part of it. These company is planning to use the funds so raised for the expansion of its product offerings for both long-duration and on-demand use cases. Also, a part of the funds will be used to strengthen its technology team and build brand awareness. The company is also looking to increase its existence to 30 cities in the next 12 month...
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