Industry Archives: Transportation

Tesla Motors

OLMA Capital Tesla Case Study

OLMA has released a thorough and refreshing work about Tesla Motors Inc. (NASDAQ: TSLA) that provides the data and insight to understand the big picture behind this disruptive California luxury premium electric car manufacturer.
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Road Cargo Company Serving Uruguay, Argentina, Chile

A Uruguyan road cargo company with several decades of history as a contract basis carrier for subsidiaries of multinationals and larger regional companies is available for acquisition. The Company has a fleet of 60 trucks (Scania, Mercedes, Volvo), no debt, and USD 12m in annual sales with an EBITDA margin in the range of 15 to 20%. The owner is a motivated seller due to health issues and lack of succession.

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‘Uber For Logistics’ Startup Lalamove Lands $10M To Expand In China And Southeast Asia

Lalamove, an Uber-like service for logistics, has raised $10 million to expand its presence across Asia, where it already operates in six cities.

The company, which began life in Hong Kong in December 2013, offers iOS and Android apps that allow customers to move items across a city using its network of ‘regular’ drivers. Its business model is basically akin to an ‘Uber for logistics’ since anyone with a valid license and car can sign up to be a driver.

The $10 million round is led by China’s Crystal Stream Capital, and it includes participation from Geek Founders, Mindworks Ventures, Sirius Venture Capital and Aria Group. Lalamove said a number of unnamed individual investors also took part.

Executive Blake Larson told TechCrunch in an interview that the money will be used to strengthen its position in its existing markets: Hong Kong, Singapore, Bangkok, Taipei and — as of last week — Guangzhou and Shenzhen. The capital will also be used to “further penetrate” China and enter more parts in Southeast Asia.
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Russia’s Imperious Group injects $400,000 in American-Ukrainian private jet service startup Jetme

In California, Ukrainian developers have launched the startup JetMe, a service which allows users to reserve and pay for flights on private jets to any point around the globe.
One of the startup’s founders is Yuriy Romanyukha, an associate for Russia-based fund Imperious Group. Almost immediately after the project launched, JetMe obtained $400,000 in funding from this fund and several angels, reported Ukrainian tech blog AIN.UA.
The JetMe concept is based on the fact that the aircraft used in the flights have returned to their “native” airfields empty (“empty legs”), carrying out a chartered flight in one direction, for example.
Thus, it is possible to order a return flight at a much lower price than you normally would be able to, with the user indicating his preferred price and the airline services deciding whether or not to take on the passenger for that amount. JetMe intends to generate revenues through commissions.
The minimum amount for an order is roughly $3,500. According to Romanyukh, this is slightly more expensive than business class, but far more comfortable and prestigious. For example, on a private flight, you may easily take pets, as well as avoid passport controls as ordinary passengers do (this only applies to flights within California). The project has attracted attention from the Western press after journalists noticed it on ProductHunt, the largest resource for press releases from startups in the United States.
The startup has already launched an app for iOS and intends to release a web-based version in the near future. More than 3,000 people have already registered for the service, the startup claims.
JetMe initially launched in Russia, but the team soon decided to develop it in the United States. In the near future, they are planning to enter Southeast Asia.
With its development center located in Kiev, the startup has a team of four people with significant experience in the aviation industry.
Launched in 2010, Imperious Group has its capital – of an undisclosed amount – coming from real estate, said Pavel Aleshin, head of the fund’s expertise department, to East-West Digital News. The fund generally invests from $50,000 to $500,000 in startups at the pre-seed, seed and Series A stages. Its target markets encompass Russia and neighboring countries as well as Europe, Israel, Canada and the USA.

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GrabTaxi Raises $65 million To Increase The Competition With Uber In Southeast Asia

You’d be forgiven for thinking that the taxi app war is exclusively a US phenomenon, such is the fierce battle between Uber and Lyft, but similar rivalries are actually ongoing across other parts of the world. The battle is heating up in Southeast Asia today, after GrabTaxi — a Malaysia-headquarted company that is active in six countries — announced a $65 million investment round that it hopes will enable it to defeat Uber in Southeast Asia.

The company has been busy raising funding this year. This round is the third investment it has announced since April. Though undisclosed, GrabTaxi says it takes it to “approximately $90 million” in funding this year. Given that it raised around $10 million in April, and a further $15 million in May, this Series C round is around $65 million.

The round is led by new investor Tiger Global, with participation from existing investors Vertex Ventures, GGV and Chinese travel giant Qunar. Another new investor, Hillhouse Capital, also put into the round.Read More

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GrabTaxi Raises $15M Series B Led By GGV Capital

TechCrunch May 29, 2014
GrabTaxi, the taxi-calling app that claims to be the largest in Southeast Asia, said today that it has raised a $15 million Series B led by GGV Capital with participation from Qunar and returning investor Vertex Venture Holdings. The latter led GrabTaxi’s Series A round, which was announced last month; though the amount was undisclosed, CEO Anthony Tan said it was more than $10 million. GGV Capital managing partner Jixun Foo will also join GrabTaxi’s board of directors.

Though GrabTaxi competes in the same space as Uber and Rocket Internet’s EasyTaxi, both of which are targeting Southeast Asia, Tan told TechCrunch last month that demand in cities in Singapore and Bangkok is high enough to support several taxi-calling startups.

In a statement, GrabTaxi said its Series B round will be used to fuel GrabTaxi’s growth into new cities in Southeast Asia, as well as driver loyalty and retention programs. It currently operates in Malaysia, the Philippines, Thailand, Vietnam, and Singapore, with about 20,000 drivers registered. The startup says that the app has been downloaded 1.2 million times and more than 250,000 passengers in 15 cities use the app at least one month to hail a cab.

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Denmark’s OW Bunker to raise $21 mln in IPO

COPENHAGEN, March 18 (Reuters) – Danish ship fuel supplier OW Bunker aims to raise 110 million Danish crowns ($20.5 million) through an initial public offering (IPO) of stock on April 2 at the latest, it said on Tuesday.

OW Bunker set a price range of between 120 Danish crowns and 150 crowns per share for the IPO, putting a value of up to 5.5 billion crowns on the company.

The firm, which has a share of around 7 percent of the global shipping fuel market, said it planned to sell new stock as well as some of the shares owned by its major shareholder, private equity group Altor.

OW Bunker & Trading said the free float would be 40-60 percent, depending on the final number of shares sold.

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European Carpooling Site BlaBlaCar Rides Into Russia And Ukraine Via Acquisition

The carpooling race in Europe has yet to produce a definitive winner, as Germany’s and France’s BlaBlaCar continue to go head-to-head. Today, the latter is making its next move: BlaBlaCar is riding into Russia and the Ukraine — in part via an acquisition of local player, Podorozhniki. The price remains undisclosed. Continue Reading →

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Drive Raises $2.7 Million For Its Uber-Like Service In The Crowded French Market

French startup Drive just raised $2.7 million (€2 million) in Series A funding from undisclosed business angels and institutional investors. The service is reminiscent of Chauffeur-privé or LeCab — it’s an Uber-like service that owns its cars and operates with fixed prices. Continue Reading →

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Pacific Rubiales to sell Colombia pipeline stake for $385 mln

Dec 23 (Reuters) – Pacific Rubiales Energy Corp, the largest private oil producer in Colombia, said it would sell its interest in the country’s largest oil pipeline to a group led by the private equity arm of Franklin Templeton for $385 million. Continue Reading →

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