Chilean startup Forest raises 54 million dollars for ebikes in London

Kiswahili

Forest, cofounded by Agustín Guilisasti, completed a 54 million dollar series B funding round led by Chinese manufacturer Okay.

Forest has established itself as one of the two leading ebike companies in the London market. The Chilean mobility startup announced the capital raise a few weeks ago.

The funding included participation from Chile's seven main family offices. Okay, the Chinese bicycle manufacturer, led the round.

Guilisasti, cofounder and CEO of Forest, discussed the company's growth in the British capital. The capital will support expansion in the electric mobility segment.

Makala yanayohusiana

BYD-branded Formula 1 car speeding on racetrack, symbolizing the EV maker's potential motorsport entry.
Picha iliyoundwa na AI

BYD explores Formula 1 entry to boost global brand

Imeripotiwa na AI Picha iliyoundwa na AI

China's BYD, the world's largest electric vehicle seller, is considering an entry into Formula 1 as its first major push into elite auto racing. The automaker is evaluating options such as acquiring an existing team or building one from scratch, amid the sport's shift toward hybrid engines. No final decision has been made, with costs potentially reaching $500 million per season posing a significant barrier.

Life EV acquires Rad Power Bikes after bankruptcy filing

Florida-based Life EV has completed a court-approved acquisition of e-bike company Rad Power Bikes, which filed for bankruptcy in December. The new owner plans to build bikes in the US and honor existing warranties. This move follows safety issues that plagued the brand.

Lime files for IPO amid revenue growth and losses

Imeripotiwa na AI

Lime, the electric scooter and bicycle rental company, has filed for an initial public offering. The filing with the Securities and Exchange Commission occurred on Friday.

Afrika

Egypt's Lucky raises $23m Series B for North Africa credit expansion

India

Ultraviolette launches X-47 Crossover electric motorcycle with Battery Flex subscription, slashing upfront cost by 40%

Europe

Wallenberg-led consortium rescues Stegra with 15 billion kronor

IIFL Finance plans to raise up to $750 million via ECBs and dollar bonds

Fairfax-backed IIFL Finance is set to raise between $500 million and $750 million through external commercial borrowings and dollar bonds this March. The initiative seeks to diversify its funding sources and fuel business expansion. Discussions are ongoing with existing investors and banks in Singapore and Taiwan.

Autolarte – Moevo celebrates 75 years with electric vehicle investment

Imeripotiwa na AI

Autolarte – Moevo marks its 75 years in Colombia's automotive sector with a projected investment of nearly 7 billion pesos in its electric vehicle portfolio. The company, featuring brands like BYD, Hyundai, and Farizon, aims to expand its footprint through new openings and acquisitions in key areas. This initiative aligns with record-high sales of electric and hybrid vehicles in the country.

Crypto startups raise $18.5 million despite $2tn market wipeout

Venture capitalists in the crypto sector report that despite a $2 trillion industry wipeout, startup funding continues, albeit at reduced levels. This week, crypto firms secured $18.5 million, the lowest since the New Year break. Investors maintain that blockchain fundamentals remain strong.

Dragonfly Capital closes $650 million crypto fund amid downturn

Imeripotiwa na AI

Crypto venture firm Dragonfly Capital has raised $650 million for its fourth fund, even as the cryptocurrency market grapples with declining prices and waning investor interest. The new fund targets early-stage investments in a sector facing reduced deal activity. Co-founder Haseeb Qureshi highlighted the firm's candid approach as a key strength.

Jumamosi, 9. Mwezi wa tano 2026, 15:02:05

Porsche discontinues performance e-bike division

Jumanne, 21. Mwezi wa nne 2026, 20:41:44

New energy vehicle sales in Chile rise 94% in first quarter

Jumanne, 31. Mwezi wa tatu 2026, 00:48:42

Emonkey launches cash advances worth $1.200 million

Jumanne, 17. Mwezi wa tatu 2026, 04:33:37

Stark Future wins 2026 FIM SuperEnduro constructors' championship

Jumatano, 11. Mwezi wa tatu 2026, 06:33:15

Panel discusses innovation and sustainability in Colombian companies

Jumatatu, 9. Mwezi wa tatu 2026, 01:55:08

Royal Enfield launches ready to ride program in the UK

Jumatatu, 23. Mwezi wa pili 2026, 14:01:23

Japanese motorcycle makers pursue carbon neutrality via electrification

Jumapili, 22. Mwezi wa pili 2026, 15:55:42

Chinese manufacturers prepare for battery auction in Brazil

Jumapili, 22. Mwezi wa pili 2026, 05:26:26

Formula E co-founder praises F1's 2026 electrification direction

Ijumaa, 20. Mwezi wa pili 2026, 07:02:37

Finnish startup announces revolutionary solid-state battery for motorcycles

 

 

 

Tovuti hii inatumia vidakuzi

Tunatumia vidakuzi kwa uchambuzi ili kuboresha tovuti yetu. Soma sera ya faragha yetu kwa maelezo zaidi.
Kataa