Saudi Arabia

iPhone maker Foxconn and Saudi Arabia are going into the EV business • ZebethMedia

By zebethcontrolPosted on November 3, 2022Posted in EV, Foxconn, Saudi Arabia, TransportationNo Comments

Saudi Arabia’s sovereign wealth fund has formed a joint venture with Foxconn to build and sell EVs, the latest move by the nation to meet its Vision 2030 goal of reducing its dependence on oil and diversifying its economy. The new company, called Ceer, will design, manufacture and sell a portfolio of EVs using BMW’s […]

Invygo raises $10M to make long-term car subscription a breeze • ZebethMedia

By zebethcontrolPosted on October 31, 2022Posted in car rental, car subscription, Saudi Arabia, Startups, Transportation, UAENo Comments

Invygo, a startup operating in UAE and Saudi Arabia, has raised $10 million in its Series A funding led by MEVP as it works to scale its car rental service in the region. The Middle East-based startup, founded by Eslam Ahmed Hussein and Pulkit Ganjoo in 2019, has raised $14.3 million to date. Al Rajhi […]