China’s Didi beefs up its newly-independent car services business with an acquisition

A week after spinning out its driver services business and giving it $1 billion in investment capital, Didi Chuxing has added to it through an acquisition.

Xiaoju Automobile Solutions (XAS), which the Didi spinout is called, announced today it has bought Hiservice, a three-year-old company that provides after-service care for car owners using a digital platform.

The deal was undisclosed, but XAS said that Hiservice will be combined with its maintenance and repair division to form a new unit that’s focused on car-owner services such as maintenance, parts and components. That’ll be called Xiaoju Auto Care (小桔养车) for those of you who are keeping up with the names of these Didi subsidiaries.

That auto care business will be jointly run by Yinbo Yi, who had run Didi’s auto care business, and Hiservice founder Cheng Qian, Didi confirmed. The new business claims 28 physical maintenance centers across seven cities in Asia.

Didi’s move to create XAS, which removes an asset-heavy business from the core Didi books, is seen by many as a sign that the company plans to go public soon. Unsurprisingly, Didi isn’t commenting on that at this point. The company was last valued at $56 billion when it raised a $4 billion round late last year — it has since added a $500 million strategic investment from travel company Booking Holdings.

While it is organizing its China-based business, Didi has also spent this year expanding into new markets. It has launched in Mexico, Australia and Taiwan while it acquired Uber rival 99 in Brazil. It is also edging close to launching a taxi-booking service in Japan via a joint venture with SoftBank.

Ola will add 10,000 electric rickshaws to its India fleet over the next year

Ola announced today that it will add 10,000 electric auto-rickshaws to its fleet in India over the next 12 months. The program, called “Mission: Electric,” is part of its ambitious plan to put one million electric vehicles on the road by 2021. The company launched a trial EV program last year in the city of Nagpur, but has reportedly run into some recent road bumps.

Three-wheel rickshaws are a popular way of making quick trips in many cities and can be hailed through Ola’s app; the company’s electric vehicle trial program in Nagpur, which started in May 2017, already includes rickshaws. As part of “Mission: Electric,” Ola said it will add 10,000 new electric rickshaws across three additional cities this year.

To enable drivers to switch to EVs, Ola’s program also includes infrastructure like rooftop solar panels and charging stations. Last month, however, Factor Daily reported that Ola is scaling back its electric vehicle plans after India’s government appeared to become less enthusiastic about creating an explicit EV policy, despite its previously stated goal of making all new vehicles electric by 2030.

Around the same time, Reuters reported that many Ola drivers participating in its Nagpur trial wanted to switch back to fuel-powered cars because of long waiting times at charging stations and higher operating costs.

An Ola representative told TechCrunch that the company has installed charging dockets at the homes of some drivers so they can save time by swapping out batteries, stating that “with new technologies like battery swapping, the charging experience has been significantly improved.” Ola is currently in discussions with several state and municipal governments about where to launch its electric rickshaw program and is “willing to work with any city committed to sustainable mobility solutions.”

“We have clocked more than four million [electric] kilometers and have learned the ins and outs of vehicles, capabilities and applications. We have learned real-world operating challenges and cost implications of chargers, batteries and solars,” she added. “Deployment of electric vehicles would require support of like-minded partners.”

New cars from Fiat Chrysler and VW will come with up to 6 months of free Apple Music

 Two major car manufacturers, Fiat Chrysler Automobiles (FCA) and Volkswagen, announced today they will begin to offer free Apple Music subscriptions of up to six months to customers purchasing new vehicles with CarPlay starting on May 1, 2018. The offers are meant to help boost Apple Music subscribers, and arrive shortly after rival Spotify filed to go public.
In the U.S., FCA will offer… Read More