Eccentric raises $5 million in Series A funding
Mumbai-based 3D technology specialist Eccentric (formerly known as Eccentric Engine) has secured $5 million in Pre-Series A funding. The round, co-led by Exfinity Venture Partners and Arkam Ventures, is the brand’s first outside investment. The funding will play a key role in advancing the company's global expansion plans and accelerating the development of its innovative One3D platform. Founded in 2012 by Gaurav Rane and Varun Shah, Eccentric is transforming the automotive industry with its innovative One3D platform, providing interactive and immersive vehicle visualization. This advanced real-time 3D rendering platform enhances the online retail experience for OEMs and dealers alike. With more than 200 million user interactions worldwide and deployments in more than 3,500 dealer locations, One3D has established itself as an industry leader. Eccentric is a trusted visualization partner for major OEMs in India, including Maruti Suzuki, Tata Motors, Toyota, Hyundai and Stellantis. The company plans to launch an enhanced version of its One3D platform in mid-2025, further pushing the…
Smart mobility: Armenian flying taxi startup raises millions
Listen to audio Want to stay ahead of the curve when choosing a destination for your next meeting? Consider a great new option located in the capital of Armenia. Looking for a unique, nature-filled venue option? Marriott just teamed up with Postcard Lodge to change the game for outdoor meetings. Want your attendees to be able to levitate from the airport to the conference venue? $660 million has just been spent on making that dream a reality. Read the latest travel news brought to you by Smart Travel. Dubai makes progress on tourism, events and sustainability in 2024 With nearly 15 million overnight visitors as of October 2024, Dubai has become a top international tourism, conference and events destination. The city has also established a balanced appeal, attracting visitors from Western Europe (20%), South Asia (17%) and the GCC (15%). Dubai has made a concerted effort to emphasize its capacity growth, with an average occupancy rate of 77% across its…
Subaru discontinues entry-level WRX, raises prices for 2025
The new WRX tS starts at $45,705, the same cost price as the WRX GT November 27, 2024 15:49 Subaru has launched the 2025 WRX with a more streamlined lineup, now starting at $35,750. The Base model has been axed, and the TR model has been replaced by the more expensive tS model. The 2025 WRX will arrive in U.S. dealers early next year with a 271-horsepower turbocharged engine. If you're in the market for a Subaru WRX, be prepared to spend more, as the company has canceled the base model for 2025. That means the cost of entry jumps from $32,735 to $35,750, and that doesn't include destination charges. It has risen $50 to $1,170. Consumers were effectively hit with a double whammy, as in addition to eliminating the base model, Subaru also raised the price of the WRX Premium. The entry-level version now starts at $35,750, up from $34,635. That's an increase of $1,115, and that doesn't include…
Ford raises prices for 2025 Bronco despite minor changes
Two new colors added to 2025 Bronco, but four color options for 2024 also dropped go through Brad Anderson 20 hours ago The entry-level Mustang EcoBoost is the only model not affected by the price increase. The V8-powered pony car's price jumps $2,700 to $3,745. Changes for the 2025 model are minimal. The 2025 Ford Bronco is here, and while it only gets minor tweaks, it also gets some pretty big changes in price. Ford has increased prices across the entire range except entry-level models. Like 2024, the Ford Bronco lineup starts at $31,950, not including a $1,595 destination charge. Those in the market for a 2025 Mustang EcoBoost convertible will have to spend $40,120, a slight increase of $100 from last year. In addition, the prices of the EcoBoost Premium Fastback and EcoBoost Premium Convertible increase by $100 to $37,545 and $43,045 respectively. READ: Hertz sells its exclusive 900HP Mustang GT500 as a lease According to Ford's authoritative report,…
Inaugural Mayor’s Charity Ball raises more than $600,000
This past spring, Delta Firefighters Benevolent Association Host the first Mayor's Charity Ball in the new building Cascade casino delta. leader Joel Wozniackithe event was a huge success, raising over $600,000 to support Delta Firefighter Healthy Snacks Program. Launched in 2021, the initiative ensures that nearly 1,500 local children receive the nutrition they need every day; promoting their learning, growth and potential without the burden of hunger. [embed]https://www.youtube.com/watch?v=7Hu6AW9-xls[/embed] lux affairs The venue was transformed into an elegant, unforgettable experience, complete with a classic red carpet entrance, flanked of course by a fire truck, setting the tone for an evening filled with elegance and purpose. After the lively reception, the main room showcased stylish lighting and rich fabrics, adding to the sophisticated atmosphere and maintaining a balance between celebration and charity. The purpose of this event is to support Healthy snack planis a volunteer-run initiative funded by firefighter payroll deductions and generous community donations. Every dollar raised goes directly to the…
Female-founded tech platform Where You At raises £2.5m
Tamzin Lent (Founder of WYA) and Phil Smith (Chief Technology Officer of WYA) where are you (WYA)a female-founded mesh technology platform designed to help make crowded events safer. It uses indoor mapping and mesh hardware to help users stay connected in the midst of busy activity, allowing people to communicate even when there's no phone signal. It raised a lot of money, which helped it make a huge impact in a short period of time. WYA solves a key problem: the challenge of losing touch with friends in busy spaces, where poor signal often affects safety and communication. The app uses a patented grid system to provide real-time location sharing and communication, which event organizers can use to optimize their spaces and remain anonymous Customer flow analysis. Users can enjoy real-time location sharing, offline connectivity, security alerts, and event-specific features. Event operators benefit from crowd management, emergency communications and targeted messaging tools. The app now has key partnerships with influential…
Hero MotoCorp raises INR 8.6 crore through centenary auction;
Hero MotoCorp recently held an exclusive auction for its limited edition Heroes of the Centurybased on the popular Hero Karizma XMRThe auction raised a total of ₹8.6 crore with the highest bid reaching ₹20.30 lakh. This rare motorcycle was built in memory of the legacy of Dr. Brijmohan Lall Munjal, founder and chairman emeritus of Hero MotoCorp. Limited edition Hero Centenary auction raises ₹8.6 crore Two months ago, Hero Moto Special auction announced Heroes of the Centurya collector's edition motorcycle created to commemorate the brand's rich history. Only 100 units of this special edition motorcycle were produced, of which 75 were sold at the auction, raising a total of Rs 8.6 crore. The remaining 25 motorcycles will be displayed at the Hero MotoCorp facility and given away through employee and customer competitions. The auction was well received, highlighting the importance of Dr. Brijmohan Lall Munjal and his car The funds raised will be used for philanthropy, reflecting the founder’s lifelong…
Honda raises MSRP for already expensive 2025 Civic Type R
Although the 2025 model year remains unchanged, prices have increased. Right now, the Civic Type R starts at $46,690, just $200 cheaper than the 2024 Volkswagen Golf R . Power comes from a 2.0-liter turbocharged four-cylinder engine with 315 horsepower and 310 pound-feet of torque. The Honda Civic Type R is an excellent car. In fact, many consider it one of the best value performance cars on the market right now. Unfortunately, its price in the U.S. has increased slightly, and after adding the $1,095 destination charge, buyers will have to spend at least $46,690. var adpushup = window.adpushup = window.adpushup || {que:()}; adpushup.que.push(function() { if (adpushup.config.platform !== "DESKTOP"){ adpushup.triggerAd("4d84e4c9 -9937-4f84-82c0-c94544ee6f2a"); } else{ adpushup.triggerAd("6a782b01-facb-45f3-a88f-ddf1b1f97657"); } }); That price is $800 more than the 2024 model. That's not too bad considering inflation has increased the price of just about everything over the past year, but it does push the Civic Type R closer to the 2024 Volkswagen Golf R, which starts…
Canada rail shutdown raises fears of economic disruption
Canada's major freight railroads, Canadian National Railway (CN) and Canadian Pacific Kansas City Railway (CPKC), have suspended operations due to a contract dispute with workers, a situation that could have a significant economic impact on the U.S. Supply chain expert and former Toronto resident Dr. Johnny Lentusanasem said the suspension could have a significant impact on the U.S. supply chain, given that Canada is the second-largest trading partner of the United States. Also read: How Canada's rail strike will impact freight markets The Canadian government has stepped in to force rail companies into arbitration with unions, but the duration and outcome of that process will determine the extent of the disruption. The outage affects both the rail and trucking industries, and because rail and trucking are so interconnected, it could cause freight costs to soar or even a complete halt to trucking operations. The unprecedented shutdown, which involves Canadian National Railway Co. and Canadian Railway Corp., also threatens commuter rail…
Volvo quietly raises EX90 prices, removes LiDAR and
Volvo said the price increase was due to rising material costs and said the missing features would be added later via software updates. go through Brad Anderson August 10, 2024 19:09 Volvo has increased the price of its EX90 electric SUV after its initial launch. The EX90 will launch with missing features that will be added via future updates. Some Volvo retailers believe the price hike will cause buyers to cancel orders. Volvo has yet to start deliveries of the all-electric EX90 in the United States, but it has already raised prices to over $81,000 while revealing that local models will lack a host of safety features when they launch. When first announced, Volvo Cars said the EX90 would start at $77,990 in the U.S. But the price has since risen to $81,290, including a $1,295 destination charge, a $3,300 increase. Joe Origoni, Volvo Cars' U.S. customer service director, said the price change took effect May 1. Read: Volvo finally…
As freight rates soar, dock workers get bigger pay raises
Earlier this week, 159 trade associations representing key supply chain stakeholders sent a letter to the Biden administration and relevant congressional committees, calling on the U.S. government to intervene in the stalled labor contract negotiations between the International Longshoremen’s Association (ILA) and the United States Maritime Union (USMX). On June 10, the International Longshoremen’s Association issued a press release announcing that it refused to continue negotiations due to an outstanding dispute with a terminal operator at a port on the Gulf Coast. The International Longshoremen’s Association has expressed its willingness to call for a coast-to-coast strike if a new contract agreement is not reached before the expiration of the current contract, which covers approximately 45,000 longshoremen at ports on the East and Gulf Coasts of the United States. The current contract expires on September 30, 2024. In the letter, the industry associations urged the Biden administration to "immediately work with both parties to resume contract negotiations to ensure that port…
Biden administration raises import tariffs
On July 10, 2024, the Biden administration announced an increase in import tariffs on aluminum and steel products. The increase in tariffs is the latest measure to combat the circumvention of Section 301 tariffs on Chinese-origin products by shipping products through third countries. The changes apply to goods imported or withdrawn for consumption on or after July 10, 2024. Aluminum tariff increase The Administration announced smelter and last minted country requirements for “Product of Mexico” aluminum products. The Administration also announced an increase in the Section 232 tariff rate on “Product of Mexico” aluminum products and derivative aluminum products that are smelted, sub-smelted, or last minted in China, Russia, Belarus, or Iran. The term smelter country is defined as follows: Smelting country of origin: The world's largest producer of new aluminum metal from alumina (or alumina) using the Hall-Heroult electrolysis process. Secondary smelting country: The world's second largest producer of new aluminum metal, whose raw material is electrolytic Hall-Heroult alumina…
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