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Saturday, 16.10.2021, 14:58
Inbank on Monday signed an agreement to acquire 53% of the full-service vehicle rental company Mobire Group OU; parties have agreed not to disclose the price of the transaction, writes LETA/BNS.
Keyword tags: Banks, Car market, Estonia, Financial Services, Latvia, Transport
Planet42, an Estonian car subscription company that helps individuals ignored by banks to get access to a personal vehicle, has announced a 10 mln USD raise from US-based Lendable Inc, an institutional debt investor. To date, Planet 42 has bought and delivered over 2,000 second-hand cars in South Africa, its primary market.
Finnish energy company Fortum says it has developed a method to recycle lithium for rechargeable batteries that could help to usher in a smoother and more sustainable transition to electric vehicles (EV).
During the first three quarters of this year, the number of electric vehicles registered in Latvia increased by 328 percent against the respective period a year ago, which is the fastest increase among European Union (EU) member states, according to information released by RIA.com Marketplace.
With 13,298 new cars registered in Latvia in January-October 2020, new car registration fell 25.8% from the same period a year ago, the Latvian Auto Association informed LETA.
Even though 22% of Estonian people are weighing buying an electric car in the next five years, 71% cited said vehicles' range limitations and recharging times as the main obstacles to getting one, while 66% regarded an inadequate recharging network the main hindrance, it appears from a survey carried out by Citadele Bank and pollster Norstat in the three Baltic countries writes LETA/BNS.
The number of new passenger cars registered in Lithuania in September 2020 rose by 16.7% year-on-year, to 4,900 cars, from almost 4,200 cars in the same period last year, Autotyrimai said on Thursday, citing data from the state car registration company Regitra, cites LETA/BNS.