Sylndr, a used-car retailer, raises $12.6M pre-seed to disrupt Egypt’s automotive market

Egypt is home to one of Africa’s largest vehicle fleets, with over 6 million cars (80% passenger cars) on its roads. According to this finding, most are used cars; their ratio to new vehicles is 3:1.  The used cars market isn’t only enormous in Egypt. It is the same...

Tesla pulls the plug on the Gen 2 Mobile Connector Bundle included with vehicle purchase

New Tesla purchases will no longer come with the brand’s Gen 2 mobile connector. Instead, buyers can opt to add the charging kit for the reduced price of $200. The Gen 2 Mobile Connector Bundle, which includes a 20-foot cable, a 220V-240V adapter and storage bag, will...