Volkswagen’s electric van, ID. Buzz, made its debut in the US. The US version is 10 inches longer than its European counterpart to accommodate a removable third row. The US Buzz is expected to go on sale in Q3 2024, and will sport a 91 kWh capacity battery pack, offering up to 260 miles range.
Indian startup NestAway, valued at $227m in 2019, has been acquired by Aurum for $10.9m, including an investment of $3.6m to stabilise the business. NestAway had raised $115m from investors including Sequoia Capital India, Tiger Global and Goldman Sachs, but saw revenues shrink from $9.5m in 2020 to $3m in 2022, partly due to Covid.
💰 Aurum is acquiring NestAway for up to $10.9m, including a $3.6m investment.
📉 NestAway saw its revenue fall from $9.5m in 2020 to just $3m in 2022.
👥 NestAway had raised $115m from investors including Sequoia Capital India and Goldman Sachs.