The round was led by America venture capital firm, Ecosystem Integrity Fund (EIF) of Sacramento, California, with participation from Blume Ventures of Mumbai, India and British International Investment Plc of London, UK (BII).

The manufacturer is trialling a new autonomous driving feature, developed in-house, which allows buses to drive into and out of passenger stops independently of the driver.

Q3 tractor unit sales totalled 16,490 units compared with 17,025 units.

The truck, an ‘E-Tech C’, is a five-axle model which can carry up to ten cubic metres of concrete in a Stetter-branded mixer developed by Schwing Group of Germany.

The Krone Commercial Vehicle Division generated EUR 1.58 billion in revenues, a decrease of 26.1% compared with 2023 figures of EUR 2.14 billion.

Sales of medium and heavy rigid trucks (7.5t GVW and above) in India declined to 60,215 units in Q3 (63,469).

The company has launched two new services designed for the evaluation, verification, and benchmarking of AI-powered systems.

At the end of January, the European Commission kicked off a series of strategic dialogues with business leaders from the automotive industry to review regulations which set mandatory CO2 emission targets for newly-registered vehicles. In a press release, the ACEA alleged that car and van manufacturers could face fines of up to EUR16bn this year for failing to comply with the regulation. Cummins expects that a similar target for CVs – a 43% reduction starting in 2030 – will not be achieved without a drastic transformation of the market. Echoing the opinion of the ACEA, Lamb told Truck & Bus Builder that “the rollout of infrastructure for both electric and hydrogen vehicles is slower than will be needed to meet the 2030 target”.

The ‘StackPack 75’ fuel cell system is designed for on-road applications such as urban and intercity buses, coaches, and light- to medium-duty trucks, as well as offroad handling and construction equipment.

Minibuses (GVW ≤ 5t, with fewer than 13 seats) recorded a 26.8% increase in sales.

Hands-free charging systems developed by Rocsys will support a fleet of thirty self-driving terminal tractors, allowing them to recharge without requiring humans to manually connect and disconnect them.

The truck developed by Scania is a 230-kW series hybrid running primarily on battery-electric power, with a 120-kW petrol-powered generator to provide backup energy.