Mecho Autotech, a startup offering automotive spare parts, vehicle repairs and maintenance services, has raised a $2.4 million pre-Series A round. The firm targets the Nigerian market, where 90% of the country’s more than 12 million registered cars (mainly used) require regular maintenance to avoid recurring breakdowns. Its primary business connects vehicle owners (individuals and fleet owners) with workshops that handle vehicle repairs and maintenance. Retail consumers in Nigeria often have three alternatives for performing…"Mecho Autotech raises $2.4M, ventures into wholesale spare parts distribution"
Boeing refused to give the Pentagon cost data for almost 11,000 replacement parts over a year, according to a congressionally mandated report intended to shine a light on some military contractors’ opaque pricing data. The data denials for 10,659 items under a single contract accounted for 97% of such refusals by contractors during negotiations from October 2020 through September 2021, according to a previously undisclosed Pentagon assessment submitted to House and Senate defense committees. Boeing’s…"Boeing refused to give cost data for 11K replacement parts, Pentagon says"