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Archive Tag: automotive

GM invests in radar software startup Oculii as demand for automated driving features rise

Oculii, a application startup which seeks to improve the spatial resolution of radar sensors by up to 100 -fold, has composed a brand-new investment from General Motors. The new funding, which the two companies say is in the millions, comes simply months after Oculii closed a $55 million Series B. Oculii and GM have already […]

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Supply chain and fleet conduct answers company Ryder is partnering with yet another autonomous trucking company. On Thursday, Ryder announced its plans to help Embark launch a national network of up to 100 transportation tops that will be owned and operated by the autonomous trucking developer. This is Ryder’s third public collaboration with autonomous trucking […]

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Mercedes-Benz introduced a slew of electric vehicles ahead of the IAA Mobility show in Germany, to be incorporated first AMG-branded high-performance EV, a sedan and a G-Class SUV perception — all one of the purposes of the company’s order to become an electric-only automaker by the end of the decade. Mercedes has already started create […]

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Geely’s ride-hailing unit Cao Cao Mobility raises $589M Series B to upgrade tech and expand fleet

Cao Cao Mobility, the ride-hailing unit of Chinese automaker Geely Automobile Holdings, has announced a $589 million( RMB 3.8 billion) Series B raise that the company says will help it upgrade its engineering and expand its fleet, distributed according to a statement released by the company( in Chinese ). The raise, which Cao Cao announced […]

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UK’s Marshmallow raises $85M on a $1.25B valuation for its more inclusive, big-data take on car insurance

Marshmallow — a U.K.-based auto coverage provider that has made a name for itself in the market by providing a new coming to automobile policy aimed at working a wider set of data points and smart algorithms to net a more diverse set of customers and provide more competitive frequencies — is announcing a milestone […]

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Sila Nanotechnologies’ battery technology will launch in Whoop wearables

Sila Nanotechnologies ‘ next-generation artillery engineering cleared its commercial concoction entry Wednesday in the new Whoop fitness tracker, a milestone that covers a decade of research and development by the Silicon Valley startup, all aimed at cracking the code to packing more power into a cell at a lower cost. Billions have been invest over […]

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Servicing one’s car personally is a time-consuming, expensive and painstaking process. It’s a cycle that can lead to more expensive reparations and safety issues down the line, and no auto owned likes that. Egypt and Dubai-based auto tech startup Odiggo is a pulpit tackling this problem. It tolerates vehicle owners to get the help they […]

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VanMoof raises $128 million to become the world’s leading e-bike brand

Amsterdam-based startup VanMoof has raised a $128 million Series C funding round. The busines designs and sells electric motorcycles that are quite popular in some business. It now wants to become the world’s heading e-bike brand by iterating at a faster pace. Asia-based private equity firm Hillhouse Investment is leading the round, with Gillian Tans, […]

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Automakers have battery anxiety, so they’re taking control of the supply

Battery seam bets has now become the sizzling must-have deal for automakers that have named ambitious targets to deliver millions of electric vehicles in the next few years. It’s no longer just about securing a equip of cadres. The cord of partnerships and joint projects is demonstrating that automakers are taking a more active role […]

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Shareholders approved Friday EV startup Lucid Motors’ merger with special intent acquisition busines Churchill Capital IV, after the companies diversified the deadline by one day because not enough retail investors pictured up to cast their vote. The issue is unusual but could become more common as more firms eschew the traditional IPO path to public […]

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