Author: Google News Scanning

Driverless car startup Five raises $41m investment from Direct Line and Airbnb backer – City A.M.

London tech firm Five has today closed $41m in funding from a slew of new investors, including Trustbridge Partners, Direct Line and Sistema VC. The series B fundraising was supported by existing backers Lakestar, Amadeus Capital Partners, Kindred Capital and Notion Capital — which between them have backed the likes of Airbnb, Klarna, Graphcore and… Continue reading Driverless car startup Five raises $41m investment from Direct Line and Airbnb backer – City A.M.

Maxim release smallest LiDAR ICs – New Electronics

27 February 2020 Designers of automotive self-driving systems can now enable higher-speed autonomous driving through the industry’s fastest and smallest Light Detection and Ranging (LiDAR) ICs from Maxim Integrated Products. Compared to solutions on the market, the MAX40026 high-speed comparator and the MAX40660/MAX40661 high-bandwidth transimpedance amplifiers enable 10mph (15km/h) faster autonomous driving at highway speeds… Continue reading Maxim release smallest LiDAR ICs – New Electronics

Volkswagen to stop CNG development – Fleet Europe

In an interview with Handelsblatt, Volkswagen Group has announced it will stop development of CNG technology. The group sold CNG-powered vehicles under the Volkswagen, Skoda and Seat brands. Instead, VW will focus on full-electric cars. Natural gas has long been seen as a relatively clean alternative to diesel and petrol as we are waiting for… Continue reading Volkswagen to stop CNG development – Fleet Europe

2022 Fisker Ocean All-Electric Luxury SUV: Exclusive Driving Footage and New Specifications Revealed – PR Newswire UK

— The world’s most sustainable vehicle can be seen in action, reflecting the production-ready platform’s maturity, reliability and performance. The footage, by Fisker Inc., was directed by cinematographer Phil Arntz in association with SP Films — Ride and suspension features, aerodynamics, cooling and crash performance details revealed for the 2022 Fisker Ocean, starting at $37,499… Continue reading 2022 Fisker Ocean All-Electric Luxury SUV: Exclusive Driving Footage and New Specifications Revealed – PR Newswire UK

Deutsche Post to cease StreetScooter production – www.electrive.com

Deutsche Post has announced that they will cease the manufacturing capacity of their StreetScooter before the end of this year. It seems that Post CEO Frank Appel has given up on finding a buyer for its subsidiary in the face StreetScooter’s continuing losses and the parent company’s recent profit losses through the coronavirus. A spokesperson… Continue reading Deutsche Post to cease StreetScooter production – www.electrive.com

Vietnam’s VinFast enters Australia, eyes Holden assets – Paul Tan’s Automotive News

VinFast has its sights set on Australia, and is eyeing assets of the just wound down Holden. According to carsales.com.au, the young Vietnamese carmaker – which set up shop in Melbourne last December – has hired Holden engineers, and has showed interest in GM’s unwanted facilities. According to the report, VinFast, which has global ambitions,… Continue reading Vietnam’s VinFast enters Australia, eyes Holden assets – Paul Tan’s Automotive News

Zoox scouts for funding ahead of self-driving taxi debut – Axios

Zoox is in “advanced discussions with several strategic partners and corporate investors” for its next round of funding, CEO Aicha Evans tells Axios. Why it matters: The self-driving car developer has been especially quiet for the past year or so, and venture capital sources say the company has struggled to raise capital to fund its… Continue reading Zoox scouts for funding ahead of self-driving taxi debut – Axios

Oxbotica and Cisco join forces on driverless data challenge – The Engineer

UK autonomous vehicle software specialist Oxbotica has teamed up with IT giant Cisco to develop technology for tapping into the potential of the huge volumes of data generated by driverless vehicles. Autonomous vehicles make 150 independent vehicle detections every second and generate up to 80GB of data per driven-hour from sensors such as LiDAR, cameras… Continue reading Oxbotica and Cisco join forces on driverless data challenge – The Engineer

Driverless car startup Pony.ai raises $462 million at a $3 billion valuation – VentureBeat

In a sign that investors’ enthusiasm for driverless cars hasn’t dampened yet, Pony.ai today secured a whopping $462 million in fresh funding, $400 million of which came from Toyota. The capital infusion brings the Guangzhou- and Fremont, California-based startup’s total raised to about $800 million at a valuation north of $3 billion (up from $1… Continue reading Driverless car startup Pony.ai raises $462 million at a $3 billion valuation – VentureBeat