SANTA CLARA, Calif., June 11, 2018 /PRNewswire/ — BYTON today concluded its successful Series-B fundraising round, attracting a total of $500 million from multiple major investors that include FAW Group, Tus-Holdings, CATL, and more. The funding round empowers BYTON with a strong financial position for continued progress in mass production, R&D and product development. Inside of… Continue reading BYTON Closes Series B Fundraising, Attracting $500 Million to Further Speed Development of a Line of Smart Connected Vehicles
Author: PR Newswire Online News
Hexagon Acquires AutonomouStuff, Bolstering its Leadership Position in Autonomous Solutions
NACKA STRAND, Sweden, June 8, 2018 /PRNewswire/ — Hexagon AB, a global leader in digital solutions, announces the acquisition of AutonomouStuff, one of the world’s leading suppliers of integrated autonomous vehicle solutions. Founded in 2010, US-based AutonomouStuff is pioneering turn-key platforms for autonomous vehicle development, robotics and data intelligence innovation. Its turn-key platforms, which utilise… Continue reading Hexagon Acquires AutonomouStuff, Bolstering its Leadership Position in Autonomous Solutions
Peer-to-Peer Ridesharing Platform, HyreCar Files Registration Statement for Proposed Initial Public Offering
LOS ANGELES, June 7, 2018 /PRNewswire/ — Today, HyreCar Inc. announced it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to a proposed initial public offering of shares of its common stock. HyreCar Inc. plans to offer 2,100,000 shares of its common stock at a… Continue reading Peer-to-Peer Ridesharing Platform, HyreCar Files Registration Statement for Proposed Initial Public Offering
Innoviz Technologies and HiRain Technologies Partner to Bring High-Performance LiDAR and Computer Vision Software to Chinese Auto Manufacturers
KFAR SABA, Israel and BEIJING, June 6, 2018 /PRNewswire/ — Innoviz Technologies, a leading provider of LiDAR sensing solutions, and HiRain Technologies, a leading Tier 1 solution provider for the automotive market in China, announced today a partnership to bring Innoviz’s groundbreaking LiDAR and computer vision technology to Chinese automakers through HiRain’s extensive sales channels… Continue reading Innoviz Technologies and HiRain Technologies Partner to Bring High-Performance LiDAR and Computer Vision Software to Chinese Auto Manufacturers
AlphaCar, the First Community Token Economy with Large Scale Application on Blockchain
SHANGHAI, June 6, 2018 /PRNewswire/ — The global automotive market has more than 1.3 billion cars and is a 10 trillion US dollar market. However, it is a typical lemon market due to asymmetric information. George A. Akerlof won the Nobel Prize in Economics for his paper “The Market for Lemons: Quality Uncertainty and the… Continue reading AlphaCar, the First Community Token Economy with Large Scale Application on Blockchain
Ken Garff Buys Henry Day Ford
SALT LAKE CITY, June 4, 2018 /PRNewswire/ — Ken Garff Automotive Group has purchased Henry Day Ford, effective June 1, 2018, combining the expertise of two premier, family-owned auto companies in Utah. “We whole-heartedly welcome the Henry Day dealership, its employees and customers into the Ken Garff family,” said John Garff, CEO, Garff Enterprises, Inc.… Continue reading Ken Garff Buys Henry Day Ford
Kia Motors America Announces May Sales
IRVINE, Calif., June 1, 2018 /PRNewswire/ — Kia Motors America today announced May sales of 59,462 vehicles, representing a 1.6 percent increase over the same period last year and the brand’s highest monthly sales total in 2018. May sales were led by the Forte and Sorento, with 11,261 and 10,370 units sold, respectively. In addition,… Continue reading Kia Motors America Announces May Sales
Voltaiq Raises $6.6 Million in Oversubscribed Series A Funding Round
BERKELEY, Calif. and BROOKLYN, N.Y., May 31, 2018 /PRNewswire/ — Voltaiq, the leader in Battery Intelligence™ software solutions, today announced that it has raised $6.6 million in a Series A funding round. The round was led by Anzu Partners and includes Bee Partners, SJF Ventures, and UL Ventures. The funding will enable Voltaiq to accelerate the roll… Continue reading Voltaiq Raises $6.6 Million in Oversubscribed Series A Funding Round
ParkMobile Adds Key Executives to its Leadership Team
ATLANTA, May 30, 2018 /PRNewswire/ — ParkMobile, LLC, the leading provider of smart parking and mobility solutions in the US, announced today the appointment of new executive to its leadership team. ParkMobile lets you reserve parking spaces ahead of time. So you can drive directly to a conveniently located garage and have a guaranteed spot waiting… Continue reading ParkMobile Adds Key Executives to its Leadership Team
Mapbox to Bring AI-Powered Vision SDK to Microsoft Azure IoT Platform
SAN FRANCISCO, May 30, 2018 /PRNewswire/ — Mapbox announced it will integrate its Vision SDK with Microsoft Azure IoT platform, enabling developers to build innovative applications and solutions for smart cities, the automotive industry, public safety and more. The Mapbox Vision SDK provides augmented reality (AR) navigation, driver alerts for speed limits, pedestrians, vehicles and other event-based… Continue reading Mapbox to Bring AI-Powered Vision SDK to Microsoft Azure IoT Platform