WiTricity, a Watertown, MA-based EV wireless charging company, raised an additional $18m in funding. The round added to its previously announced $34m funding led by Stage 1 Ventures with participation from Air Waves Wireless Electricity and a strategic investment by Mitsubishi Corporation through its U.S. subsidiary, Mitsubishi Corporation (Americas). The extension included investments from Tony Fadell’s Future Shape… Continue reading WiTricity Raises Additional $18M in Funding
Author: FINSMES Online News
Recogni Raises $48.9M in Series B Funding
Recogni Inc., a San Jose, CA-based developer of an AI vision cognition system for autonomous vehicles, raised $48.9m in a Series B financing. The round was led by WRVI Capital with participation from new investors Mayfield Fund, Continental, and Robert Bosch Venture Capital and existing investors GreatPoint Ventures, Toyota AI Ventures, BMW i Ventures, Fluxunit –… Continue reading Recogni Raises $48.9M in Series B Funding
BusUp Raises $6M in Series A Funding
BusUp, a Spanish corporate bus commuter management solution in the E.U. and LatAm, closed its $6m Series A financing. The round was led by Proeza Ventures, and supported by US transportation venture capital firm Autotech Ventures (investor in Lyft and Volta Charging), and IESE’s Business School venture fund Finaves V, among others. The company intends… Continue reading BusUp Raises $6M in Series A Funding
Cognigy Raises Funding From Global Brain
Cognigy, a Düsseldorf, Germany-based conversational AI company that brings efficiency to customer service teams in enterprises, raised a strategic investment from Global Brain. The amount of the deal was not disclosed. The company intends to use the funds to expand into high-growth markets such as the Asia-Pacific region. Led by Philipp Heltewig, CEO and co-founder, Cognigy… Continue reading Cognigy Raises Funding From Global Brain
Vulog Raises $31M in Funding
Vulog, a Nice, France-based new mobility technology provider, raised $31m in funding. Backers included the European Investment Bank (EIB) and its current investors, which are Frog Capital, ETF Partners, Inven Capital, and BpiFrance. Led by Gregory Ducongé, CEO, Vulog provides a platform of tools covering all on-demand mobility needs, no matter the vehicle type (cars,… Continue reading Vulog Raises $31M in Funding
Imaweb Acquires Procar
Imaweb, a developer and provider of automotive and dealership digital software solutions in Europe, acquired Procar, an automotive digital software solutions provider in the DACH market. The amount of the deal was not disclosed. The acquisition of Procar will provide Imaweb with a significant presence in DACH, the largest automotive market in Europe. The acquisition… Continue reading Imaweb Acquires Procar
Bolt Acquires Assets From Last Mile
Bolt Mobility Corporation, a Miami, FL-based micromobility company, acquired the assets from Last Mile Holdings (TSXV: MILE). Last Mile Holdings (TSXV: MILE), formerly OjO Electric, is one of the largest micromobility companies in the U.S., offering a broad product suite. Last Mile has university campuses and municipal contracted shared mobility systems under the OjO and… Continue reading Bolt Acquires Assets From Last Mile
Oshkosh Corporation Completes Acquisition of Pratt Miller
Transaction strengthens competitive positions and strategic growth opportunities OSHKOSH, Wis.–(BUSINESS WIRE)–$OSK–Oshkosh Corporation (NYSE:OSK), a leading innovator of mission-critical vehicles and essential equipment, today announced the completion of the previously announced acquisition of Pratt Miller, which specializes in advanced engineering, technology and innovation across the motorsports and multiple ground vehicle markets, for a cash-free, debt-free purchase… Continue reading Oshkosh Corporation Completes Acquisition of Pratt Miller
Tactile Mobility Receives Strategic Investment
Tactile Mobility, a Haifa, Israel-based tactile virtual sensing and data company, secured funding from Nexteer Automotive and The Group Ventures. The investment acts as an extension to the previous $9 million round led by Porsche, and as a bridge to the next round of funding and brings total funding in the company to over $20M. The company plans to utilize… Continue reading Tactile Mobility Receives Strategic Investment
Parallel Domain Raises $11M in Series A Funding
Parallel Domain, a Palo Alto, Calif.- and Vancouver, BC, Canada-based synthetic data generation platform, raised $11m in Series A funding. The round was led by Foundry Group, with participation from Calibrate Ventures and existing investors Costanoa Ventures, Ubiquity Ventures, and Toyota AI Ventures. The company intends to use the funds to expand the footprint of its… Continue reading Parallel Domain Raises $11M in Series A Funding