It was only in June that Motorway – a U.K. platform on which professional car dealers can bid in an auction for privately owned cars for sale – raised $67.7 million in a Series B round. It’s now raised a $190m Series C funding round led by Index Ventures and ICONIQ Growth, a leading Silicon… Continue reading Second-hand car auction platform Motorway hits Unicorn status after $190M raise with Index, ICONIQ
Author: Tech Crunch Online News
Uber to shutter most of its service in Belgium tomorrow after court ruling
Uber will halt its ride-hailing service in most of Belgium tomorrow following a court ruling Wednesday that extends a 2015 order banning its p2p UberPop service to also cover professional drivers providing its ride-hailing service. Uber told us that it is studying the detail of the ruling to decide whether to appeal the decision with… Continue reading Uber to shutter most of its service in Belgium tomorrow after court ruling
Ionity lands €700 million investment from BlackRock, automakers to expand EV fast-charging network
Ionity, an electric vehicle fast-charging charging network provider whose owners include Daimler AG and Volkswagen Group, has scored a €700 million ($783 million) investment from BlackRock Global and existing shareholders to expand its footprint across Europe. The company, which was founded in 2017, installs ultra-high-speed EV charging stations. It was launched as a joint venture… Continue reading Ionity lands €700 million investment from BlackRock, automakers to expand EV fast-charging network
Einride founder Robert Falck on his moral obligation to electrify autonomous trucking
Robert Falck used to work at a Russian trucking factory by day, and by night, he built a nightclub guest list startup. He also collects old books, and once guessed that Chinese author Gao Xingjian would win the Nobel Prize in literature. He grew up on a farm, but has degrees in finance, economics and… Continue reading Einride founder Robert Falck on his moral obligation to electrify autonomous trucking
Volvo Cars Tech Fund invests $2M in optics and imaging startup Spectralics
The venture arm of Volvo Cars, an automaker long synonymous with safety, has invested in an optics and imaging startup developing technology that can be integrated into a car’s windshield or windows to deliver images to drivers and passengers. Volvo Cars Tech Fund invested $2 million into optics and imaging developer Spectralics, funds it will… Continue reading Volvo Cars Tech Fund invests $2M in optics and imaging startup Spectralics
Streetlogic launches computer vision-based e-bike collision warning system, raises $2.1M
Streetlogic wants to help e-bike riders have a safer experience on the road. The company announced a $2.1 million pre-seed raise, as well as the launch of its flagship product, a surround-view camera that can predict front, side and rear collisions and notify riders in order to prevent accidents. Starting Tuesday, customers in the U.S.,… Continue reading Streetlogic launches computer vision-based e-bike collision warning system, raises $2.1M
Polestar is bringing its electric Precept sedan to market in 2024 with a new name
The Polestar Precept sedan — the concept vehicle turned production project — has a new name and an official launch date. The company, the electric performance brand that spun out from Volvo Car Group, has dubbed the shark-nosed sedan Polestar 5 and announced it will go into production in 2024. When Polestar first revealed the… Continue reading Polestar is bringing its electric Precept sedan to market in 2024 with a new name
The Station: Inside the infrastructure bill, Canoo makes a move and EVs in LA
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. I’ve… Continue reading The Station: Inside the infrastructure bill, Canoo makes a move and EVs in LA
Vietnamese carmaker VinFast plots course for US market, starting with two electric crossovers
VinFast, the Vietnamese automaker under Vingroup, was one of the LA Auto Show’s numerous newcomers this year aiming to make an impression with consumers. The company showed off two all-electric crossovers at the show. And like so many new entrants to automotive — or in VinFast’s case, new to the United States — the vehicles… Continue reading Vietnamese carmaker VinFast plots course for US market, starting with two electric crossovers
EV upstart Xpeng is expanding beyond China
Like Nio, Chinese electric car maker Xpeng has kickstarted its international expansion. But unlike its rival, which put on a series of splashy campaigns in Norway, Xpeng launched quietly in the Scandinavian country last month. In Norway, Xpeng has begun shipping its G3 SUVs and P7 sedans. The Chinese EV startup aims to enter more… Continue reading EV upstart Xpeng is expanding beyond China