California-grown automotive software company Sonatus raised $35 million in a Series A round that attracted high-profile technology and automotive industry companies including Hyundai Motor Group’s Kia Corporation, SAIC Capital and LG Electronics. Silicon Valley VC Translink Capital led the round, with other investors including Marvell Technology, UMC Capital and Wanxiang Group Company. Sonatus, which was… Continue reading Auto software company Sonatus raises $35 million from Hyundai Motor Group, SAIC Capital
Author: Tech Crunch Online News
ChargePoint to buy European charging software startup for $295M
ChargePoint struck a deal to buy European charging software company has.to.be for €250 million ($295 million) in cash and stock, the electric vehicle charging network’s first acquisition since it became a publicly traded company. Through the deal, ChargePoint gains more than just 125 employees and the company’s operating software, which manages more than 40,000 networked… Continue reading ChargePoint to buy European charging software startup for $295M
GM confirms a third electric pickup truck is in development
GM will add a full-size electric pickup truck to its GMC lineup, the latest in a string of EV product announcements by the automaker in the past year as it pushes to deliver more than 1 million electric vehicles globally by 2025. The EV pickup was shared in a slide deck during the media presentation… Continue reading GM confirms a third electric pickup truck is in development
Velodyne Lidar CEO resigns in latest internal drama
Velodyne Lidar CEO Anand Gopalan is leaving the lidar company at the end of July as the sensor supplier continues to struggle with internal drama. Gopalan, who was previously CTO, is leaving the top leadership position after about a year and a half on the job. Velodyne said Monday in a statement that a team… Continue reading Velodyne Lidar CEO resigns in latest internal drama
The Station: Aurora SPACs, a spin on the VanMoof X3 and a chat with Outdoorsy founders
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 and 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. Before… Continue reading The Station: Aurora SPACs, a spin on the VanMoof X3 and a chat with Outdoorsy founders
Heart Aerospace raises $35M Series A, lands order with United and Mesa Airlines for 200 aircraft
Swedish electric aviation startup Heart Aerospace has received its biggest order to date: 200 of its inaugural ES-19 electric aircraft from aviation giant United Airlines and its regional airline partner Mesa Air Group. The deal, which includes an option of purchasing up to 100 additional aircraft, was announced together with a $35 million Series A… Continue reading Heart Aerospace raises $35M Series A, lands order with United and Mesa Airlines for 200 aircraft
Micromobility operator Veo raises $16M to fund U.S. expansion
Shared micromobility operator Veo has raised $16 million in new funding as the company ramps up its expansion plans in the United States. The Series A funding round, which follows permit awards in Santa Monica, San Diego and New York, will be used to expand Veo’s fleet and focus on developing city and community partnerships.… Continue reading Micromobility operator Veo raises $16M to fund U.S. expansion
Volkswagen’s new business strategy puts software and autonomous driving front and center
Volkswagen will ramp up its software, mobility as a service and battery tech to stay competitive in the coming decades, as it and other automakers prepare for the largest transition in personal mobility since the invention of the car. Laying out the company strategy Tuesday, Chief Executive Officer Herbert Diess emphasized a top-to-bottom transformation in… Continue reading Volkswagen’s new business strategy puts software and autonomous driving front and center
Bentley reveals Flying Spur Hybrid, its latest in the push towards electric
Bentley Motors, the 102-year-old ultra-luxury automaker under Volkswagen Group, revealed its newest hybrid model on Tuesday. The company says this latest iteration of the Flying Spur Hybrid is its most environmentally friendly vehicle yet. This new model is part of Bentley’s Beyond100 plan to become a carbon neutral organization with an entirely electrified range by… Continue reading Bentley reveals Flying Spur Hybrid, its latest in the push towards electric
VW offloads Bugatti to Rimac to form new EV company Bugatti-Rimac
Croatian electric supercar startup Rimac Automobili is taking over Bugatti. Rimac will own a controlling 55% share in the new company, Bugatti-Rimac, with VW’s Porsche owning the remaining 45%, according to reports by the Financial Times. “Rimac and Bugatti are a perfect match in terms of what we each bring to the table,” said founder… Continue reading VW offloads Bugatti to Rimac to form new EV company Bugatti-Rimac