Autonomous driving system developer Ghost Locomotion has raised a $100 million Series D funding round, led by Sutter Hill Ventures. Returning investor Founders Fund also participated in the round, along with Coatue. The money will be used toward R&D as the company continues to develop its highway self-driving and crash prevention technology. Ghost has been… Continue reading Ghost raises $100M Series D for autonomous driving and crash prevention tech
Author: Tech Crunch Online News
Pittsburgh’s Locomation puts a convoy twist on autonomous trucking
The Pittsburgh Strip District, once home to Industrial Age giants Alcoa, Heinz, U.S. Steel and Westinghouse, has evolved over the past decade into a technology and robotics hub, and notably, a testbed of autonomous vehicles. That activity has more recently spilled out beyond Smallman Street, so-called Robotics Row, past the confines of the Strip District… Continue reading Pittsburgh’s Locomation puts a convoy twist on autonomous trucking
The Station: Bird has drama in San Francisco, drone delivery startup Zipline raises $250M
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. Happy 4th of July! For those of you who are actually checking your emails today while getting some sun at an overcrowded beach or diligently grilling hot dogs,… Continue reading The Station: Bird has drama in San Francisco, drone delivery startup Zipline raises $250M
Department of Justice opens investigation into EV startup Lordstown Motors
Lordstown Motors continues to stumble. The beleaguered electric vehicle startup is now being investigated by the Department of Justice, in addition to an ongoing investigation by the Securities and Exchange Commission. The investigation, first broke by the Wall Street Journal on Friday, is still in its early stages, according to unnamed sources. It is being… Continue reading Department of Justice opens investigation into EV startup Lordstown Motors
BMW i Ventures announces new $300 million fund to invest in sustainable technology
BMW i Ventures, the venture capital arm of BMW Group, has announced a new $300 million fund to further its investment in technologies that make transportation, manufacturing and supply chains more sustainable. The firm doesn’t operate as a traditional corporate venture capital fund, but rather acts independently from BMW while being fully backed by the… Continue reading BMW i Ventures announces new $300 million fund to invest in sustainable technology
Volvo Cars sets the tone for its next-gen vehicles with ‘Concept Recharge’ EV
Volvo Cars wants to completely electrify its lineup by 2030 and on Wednesday offered a glimpse into how it plans to get there and what its next generation of vehicles might look like. But it’s not going to do it alone. Although the automaker plans on developing its own in-car operating system and other parts… Continue reading Volvo Cars sets the tone for its next-gen vehicles with ‘Concept Recharge’ EV
Rimac Automobili founder Mate Rimac shares lessons from bootstrapping an EV company
‘We had situations where I can’t even start to explain what we survived’ Kirsten Korosec 7 hours Mate Rimac’s founder story has the makings of automotive folklore. He started Rimac Automobili in his garage in 2009 as a literal one-person operation that has grown to a company with more than 1,000 employees, supply contracts with… Continue reading Rimac Automobili founder Mate Rimac shares lessons from bootstrapping an EV company
GM’s newest startup aims squarely at the commercial EV market
BrightDrop looks to gobble up delivery and fleet customers Roberto Baldwin 9 hours Ford and GM’s century-old battle for market share is no longer restricted to gas- and diesel-powered passenger car, truck and SUV sales. The hottest market in the next decade is commercial and electric. In this new race, the two companies are taking… Continue reading GM’s newest startup aims squarely at the commercial EV market
Prologue, Honda’s first electric SUV, is coming to market in 2024
Honda said Monday it will sell its first electric SUV in North America in early 2024, part of the automaker’s push to shift away from gas-powered vehicles before the middle of the decade. The new car’s name, Prologue, is meant to signify the beginning of what the company called its “new electrified era.” Prologue is… Continue reading Prologue, Honda’s first electric SUV, is coming to market in 2024
The Station: Quanergy and Embark to go public via SPAC, Spin and Bird announce fresh launches
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 back to The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to… Continue reading The Station: Quanergy and Embark to go public via SPAC, Spin and Bird announce fresh launches