In the wake of a $300 million investment from General Motors in September, Momenta, an autonomous driving solution provider from China, announced today an additional $500 million added to its Series C round. The new injection brings the total of the startup’s Series C to over $1 billion. Momenta adapts what it calls a two-legged… Continue reading Autonomous driving startup Momenta raises another $500M
Author: Tech Crunch Online News
Theodore Tewksbury to take over as Velodyne CEO
Velodyne Lidar is welcoming a new CEO. The sensor company said that Theodore Tewksbury would take over the role starting November 10, the most recent in a string of changes to Velodyne’s C-suite since the beginning of this year. “I was attracted to Velodyne for a very simple reason which is, as you all know,… Continue reading Theodore Tewksbury to take over as Velodyne CEO
Nikola sets aside $125 million to settle with SEC
Electric truck developer Nikola Corp. is in talks with the U.S. Securities Exchange Commission to pay a $125 million civil penalty, part of an ongoing probe by the regulator into whether the company mislead investors, the company reported in its third-quarter earnings. Nikola would pay the settlement in installments, and had earmarked the funds in… Continue reading Nikola sets aside $125 million to settle with SEC
Fisker is on target to launch the Ocean electric SUV in November 2022
Fisker provided an upbeat forecast on the ramp-up of its electric automaking business during Wednesday’s third-quarter earnings call, highlighting its manufacturing partnership with Foxconn, a battery supply agreement with Chinese battery giant CATL secured and its on-track production for the company’s debut Ocean SUV. The company confirmed that it will start production of the Ocean… Continue reading Fisker is on target to launch the Ocean electric SUV in November 2022
Ford F-150 Lightning electric truck reservations surpass 160,000
Ford Motor Company confirmed that reservations for the all-electric F-150 Lightning pickup truck have surpassed 160,000, less than six months after its debut. The U.S. automaker has been accepting $100 refundable reservations for the vehicle since its unveiling. Ford has seen a high level of consumer interest, bagging 20,000 reservations on the first day, 44,000… Continue reading Ford F-150 Lightning electric truck reservations surpass 160,000
E-scooter company Neuron trials 1,500 scooters that can detect and correct unsafe riding
Singapore-based Neuron Mobility, an e-scooter-sharing company, is updating its N3 scooters with a new operating system and additional on-board sensors that will help it detect and correct dangerous or inconsiderate riding behavior. The company will be trialing about 1,500 upgraded scooters in Australia, Canada and the United Kingdom over the next six months. Neuron’s new… Continue reading E-scooter company Neuron trials 1,500 scooters that can detect and correct unsafe riding
Waymo self-driving vehicles will begin mapping NYC’s streets
Waymo’s self-driving cars will make an appearance in New York City on Thursday, but don’t expect to hail a robotaxi in the Big Apple anytime soon — or ever. The company is a long way from testing or launching its autonomous vehicles commercially in the city. Instead, Waymo announced plans to manually drive its vehicles… Continue reading Waymo self-driving vehicles will begin mapping NYC’s streets
Einride launches autonomous pods and electric freight operations in U.S.
Swedish freight technology company Einride announced the launch of its operations in the United States. On Thursday, the company will officially begin testing its transport solutions – like its autonomous ‘pods,’ electric trucks and ‘Saga’ operating system – with partners like GE Appliances (GEA), Bridgestone and Oatly. The company also announced that it would introduce… Continue reading Einride launches autonomous pods and electric freight operations in U.S.
Tesla recalls 11,704 vehicles after identifying Full Self-Driving Beta software error
Tesla voluntarily recalled nearly 11,704 vehicles after identifying a software error that could cause a false forward-collision warning or unexpected activation of the automatic emergency brake system, the National Highway Traffic and Safety Administration said. All of the affected vehicles had early access to the automaker’s “Full Self-Driving Beta,” it’s advanced driver assistance system. The… Continue reading Tesla recalls 11,704 vehicles after identifying Full Self-Driving Beta software error
Autonomous delivery startup Nuro lands investment from Google, Tiger Global in new $600 million round
Nuro has raised $600 million in a fundraising round led by new investor Tiger Global Management, capital that the autonomous delivery startup will use to ramp up commercial operations. The funding has pushed Nuro’s valuation to about $8.6 billion — or some 72% higher than a year ago — according to people familiar with the… Continue reading Autonomous delivery startup Nuro lands investment from Google, Tiger Global in new $600 million round