The used car market is getting another major infusion of venture capital today, with one of the faster scaling startups out of India picking up a major round of financing to double down on growth: Cars24 — a site and app that sells users cars and used two-wheeled motorbikes — has raised $450 million, a… Continue reading India’s Cars24, a used-vehicle sales platform, raises $450M at a $1.84B valuation
Author: Tech Crunch Online News
Elon Musk praises Chinese automakers amidst regulatory scrutiny
An unusually scripted Elon Musk issued conciliatory and complimentary comments to Chinese automakers during a pre-recorded appearance at China’s World New Energy Vehicle Congress, striking a pose that is worlds away from his commentary style in the United States. “I have a great deal of respect for the many Chinese automakers for driving these [EV… Continue reading Elon Musk praises Chinese automakers amidst regulatory scrutiny
Boston Dynamics owner Hyundai deploys Spot for factory safety monitoring
Back in June, Hyundai completed a deal for controlling interest in Boston Dynamics. The Korean automotive giant no doubt has some grand plans for integrating the Massachusetts-based firm’s technology into a lot of their forward-looking concept mobility vehicles — for now, however, it’s more about putting existing robots to work. Hyundai today announced the arrival… Continue reading Boston Dynamics owner Hyundai deploys Spot for factory safety monitoring
Volta Trucks raises €37 million to bring electric delivery trucks to the streets of London and Paris
Trucking tends to be associated with highways, but it’s not uncommon to find large delivery vehicles trundling down the tightly packed streets of the world’s most populated cities. According to EV startup Volta Trucks, that’s far from ideal: in London, large commercial vehicles cause around 26% of pedestrian fatalities and around 80% of cyclist fatalities,… Continue reading Volta Trucks raises €37 million to bring electric delivery trucks to the streets of London and Paris
JB Straubel’s Redwood Materials is expanding into the battery materials business
Redwood Materials, the company started by former Tesla co-founder JB Straubel that aims to create a circular supply chain for batteries, is expanding its business. While it has been known primarily as a recycling firm, Redwood plans to simplify the supply chain by producing critical battery materials right here in the U.S. To get there,… Continue reading JB Straubel’s Redwood Materials is expanding into the battery materials business
The Station: Apple car shakeup, how Sept. 11 changed travel, and a pledge from airlines
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. Hi 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. Twenty… Continue reading The Station: Apple car shakeup, how Sept. 11 changed travel, and a pledge from airlines
GM extends Chevy Bolt EV production shutdown another two weeks
GM has extended a shutdown at its Orion Assembly Plant another two weeks due to a battery pack shortage related to the widespread Chevrolet Bolt EV and Bolt EUV safety recall. GM said the extended downtime at the Orion plant will last through September 20. Orion Assembly Plant in Michigan has been shut down since… Continue reading GM extends Chevy Bolt EV production shutdown another two weeks
China’s WeRide unveils Robovan, its first electric, autonomous cargo van
Chinese autonomous driving company WeRide has unveiled its first cargo van, the vessel upon which it will self-drive into the world of urban logistics. WeRide will work with Chinese automobile manufacturer Jiangling Motors (JMC) and Chinese express delivery company ZTO Express to commercialize its first self-driving van at scale. The deal was signed on Wednesday… Continue reading China’s WeRide unveils Robovan, its first electric, autonomous cargo van
Geely’s ride-hailing unit Cao Cao Mobility raises $589M Series B to upgrade tech and expand fleet
Cao Cao Mobility, the ride-hailing unit of Chinese automaker Geely Automobile Holdings, has announced a $589 million (RMB 3.8 billion) Series B raise that the company says will help it upgrade its technology and expand its fleet, according to a statement released by the company (in Chinese). The raise, which Cao Cao announced on Monday,… Continue reading Geely’s ride-hailing unit Cao Cao Mobility raises $589M Series B to upgrade tech and expand fleet
Solid Power expands production capacity to deliver test batteries to BMW, Ford in 2022
Solid Power, a battery developer backed by Ford and BMW, is expanding its Colorado-based factory footprint as it prepares pilot production of its solid state batteries early next year. The new production facility will be dedicated to manufacturing one of the company’s flagship products, a sulfide-based solid electrolyte material, by up to 25 times its… Continue reading Solid Power expands production capacity to deliver test batteries to BMW, Ford in 2022