Onto has raised $175 million in a combined equity and debt Series B round, capital the U.K.-based electric vehicle subscription startup plans to use to expand within the country as well as move into new markets. This latest round brings Onto’s total funding to $245 million. Swedish VC Alfvén & Didrikson is leading the round… Continue reading Onto raises $175 million in Series B to expand EV subscription service in the UK
Author: Tech Crunch Online News
Lucid Motors kicks off market debut with EV factory expansion plans
Lucid Group (formerly Lucid Motors) will be expanding its factory in Casa Grande, Arizona, by 2.7 million square feet, CEO Pete Rawlinson said Monday just hours after the company officially went public with a $4.5 billion injection of capital. The company also said it has 11,000 paid reservations for its flagship luxury electric sedan, the… Continue reading Lucid Motors kicks off market debut with EV factory expansion plans
Peer-to-peer car rental startup Getaround fined nearly $1M by DC’s attorney general
Getaround was fined nearly $1 million by the Washington, D.C. Office of the attorney general for operating without a license and other violations, part of a settlement of what the peer-to-peer car rental startup calls “politically motivated allegations.” The AG’s office started investigating the company early last year, after it received reports of vehicle thefts… Continue reading Peer-to-peer car rental startup Getaround fined nearly $1M by DC’s attorney general
Norway’s electric car subscription service imove closes $22.3M Series A led by AutoScout24
The “subscribe to your car” movement has been taking off in recent years, with the appearance of Fleks in the U.K., Cazoo (after its acquisition of Drover) and Care by Volvo Hertz, to name just a few. Into this space has appeared imove out of Norway, with what appears, at least, to be a new… Continue reading Norway’s electric car subscription service imove closes $22.3M Series A led by AutoScout24
Intel’s Mobileye takes its autonomous vehicle testing program to New York City
Mobileye, a subsidiary of Intel, has expanded its autonomous vehicle testing program to New York City as part of its strategy to develop and deploy the technology. New York City joins a number of other cities, including Detroit, Paris, Shanghai and Tokyo, where Mobileye has either launched testing or plans to this year. Mobileye launched… Continue reading Intel’s Mobileye takes its autonomous vehicle testing program to New York City
Waymo to open offices in Pittsburgh, an AV tech hub
Waymo, Google’s former self-driving car project that’s now an independent business unit under Alphabet, is expanding its presence in the eastern U.S. The company said Thursday it would be opening offices in Pittsburgh, joining a growing suite of companies developing and testing autonomous vehicle technology in the Steel City. The company will start by hiring… Continue reading Waymo to open offices in Pittsburgh, an AV tech hub
Auto software company Sonatus raises $35 million from Hyundai Motor Group, SAIC Capital
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
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