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
Author: Tech Crunch Online News
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
Veo CEO Candice Xie has a plan for building a sustainable scooter company, and it’s working
‘We are still profitable. Quarter after quarter.’ Rebecca Bellan 10 hours Startups are the embodiment of frenetic action. The rush to grow, outrun, and disrupt runs in the lifeblood of today’s entrepreneurs, driving their fervor and enabling them to capture markets from giants of industries too big to maneuver in a quickly changing landscape. That… Continue reading Veo CEO Candice Xie has a plan for building a sustainable scooter company, and it’s working
Autonomous trucking startup Embark to go public in $5.2B SPAC deal
Five-year old self-driving truck startup Embark Trucks Inc. said Wednesday it would merge with special purpose acquisition company Northern Genesis Acquisition Corp. II in a deal valued at $5.2 billion. Embark takes a different approach to autonomous trucking: As opposed to manufacturing and operating a fleet of trucks themselves, which is the route rival TuSimple… Continue reading Autonomous trucking startup Embark to go public in $5.2B SPAC deal
Ford micromobility subsidiary Spin launches first in-house built e-scooter
Spin, Ford’s micromobility subsidiary, has launched its first custom designed and built electric scooter. The company says the S-100T scooters are its safest and longest lasting, two qualities that it hopes will attract the attention of cities as it aims its strategy at exclusive partnerships. When the company launches its service in Sacramento in July,… Continue reading Ford micromobility subsidiary Spin launches first in-house built e-scooter
Chinese robotaxi unicorn WeRide bags over $600M in 5 months
It’s hard to keep up with the fundraising spree in China’s autonomous driving industry these days. Guangzhou- and California-based robotaxi company WeRide, which counts Renault-Nissan-Mitsubishi Alliance as one of its strategic investors, has raised over $600 million in just under five months from its Series B and C financing rounds. The four-year-old upstart said in… Continue reading Chinese robotaxi unicorn WeRide bags over $600M in 5 months