Bosch executives on Thursday criticized proposed EU regulations that would ban the internal combustion engine by 2025, saying that lawmakers “shy away” from discussing the consequences of such a ban on employment. Although the company reported it is creating jobs through its new businesses, particularly its fuel cell business, and said it was filling more… Continue reading Bosch sees a place for renewable fuels, challenging proposed European Union engine ban
Author: Tech Crunch Online News
Dutch startup Go Sharing raises $60M to expand beyond e-mopeds and into new markets
On-demand access to electric mopeds — the small, motorised scooters that you sit on, not kick — has been a small but persistent part of the multi-modal transportation mix on offer to people in cities these days. Today, a startup out of The Netherlands is announcing some funding with ambitions to make e-mopeds more mainstream,… Continue reading Dutch startup Go Sharing raises $60M to expand beyond e-mopeds and into new markets
Ornikar raises $120M as its driving school marketplace goes up a gear with car insurance
A French startup that set out to bring a new approach to driver education and road safety, and then used that foothold to expand into the related area of car insurance, is today announcing a big round of funding to continue building its service across Europe. Ornikar, which prepares people for driving tests by providing… Continue reading Ornikar raises $120M as its driving school marketplace goes up a gear with car insurance
Huawei is not a carmaker. It wants to be the Bosch of China
One after another, Chinese tech giants have announced their plans for the auto space over the last few months. Some internet companies, like search engine provider Baidu, decided to recruit help from a traditional carmaker to produce cars. Xiaomi, which makes its own smartphones but has stressed for years it’s a light-asset firm making money… Continue reading Huawei is not a carmaker. It wants to be the Bosch of China
European e-scooter and micromobility startup Dott raises $85 million
Dott has raised a new $85 million Series B funding round — this round is a mix of equity and asset-backed debt financing. Belgium-based investment company Sofina is leading the investment. Dott is a micromobility startup that is better known for its colorful electric scooters that you can find across several European cities. The company… Continue reading European e-scooter and micromobility startup Dott raises $85 million
Gett inks deal with Curb Mobility to bring yellow cabs to its enterprise-focused on-demand ride-hailing app
Gett, the ride-hailing startup that has been carving out a niche for itself in a crowded and competitive market for on-demand transportation by focusing on enterprise accounts and connecting people with rides in some 1,500 cities leveraging a number of third-party fleets, is adding another partner today as it continues to double down on its… Continue reading Gett inks deal with Curb Mobility to bring yellow cabs to its enterprise-focused on-demand ride-hailing app
Oxbotica raises $13.8M from Ocado to build autonomous vehicle tech for the online grocer’s logistics network
Ocado, the UK online grocer that has been making strides reselling its technology to other grocery companies to help them build and run their own online ordering-and-delivery operations, is making an investment today into what it believes will be the next chapter of how that business will grow: it is taking a £10 million ($13.8… Continue reading Oxbotica raises $13.8M from Ocado to build autonomous vehicle tech for the online grocer’s logistics network
Autonomous aviation startup Xwing hits $400M valuation after latest funding round
The safety pilot has his hands off the controls during an Xwing demonstration flight. Image Credits: Xwing Xwing has scored another win two months after it completed its first gate-to-gate autonomous demonstration flight of a commercial cargo aircraft. The company said Thursday it has raised $40 million at a post-money valuation of $400 million. The… Continue reading Autonomous aviation startup Xwing hits $400M valuation after latest funding round
Polestar raises $500M from outside investors as EV market grows
Polestar, Volvo Car Group’s standalone electric performance brand, has raised $550 million in its first external round led by Chongqing Chengxing Equity Investment Fund Partnership, Zibo Financial Holding and Zibo Hightech Industrial Investment. SK Inc., the South Korean global conglomerate, and a range of other investors also participated. While this is Polestar’s first external round, the… Continue reading Polestar raises $500M from outside investors as EV market grows
NFT Inc. reimagines urban and rural living with flying car ASKA
A number of startups have promised to bring a drive-and-fly vehicle to market over the past few years, but none have yet managed to follow through. NFT Inc. is betting it will succeed where its rivals have failed, with preorders opening Thursday for ASKA, company’s first electric flying car. The SUV-sized ASKA ( which means… Continue reading NFT Inc. reimagines urban and rural living with flying car ASKA