Category: News Site

Wandelbots Raises $30M in Series B Funding

Wandelbots, a Dresden, Germany – based developer of a ‘no code’ robot teaching platform, raised $30M in a Series B funding. The round was led by 83North with participation from M12 – Microsoft’s venture fund and Next47 and prior investors Paua Ventures, EQT Ventures and Atlantic Labs, as well as Haniel and Alexander Rinke (CEO… Continue reading Wandelbots Raises $30M in Series B Funding

Renault to cut 1,500 engineering jobs in France: union source

FILE PHOTO: A logo of Renault carmaker is pictured at a dealership in Nantes, France, May 26, 2020. REUTERS/Stephane Mahe PARIS (Reuters) – French carmaker Renault (RENA.PA) plans to cut 1,500 engineering jobs in France, a trade union source told Reuters on Tuesday. The engineering job cuts are part of cost savings plans that Renault… Continue reading Renault to cut 1,500 engineering jobs in France: union source

Chinese AI chip startup Biren bags $155m from Qiming, IDG, others

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to… Continue reading Chinese AI chip startup Biren bags $155m from Qiming, IDG, others

MG Motor India begins rolling out Hector Plus from Halol plant

MG Motor India today commenced commercial production of the its Hector Plus, the seven-seater extension of the MG Hector SUV. The Hector Plus is manufactured at the company’s Halol plant, and will go on sale in July 2020. The company says the Hector Plus differentiates itself from the first internet car in India, the Hector… Continue reading MG Motor India begins rolling out Hector Plus from Halol plant

China’s BYD nabs $113M to produce IGBTs, the ‘CPU of electric cars’

BYD Co., the Chinese auto giant backed by Warren Buffett, is rushing to make China self-sufficient in the production of electric vehicles. On Monday, the firm said in a filing it has secured 800 million yuan ($113 million) in a Series A+ round for its chipmaking arm, BYD Semiconductor. At stake is the race to make… Continue reading China’s BYD nabs $113M to produce IGBTs, the ‘CPU of electric cars’

US regulators will share automated vehicle test data with the public

Sponsored Links Waymo The National Highway Traffic Safety Administration (NHTSA) has launched a new initiative that will give you access to more information on automotive vehicle tests conducted by various companies. It’s a voluntary effort called Automated Vehicle Transparency and Engagement for Safe Testing (c) Initiative, which aims to increase transparency in the industry. The… Continue reading US regulators will share automated vehicle test data with the public

‘Hydrogen-On-Tap’ Device Turns Trucks Into Fuel-Efficient Vehicles

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