Category: News Site

Mysterious Garage Fire Takes Out A Tesla And Other Vehicles

A recent garage fire in California just hit the news. Thankfully, the fire only caught in the garage and outdoors and didn’t make its way into that home. However, four cars were totaled, including a Tesla. There have been about 40 Tesla fires in total globally, which is surely cause for concern since any car… Continue reading Mysterious Garage Fire Takes Out A Tesla And Other Vehicles

China’s AutoX raises ‘tens of millions’ of dollars in fundraising

BEIJING — AutoX, a Chinese startup that develops autonomous vehicles, said Monday it had completed its Series pre-B financing round, taking in “tens of millions” of dollars, local tech media 36Kr reported. Shenzhen-based Hongzhao Fund led the round, which concluded at the end of 2019, while Chaoshan Capital and Shenzhen IMT Industry Group also participated.… Continue reading China’s AutoX raises ‘tens of millions’ of dollars in fundraising

China’s startup funding slump hits early-stage businesses

SHANGHAI/TOKYO — Chinese startups are facing an increasingly tough financing landscape after data showed a slide in the amount raised last year as investors shift to backing companies with track records. Chinese startups raised 774.1 billion yuan ($112 billion) in 2019, down nearly 36% from a year ago, according to Jingdata, a unit of an… Continue reading China’s startup funding slump hits early-stage businesses

Uber experiment lets California drivers set their own fares

Sponsored Links SIPA USA/PA Images Uber is testing another new feature in what is presumably a bid to help mitigate the restrictions of Assembly Bill 5, which requires the company to treat its drivers as employees, not independent contractors. Some drivers in California will now have the ability to set their own fares, which could… Continue reading Uber experiment lets California drivers set their own fares

UK begins testing unsupervised autonomous transport pods

Sponsored Links Capri Mobility Shoppers at a UK mall have the opportunity to try out autonomous transport pods this week which — in a UK first — operate entirely without supervision. The driverless pods are being tested at the Cribbs Causeway mall in Gloucestershire, and run between 10AM and 4PM every day for a week,… Continue reading UK begins testing unsupervised autonomous transport pods

Funding for public electric car charging points doubled by Government

The Government has doubled funding for its On-street Residential Chargepoint Scheme to £10 million for the 2020-21 financial year. The scheme, which allows councils to apply for funding to install public EV charging points on residential streets under its jurisdiction, has the potential to pay for up to 3,600 more charging stations. • Electric car charging… Continue reading Funding for public electric car charging points doubled by Government

Circonus Raises $6.8M in Series A1 Funding

Circonus, a Philadelphia, PA-based provider of a machine data intelligence platform built to handle data in IT infrastructure and IoT deployments, raised $6.8m in Series A1 funding. The round was led by Osage Venture Partners with participation from new investors Bull City Venture Partners, Ben Franklin Technology Partners, and NewSpring Capital. The company intends to… Continue reading Circonus Raises $6.8M in Series A1 Funding

MITER: Get to autonomous driving faster

MITER starts a laboratory for autonomous driving: MASE (Mobile Autonomous Systems Experimentation). MITER is a research institution in the United States that is a non-profit organization of the Massachusetts Institute of Technology (MIT) was split off. The new research institute was named Mobile Autonomous Systems Experimentation, which is abbreviated MASE. MASE should investigate ways of… Continue reading MITER: Get to autonomous driving faster