Category: Automotive

Green Motion Signs New Franchise in Portugal

Richard Lowden, founder & CEO of Green Motion International, with Paulo Pereira, mobility manager, MCoutinho Group, poses together in celebration of the new partnership. Photo: Green Motion Car rental company Green Motion confirmed the sale of its Master Country Franchise for Portugal to the MCoutinho Group, which is one of Portugal’s largest automotive retailers representing 20 brands… Continue reading Green Motion Signs New Franchise in Portugal

UK needs law for self-driving cars, government body says

Once a self-driving system is engaged, “the person in the driving seat would no longer be responsible for how the car drives,” the law commissions proposed in the report. By Nick Carey LONDON: Britain should pass a law regulating self-driving vehicles and include sanctions for companies if anything goes wrong when their vehicles take over… Continue reading UK needs law for self-driving cars, government body says

Baidu’s electric vehicle arm Jidu raises $400 mln in new funding round

Jidu, launched a year ago, is Baidu’s latest effort to leverage its artificial intelligence expertise for car-making. BEIJING: Baidu‘s electric vehicle (EV) arm Jidu Auto said on Wednesday that it had raised nearly $400 million from Baidu and Zhejiang Geely Holding Group in a fresh funding round. Jidu, an EV venture between China’s search engine… Continue reading Baidu’s electric vehicle arm Jidu raises $400 mln in new funding round

Wandelbots Raises $84M in Series C Funding

Wandelbots CEO Christian Piechnick Wandelbots, a Dresden, Germany-based robotic software company that is making industrial robots accessible for everyone, raised over $84m in Series C financing. The round was led by Insight Partners, with participation from existing investors 83North, Microsoft, Next47, Paua, Atlantic Labs and EQT. In conjunction with the funding, Philine Huizing, Principal at Insight Partners, will… Continue reading Wandelbots Raises $84M in Series C Funding

@BMW: BMW model update measures as of spring 2022.001705

Munich. Parallel to the launch of the new BMW 8 Series, the new BMW M8 model family, the BMW iX M60 (power consumption combined:  24.5 – 21.9 kWh/100 km according to WLTP; CO2 emissions: 0 g/km) and the special edition BMW X2 Goldplay, BMW is increasing the appeal of numerous other models with additional drive variants… Continue reading @BMW: BMW model update measures as of spring 2022.001705

MAY MOBILITY ACCELERATES GROWTH WITH SERIES C FUNDING

ANN ARBOR, Mich., Jan. 26, 2022 /PRNewswire/ — May Mobility, a leader in the development and deployment of autonomous vehicle (AV) technology, today announced the initial closing of its Series C round of funding with an investment of $83 million led by Mirai Creation Fund II – a SPARX Group Co., Ltd. managed fund that is renowned… Continue reading MAY MOBILITY ACCELERATES GROWTH WITH SERIES C FUNDING

Baidu’s EV arm Jidu raises $400m in new funding round

Baidu’s electric vehicle (EV) arm Jidu Auto said on Wednesday that it had raised nearly $400 million from Baidu and Zhejiang Geely Holding Group in a fresh funding round. Jidu, an EV venture between China’s search engine company Baidu and Chinese automaker Geely, said in a statement that it would deliver its mass-produced “robot” cars in 2023.… Continue reading Baidu’s EV arm Jidu raises $400m in new funding round

@Hyundai: Hyundai Motor Group and JTC to Develop Smart Transport and Logistics Models for Singapore’s Jurong Innovation District

MOU partnership between Hyundai Motor Group and JTC to study and develop smart transport and logistics models for Singapore’s Next-Generation Industrial and Business Parks such as Jurong Innovation District   The Group to review new mobility options, including Electric Vehicles (EVs) and Autonomous Vehicles (AVs), to optimise logistics routes, autonomous shuttle services and infrastructure The… Continue reading @Hyundai: Hyundai Motor Group and JTC to Develop Smart Transport and Logistics Models for Singapore’s Jurong Innovation District