Shared micromobility operator Veo has raised $16 million in new funding as the company ramps up its expansion plans in the United States. The Series A funding round, which follows permit awards in Santa Monica, San Diego and New York, will be used to expand Veo’s fleet and focus on developing city and community partnerships.… Continue reading Micromobility operator Veo raises $16M to fund U.S. expansion
Category: Automotive
Volkswagen’s new business strategy puts software and autonomous driving front and center
Volkswagen will ramp up its software, mobility as a service and battery tech to stay competitive in the coming decades, as it and other automakers prepare for the largest transition in personal mobility since the invention of the car. Laying out the company strategy Tuesday, Chief Executive Officer Herbert Diess emphasized a top-to-bottom transformation in… Continue reading Volkswagen’s new business strategy puts software and autonomous driving front and center
Elon Musk sparred with a lawyer in court on Monday, calling him a ‘bad human’ who asked ‘tricky and deceptive’ questions
Elon Musk called a lawyer a “bad human” in court on Monday. Musk was defending Tesla’s 2016 acquisition of SolarCity in court. Musk told the lawyer, representing Tesla shareholders, that his questions were “tricky and deceptive.” See more stories on Insider’s business page. Elon Musk sparred with a lawyer representing Tesla shareholders in court on… Continue reading Elon Musk sparred with a lawyer in court on Monday, calling him a ‘bad human’ who asked ‘tricky and deceptive’ questions
Elon Musk blames Tesla Energy’s troubles on the Model 3 and the pandemic
Elon Musk appeared in court Monday to defend Tesla’s 2016 acquisition of SolarCity. Musk said Tesla’s solar energy division underperformed because it had focused on Model 3 production. After the Model 3 went to market, Musk said the solar division ran up against the pandemic. See more stories on Insider’s business page. Elon Musk has… Continue reading Elon Musk blames Tesla Energy’s troubles on the Model 3 and the pandemic
ALYI EV Pilot Forges Ahead Generating Multifaceted Results Expected To Set ALYI Apart From Competitors
DALLAS, July 13, 2021 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) management today reported that even early progress with its recently initiated Electric Motorcycle pilot program in Kenya is generating results expected to set ALYI’s EV business apart from the competition. “While we are excited about our electric motorcycle design program and the progress to… Continue reading ALYI EV Pilot Forges Ahead Generating Multifaceted Results Expected To Set ALYI Apart From Competitors
Hyzon Motors delivers first hydrogen-powered vehicle to support multinational dairy company’s operations, transition fleet to zero-emissions
The 55-ton vehicle supplied by Hyzon, a HyMax 450 Puller built on a Class-8 DAF truck chassis, is expected to have up to 520 kilometer range with motor power up to 550 kilowatt capacity. Transport Groep Noord plans to operate the truck on specific routes in the North of the Netherlands, where the first hydrogen-powered milk… Continue reading Hyzon Motors delivers first hydrogen-powered vehicle to support multinational dairy company’s operations, transition fleet to zero-emissions
Quanergy Selected by PARIFEX as Exclusive Supplier of Long-Range 3D LiDAR for Highway Speed Detection and Enforcement
SUNNYVALE, Calif. & PARIS–(BUSINESS WIRE)– #IIoT–Quanergy Systems, Inc., a leading provider of OPA-based solid state LiDAR sensors and smart 3D solutions for automotive and IoT, today announced that it has expanded its exclusive agreement with PARIFEX, a leading solution provider in project management for speed enforcement and smart cities, to deploy Quanergy’s M-Series 3D-LiDAR sensors… Continue reading Quanergy Selected by PARIFEX as Exclusive Supplier of Long-Range 3D LiDAR for Highway Speed Detection and Enforcement
Cummins Begins Testing of Hydrogen Fueled Internal Combustion Engine
COLUMBUS, Ind.–(BUSINESS WIRE)–Cummins Inc. (NYSE: CMI) has taken another step forward in advancing zero carbon technology as the company began testing a hydrogen-fueled internal combustion engine. The proof-of-concept test is building on Cummins’ existing technology leadership in gaseous-fuel applications and powertrain leadership to create new power solutions that help customers meet the energy and environmental… Continue reading Cummins Begins Testing of Hydrogen Fueled Internal Combustion Engine
Electrify America Announces its “Boost Plan” to More than Double its Current EV Charging Network by End of 2025
RESTON, Va., July 13, 2021 /PRNewswire/ — Electrify America today announced its “Boost Plan” to more than double its current electric vehicle (EV) charging infrastructure in the United States and Canada, with plans to have more than 1,800 fast charging stations and 10,000 individual chargers installed by the end of 2025. The expansion will increase the… Continue reading Electrify America Announces its “Boost Plan” to More than Double its Current EV Charging Network by End of 2025
Altia’s Production-Proven Technology Drives the Cutting-Edge Cockpit of Cadillac LYRIQ
COLORADO SPRINGS, Colo., July 13, 2021 /PRNewswire/ — The upcoming Cadillac LYRIQ1, the carmaker’s first all-electric SUV, will feature cockpit display graphics driven by Altia human-machine interface (HMI) development solutions. The battery-powered crossover’s curved 33-inch diagonal advanced LED display will serve as the instrument cluster, infotainment system and control for lighting. The immense display is capable… Continue reading Altia’s Production-Proven Technology Drives the Cutting-Edge Cockpit of Cadillac LYRIQ