Category: Automotive

China’s smart electric vehicle player NIO Anhui raises $679m from investors

NY-listed Chinese leading smart electric vehicle company NIO Inc on Tuesday said that its fully-owned unit NIO (Anhui) Holding Co Ltd has received a cash injection of 4.8 billion yuan ($679 million) in line with an agreed payment schedule with strategic investors. In April this year, NIO had forged an agreement with a slew of… Continue reading China’s smart electric vehicle player NIO Anhui raises $679m from investors

Bridgestone, Microsoft partner to develop real-time tyre damage monitoring system

Bridgestone, one of the lading tyre and rubber manufacturer, is collaborating with American software major Microsoft to develop a world-first monitoring system for detecting tyre damage issues in real-time. The company says these issues are a serious matter and contributing to around 30 percent of all car accidents caused by technical failure. According to Bridgestone,… Continue reading Bridgestone, Microsoft partner to develop real-time tyre damage monitoring system

DigniFi Raises $14M in Series A Funding

DigniFi, a Seattle, WA-based financing platform for auto repairs and services, raised $14m in Series A funding. Backers included Austin-based BuildGroup, the permanent capital company started by Lanham Napier, formerly of RackSpace, and Exor Seeds, the venture arm of Exor N.V., the holding company of the Agnelli family (controlling shareholder of Fiat Chrysler, Ferrari, CNHI,… Continue reading DigniFi Raises $14M in Series A Funding

Skipr Raises €7M in Funding

Skipr, a Brussels, Belgium-based B2B Mobility as a Service startup, raised €7m in funding. The round was led by Belfius, with participation from existing investor Lab Box, the startup studio of D’Ieteren Auto, a key player in Belgian automobile distribution. The company intends to use the funds to continue scaling its business in Belgium and… Continue reading Skipr Raises €7M in Funding

@BMW: Interview with Oliver Zipse, Chairman of the Board of Management of BMW AG: “We will be taking sustainability to a whole new level”

Munich. When it comes to sustainability, major corporations have a key role to play. The BMW Group acknowledged this fact long ago and outperforms industry rivals by far in terms of CO2 emissions per vehicle produced. But as new powertrains such as e-drives gain momentum, the approach to sustainable vehicle production is changing. In an… Continue reading @BMW: Interview with Oliver Zipse, Chairman of the Board of Management of BMW AG: “We will be taking sustainability to a whole new level”

Otonomo Delivers to Greater Than, InsurTech Leader, Connected-Car Data

– Greater Than plans to leverage Otonomo’s privacy-compliant connected car data to deliver AI-based risk insights as a stand-alone offering to insurance providers HERZLIYA, Israel, June 30, 2020 /PRNewswire/ — Otonomo, a pioneering automotive data services platform provider, and Greater Than, the leading AI technology-based insurtech company, today announces its agreement. Otonomo plans to provide Greater… Continue reading Otonomo Delivers to Greater Than, InsurTech Leader, Connected-Car Data

Q&A: The Masterminds Behind Toyota’s Self-Driving Cars Say AI Still Has a Way to Go

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