January 3, 2019 Singapore-based automotive data analytics company Carmen Automotive has raised S$1 million ($730,000) in a pre-Series A funding round led by Silicon Solution Ventures (SSV). SEEDS Capital also participated in this round. According to an official statement, Carmen aims to raise its Series A round in the next 12 months on the back… Continue reading Carmen Automotive secures $730k in pre-Series A round led by Silicon Solution Ventures
Category: Automotive
India Digest: Sazerac ups JDPL stake; Sachin Bansal pays advance tax; Ola to raise funds
January 3, 2019 Sazerac has acquired an additional 20 per cent stake in Indian liquor maker John Distilleries Pvt Ltd (JDPL) from private equity firm Gaja Capital. In other developments, Sachin Bansal has paid advance tax on the gains incurred from the sale of his stake in Flipkart while cab-hailing firm Ola is in the process of… Continue reading India Digest: Sazerac ups JDPL stake; Sachin Bansal pays advance tax; Ola to raise funds
Laureti to showcase e-SUV with a 540km per charge capability
Laureti to showcase e-SUV with a 540km per charge capability
China’s CITIC announces restructuring of special steel business
January 3, 2019 Hong Kong-listed Chinese conglomerate CITIC Limited on Wednesday announced that it is restructuring its special steel business by consolidating the assets under the Shenzhen-listed entity Daye Special Steel. As part of the restructuring exercise, Daye Special Steel, in which CITIC indirectly owns a 58.13 per cent stake, has signed an agreement to… Continue reading China’s CITIC announces restructuring of special steel business
Ineos chooses Germany to develop Land Rover Defender successor – Financial Times
Ineos chooses Germany to develop Land Rover Defender successor Financial Times Jim Ratcliffe, the founder of Ineos and a prominent Brexit supporter, has selected German companies to develop his successor to the Land Rover Defender. Go to Source
INEOS Automotive gets serious with Defender replacement – AutoClassics
Projekt Grenadier is INEOS Automotive’s first project, inspired by CEO Jim Ratcliffe’s love for the Land Rover Defender. Lamenting the end of an automotive era upon the final Defender leaving Land Rover’s Solihull production line, Ratcliffe has promised to fill the 4×4 market gap with an all-new practical, uncompromising and hard-working off-roader to honour the… Continue reading INEOS Automotive gets serious with Defender replacement – AutoClassics
Nearly a Third of Norway’s 2018 New Car Sales Were Electric
Climbing Numbers Norway just hit a major milestone on its mission to stop selling gas-powered vehicles by 2025. Over the entire course of 2018, 31.2 percent of all the new cars sold in the country were entirely powered by electricity instead of fossil fuels, according to Reuters. That’s the highest percentage worldwide, with Iceland in… Continue reading Nearly a Third of Norway’s 2018 New Car Sales Were Electric
Over half of consumers will choose a chatbot over a human to save time
Despite reports that robots will soon take over our jobs and our lives, we love the simplicity that AI brings into our lives. According to a new report, consumers across generations crave human interaction when engaging with brands. They do not expect or want technology to replace real people, but trust humans to help solve… Continue reading Over half of consumers will choose a chatbot over a human to save time
AEye iDAR: Sensor Performance Validation Report (VSI Labs)
On November 8th, 2018, VSI Labs, one of the nation’s leading automated vehicle technology experts, oversaw the performance testing of AEye’s iDAR system with emphasis on applications for safety and autonomy. The three specifications tested were range, scan rate, and accuracy of color fusion.
In all three performance tests, it was determined that the tests carried out by AEye employees and witnessed by Sara Sargent, applications engineer for VSI Labs, were valid and that the objective was reached: 1) The sensor was able to detect a target at a distance of 1000 meters 2) The iDAR system recorded 3316 files in 30 secs., signifying a scan rate of 110.5 Hz and 3) The real-time color fusion accurately represented the colors of moving and/or stationary objects, as well as accurately represented whether an object was bright, dark, or neutral in color and the size of the object relative to other objects in the frame.
Based on its findings, VSI Labs determined that AEye’s iDAR system “can detect and potentially classify objects with enough precision, accuracy, and distance not possible with conventional LiDAR or camera sensors.”
Download the VSI Performance Report
AEye iDAR: Sensor Performance Validation Report (VSI Labs) — AEye’s iDAR Shatters Both Range and Scan Rate Performance Records for Automotive Grade LiDARThe Future of Autonomous Vehicles: Part I – Think Like a Robot, Perceive Like a HumanAEye Introduces Advanced Mobility Product for the Autonomous Vehicle MarketGartner Names AEye Cool Vendor in AI for Computer VisionAEye Announces the AE100 Robotic Perception System for Autonomous VehiclesAEye’s $40M Series B Includes Numerous Automotive Leaders Including Subaru, Hella, LG, and SKAEye Introduces Next Generation of Artificial Perception: New Dynamic Vixels™The Future of Autonomous Vehicles: Part II – Blind Technology without Compassion Is RuthlessBlair LaCorte Named President of AEyeAEye Granted Foundational Patents For Core Solid-State MEMs-Based Agile LiDAR And Embedded AI Technology
Tesla cuts U.S. prices on all vehicles, shares drop
(Reuters) – Tesla Inc (TSLA.O) on Wednesday cut U.S. prices for all its vehicles to offset lower green tax credits, and fell short on quarterly deliveries of its mass-market Model 3 sedan, sending shares of the electric vehicle maker down nearly 7 percent on worries of future profitability. Analysts questioned whether the $2,000 price cut… Continue reading Tesla cuts U.S. prices on all vehicles, shares drop