Moladin, an Indonesia-based marketplace for used cars and motorbikes, is finalising a $95 million Series B round from both new and existing investors, sources privy to the development told DealStreetAsia. While Russian billionaire Yuri Milner’s DST Global is understood to have come in as a new investor to lead the round, existing backers such as… Continue reading Indonesian used-cars marketplace Moladin raising $95m led by DST Global
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Musk says Tesla aspires to mass produce robotaxis by 2024
Tesla plans to bring a dedicated robotaxi with no steering wheel or pedals to market by 2024, CEO Elon Musk said Wednesday during Tesla’s first quarter 2022 earnings call. That’s just two years to develop, test, verify, produce at volume and commercially launch a robotaxi service that meets regulatory rules that vary from state to… Continue reading Musk says Tesla aspires to mass produce robotaxis by 2024
The BMW i7 EV Has a Fold-Down Movie Screen
BMW revived its sub-brand “i” division in 2011—long before most people had even heard of Tesla—to design and make plug-in electric vehicles. The launch cars were the still-in-production i3 and the i8 sports car. It was an expensive gamble, but even if BMW had not sold in excess of 240,000 units of these two cars… Continue reading The BMW i7 EV Has a Fold-Down Movie Screen
Air Company Secures $30M In Series A Funding
Air Company’s Co-founders Gregory Constantine (CEO) and Dr. Stafford Sheehan (CTO) Air Company, a NYC-based carbon technology company that creates carbon-negative alcohols and consumer products from CO2, raised $30M in Series A funding. The round was led by Carbon Direct Capital Management with participation from Toyota Ventures, JetBlue Technology Ventures, and Parley for the Oceans.… Continue reading Air Company Secures $30M In Series A Funding
BMW’s new electric 7 series luxury sedan will start at $120,295
BMW announced a new electric 7 series luxury sedan, the i7 xDrive60. The upcoming EV will have an estimated range of “up to 300 miles” and a starting price of $120,295. Interested car buyers can pre-order the i7 starting today and deliveries are expected to start later this year. Chock full of high-tech features, like… Continue reading BMW’s new electric 7 series luxury sedan will start at $120,295
Tesla has now more than 100,000 people in its Full Self-Driving Beta program – is an accelerated rate of improvement coming?
Tesla CEO Elon Musk revealed that the automaker has now more than 100,000 people in its Full Self-Driving (FSD) Beta program. Does it mean that we are going to start seeing an accelerated rate of improvement? FSD Beta has been a “two steps forward, one step back” type of program. Some updates brought significant noticeable… Continue reading Tesla has now more than 100,000 people in its Full Self-Driving Beta program – is an accelerated rate of improvement coming?
LG Magna ePowertrain breaks ground on new facility to build components for GM EVs
LG Magna ePowertrain, a recently launched joint venture between LG Electronics and Magna International, has broken ground on a new facility in Mexico, the JV’s first production footprint in North America. When completed, the 260,000-square-foot plant will produce a multitude of powertrain components to support electric vehicle production from General Motors (GM). LG Magna ePowertrain… Continue reading LG Magna ePowertrain breaks ground on new facility to build components for GM EVs
Chinese EV maker Iconiq to merge with Nasdaq-listed SPAC East Stone
Chinese electric vehicle manufacturer Iconiq Holding Limited (NWTN) has agreed to merge with Nasdaq-listed special purpose acquisition company (SPAC) East Stone Acquisition Corporation, valuing the combined company at $2.5 billion. In a statement, the two companies said the proposed merger has already been approved by both boards and will now be up for approval by… Continue reading Chinese EV maker Iconiq to merge with Nasdaq-listed SPAC East Stone
The Station: Jeep’s road to EVs, Musk’s great big distraction and a last call for mobility founders
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. I… Continue reading The Station: Jeep’s road to EVs, Musk’s great big distraction and a last call for mobility founders
Indian bike taxi startup Rapido raises $180m funding led by Swiggy …
Bengaluru-based bike taxi startup Rapido has raised $180 million in its Series D funding round led by food delivery giant Swiggy, per an announcement on Friday. The round also saw investment from two-wheeler maker TVS Motor Company, along with existing investors, Westbridge, Shell Ventures, and Nexus Ventures, the company said in a statement. The funds… Continue reading Indian bike taxi startup Rapido raises $180m funding led by Swiggy …