Nuro has raised $600 million in a fundraising round led by new investor Tiger Global Management, capital that the autonomous delivery startup will use to ramp up commercial operations. The funding has pushed Nuro’s valuation to about $8.6 billion — or some 72% higher than a year ago — according to people familiar with the… Continue reading Autonomous delivery startup Nuro lands investment from Google, Tiger Global in new $600 million round
Category: Tech News
Category Added in a WPeMatico Campaign
Electric vehicle maker Rivian seeks to raise $8.4 billion in IPO
Electric vehicle startup Rivian hopes to raise up $8.4 billion in its initial public offering, according to a regulatory filing posted Monday. The company, which is backed by Amazon, said in the filing that it plans to offer 135 million shares at a price between $57 and $62. Underwriters also have an option to buy up… Continue reading Electric vehicle maker Rivian seeks to raise $8.4 billion in IPO
Apple is bringing car crash detection to the iPhone, says the Wall Street Journal
Apple is reportedly working on a new iPhone and Apple Watch feature that detects if you’re in a car crash and dials 911 automatically. The current plan is to roll out such a feature next year, according to The Wall Street Journal. Google’s Personal Safety app on Pixel phones already includes a feature to call… Continue reading Apple is bringing car crash detection to the iPhone, says the Wall Street Journal
Autobrains Raises $101M in Series C Funding
Autobrains Founder and CEO, Igal Raichelgauz. Autobrains (formerly known as Cartica AI), a Tel Aviv, Israel-based developer of self-learning artificial intelligence technology for assisted and autonomous driving, raised $101m in Series C financing. The round was led by Singaporean Temasek, with participation from new investors Knorr-Bremse AG and VinFast, as well as existing investor BMW and Continental AG.… Continue reading Autobrains Raises $101M in Series C Funding
The Station: Amazon reveals Rivian stake, the Tesla FSD saga continues and Aurora snaps up a CIG startup
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 spooktacular central hub for all past, present and future means of moving people and packages from Point A to Point B.… Continue reading The Station: Amazon reveals Rivian stake, the Tesla FSD saga continues and Aurora snaps up a CIG startup
Tesla launches new ‘financial leasing’ product to buy cars with 0% down payment
Tesla has launched a new financial product called “financial leasing” that enables customers to buy its cars with no down payment. It’s currently only available in China. Over the weekend, Tesla updated its online configurator in China to add a new financing option when buying a vehicle online. Along with cash or loan, Tesla is… Continue reading Tesla launches new ‘financial leasing’ product to buy cars with 0% down payment
Tesla recalls nearly 3,000 Model 3 and Model Y vehicles over separating suspensions
Tesla is recalling 2,791 Model 3 and Model Y vehicles over concerns that their front suspension lateral link fasteners may loosen, potentially shifting the wheel alignment and increasing the risk of a crash. The affected vehicles are 2019, 2020 and 2021 versions of the Model 3, and 2020 and 2021 editions of the Model Y.… Continue reading Tesla recalls nearly 3,000 Model 3 and Model Y vehicles over separating suspensions
Amazon reveals 20% stake in Rivian ahead of EV maker’s IPO
Amazon disclosed Friday that it owns a 20% stake in Rivian, the electric automaker that filed for an IPO earlier this month. As of September 30, the e-commerce giant held equity investments, including preferred stock of Rivian that represented about 20% ownership interest, according to the filing. That holding had a “carrying value” of $3.8… Continue reading Amazon reveals 20% stake in Rivian ahead of EV maker’s IPO
Toyota fixes Tesla’s ‘yoke’ steering wheel in its first electric SUV with steer-by-wire system
Toyota has unveiled a steering wheel similar to Tesla’s “yoke” steering wheel in its first electric SUV, but the automaker has introduced an important feature that fixes the main problem of the Tesla yoke. When Tesla unveiled the new Model S with the “yoke” butterfly steering wheel, it was controversial. Some were worried about the… Continue reading Toyota fixes Tesla’s ‘yoke’ steering wheel in its first electric SUV with steer-by-wire system
Toyota’s first battery EV has 280-mile range and a solar roof option
This past April, Toyota teased the bZ4X, the first of seven “Beyond Zero” fully electric vehicles the automaker said it would debut by 2025. Other than to reveal it was working with Subaru to develop the SUV and that it would include its upcoming e-TNGA powertrain, the company didn’t share many details about the bZ4X. On… Continue reading Toyota’s first battery EV has 280-mile range and a solar roof option