Waabi, a Toronto, Canada-based company advancing generative AI for the physical world, raised $200m (USD) in Series B funding. The round was led by Uber and Khosla Ventures with participation from strategic investors NVIDIA, Volvo Group Venture Capital, Porsche Automobil Holding SE, Scania Invest and Ingka Investments, and additional financial investors HarbourVest Partners, G2 Venture… Continue reading Waabi Raises $200M USD in Series B Funding
Tag: Volvo
Volvo V60 and V90 return to UK in shock estate comeback
Volvo is bringing its estate cars back to the UK, having taken them off sale last year to focus on SUVs. Autocar has found details of new UK-bound variants of the Volvo V60 and Volvo V90, which are due back on sale imminently, due to a resurgence in demand for estate cars. Their saloon equivalents,… Continue reading Volvo V60 and V90 return to UK in shock estate comeback
Waabi’s genAI promises to do so much more than power self-driving trucks
For the last two decades, Raquel Urtasun, founder and CEO of autonomous trucking startup Waabi, has been developing AI systems that can reason as a human would. The AI pioneer had previously served as the chief scientist at Uber ATG before launching Waabi in 2021. Waabi launched with an “AI-first approach” to speed up the… Continue reading Waabi’s genAI promises to do so much more than power self-driving trucks
Volvo CE India to double market share in 20-tonne excavator segment
Volvo Construction Equipment (Volvo CE) India aims to more than double its market share in the 20-tonne excavator segment. The company, which currently has a 4% share, is betting big in this segment, given its size. Excavators represent the second-largest product category in India’s construction equipment sector, accounting for roughly 30,000-35,000 units annually out of… Continue reading Volvo CE India to double market share in 20-tonne excavator segment
Europa Wire: Mutares Expands SFC Group with CIKAUTXO China Acquisition, Boosting Automotive Sector Presence001085
Mutares Expands SFC Group with CIKAUTXO China Acquisition, Boosting Automotive Sector Presence (IN BRIEF) Mutares SE & Co. KGaA has completed the acquisition of CIKAUTXO Rubber & Plastic Components (Kunshan) Co., Ltd. (“Cikautxo China”) from CIKAUTXO S.COOP. This acquisition strengthens Mutares’ SFC Group under Amaneos, enhancing its global presence in plastic-based systems for the automotive… Continue reading Europa Wire: Mutares Expands SFC Group with CIKAUTXO China Acquisition, Boosting Automotive Sector Presence001085
Clean Technica: 47% of New Cars Sold in Netherlands in 2024 Have a Plug!003468
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! In a negative month in the overall market (down 14% to 28,361 units), May saw plugin registrations also drop by 13% YoY, to 13,174 units. As a result, the Dutch plugin vehicle (PEV) market reached 47% last month, in… Continue reading Clean Technica: 47% of New Cars Sold in Netherlands in 2024 Have a Plug!003468
VREMT is Showcasing Energy Storage and Charging Portfolios at The smarter E Europe, Laying the Groundwork for Globalization
NINGBO, China, June 17, 2024 /PRNewswire/ — On June 19-21, The smarter E Europe 2024 will take place at the ICM, Munich, Germany. On the occasion, VREMT, themed around “EXTREME SAFETY, EXTREME HAPPINESS”, will distinguish itself with a lineup of storage and charging portfolios, including residential energy storage products, charging products, and scenario-based integrated energy solutions,… Continue reading VREMT is Showcasing Energy Storage and Charging Portfolios at The smarter E Europe, Laying the Groundwork for Globalization
Cleantechnica: Electric Cars Reach 20% Penetration in the Australian Capital Territory 003466
Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News! The Australian Capital Territory (ACT), home of Canberra, the nation’s capital, has the highest rate of EV ownership per capita in the country. It is similar to that of California in the USA. At the end of 2023, over… Continue reading Cleantechnica: Electric Cars Reach 20% Penetration in the Australian Capital Territory 003466
Why tariffs on Chinese EVs may not work
The Chinese auto sector is increasingly making global automakers and politicians hot under the collar. In the early 1980s, the Chinese auto industry barely existed. Today the country has the capacity to make about 40 million vehicles annually — enough to supply half the world. Only about 25 million cars sold in the country in… Continue reading Why tariffs on Chinese EVs may not work
Volvo’s Battery Passport Traces the Supply Chain
EV batteries remain mysterious or even suspect for many consumers, including people leery of buying used EVs due to battery-life concerns. Regulators also need to know what’s inside cells: The Inflation Reduction Act requires automakers to source a growing percentage of batteries and even minerals from North America to be eligible for up to $7,500… Continue reading Volvo’s Battery Passport Traces the Supply Chain