No that’s not a typo. Yes, that is larger than the median IPO fundraise last year. But few problems are as daunting as trying to build a fully autonomous car, particularly without the large resources of technology giants like Google, Uber, or Baidu behind you. So for Pony.ai, which was founded a little more than… Continue reading One year old Pony.ai raises $112 million Series A to build autonomous car future
Tag: M and A
NIO Launches ES8 SUV with New User Experience
NIO officially launches the ES8 in China with a base price of RMB 448,000, and unveils a battery rental plan. NIO Pilot is the first advanced driver-assistance system (ADAS) equipped with the Mobileye EyeQ4 system, featuring Highway Pilot, Traffic Jam Pilot, and automatic emergency braking NIO unveils NOMI, the world’s first in-car AI system ES8… Continue reading NIO Launches ES8 SUV with New User Experience
HELLA presents autonomous driving solutions for enhanced connectivity, efficiency and individualization at NAIAS
PLYMOUTH, Mich., Jan. 15, 2018 /PRNewswire/ — At the 2018 North American International Auto Show (NAIAS), the lighting and electronics expert HELLA will display its latest technologies that not only enable higher levels of autonomous driving, but also allow OEMs and drivers the freedom to create more customized vehicles. The company will showcase its multifunctional SHAKE… Continue reading HELLA presents autonomous driving solutions for enhanced connectivity, efficiency and individualization at NAIAS
HELLA showcases emerging mobility solutions at AutoMobili-D
PLYMOUTH, Mich., Jan. 15, 2018 /PRNewswire/ — Lighting and electronics expert HELLA will give attendees at the 2018 North American International Auto Show (NAIAS) the opportunity to personally experience its innovative solutions shaping the future of mobility. For the first year, the company will have a demo vehicle at AutoMobili-D equipped with many of its… Continue reading HELLA showcases emerging mobility solutions at AutoMobili-D
Two strategic acquisitions in the hydrogen field
Plastic Omnium renforce son positionnement comme acteur de la propulsion électrique avec l’acquisition des entreprises Swiss Hydrogen et Optimum CPV. Après la création de la société israélienne Ξ PO-CellTech en 2016 dans le domaine des piles à combustible et l’entrée du Groupe au comité de pilotage de l’ « Hydrogen Council », deux acquisitions viennent… Continue reading Two strategic acquisitions in the hydrogen field
Plastic Omnium, a growth and innovation strategy – SHAPE THE FUTURE NOW –
A l’occasion de son « Investor Day », le Groupe présente sa stratégie de croissance et d’innovation pour répondre aux nouveaux enjeux de la voiture connectée, autonome et décarbonnée. Un positionnement premium permettant de répondre aux enjeux de la voiture de demain S’appuyant sur cette dynamique d’amélioration continue de sa performance industrielle et financière, Plastic… Continue reading Plastic Omnium, a growth and innovation strategy – SHAPE THE FUTURE NOW –
DENSO, Toshiba Digital Solutions, and Toshiba Information Systems Conclude a Capital Alliance Agreement to Enhance Development of Embedded Software for In-vehicle Products
DENSO Corporation, Toshiba Digital Solutions Corporation, and Toshiba Information Systems (Japan) Corporation have concluded a capital alliance agreement in which DENSO acquires 20% of the total number of shares issued by Toshiba Information Systems. The auto industry is changing in a way that requires ever-more complicated and advanced technologies, such as connectivity, autonomous driving, shared… Continue reading DENSO, Toshiba Digital Solutions, and Toshiba Information Systems Conclude a Capital Alliance Agreement to Enhance Development of Embedded Software for In-vehicle Products
Auto1 says no need for IPO after Softbank invests
By Nadine Schimroszik BERLIN, – German used-car dealing platform Auto1 said a 460 million euro ($561 million) financial infusion from Japan’s Softbank meant it was under no pressure to launch an initial public offering to fund its pan-European growth plans. Softbank, through its Vision Fund, will make around half of its investment via new shares,… Continue reading Auto1 says no need for IPO after Softbank invests
Snows Group buys Portfield in Chichester
Snows Group has hit the acquisition trail buying Portfield in Chichester,which represents Citroën, Mazda and Peugeot (pictured) brands in the city. A Toyota franchise dealership is also being developed for the site. The deal also includes Portfield Part Exchange Centre Bognor Regis, which will become Snows’10th specialist used car outlet under the banner Too Good… Continue reading Snows Group buys Portfield in Chichester
UPDATE 1-Auto1 says no need for IPO after Softbank invests
BERLIN (Reuters) – German used-car dealing platform Auto1 said a 460 million euro ($561 million) financial infusion from Japan’s Softbank meant it was under no pressure to launch an initial public offering to fund its pan-European growth plans. Softbank, through its Vision Fund, will make around half of its investment via new shares, valuing Auto1… Continue reading UPDATE 1-Auto1 says no need for IPO after Softbank invests