Tag: M and A

With Y Combinator’s seal of approval, MyPetrolPump raises $1.6 million for its car refueling business

Even before pitching onstage at Y Combinator, Indian car refueling startup MyPetrolPump has managed to snag $1.6 million in seed financing. The business, which is similar to startups in the U.S. like Filld, Yoshi and Booster Fuels, took 10 months to design and receive approval for its proprietary refueling trucks that can withstand the unique… Continue reading With Y Combinator’s seal of approval, MyPetrolPump raises $1.6 million for its car refueling business

News Coverage: Velodyne Adds Mapper’s Software to Advance Lidar-Centric ADAS

News Coverage: Velodyne Adds Mapper’s Software to Advance Lidar-Centric ADASJuly 29, 2019|In Media Coverage|By Albie Jarvis

Lidar can enhance advanced
driver-assistance systems (ADAS) by delivering perception data that provides
real-time free space detection in all light conditions.

Velarray™
is the first solid-state Velodyne lidar sensor that is embeddable and fits
behind a windshield, as an integral component for superior, more effective
ADAS.

Eric Walz wrote
an article in FutureCar about the news that Velodyne Lidar acquired
high-definition mapping and localization software, as well as intellectual
property assets from Mapper.ai. Mapper technology will enable Velodyne to
accelerate development of Vella™,
a groundbreaking advanced driver assistance solution that builds upon the
directional view Velarray sensor.

In discussing Velodyne technology in the FutureCar story, Dr.
Nikhil Naikal, founder and CEO of Mapper, said:

“Velodyne has both created the market for high-fidelity
automotive lidar and established itself as the leader. We have been Velodyne
customers for years and have already integrated their lidar sensors into easily
deployable solutions for scalable high-definition mapping.”

In a story
on the Mapper news, Gilbert Shar of Auto Connected Car News, quoted
Velodyne CTO Anand Gopalan saying:

“The goal in the automotive market is to make transportation
safer. By adding Vella software to our broad portfolio of lidar technology,
Velodyne is poised to revolutionize ADAS performance and safety.”

Mapper’s entire leadership and engineering teams will join
Velodyne, bolstering the company’s large and growing software development
group. An
Automotive World story, quoted Gopalan discussing this move:

“Expanding our team to develop Vella is a giant step towards
achieving our goal of mass producing an ADAS solution that dramatically
improves roadway safety. Mapper technology gives us access to some key
algorithmic elements and accelerates our development timeline. Together, our
sensors and software will allow powerful lidar-based safety solutions to be
available on every vehicle.”

Other media outlets that wrote about the Mapper news include
Autonomous
Vehicle International, Autonomous
Vehicle Technology, Green Car
Congress, LED
Inside and The
Robot Report.

To read the complete FutureCar article, please go to: Velodyne
Acquires HD Mapping Startup Mapper.ai to Advance its Lidar-based Driver Assist
Software.

To review the Auto Connected Car News story, please see: Velodyne
Buys Mapper.ai.

The Automotive World story can be found here: Velodyne Lidar acquires Mapper.ai for ADAS launch

For Velodyne Lidar products click HERE.

Sumitomo Rubber Wants To Develop Electricity-Generating Tires

An Energy Harvester will seize static energy to feed some car systems. Electric cars are all about energy efficiency. So it is more than natural that they have energy regeneration and try to have alternative and renewable other sources of juice. So much so that we now have solar electric vehicles – such as the Lightyear… Continue reading Sumitomo Rubber Wants To Develop Electricity-Generating Tires

SoftBank pumps $2B into Indonesia through Grab investment, putting it head to head with Gojek

Grab — the on-demand transportation app worth $14 billion that is the Uber of Southeast Asia — today announced how it would be using some of the $7 billion or so that it has raised to date: $2 billion provided by SoftBank is being earmarked Grab’s operations in Indonesia — the biggest economy in Southeast… Continue reading SoftBank pumps $2B into Indonesia through Grab investment, putting it head to head with Gojek

BAIC becomes Daimler’s third-largest stakeholder

BAIC Group has acquired a 5 percent stake in Daimler AG, a reassuring move for the State-owned carmaker concerned about profitability in a sluggish market, and with the German automotive giant under the helm of a new head seeking further success in China.In the same period, China’s passenger car market fell 14 percent year-on-year.It runs a joint venture with BYD, another new energy vehicle giant in China, to develop and produce Denza-branded electric vehicles.

BAIC Selects Magna For Complete Electric Vehicle Manufacturing

Magna to produce up to 180,000 electric vehicles per year in China for BAIC, starting in late 2020 The partnership between BAIC Group and Magna in China deepens as the two – with a blessing from the Zhenjiang government – agreed on a complete vehicle manufacturing joint venture. According to a framework agreement, Magna for… Continue reading BAIC Selects Magna For Complete Electric Vehicle Manufacturing

Gatik’s self-driving vans have started shuttling groceries for Walmart

Gatik AI, the autonomous vehicle startup that’s aiming for the sweet middle spot in the world of logistics, is officially on the road through a partnership with Walmart. The company received approval from the Arkansas Highway Commissioner’s office to launch a commercial service with Walmart. Gatik’s autonomous vehicles (with a human safety driver behind the… Continue reading Gatik’s self-driving vans have started shuttling groceries for Walmart