Luminar Drives Expansion Into Automotive Market With Over $250 Million Total Raised

PALO ALTO, Calif.–(BUSINESS WIRE)–Luminar announced today it is entering the consumer automotive and commercial trucking markets with a sensing and perception platform called Iris, now backed by new major institutional and strategic investors. After three years of stealth development, the company also revealed its perception software built on its LiDAR sensing platform. A recent addition… Continue reading Luminar Drives Expansion Into Automotive Market With Over $250 Million Total Raised

Musk now most tenured CEO in global auto industry

Under Musk, Tesla is breaking all records. The electric car-maker achieved a record production of 87,048 vehicles and record deliveries of approximately 95,200 vehicles in the second quarter of 2019. San Francisco: For many of us, Tesla is a new entrant in the global auto industry but Elon Musk has actually become the longest serving… Continue reading Musk now most tenured CEO in global auto industry

Toyota to build new SUV, rather than car at Alabama plant

FILE PHOTO: A Toyota logo is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019. REUTERS/Denis Balibouse/File Photo WASHINGTON (Reuters) – Toyota Motor Corp (7203.T) said Wednesday it will build a new sport utility vehicle at a $1.6 billion joint venture assembly plant in Alabama rather than produce Corolla cars.… Continue reading Toyota to build new SUV, rather than car at Alabama plant

City of Newcastle to trial its first driverless shuttle bus

City Council Lord Mayor Nuatali Nelmes standing inside the new shuttle bus. (Image: City of Newcastle) The City of Newcastle has unveiled its first driverless shuttle bus which will undergo a trial along a circuit around Newcastle. The trial will last for 12 months and be conducted by the City of Newcastle, Transport for NSW,… Continue reading City of Newcastle to trial its first driverless shuttle bus

Powerhive Closes US$9.3M Series B Funding

Powerhive, a Berkeley, CA-based energy solutions and technology provider for emerging markets, closed an US$9.3m Series B round of funding. Backers included Toyota Tsusho Corporation (Toyota Tsusho), a general trading company and a member of Toyota Group, Kouros, To:org, as well as existing investors Tao Capital, James Sandler, Prelude Ventures, Caterpillar Ventures, and Total Energy… Continue reading Powerhive Closes US$9.3M Series B Funding