Startup lending platform Funds has raised almost $27 million from a consortium of Japanese VC firms in a Series D funding round, while warehouse robotics startup LexxPluss has bagged nearly $11 million in a Series A round. Japanese VCs lead Funds’ Series D round Startup lending platform Funds has raised 3.6 billion yen ($26.7 million)… Continue reading Japan Digest: Funds raises nearly $27m; LexxPluss secures $11m
Tag: Autonomous
German Manager Magazin: Argo AI: The comeback of Bryan Salesky and Peter Rander after their disaster with Volkswagen002370
His startup, Argo AI, was one of the most promising companies trying its hand at robocar technology. Software genius Bryan Salesky (43) was supposed to develop the technology for autonomous driving for two car companies, Volkswagen and ford each took a 40 percent stake in Argo AI. But the car manufacturers lost the billion-euro bet… Continue reading German Manager Magazin: Argo AI: The comeback of Bryan Salesky and Peter Rander after their disaster with Volkswagen002370
TuSimple co-founder blames exit on CEO pay and autonomy downgrade
TuSimple co-founder Xiaodi Hou has refuted allegations from senior leadership that he was trying to poach staff for his new company. In a LinkedIn post, Hou said that he resigned from TuSimple’s board last week due to disagreements about CEO Cheng Lu’s compensation package, as well as the company’s shift from Level 4 autonomy to… Continue reading TuSimple co-founder blames exit on CEO pay and autonomy downgrade
Volkswagen vows to invest $193 billion in electrification
The automaker aims to establish a bigger presence in North America and China. Volkswagen pinned its future on electric vehicles and announced its plans to put 30 new EVs on the road shortly after its $18.2 billion emissions scandal. Now, the automaker has revealed that it plans to spend $193 billion on different areas of… Continue reading Volkswagen vows to invest $193 billion in electrification
DADA Now’s Automobile Delivery Service Fulfills 3.3 million orders in 60 cities Across China
SHANGHAI, March 15, 2023 /PRNewswire/ — The on-demand delivery service platform from Dada Group (Nasdaq: DADA) (“Dada”), Dada Now, has recently launched an automobile delivery service, to better support small and medium enterprises (SMEs). To date, the automobile delivery service has been launched in more than 60 cities nationwide, including Beijing, Harbin, Fuzhou, Changsha, Hefei and… Continue reading DADA Now’s Automobile Delivery Service Fulfills 3.3 million orders in 60 cities Across China
@VW Group: Porsche AG annual press conference in online stream006823
Group sales revenue in 2022 amounted to 37.6 billion euros, corresponding to growth of 13.6 per cent (2021: 33.1 billion euros). The Group operating profit was 6.8 billion euros, exceeding the previous year’s figure by 1.5 billion euros (an increase of 27.4 per cent). Group Deliveries and automotive net cash flow also reached new all-time… Continue reading @VW Group: Porsche AG annual press conference in online stream006823
ZF displays brake-by-wire solution for off-highway vehicles at CONEXPO 2023
ZF’s Industrial Division has introduced its new brake-by-wire solutions at CONEXPO/CONAGG 2023 which is being held in Las Vegas from March 14-18. The ZF display is at South Hall 4, Booth #584214 A global leader in hydraulic and electrohydraulic braking systems, ZF caters to the heavy duty, off-highway, construction, mining, and agriculture sectors with safe… Continue reading ZF displays brake-by-wire solution for off-highway vehicles at CONEXPO 2023
ZF displays brake-by-wire solution for off-highway vehicles at CONEXPO 2023
ZF’s Industrial Division has introduced its new brake-by-wire solutions at CONEXPO/CONAGG 2023 which is being held in Las Vegas from March 14-18. The ZF display is at South Hall 4, Booth #584214 A global leader in hydraulic and electrohydraulic braking systems, ZF caters to the heavy duty, off-highway, construction, mining, and agriculture sectors with safe… Continue reading ZF displays brake-by-wire solution for off-highway vehicles at CONEXPO 2023
Automotive Human Machine Interface (HMI) Solutions Global Market Report 2023: Rise in Mobility Services & Subscription Based Connected Car Services Spurs the Importance of HMI
DUBLIN, March 14, 2023 /PRNewswire/ — The “Automotive Human Machine Interface (HMI) Solutions: Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering. Global Automotive Human Machine Interface (HMI) Solutions Market to Reach $93 Billion by 2030 In the changed post COVID-19 business landscape, the global market for Automotive Human Machine Interface (HMI) Solutions… Continue reading Automotive Human Machine Interface (HMI) Solutions Global Market Report 2023: Rise in Mobility Services & Subscription Based Connected Car Services Spurs the Importance of HMI
Volkswagen Will Invest $193 Billion in Electric Cars and Software
Volkswagen said on Tuesday that it would spend $193 billion on software, battery factories and other investments as it aimed to make every fifth vehicle it sold electric by 2025. The automaker, the world’s second biggest after Toyota, will also focus on expanding its presence in North America, where it has struggled for years, and… Continue reading Volkswagen Will Invest $193 Billion in Electric Cars and Software