Vietnam-based VinaCapital Ventures has invested in An Vui, a transportation management system startup, according to an announcement. Founded in 2015, the startup aims to tackle the pain points in road transport in areas such as intercity bus and limousine services, which account for more than three-quarters of Vietnam’s passenger transport methods. Businesses operating in this… Continue reading VinaCapital Ventures invests in Vietnamese logistics startup An Vui
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Magna Celebrates Opening of New Electronics Facility
State-of-the-art manufacturing facility in Grand Blanc Township, MichiganSolidifies leadership in vision-based driver assistance systemsDivision has made more than 46 million ADAS components since 2005TROY, Mich., Aug. 14, 2019 (GLOBE NEWSWIRE) — Magna celebrated the opening of a new electronics manufacturing facility today in Grand Blanc Township, Michigan. The facility consolidates three nearby locations into a… Continue reading Magna Celebrates Opening of New Electronics Facility
Rivian might build upcoming Ford electric SUV
Rivian could be entrusted to build an upcoming Ford electric SUV—due within the next few years—at the startup’s former Mitsubishi assembly plant in Normal, Illinois.
“It would be counterproductive for us to try and make what they have capacity to do in the beginning here, because they've got a factory in Illinois that meets a lot of our criteria,” Ford CEO Jim Hackett told MotorTrend, in a story published Tuesday.
That's a departure from what was announced in April, with the formation of a strategic partnership between the two companies. At that time, Ford said that it will build an all-new battery electric vehicle using Rivian’s flexible skateboard platform, and that the companies would develop this next-generation vehicle together.
Rivian R1T, R1S chassis
The Ford truck project, which is now sounding more like an electric SUV than an electric pickup, will leave much to Rivian. It's due to share all of Rivian’s core components, such as its battery pack, power electronics, electric motors, and electronic architecture, but Ford will develop what sometimes in industry terms is called a top hat—a different or fully differentiated body that fits onto the skateboard, with all the key technical components shared.
Ford may have a little more influence in Rivian’s platform as it moves toward production, however—and potentially, many more models. The partnership was spearheaded by a $500 million minority investment from Ford, and under that, Ford President of Global Operations Joe Hinrichs was given a seat on the Rivian board.
Ford emphasized that the deal doesn’t affect its existing $11 billion investment toward electric and electrified vehicles, including the upcoming Mustang-inspired electric crossover, which is due to arrive next year, or work on a fully electric version of the Ford F-150 pickup.
The Rivian R1T pickup is due to arrive in late 2020, with the R1S SUV to follow in 2021—and the Ford product after that.
Lyft Relaunches Wheels for All Grants: Now with 40 cities and up to $500,000 in free or discounted rides
Lyft is committed to supporting nonprofit organizations doing incredible work around the nation to make our communities stronger, healthier, and more equitable. That’s why we’re expanding Lyft’s Wheels for All Grants program (formerly known as Lyft Community Grants) to 40 cities, including Detroit, Honolulu, Philadelphia and Phoenix. And we’re committing $500,000 per year to grassroots… Continue reading Lyft Relaunches Wheels for All Grants: Now with 40 cities and up to $500,000 in free or discounted rides
Self-driving truck startup Starsky launches Hutch, its API and nerve center
Starsky Robotics has been building its self-driving — and human-driven — truck business for three years now. And it’s finally ready to show off its first product. It’s not, as one might presume, a self-driving truck. This product, called Hutch, offers what in Starsky’s view is far more valuable: automatic access to its trucking capacity,… Continue reading Self-driving truck startup Starsky launches Hutch, its API and nerve center
Peer-to-peer boat rental marketplace Boatsetter raises $10M as it looks to grow globally
Obviously, not everyone owns their boat, and boat ownership is far more unique than car ownership – which makes it maybe an ideal category for peer-to-peer marketplace rentals. P2P boat rental startup Boatsetter recognized this opportunity, and is now announcing a $10 million Series A “extension” funding round to help it grow its business, with… Continue reading Peer-to-peer boat rental marketplace Boatsetter raises $10M as it looks to grow globally
Berlin-based RV-sharing platform PaulCamper raises €7 million for further expansion
Fancy camping across Europe this summer holiday? Berlin-based PaulCamper is a sharing platform for renting and lending RVs that allows you to do just that.
RVs offer an unprecedented level of freedom for adventurous travellers, who can go where they please – whether it be a city, the beach, or little-known getaways in the countryside.
Founded in 2013, PaulCamper today has a fleet of more than 5,500 RVs in Germany, Austria, and the Netherlands. The renters come from all over the world, and over 500k rental nights are already arranged via the platform.
PaulCamper now has closed a Series A financing round of €7 million. The new capital comes from a syndicate of international marketplace investors, led by Adevinta with participation from FJ Labs and All Iron Ventures as well as existing investors Russmedia International and Mairdumont Ventures.
“PaulCamper operates in a very exciting and fast-growing market: the outdoor travel market. The team and vision of PaulCamper convinced us and ..
Ford to Reveal Exciting Esports News at Gamescom, Company to Step Up Its Involvement in Gaming
About Ford Motor Company Ford Motor Company is a global company based in Dearborn, Michigan. The company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles, provides financial services through Ford Motor Credit Company and is pursuing leadership positions in electrification, autonomous vehicles and mobility… Continue reading Ford to Reveal Exciting Esports News at Gamescom, Company to Step Up Its Involvement in Gaming
Daniel Weissland to lead Audi of America as President
Audi is pleased to announce Daniel Weissland has been appointed as President of Audi of America effective Sept. 1, 2019. Weissland, 46, current President and Chief Executive Officer, Volkswagen Group Canada, succeeds interim President and Chief Operations Officer, Cian O’Brien. A German National, Weissland began his career with Audi in 1999. He spent more than… Continue reading Daniel Weissland to lead Audi of America as President
Nigerian logistics startup Kobo360 raises $30M backed by Goldman Sachs
Nigerian freight logistics startup Kobo360 has raised a $20 million Series A round led by Goldman Sachs and $10 million in working capital financing from Nigerian commercial banks. The company — with an Uber-like app that connects truckers and companies to delivery services — will use the funds to upgrade its platform and expand to… Continue reading Nigerian logistics startup Kobo360 raises $30M backed by Goldman Sachs