FM Capital steps up automotive investments with new $150M fund

First Move Capital, the Boulder-based venture firm that has invested in used car marketplaces Frontier Auto Group and Vroom as well as mobility-as-a-service startup Via, has closed a new $150 million fund that will focus on the automotive and transportation sectors. Existing strategic investors such as OEMs, dealers, distributors, fleet management, remarketing, insurance and software… Continue reading FM Capital steps up automotive investments with new $150M fund

See what’s new from Wejo, CMC, iMerit, Plus, oVice & Michigan at TechCrunch’s mobility event

We’re in the final run-up to TC Sessions: Mobility 2021 on June 9, and the great stuff just keeps on coming. We’ve stacked the one-day agenda with plenty of programming to keep you engaged, informed and on track to build a stronger business. You’ll always find amazing speakers — some of the most innovative minds… Continue reading See what’s new from Wejo, CMC, iMerit, Plus, oVice & Michigan at TechCrunch’s mobility event

GM announces its next electric vehicle: a new Moon rover

General Motors (GM) continues to expand its electric vehicle fleet and has decided Earth simply isn’t enough. Together with Lockheed Martin, GM plans to develop an electric lunar rover for NASA to be operated by Artemis astronauts to explore our Moon. GM is no stranger to developing vehicle technologies for the Moon. The automaker previously… Continue reading GM announces its next electric vehicle: a new Moon rover

Airspace Link Completes a $10 Million Series A Round Led by Altos Ventures

DETROIT, May 27, 2021 /PRNewswire/ — Airspace Link, Inc., the leading North American provider of solutions designed to help the FAA, state and local government agencies better plan for and manage the safe integration of drones into their communities, today announced it completed a $10 million series A capital raise with Altos Ventures. Founded in 1996,… Continue reading Airspace Link Completes a $10 Million Series A Round Led by Altos Ventures

Exclusive: As China plans new rules, global automakers move to store car data locally

By Yilei Sun, Tony Munroe 4 Min Read BEIJING (Reuters) – BMW, Daimler and Ford have set up facilities in China to store data generated by their cars locally, they told Reuters, as automakers come under growing pressure in the world’s biggest car market over how they handle information from vehicles. FILE PHOTO: Cars drive… Continue reading Exclusive: As China plans new rules, global automakers move to store car data locally

EXCLUSIVE-As China plans new rules, global automakers move to store car data locally

By Yilei Sun, Tony Munroe 4 Min Read BEIJING (Reuters) – BMW, Daimler and Ford have set up facilities in China to store data generated by their cars locally, they told Reuters, as automakers come under growing pressure in the world’s biggest car market over how they handle information from vehicles. FILE PHOTO: Cars drive… Continue reading EXCLUSIVE-As China plans new rules, global automakers move to store car data locally

BootstrapsLabs Coffee Break Series – May 26, 2021

AEye is the premier provider of high-performance, AI-driven LiDAR systems for vehicle autonomy, advanced driver-assistance systems (ADAS), and robotic vision applications. AEye’s smart, software-configurable iDAR™ (Intelligent Detection and Ranging) platform combines solid-state, active LiDAR, an optionally fused low-light HD camera, and integrated deterministic artificial intelligence to capture more intelligent information with less data, enabling faster,… Continue reading BootstrapsLabs Coffee Break Series – May 26, 2021

PAVE Virtual Panel – May 26, 2021

AEye is the premier provider of high-performance, AI-driven LiDAR systems for vehicle autonomy, advanced driver-assistance systems (ADAS), and robotic vision applications. AEye’s smart, software-configurable iDAR™ (Intelligent Detection and Ranging) platform combines solid-state, active LiDAR, an optionally fused low-light HD camera, and integrated deterministic artificial intelligence to capture more intelligent information with less data, enabling faster,… Continue reading PAVE Virtual Panel – May 26, 2021

Watch Elon Musk’s Boring Company test its Tesla tunnel system in Las Vegas with members of the public

The Boring Company offered rides through its Las Vegas Convention Center Loop this week. The rides were designed to test the capacity of the tunnels. Videos of the event represent the first real peek into Elon Musk’s futuristic transportation plans. See more stories on Insider’s business page. The Boring Company began offering rides in Teslas… Continue reading Watch Elon Musk’s Boring Company test its Tesla tunnel system in Las Vegas with members of the public

XAG Sets Out Roadmap in Ukraine to Create Autonomous Farms with Drones

Since hitting the Ukraine market at the end of 2020, XAG Agricultural Drones have been rapidly scaling up to help Ukrainian farmers reap better harvest and reduce chemical usage. Ukraine holds soft regulation over spray drones flying over the fields, which makes it one of the favourable markets in Europe to embrace large-scale agricultural drone use.… Continue reading XAG Sets Out Roadmap in Ukraine to Create Autonomous Farms with Drones