Porsche Volkswagen’s sports car subsidiary is unlikely to go public for the time being. (Photo: Reuters) Frankfurt / Main In the Volkswagen Group there is a dispute over a possible IPO of the sports car subsidiary Porsche. CEO Herbert Diess told the “Frankfurter Allgemeine Zeitung” (Saturday): “The topic of the Porsche IPO is currently not… Continue reading German Handelsblatt: Sports car subsidiary: VW CEO: Porsche IPO has “no high priority” 001750
Tag: Autonomous
Nuro Announces New Investors in Series C
Nuro, a Mountain View, Calif.-based autonomous delivery company, received new investments in Series C funding round. Backers included Woven Capital, a newly established growth stage fund from Woven Planet, a Toyota subsidiary, Chipotle, and other new investors. They joined as part of Nuro’s recently closed $500m Series C round, led by funds and accounts advised by… Continue reading Nuro Announces New Investors in Series C
Chinese smartphone maker Xiaomi to make EVs using Great Wall’s plant -sources
By Julie Zhu and Yilei Sun HONG KONG/BEIJING: China’s Xiaomi Corp plans to make electric vehicles (EVs) using Great Wall Motor Co Ltd’s factory, said three people with direct knowledge of the matter, making it the latest tech firm to join the smart mobility race. Xiaomi, one of the world’s biggest smartphone makers, is in… Continue reading Chinese smartphone maker Xiaomi to make EVs using Great Wall’s plant -sources
Innoviz launches automotive perception platform for autonomous vehicles
Israel-based Innoviz Technologies, a leading provider of high-performance, solid-state LiDAR sensors and perception software has released its Automotive Perception Platform – InnovizAPP for the automotive industry. The InnovizAPP is the company’s advanced perception platform, which includes automotive-grade hardware and software that enable autonomous vehicles to identify and classify objects. The company is already shipping InnovizAPP… Continue reading Innoviz launches automotive perception platform for autonomous vehicles
Automakers, suppliers and startups see growing market for in-vehicle AR/VR applications
Augmented and virtual reality have been used for years in gaming, design and shopping. Now, a new battle for market share is emerging — inside vehicles. Safety-glass windshields offer a new opportunity for suppliers, manufacturers and startups that are starting to adapt this technology: AR overlays digital information or images on what a user sees… Continue reading Automakers, suppliers and startups see growing market for in-vehicle AR/VR applications
@Toyota: Woven Capital Makes Its First Investment, Backing Nuro
Woven Capital, L.P. (“Woven Capital”), an $800 million global investment fund that supports growth-stage companies in mobility, made an equity investment in Nuro, Inc. (“Nuro”), a leading robotics company providing autonomous delivery. The investment is part of Nuro’s Series C round of funding, advancing its work in designing and engineering self-driving road vehicles to transform… Continue reading @Toyota: Woven Capital Makes Its First Investment, Backing Nuro
Innoviz Launches Revolutionary Automotive Perception Platform to Accelerate Major Automakers’ Autonomous Vehicle Production
InnovizAPP is based on Innoviz’s advanced Perception Software, which leverages the rich data derived from Innoviz’s LiDAR sensors, coupled with proprietary AI algorithms, to analyze the point cloud and estimate an object’s speed with high precision. The software can accurately detect and classify objects in any 3D driving scene up to 250 meters away, including… Continue reading Innoviz Launches Revolutionary Automotive Perception Platform to Accelerate Major Automakers’ Autonomous Vehicle Production
Baton raises $10.5M to create ‘drop zones,’ where truckers can hand off freight
In the trucking industry, “dwell and detention” times are the enemies of efficiency, profits and drivers. More than two billion hours are lost each year due to dwell —the time spent at a distribution yard or facility — and detention — the gap between when unloading or loading is supposed to begin and when it… Continue reading Baton raises $10.5M to create ‘drop zones,’ where truckers can hand off freight
AEye to Present at Upcoming Investor Conferences
Dublin, CA and New York, NY – March 25, 2021 – AEye, Inc., (“AEye”) the global leader in active, high-performance LiDAR solutions, and CF Finance Acquisition Corp. III (Nasdaq: CFAC) (“CF III”), a special purpose acquisition company, today announced that AEye will be presenting virtually at the following upcoming investor conferences. Bank of America 2021… Continue reading AEye to Present at Upcoming Investor Conferences
Foretellix Partners with Jingwei HiRain, to Accelerate the Use of its Automated Driving Systems Verification & Validation Platform in China
BEIJING and TEL AVIV, Israel, March 25, 2021 /PRNewswire/ — Jingwei HiRain, a Tier 1 provider and a leading high-tech automotive technology supplier in China, and Foretellix, a leading Automated Driving Systems Verification solution provider, announced a new partnership to accelerate the distribution and adoption of Foretify™, Foretellix’s verification & validation platform and enable mass… Continue reading Foretellix Partners with Jingwei HiRain, to Accelerate the Use of its Automated Driving Systems Verification & Validation Platform in China