Autobrains, developer of self-learning AI for autonomous driving raised $101 million in Series C financing. Tweet this Today’s announcement reflects anticipation from global leaders, including Tier 1 suppliers and OEMs, as well as sophisticated investment funds, that Autobrains is disrupting the advanced driver-assistance systems (ADAS) and autonomous vehicle marketplace with its alternative approach to AI… Continue reading Autobrains Announces $101 Million Series C Funding Led by Temasek
Tag: Morgan
Atlis Motor Vehicles Forms Strategic Collaboration With EAVX To Develop Electric Commercial Work Trucks
MESA, Ariz., Nov. 1, 2021 /PRNewswire/ — Atlis Motor Vehicles (ATLIS), a startup mobility technology company, announced today the signing of a Strategic Collaboration Agreement with the JB Poindexter & Co business unit EAVX to develop electric commercial work truck products that integrate EAVX bodies and accessories with the ATLIS XP platform. ATLIS is developing a fully electric… Continue reading Atlis Motor Vehicles Forms Strategic Collaboration With EAVX To Develop Electric Commercial Work Trucks
Elon Musk confirms Tesla didn’t give Hertz discount on 100k EV order, questions TSLA surge over it
Elon Musk has confirmed that Tesla didn’t give Hertz a discount on its order of 100,000 electric cars. The CEO also questions Tesla’s incredible stock price surge following the news. As we reported yesterday, rental car company Hertz announced that they placed an order of 100,000 Model 3 electric vehicles with Tesla. The order is… Continue reading Elon Musk confirms Tesla didn’t give Hertz discount on 100k EV order, questions TSLA surge over it
121 Year-old Morgan Motor Company Creates New Platform and Adhesive Backed Chassis for its latest Plus Four Model
With an eye on the future of vehicles, as well as the pending GSR safety, crashworthy and emission compliance regulations, the Morgan Motor Company which opened in 1910 has adopted a new vehicle platform, and made some changes in the latest model of the legendary Plus Four which has led their range for more than… Continue reading 121 Year-old Morgan Motor Company Creates New Platform and Adhesive Backed Chassis for its latest Plus Four Model
Hertz Prepares for New Nasdaq Listing
The public offering should commence in Q4 2021. Hertz will trade under its old symbol HTZ. Photo via Enjosmith/Flickr. Hertz Global Holdings, Inc. announced on Oct. 15 that it has filed a registration statement with the U.S. Securities and Exchange Commission (SEC) relating to a proposed public offering of its common stock. The news comes shortly after the… Continue reading Hertz Prepares for New Nasdaq Listing
Autos & Transportation · 9:43 PM UTCMichigan judge tosses GM lawsuit against Fiat ChryslerA Michigan judge has thrown out a lawsuit that General Motor…
The new GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, U.S., March 16, 2021. REUTERS/Rebecca Cook WASHINGTON, Oct 17 (Reuters) – A Michigan judge has thrown out a lawsuit that General Motors Co (GM.N) filed against Stellantis’ Fiat Chrysler Automobiles (FCA) that accused its rival of fraud and… Continue reading Autos & Transportation · 9:43 PM UTCMichigan judge tosses GM lawsuit against Fiat ChryslerA Michigan judge has thrown out a lawsuit that General Motor…
Tata Motors raises $1b from TPG, ADQ for electric vehicle business
Indian automaker Tata Motors has raised about $1 billion from private equity firm TPG’s Rise Climate Fund and Abu Dhabi state holding company ADQ to expand its electric vehicle business, the company said on Tuesday. Tata Motors will form a separate electric vehicle unit in which TPG and ADQ will hold between 11% and 15%, valuing the new entity at… Continue reading Tata Motors raises $1b from TPG, ADQ for electric vehicle business
Kyte Raises $30 Million Series A Funding
With rapid expansion across the country, Kyte is eyeing a future of rental teleoperation and fully autonomous vehicle delivery. Photo: Kyte Kyte has announced a $30 million Series A funding round led by Park West Asset Management and Sterling Road. The on-demand car rental company launched in 2019 and is building infrastructure to support its goal of enabling teleoperation… Continue reading Kyte Raises $30 Million Series A Funding
@Groupe PSA: PR Faurecia launches public takeover offer for Hella002550
Faurecia, with its wholly owned subsidiary Faurecia Participations GmbH as bidding entity, today published the offer document for its voluntary public takeover offer in cash for all outstanding shares of Hella, a major automotive player in lighting and electronics based in Lippstadt, Germany. The offer price is €60.0 per share in cash. This represents a… Continue reading @Groupe PSA: PR Faurecia launches public takeover offer for Hella002550
TechnologySoftBank-backed Oyo to file for $1.2 bln IPO next week – source4:25 AM UTC
The logo of OYO, India’s largest and fastest-growing hotel chain, is seen installed on a hotel building in New Delhi, India, April 3, 2019. REUTERS/Adnan Abidi/File Photo BENGALURU, Sept 23 (Reuters) – SoftBank Group (9984.T)-backed Indian hospitality startup Oyo Hotels and Rooms is expected to file for an initial public offering (IPO) next week to… Continue reading TechnologySoftBank-backed Oyo to file for $1.2 bln IPO next week – source4:25 AM UTC