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
Category: Tech News
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Infiniti will offer CarPlay as a free upgrade to ‘most’ 2020 and 2021 models
Apple CarPlay has become commonplace since its Ferrari FF debut back in 2014 and has finally arrived for the Infiniti brand. The Japanese automaker announced earlier this spring that the 2022 QX80, Q50, Q60 and Q60 SUV would be the first models to come equipped with the content streaming and navigation service. But what about… Continue reading Infiniti will offer CarPlay as a free upgrade to ‘most’ 2020 and 2021 models
Dott launches bike-sharing service in Paris
Nearly a year after Dott originally announced plans to launch a bike-sharing service, the new offering is going live in Paris. Dott is better known for its scooter-sharing service across dozens of European cities. It is adding electric bikes to complement its service. In addition to Dott, Lime and Tier also have scooters currently available… Continue reading Dott launches bike-sharing service in Paris
VanMoof’s new V e-bike is its fastest ever
VanMoof just announced the VanMoof V, the company’s first high-speed electric bike capable of hitting a top speed of 60km/h (37mph). That’s much faster than VanMoof’s current e-bikes, which are capped at 25km/h in Europe and 20mph in the US, and well beyond what local laws currently allow. Vanmoof is launching the pedal-assisted V today… Continue reading VanMoof’s new V e-bike is its fastest ever
Automotive industry-focused software firm NeuSAR bags $101m led by CMG-SDIC
NeuSAR, a unit of the Chinese software major Neusoft Corporation, announced on Monday that it has closed its maiden round of financing, raising 650 million yuan ($101 million). State-backed CMG-SDIC Capital led the round with participation from automotive industry-focused Virtue Capital. CMG-SDIC Capital picked up a 9.3% stake in NeuSAR for an investment of 600 million… Continue reading Automotive industry-focused software firm NeuSAR bags $101m led by CMG-SDIC
Battery Resourcers Raises $70M in Series B Funding
Battery Resourcers, a Worcester, MA-based lithium-ion battery recycler and manufacturer, raised $70M in Series B funding. Orbia Ventures and Koura, Orbia’s business focused on the development, manufacture and supply of fluoroproducts and technologies, initiated this funding round later joined by Hitachi Ventures, InMotion Ventures (JLR), Doral Energy, At One Ventures, TDK Ventures and Trumpf Ventures. Founded in 2015… Continue reading Battery Resourcers Raises $70M in Series B Funding
The Station: Tesla calls Texas home, Volvo takes the IPO path and GM lays out its $280B revenue plan
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Wow,… Continue reading The Station: Tesla calls Texas home, Volvo takes the IPO path and GM lays out its $280B revenue plan
Elon Musk Says That Tesla Is Making Its Own Beer
The “GigaBier” will be served in Cybertruck-themed bottles. One for the Road Elon Musk is known for fairly gimmicky tactics to promote his products — but he might have outdone himself yet with the new Cybertuck-themed beer. The billionaire CEO introduced the “GigaBier” at Tesla’s Gigafactory Berlin County Fair, according to Teslarati. The GigaBier’s bottles… Continue reading Elon Musk Says That Tesla Is Making Its Own Beer
Chinese miner Zijin to acquire Canada’s Neo Lithium in $737m deal
China’s Zijin Mining Group Co Ltd will buy Canada’s Neo Lithium Corp for C$918.7 million ($737.14 million)the companies said on Friday. Zijin has agreed to buy Argentina-focused lithium company, Neo Lithium at a price of C$6.50 per share in cash, the companies said in a joint statement. The offer represents a premium of over 18% to Neo Lithium‘s last close of C$5.49 on Friday. Neo Lithium said… Continue reading Chinese miner Zijin to acquire Canada’s Neo Lithium in $737m deal
Musk says Tesla will begin production at its German Gigafactory by the end of the year
Elon Musk said during an open house at Tesla’s new Gigafactory near Berlin this weekend that the company is aiming to begin production of its Model Y cars there before the end of the year. And the CEO added he’s hoping the plant will be producing between 5,000 and 10,000 vehicles weekly by the end… Continue reading Musk says Tesla will begin production at its German Gigafactory by the end of the year