TEL AVIV, Israel, Sept. 1, 2021 /PRNewswire/ — Foretellix, the leading platform provider automating the testing, verification and validation for automated driving systems (ADAS and AV), has secured $32 million in its latest series B funding round, bringing its total raised capital to over $50 million. The round was led by MoreTech Ventures, with participation from several… Continue reading Foretellix Closes $32M Series B Funding Round For Ensuring The Safe And Efficient Deployment Of Automated Driving Systems
Tag: Volvo
Autos & TransportationMercedes-Benz teams up with SSAB to explore fossil fuel-free steel for cars6:41 AM UTC
The Mercedes-Benz logo is seen on a car in front of the Mercedes-Benz Museum in Stuttgart, Germany February 11, 2020. REUTERS/Andreas Gebert BENGALURU, Sept 1 (Reuters) – Swedish steelmaker SSAB (SSABa.ST) said on Wednesday it had partnered with Daimler’s (DAIGn.DE) Mercedes-Benz to introduce fossil fuel-free steel into vehicle production, with prototype parts for body shells… Continue reading Autos & TransportationMercedes-Benz teams up with SSAB to explore fossil fuel-free steel for cars6:41 AM UTC
BMW backs the restructuring of China JV partner’s parent Huachen
BMW said in a statement to Reuters that it also wanted to use Huachen’s existing car manufacturing capacity. Huachen is based in China’s northeastern city of Shenyang in Liaoning province. BEIJING: BMW said on Tuesday it wanted to support the restructuring of Huachen Group, parent of the German premium automaker’s Chinese joint venture partner Brilliance… Continue reading BMW backs the restructuring of China JV partner’s parent Huachen
Autos & TransportationScania stops European truck production this week over chip shortageAugust 30, 2021
A truck of Swedish company Scania is pictured in Hanover, Germany September 19, 2018. REUTERS/Fabian Bimmer STOCKHOLM, Aug 30 (Reuters) – Truckmaker Scania, part of Volkswagen AG’s (VOWG_p.DE) commercial vehicle arm Traton SE (8TRA.DE), will halt production at its European truck plants this week due to the shortage of semi-conductors, it said on Monday. A… Continue reading Autos & TransportationScania stops European truck production this week over chip shortageAugust 30, 2021
Over 139,000 Highly Automated Commercial Vehicles Expected to Ship Globally in 2026
Production-grade autonomous transport begins to scale NEW YORK, Aug. 31, 2021 /PRNewswire/ — As factory production begins for leading OEMs within the next three years, SAE Level 4 autonomy will move from modified heavy-duty trucks and pilots to a reality across multiple regions. According to ABI Research, a global tech market advisory firm, these vehicle… Continue reading Over 139,000 Highly Automated Commercial Vehicles Expected to Ship Globally in 2026
Stellantis extends output halts at several European car plants on chip shortage
Plants at Rennes and Sochaux in France as well as the Eisenach plant in Germany, which produce light commercial vehicles, suffered production halts last week. PARIS: Carmaker Stellantis is extending production halts at several plants in Europe due to a shortage in microchips, a spokesperson for Stellantis said on Monday. Carmakers, increasingly dependent on electronic… Continue reading Stellantis extends output halts at several European car plants on chip shortage
What if Highways Were Electric? Germany Is Testing the Idea.
OBER-RAMSTADT, Germany — On a highway south of Frankfurt recently, Thomas Schmieder maneuvered his Scania tractor-trailer and its load of house paint into the far right lane. Then he flicked a switch you won’t find on most truck dashboards. Outside the cab a contraption started to unfold from the roof, looking like a clothes-drying rack… Continue reading What if Highways Were Electric? Germany Is Testing the Idea.
Autos & TransportationGeely’s EV brand Zeekr raises $500 mln in first external funding2:42 PM UTC
A Zeekr 001 electric vehicle (EV) by Geely is seen displayed at the Zeekr booth during a media day for the Auto Shanghai show in Shanghai, China April 19, 2021. REUTERS/Aly Song BEIJING, Aug 27 (Reuters) – Zeekr, the premium electric vehicle brand by Geely, said on Friday it raised $500 million in its first… Continue reading Autos & TransportationGeely’s EV brand Zeekr raises $500 mln in first external funding2:42 PM UTC
Automotive startup Upstream raises $62M Series C to scale cloud-based security
Back in 2015, researchers Charlie Miller and Chris Valasek remotely hacked into a Jeep Cherokee driven by a Wired reporter, Andy Greenberg, in an attempt to warn the auto industry of potential pitfalls in their software and inspire legislation around automotive cybersecurity. It did that and more. Fiat Chrysler, which owns Jeep, ended up recalling… Continue reading Automotive startup Upstream raises $62M Series C to scale cloud-based security
Upstream Security Raises $62M in Series C Financing Round
HERZLIYA, Israel, Aug. 24, 2021 /PRNewswire/ — Upstream Security, the leader in automotive cybersecurity and data analytics for connected vehicles, announced today it successfully closed a $62 million investment as part of round C funding, thereby completing a total of $105 million investment since its founding. This latest investment, which was led by Mitsui Sumitomo Insurance… Continue reading Upstream Security Raises $62M in Series C Financing Round