Supernal, an evolution of the Group’s Urban Air Mobility Division, is developing an eVTOL vehicle for 2028 entry-into-service and convening diverse stakeholders to responsibly shape the Advanced Air Mobility market Supernal will use the Group’s scaled manufacturing, and mobility technologies and innovations to revolutionize air travel Supernal will take mobility to the next dimension, with… Continue reading @Hyundai: Hyundai Motor Group announces the formation of Supernal to lead the Group’s progress in Advanced Air Mobility
Tag: Mobility
Hyundai Motor Group announces the formation of Supernal to lead the Group’s progress in Advanced Air Mobility
“In adding a new dimension to mobility, we are on a mission to transform how people and society move, connect, and live,” said Jaiwon Shin, Chief Executive Officer of Supernal and President, of Hyundai Motor Group. “We have bold ambitions at Supernal but being first to market is not one of them. We are working… Continue reading Hyundai Motor Group announces the formation of Supernal to lead the Group’s progress in Advanced Air Mobility
M&M Q2 PAT up 214% to INR 1,929 cr
Mahindra said it sold 99,334 vehicles during the period under review, up 9% from 91,536 units in the second quarter of last fiscal. New Delhi: Mahindra & Mahindra (M&M) Group on Tuesday reported a growth of 213.6% in its consolidated PAT to INR 1,928.64 crore in Q2 FY22 as against INR 614.64 crore during Q2… Continue reading M&M Q2 PAT up 214% to INR 1,929 cr
Autonomous driving: Mercedes traffic jam pilot is apparently delayed
Actually, the traffic jam pilot from Mercedes-Benz should be approved this year. But that doesn’t seem to work anymore. (Autonomous driving, automobile) Go to source
@niche: Sono Motors Announces Launch of Initial Public Offering001388
Sono Group N.V. (parent company to “Sono Motors GmbH”, “Sono Motors” or the “Company”) today announced that it has commenced an initial public offering of 10,000,000 common shares. The initial public offering price is expected to be between $14.00 and $16.00 per share. The Company intends to grant the underwriters a 30-day option to purchase… Continue reading @niche: Sono Motors Announces Launch of Initial Public Offering001388
India: Zoomcar raises $92m led by US-based SternAegis Ventures
SternAegis acted as the exclusive placement agent for this offering and ThinkEquity acted as a special advisor. Zoomcar intends to use the proceeds from this financing to grow its car-sharing marketplace in India and markets across Asia and the MENA region. It said it will continue to invest in its advanced engineering and data science… Continue reading India: Zoomcar raises $92m led by US-based SternAegis Ventures
The Station: Nuro scoops up new investors, Rivian gets sued and ride-hailing inches towards profitability
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. The… Continue reading The Station: Nuro scoops up new investors, Rivian gets sued and ride-hailing inches towards profitability
Senmiao Technology Announces $5 Million Private Placement
CHENGDU, China, Nov. 8, 2021 /PRNewswire/ — Senmiao Technology Limited (“Senmiao”) (Nasdaq: AIHS), a financing and servicing company focused on the online ride-hailing industry in China as well as an operator of its own online ride-hailing platform, today announced that it has entered into a securities purchase agreement (the “SPA”) with certain institutional investors for a… Continue reading Senmiao Technology Announces $5 Million Private Placement
Atlis Motor Vehicles Forms Strategic Partnership To Recycle Lithium-ion Batteries
MESA, Ariz., Nov. 8, 2021 /PRNewswire/ — Atlis Motor Vehicles (ATLIS), a startup mobility technology company, announced today that it has entered into an agreement with Li-Cycle Corp. (Li-Cycle), an industry leader in lithium-ion battery resource recovery, and the leading lithium-ion battery recycler in North America. ATLIS is developing a fully electric vehicle platform, proprietary battery cells… Continue reading Atlis Motor Vehicles Forms Strategic Partnership To Recycle Lithium-ion Batteries
@Daimler: Daimler Mobility and Visa form global technology partnership
From spring 2022, Visa’s technology will allow Mercedes-Benz customers in Europe to pay for goods and services by using their fingerprint in the car. Daimler aims to make the car a payment device to initiate two-factor authentication. Stuttgart/London – As a result of a new global technology partnership between Daimler Mobility and Visa, Daimler will… Continue reading @Daimler: Daimler Mobility and Visa form global technology partnership