Regensburg. The BMW Group is further expanding its Germany-based production capacities for electric drives. From 2021, battery cells for high-voltage batteries will be coated at BMW Group Plant Regensburg and complete high-voltage batteries will be produced from 2022. The company is investing over 150 million euros in the site in order to supply the growing… Continue reading @BMW: BMW Group Plant Regensburg will produce drive components for electrified vehicles from 2021000678
Tag: Mobility
Following Dida’s IPO filing, Chinese ride-hailing startup Shouqi Yueche closes series C round
This round comes three years after Shouqi bagged US$105 million from Baidu and Nio Capital in its series B+ round in 2017. Go to Source
Tekion Raises $150M in Series C; at $1B+ Valuation
Tekion, a San Ramon, Calif.-based cloud technology company and provider of SaaS retail operating platform, Automotive Retail Cloud, raised $150m in Series C financing round at over a $1 billion valuation. The round was led by Advent International with participation from Index Ventures, Exor (the holding company of Fiat Chrysler Automobiles and Ferrari), Airbus Ventures and… Continue reading Tekion Raises $150M in Series C; at $1B+ Valuation
Uber offers more than €1 billion to buy Daimler/BMW’s freenow: Manager Magazin
By Reuters Staff 1 Min Read FILE PHOTO: Uber’s logo is pictured at its office in Bogota, Colombia, December 12, 2019. Picture taken December 12, 2019. REUTERS/Luisa Gonzalez FRANKFURT (Reuters) – Ride-hailing firm Uber UBER.N has offered more than 1 billion euros to buy Daimler DAIGn.DE and BMW’s BMWG.DE joint mobility services company Freenow, Manager… Continue reading Uber offers more than €1 billion to buy Daimler/BMW’s freenow: Manager Magazin
Chinese ride-hailing firm Shouqi Yueche raises Series C funding
Ride-hailing platform Shouqi Yueche has raised ‘hundreds of millions of US dollars’ in its Series C funding round from a clutch of investors, per local media reports. The names of the investors have not been disclosed. The company last raised as much as 700 million yuan ($105 million) in its Series B+ funding round in November… Continue reading Chinese ride-hailing firm Shouqi Yueche raises Series C funding
Laureti Develops The World’s First Mobility Operating System
LONDON, Oct. 21, 2020 /PRNewswire/ — Laureti, a pioneering mobility technology company, unveils MiRA.OS — a first-of-its kind mobility operating system that delivers a dedicated passenger-centric experience. The central rationale of the operating system: support passenger wellness, productivity and connectivity. This technology manages the passenger experience across multiple vehicles within a network that provides privacy,… Continue reading Laureti Develops The World’s First Mobility Operating System
FCA CEO: Automakers need government support in Europe amid ‘biggest single risk ever’
Fiat Chrysler Automobiles NV CEO Mike Manley called on European policymakers Tuesday to step up their support for automakers in their transition to electrified vehicles as the novel coronavirus pandemic represents the “biggest single risk ever to face our industry.” In the first half of the year, production on the continent of an estimated 3.6… Continue reading FCA CEO: Automakers need government support in Europe amid ‘biggest single risk ever’
@Toyota: Toyota AI Ventures Invests in YPC Technologies Through 2020 “Call for Innovation”
Funding will help YPC expand its team and further develop its robotic kitchen LOS ALTOS, Calif. (October 20, 2020) — Toyota AI Ventures, Toyota’s early-stage venture capital fund, today announced its investment in YPC Technologies, a robotic kitchen startup based in Montreal, Canada. The funding follows YPC Technologies’ participation in the 2020 Toyota AI Ventures… Continue reading @Toyota: Toyota AI Ventures Invests in YPC Technologies Through 2020 “Call for Innovation”
@BMW: Gasoline out of Thin Air: Our Investment With Prometheus Fuels000673
Imagine you drive to the gas station and pump your car with gas…except, this time, your weekly pit stop won’t affect the environment whatsoever. The new kind of gasoline coursing through your vehicle doesn’t add CO2 to the atmosphere. In fact, it is molecularly identical to the gasoline made from oil—but instead of being mined… Continue reading @BMW: Gasoline out of Thin Air: Our Investment With Prometheus Fuels000673
Michelin: Capital Reduction – Cancellation of 1,097,540 treasury shares
PRESS RELEASEClermont-Ferrand – October 20, 2020COMPAGNIE GÉNÉRALE DES ÉTABLISSEMENTS MICHELIN CAPITAL REDUCTIONCancellation of 1,097,540 treasury shares Pursuant to the decision of the Managing Chairman on October 13, 2020 and the fifth and the twenty-fourth resolutions of the June 23, 2020 Shareholders Meeting and the fifth and fourteenth resolutions of the May 17, 2019 Shareholders Meeting, Compagnie Générale… Continue reading Michelin: Capital Reduction – Cancellation of 1,097,540 treasury shares