Exponent Energy, an electric vehicle charging tech start-up, has got $5 million (Rs 37 crore) in pre-series A round of funding from existing investors YourNest VC; 3one4 Capital, AdvantEdge VC and new participation from Tier 1 supplier Motherson Group. Bangalore-based Exponent Energy, an energy solutions start-up, has announced the development of a battery pack and… Continue reading Motherson invests in 15-minute EV charging tech start-up Exponent Energy
Tag: Mobility
Mahindra Group and Reliance join hands for EV and low-carbon solutions
Anand Gopal Mahindra, chairman of Mahindra Group (Left) and Mukesh Dhirubhai Ambani, chairman of Reliance Industries Ltd (Right) In a major collaboration with wide ranging possibilities in electric mobility, Reliance BP Mobility Limited (RBML) under the brand name Jio-bp and Mahindra Group on Tuesday announced a non-binding MoU to explore creation of EV products and… Continue reading Mahindra Group and Reliance join hands for EV and low-carbon solutions
Meritor Awarded Daimler China Business to Supply Heavy Duty On-Highway Axles
TROY, Mich., Dec. 7, 2021 /PRNewswire/ — Meritor, Inc. (NYSE: MTOR) today announced that it has entered into a supply agreement with Beijing Foton Daimler Automotive Co. Ltd. (BFDA), Daimler Truck’s joint venture in China. With this deal, Meritor will produce a custom version of long haul tandem and single rear-drive axles for Daimler’s heavy-duty on-highway tractors,… Continue reading Meritor Awarded Daimler China Business to Supply Heavy Duty On-Highway Axles
Yadea Helps People “Electrify Your Life” and Embrace Green Mobility Solutions in 2021
“Over the past year, we have completed comprehensive upgrades to our technology and product matrix based on independent R&D. Furthermore, we have accelerated our globalization strategy as we seek to bring green travel solutions to more people around the world. Yadea has truly reaped the rewards of our harvest in 2021 — and, in turn,… Continue reading Yadea Helps People “Electrify Your Life” and Embrace Green Mobility Solutions in 2021
@niche: Xos, Inc. Announces Strategic Partnership with Yancey Bros. Co.001483
LOS ANGELES, Dec. 07, 2021 (GLOBE NEWSWIRE) — Xos, Inc. (NASDAQ: XOS), a leading manufacturer of fully electric Class 5 to Class 8 commercial vehicles, today announced it has entered a strategic partnership with Austell, Ga.-based Yancey Bros. Co., the nation’s oldest Caterpillar dealer, to distribute Xos vehicles across the state of Georgia. “We’re thrilled… Continue reading @niche: Xos, Inc. Announces Strategic Partnership with Yancey Bros. Co.001483
Autonomous driving startup Deeproute.ai prices L4 solution at $10,000
Deeproute.ai, an autonomous vehicle startup with offices in Shenzhen and Fremont, California, unveiled an ambitious self-driving solution on Wednesday. The package, named DeepRoute-Driver 2.0, is a production-ready Level 4 system that costs approximately $10,000. The price tag is incredible given the hardware used: five solid-state lidar sensors, eight cameras, a proprietary computing system, and an… Continue reading Autonomous driving startup Deeproute.ai prices L4 solution at $10,000
Stellantis CEO in Detroit: COVID-19 pandemic shows people want cars
For Carlos Tavares, the man who controls the fate of Jeep, Ram, Chrysler and Dodge, the pandemic, and what it has wrought, has been eye-opening. Crises, which began with COVID-19 and spread into the semiconductor shortage that has tested the resilience of the supply chain, driven up vehicle prices and limited what vehicles are on dealer lots,… Continue reading Stellantis CEO in Detroit: COVID-19 pandemic shows people want cars
GM’s self-driving subsidiary fires back at accusations it is violating laws
General Motors’ subsidiary Cruise said Monday it is following the law in testing driverless cars in San Francisco and it will push on with its application to start a robotaxi service there. Cruise, based in San Francisco, has been developing self-driving cars for the past several years for the purpose of starting a commercial robotaxi service in the city. In… Continue reading GM’s self-driving subsidiary fires back at accusations it is violating laws
@GM: GM to Invest More Than $51 Million at Bedford Aluminum Casting Facility for Chevrolet Silverado EV Drive Unit Castings December 7, 2021
Terms & Conditions LEGAL NOTICES PLEASE READ THESE TERMS CAREFULLY BEFORE USING THIS SITE THIS WEB SITE (THE “SITE”) IS PROVIDED BY GM FOR INFORMATIONAL PURPOSES ONLY. BY USING THE SITE, OR BY DOWNLOADING MATERIALS FROM THIS SITE, YOU AGREE TO ABIDE AND BE BOUND BY THE TERMS AND CONDITIONS CONTAINED BELOW AND ELSEWHERE WITHIN… Continue reading @GM: GM to Invest More Than $51 Million at Bedford Aluminum Casting Facility for Chevrolet Silverado EV Drive Unit Castings December 7, 2021
@VW Group: Volkswagen Group ties loan to sustainability target for the first time004313
The Volkswagen Group has for the first time concluded a loan with terms tied to achieving a sustainability target (sustainability linked loan). The interest rate on the three-year €1.8 billion agreement depends on the Volkswagen Group achieving its CO2 fleet emission targets in Europe. The funds will be used for refinancing and to cover new… Continue reading @VW Group: Volkswagen Group ties loan to sustainability target for the first time004313