INDIANAPOLIS–(BUSINESS WIRE)–Allison Transmission, a leading designer and manufacturer of conventional and electrified vehicle propulsion solutions, is pleased to announce it has committed to a $15 million investment in Autotech Ventures, a venture capital firm that’s helping to pave the way for the next frontier of mobility. Based in Silicon Valley, Autotech invests in and provides… Continue reading Allison Transmission Invests in Autotech Ventures, Obtaining Unique Access to Global Mobility Startups
Tag: Mobility
@BMW: Electro-offensive and number one in premium segment: BMW Group posts strong sales for 2021001687
BMW Group delivered 2,521,525 units (+8.4%) BMW brand reports all-time sales high, up +9.1% year‑on‑year; number one in global premium segment Sales of fully-electric vehicles more than doubled to 103,855 units MINI Electric* is MINI family’s highest-volume model One in four vehicles of the BMW Group sold in Germany is electrified Pieter Nota: “Want to continue profitable… Continue reading @BMW: Electro-offensive and number one in premium segment: BMW Group posts strong sales for 2021001687
Cango Haoche’s Display Function Drives Auto Sales
SHANGHAI, Jan. 12, 2022 /PRNewswire/ — Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading automotive transaction service platform in China, today announced that “Cango Haoche,” its B2B WeChat mini program providing automobile dealers with one-stop transaction, logistics, finance, and insurance services, is gaining traction with dealers and driving sales thanks to its new vehicle… Continue reading Cango Haoche’s Display Function Drives Auto Sales
Mercedes-Benz India plans local production of EQS, 2021 sales up 42 percent
Mercedes-Benz India sold 11,242 cars in 2021, a 42.5 percent jump over 2020 (2020 sales: 7893 cars). With a 41 percent market share – the luxury car maker holds on to strong lead for seven years in a row. Managing Director and CEO, Martin Schwenk made these announcements at a virtual press meeting to announce… Continue reading Mercedes-Benz India plans local production of EQS, 2021 sales up 42 percent
Next.e.GO Mobile becomes the first independent BEV manufacturer to enable its customers trade their CO2 certificates (GHG quota)
AACHEN, Germany, Jan. 12, 2022 /PRNewswire/ — Next.e.GO Mobile SE, the independent German manufacturer of innovative and sustainable urban electric vehicles, announced today that it will enable its customers to trade their GHG quota (CO2 certificates). Together with the partner, Fairnergy, e.GO Mobile offers simple and fast processing of the sale of the GHG quota… Continue reading Next.e.GO Mobile becomes the first independent BEV manufacturer to enable its customers trade their CO2 certificates (GHG quota)
Magna acquires tech, hires engineers of autonomous vehicle startup Optimus Ride
Magna has acquired the technology, IP and assets of Optimus Ride, a startup based in Boston that was trying to commercialize electric autonomous shuttles. As part of the deal announced Tuesday, Magna has hired more than 120 employees of Optimus Ride. The financial terms of the agreement were not disclosed, Optimus Ride CEO Sean Harrington… Continue reading Magna acquires tech, hires engineers of autonomous vehicle startup Optimus Ride
@VW Group: Audi accelerates transformation with a strong 2021 for fully electric vehicles004440
Despite the worldwide semiconductor shortage, Audi is still setting a fast pace on its path to the sustainable premium mobility of the future. That is evident in fully electric car deliveries in the past year, which increased by 57.5 percent over the previous year. Additionally, Audi more than doubled its product portfolio of fully electric… Continue reading @VW Group: Audi accelerates transformation with a strong 2021 for fully electric vehicles004440
Peer-to-peer car-sharing service Turo files to go public
Turo, the peer-to-peer car-sharing service, has filed for its initial public offering, the latest transportation-related startup to sell its shares on a public stock exchange. The company proposes to sell $100 million of stock, but that figure could change as Turo gets closer to its public debut. Founded in 2010, the San Francisco-based company allows… Continue reading Peer-to-peer car-sharing service Turo files to go public
Magna Adds More Than 120 Engineers, Strengthens ADAS Capabilities
Majority of Optimus Ride engineering team joins Magna Bolsters Magna’s expertise in advanced sensing technologies Adds engineering center in Boston area AURORA, Ontario, Jan. 11, 2022 (GLOBE NEWSWIRE) — Magna has added more than 120 employees of Optimus Ride, a provider of autonomous vehicle and mobility solutions located in Boston, to enhance Magna’s capabilities in… Continue reading Magna Adds More Than 120 Engineers, Strengthens ADAS Capabilities
BorgWarner and OGCI Climate Investments Complete New Investments in Qnovo in $24M Series-C Funding
NEWARK, Calif., Jan. 11, 2022 /PRNewswire/ — Qnovo, a pioneer in battery management software, announced the closing of $24M in Series-C financing. BorgWarner led the round with significant participation by OGCI Climate Investments and Constellation Technology Ventures. Existing investors U.S. Venture Partners and RockPort Capital also participated. The company, which is in advanced vehicle qualifications with… Continue reading BorgWarner and OGCI Climate Investments Complete New Investments in Qnovo in $24M Series-C Funding