Ouster, a lidar company that went public this year via a SPAC merger, said it would acquire solid-state lidar startup Sense Photonics in an all-stock deal that was valued at around $68 million at close of markets on Monday. Once the acquisition is complete, Ouster said it would establish a new business arm, Ouster Automotive,… Continue reading Lidar developer Ouster agrees to buy Sense Photonics as it takes aim at the auto industry
Tag: Mobility
Qualcomm Acquires Veoneer (VNE), Defeats Magna With Higher Bid
Veoneer, Inc. VNE was recently acquired by Qualcomm QCOM for $4.5 billion, as the latter knocked out Magna International MGA with a higher bid. This acquisition puts an end to the bidding war brewing between the chipmaker and the car supplier for control of the Swedish automotive-technology company. Per the deal, Qualcomm partnered with the… Continue reading Qualcomm Acquires Veoneer (VNE), Defeats Magna With Higher Bid
EO Charging Unveils Complete Electric Vehicle Fleet Charging Ecosystem
From design to deployment, EO’s fleet solution includes everything a business or government needs to electrify vehicle fleets at scale and at pace. LONDON: EO Charging (“EO”), a leading provider of technology-enabled turnkey solutions for electric vehicle (“EV”) fleets, has unveiled its fleet EV charging ecosystem, the most complete charging infrastructure offering available for car,… Continue reading EO Charging Unveils Complete Electric Vehicle Fleet Charging Ecosystem
Mahle Powertrain develops battery concept for 90-second charging
Mahle’s new battery concept is designed for sustainable and designed for ultrafast charging. Mahle, the development partner and supplier to the automotive industry, is presenting its latest R&D projects at the Aachen Colloquium Sustainable Mobility which opened today. While five lectures will focus on technologies for battery EVs and fuel cells, one highlight is a… Continue reading Mahle Powertrain develops battery concept for 90-second charging
India: Ola acquires GeoSpoc to develop next-generation location technology …
Ola, India’s largest mobility platform, on Tuesday, said it has acquired GeoSpoc, a leading geospatial services provider in India. Making the announcement on a blog post, Bhavish Aggarwal, co- founder and CEO, Ola said, “Dhruva and his team of Geospatial scientists and engineers will be joining Ola to develop technologies which will make mobility universally… Continue reading India: Ola acquires GeoSpoc to develop next-generation location technology …
Bosch stays plugged in to ABB FIA Formula E World Championship for another 3 years
Formula E and Bosch have today agreed a new, multi-year partnership to continue showcasing the German manufacturer’s sustainable mobility solutions. Having worked closely with Formula E since first announcing their partnership in Season 4, Bosch says it remains committed to sharing its expertise as an official partner of the ABB FIA Formula E World Championship… Continue reading Bosch stays plugged in to ABB FIA Formula E World Championship for another 3 years
Sona Comstar to make magnet-less drive motors for electric 2- and 3-wheelers
Two-and-a-half months after it tied up with Israel’s IRP Nexus Group Ltd (IRP), a leading provider of cutting-edge electric powertrain solutions for e-mobility, for a powertrain project, Sona BLW Precision Forgings, through its wholly owned subsidiary company Sona Comstar eDrive has entered into a collaboration agreement to develop, manufacture, and supply a magnet-less drive motor and the… Continue reading Sona Comstar to make magnet-less drive motors for electric 2- and 3-wheelers
WM Motor Expected Over US$300M in Series D1 Financing Round Led by PCCW and Shun Tak Holdings
SHANGHAI and HONG KONG, Oct. 5, 2021 /PRNewswire/ — WM Motor Holdings Limited (“WM Motor”, the “Group” or the “Company”), a dominant EV player in China’s mainstream market, today announced that it has expected US$300+ million in a Series D1 round financing led by PCCW Limited (“PCCW”) and Shun Tak Holdings Limited (“Shun Tak Holdings”), joined by… Continue reading WM Motor Expected Over US$300M in Series D1 Financing Round Led by PCCW and Shun Tak Holdings
@GM: GM Set to Reach 100 Percent Renewable Energy in the U.S. 5 Years Ahead of Schedule
GM Set to Reach 100 Percent Renewable Energy in the U.S. 5 Years Ahead of Schedule 2021-09-30 As GM pursues carbon-neutral commitment, company expects to source 100 percent renewable energy in the U.S. by 2025 GM teams with PJM and TimberRock to launch a new carbon tracking system to monitor and reduce emissions in real… Continue reading @GM: GM Set to Reach 100 Percent Renewable Energy in the U.S. 5 Years Ahead of Schedule
Investors argue Musk should repay $9.4 bln to Tesla for SolarCity deal
The investors said Musk, one of the world’s richest people, could also repay the value of the stock to the company. A Delaware judge should order Elon Musk to repay $9.4 billion to Tesla Inc for the benefits he received by pushing the electric vehicle maker in 2016 to buy an ailing solar company he… Continue reading Investors argue Musk should repay $9.4 bln to Tesla for SolarCity deal