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Tag: Mobility
Lidar startup Aeva raises another $200M ahead of its debut as a public company
Aeva, the lidar company started by two former Apple engineers, has raised an additional $200 million in private investment from Hong Kong hedge fund Sylebra Capital ahead of its debut as a publicly traded company. The Mountain View, California-based startup announced in fall 2020 that it was merging with special purpose acquisition company InterPrivate Acquisition… Continue reading Lidar startup Aeva raises another $200M ahead of its debut as a public company
@VW Group: Elke Temme to boost Volkswagen Group Components team
On 1 January 2021, Elke Temme took on the management of the newly-created Charging & Energy business area at Volkswagen Group Components. This area’s responsibilities will include pooling and managing existing Group activities in the fields of energy, charging services, charging equipment and charging infrastructure across all the brands. “With Elke Temme, we have won… Continue reading @VW Group: Elke Temme to boost Volkswagen Group Components team
Tesla’s China rival Xpeng to use lidar sensors from DJI affiliate Livox
The battle is heating up between Tesla and its Chinese challenger Xpeng as the latter makes clearer its stance on the future of autonomous driving. Over the weekend, Xpeng, which counts Xiaomi and Alibaba among its investors, announced that it will be using lidar sensors from Livox, a startup with closes ties to the Chinese… Continue reading Tesla’s China rival Xpeng to use lidar sensors from DJI affiliate Livox
Aeva, Inc. and InterPrivate Acquisition Corp. Announce $200 Million Investment from Sylebra Capital in Support of Business Combination
Under the terms of the agreement, Sylebra, a current holder of InterPrivate common stock, has committed to purchase an additional $200 million of InterPrivate common stock in connection with the expected closing of the business combination. Sylebra has also entered into a one-year lock-up agreement on the majority of its investment, and will vote all… Continue reading Aeva, Inc. and InterPrivate Acquisition Corp. Announce $200 Million Investment from Sylebra Capital in Support of Business Combination
Magna Expands With Fisker: Secures Full ADAS System Business
Complements EV platform sharing, vehicle engineering and manufacturing cooperationDelivers complete set of ADAS features and unique suite of software packagesIncludes first-to-market digital imaging radar technologyAURORA, Ontario, Jan. 04, 2021 (GLOBE NEWSWIRE) — Magna today confirmed that it is collaborating with Fisker to develop an Advanced Driver Assistance System (ADAS), which will be applied to the… Continue reading Magna Expands With Fisker: Secures Full ADAS System Business
New Year Brings New CEO for Magna
21-year company veteran Swamy Kotagiri takes the helm at MagnaFormer Magna President and CTO blends strategic vision, leadership capabilities and technical expertiseAURORA, Ontario, Jan. 04, 2021 (GLOBE NEWSWIRE) — Last October, Magna’s Board of Directors announced the appointment of Swamy Kotagiri as Magna’s next Chief Executive Officer, effective January 1, 2021. Today, Kotagiri begins his… Continue reading New Year Brings New CEO for Magna
World NM: Hyundai chief sets 2021 as ‘turning point’ for expansion000690
Hyundai Motor Group, South Korea’s top automaker, will accelerate its drive to morph into a future mobility solutions provider this year to better compete with rivals, the group’s chief said Monday. To strengthen its presence in the eco-friendly vehicle market, the group’s main affiliate Hyundai Motor Co. plans to launch the IONIQ 5, the first… Continue reading World NM: Hyundai chief sets 2021 as ‘turning point’ for expansion000690
Rolling out driverless cars is ‘extraordinary grind’, says Waymo boss
Google sister company raised $3.2bn last year but John Krafcik says challenge remains huge Go to Source
Tata Motors partners Karnataka Bank to provide retail finance to car buyers
Tata Motors, a leading car, and commercial vehicle manufacturer has signed a Memorandum of Understanding (MoU) with Karnataka Bank in a joint effort to introduce attractive financing offers for its car buyers. Tata Motor customers can select from a variety of schemes on their future vehicle purchase available across 857 branches of Karnataka Bank which… Continue reading Tata Motors partners Karnataka Bank to provide retail finance to car buyers