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
Tag: Mobility
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
BorgWarner Completes Investment in Qnovo Inc., Enhancing Battery Management Capabilities
AUBURN HILLS, Mich., Jan. 11, 2022 /PRNewswire/ — BorgWarner, a global leader in delivering innovative and sustainable mobility solutions for the vehicle market, today announced its investment in Qnovo, Inc., a privately held, Silicon Valley-based software and controls company. BorgWarner is the lead investor for Qnovo’s multi-million-dollar Series-C capital raise. With Qnovo’s focus on battery… Continue reading BorgWarner Completes Investment in Qnovo Inc., Enhancing Battery Management Capabilities
Altigreen partners Massive Mobility to install 25,000 EV charging stations in 2 years
Bangalore-based Altigreen, a leading manufacturer of electric three-wheelers has joined hands with Delhi-based EV charging solutions start-up Massive Mobility to install 25,000 on-demand charging stations in the next two years. Dr. Amitabh Saran, CEO, Altigreen said, “We have a long way to go in making Indian roads fully electric and, to sustain this uphill climb,… Continue reading Altigreen partners Massive Mobility to install 25,000 EV charging stations in 2 years
Bolt raises $709M at an $8.4B valuation to expand its transportation and food delivery super app
Economies of scale are an essential cornerstone for on-demand companies, and to that end one of the hopefuls in the space has raised a big round to grow its business. Bolt — the startup and app of the same name that operates on-demand ride hailing, shared cars and scooters; and restaurant and grocery delivery —… Continue reading Bolt raises $709M at an $8.4B valuation to expand its transportation and food delivery super app
Peer-to-peer car-sharing company Turo files IPO to go public
Peer-to-peer car-sharing startup Turo has released its filing to become a publicly traded company in the United States, a process the company began confidentially in August. The S-1 document filed Monday with the U.S. Securities and Exchange Commission does not include terms for its offering. Turo, which was founded in 2010 and has been compared… Continue reading Peer-to-peer car-sharing company Turo files IPO to go public
@Ford: Ford Motor Company Board Declares Dividend for First-Quarter 2022
About Ford Motor Company Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan, that is committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with… Continue reading @Ford: Ford Motor Company Board Declares Dividend for First-Quarter 2022
@GM: GM Delivers 2.9 Million Vehicles in China in 2021 January 10, 2022
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@GM: GM Brings Powerful New Compute Architecture to Ultra Cruise to Help Enable Door-to-Door Hands-Free Driving
GM Brings Powerful New Compute Architecture to Ultra Cruise to Help Enable Door-to-Door Hands-Free Driving GM and Qualcomm showcase collaboration at CES that brings first dedicated Snapdragon system-on-chips to GM’s upcoming advanced driver assistance system for fast, robust data processing 2022-01-06 DETROIT – GM announced this week that its next-generation hands-free driver assist system, Ultra… Continue reading @GM: GM Brings Powerful New Compute Architecture to Ultra Cruise to Help Enable Door-to-Door Hands-Free Driving