Tag: Mobility

Uber: Uber Announces Pricing of $1.0 Billion Convertible Senior Notes Offering

SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) today announced the pricing of $1.0 billion principal amount of 0% Convertible Senior Notes due 2025 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Uber also granted the initial purchasers of… Continue reading Uber: Uber Announces Pricing of $1.0 Billion Convertible Senior Notes Offering

Used car marketplace Carsome gets $30 million Series D for its Southeast Asia growth plans

Carsome, which bills itself as Southeast Asia’s largest e-commerce platform for used cars, announced it has closed a $30 million Series D. The funding was led by Asia Partners, with participation from returning investors Burda Principal Investments and Ondine Capital. The startup described this as one of the largest “all-equity financings to date in Southeast… Continue reading Used car marketplace Carsome gets $30 million Series D for its Southeast Asia growth plans

Joby Aviation is acquiring Uber’s Elevate as the ride-hailing giant continues to shed divisions during the pandemic

Joby Aviation will acquire Uber Elevate in another sell-off from the ride-hailing giant during the pandemic.  Uber will invest $75 million in Joby Aviation which, combined with a previously undisclosed $50 million investment in January from Uber, brings the latter’s total fundraising haul to $820 million. Joby expects to begin flights with electric vertical take-off… Continue reading Joby Aviation is acquiring Uber’s Elevate as the ride-hailing giant continues to shed divisions during the pandemic

Robert Bosch Venture Capital invests in USD 6 million funding round of Sunlight

About RBVC GmbH Robert Bosch Venture Capital GmbH (RBVC) is the corporate venture capital company of the Bosch Group, a leading global supplier of technology and services. RBVC invests worldwide in innovative start-up companies at all stages of their development. Its investment activities focus on technology companies working in areas of business of current and… Continue reading Robert Bosch Venture Capital invests in USD 6 million funding round of Sunlight

General Motors will not offer buyouts to GMC dealers who don’t want to sell Hummer EVs

2022 GMC Hummer EV sport utility truck “Edition 1” GM DETROIT – General Motors does not plan to offer buyouts to GMC dealers like it has for franchise owners of its Cadillac brand who don’t want to invest in stores to sell all-electric vehicles. Duncan Aldred, vice president of GMC, said the brand is executing… Continue reading General Motors will not offer buyouts to GMC dealers who don’t want to sell Hummer EVs

@VW Group: Volkswagen inaugurates R&D center for e-mobility in China

Anhui province is to be transformed into a new center of competence and e-mobility hub for the Volkswagen Group in China. As a first step, today saw the inauguration of a new Research & Development center at the company’s facilities in Hefei. At the same time, the joint venture JAC Volkswagen was renamed as Volkswagen… Continue reading @VW Group: Volkswagen inaugurates R&D center for e-mobility in China

Aurora is Acquiring Uber’s Self-Driving Unit, Advanced Technologies Group, Accelerating Development of the Aurora Driver

Through a strategic partnership with Uber, Aurora paves a path for delivering the Aurora Driver broadly PITTSBURGH–(BUSINESS WIRE)–Aurora, the self-driving car company, announced today that they are acquiring Uber Technologies Inc.’s (NYSE: UBER) self-driving unit, Advanced Technologies Group (Uber ATG). ATG’s team and technology will accelerate Aurora’s mission and the delivery of our first product… Continue reading Aurora is Acquiring Uber’s Self-Driving Unit, Advanced Technologies Group, Accelerating Development of the Aurora Driver

Eyesight Technologies Announces its New Name – Cipia

TEL AVIV, Israel, Dec. 8, 2020 /PRNewswire/ — Eyesight Technologies, a leading provider of in-cabin computer vision AI solutions for the automotive industry, today announced that it has changed its name to Cipia. With Cipia’s unique market position, addressing the coming phases of advanced driver monitoring systems (DMS) and emerging occupancy monitoring systems (OMS) market, the… Continue reading Eyesight Technologies Announces its New Name – Cipia

Tactile Mobility, the City of Detroit and a major Detroit-based Automaker conduct Proof of Concept to demonstrate the value of tactile data in improving road safety and maintenance

DETROIT and HAIFA, Israel, Dec. 8, 2020 /PRNewswire/ — Tactile Mobility, the City of Detroit, and a major Detroit-based Automaker today announced that they have joined forces to conduct a proof of concept that aims to solve one of Detroit’s main challenges: improving pavement conditions and optimizing maintenance. Organized and supported by a PlanetM grant,… Continue reading Tactile Mobility, the City of Detroit and a major Detroit-based Automaker conduct Proof of Concept to demonstrate the value of tactile data in improving road safety and maintenance