Self-driving trucks startup TuSimple has closed a $350 million funding round from a diverse consortium of strategic investors that include major U.S. corporations in rail, retail and freight, according to sources familiar with the deal. The round, which was oversubscribed, was led by VectoIQ LLC, confirming a report by TechCrunch in September. VectoIQ is the consulting… Continue reading Self-driving trucks startup TuSimple raises $350M from U.S. rail, retail and freight giants
Tag: Mobility
Ridecell Secures $45 Million in Series C Financing Round
Round Led by Fort Ross Ventures to Support Company’s Hyper Growth into Commercial Fleet Product Lines and New Geographies SAN FRANCISCO, Dec. 2, 2020 /PRNewswire/ — Ridecell Inc., the high-yield fleet platform for digital transformation chosen by the world’s leading fleets, today announced it has secured $45 million for its Series C financing round. The round… Continue reading Ridecell Secures $45 Million in Series C Financing Round
Continental and Nexteer Joint Venture CNXMotion Develops Brake-to-Steer Technology
Pioneers use of electronic braking as an additional layer of steering control for traditional, highly automated and autonomous vehicles (Automation Levels 1 – 5) Offers a cost-effective approach to achieve advanced safety Leverages technology building blocks from parent companies: Nexteer Automotive and Continental AUBURN HILLS, Mich., December 2, 2020. Leveraging technology building blocks from its… Continue reading Continental and Nexteer Joint Venture CNXMotion Develops Brake-to-Steer Technology
VW’s Hitzinger says complexity of new cars to drive consolidation
By Reuters Staff 2 Min Read FILE PHOTO: The new electric Volkswagen model ID. 4 is shown during a media presentation in Zwickau, Germany, September 18, 2020. Picture taken September 18. REUTERS/Matthias Rietschel/File Photo FRANKFURT (Reuters) – The auto industry faces a new wave of consolidation as cars become electric, connected and add highly automated… Continue reading VW’s Hitzinger says complexity of new cars to drive consolidation
@BMW: MINI develops concepts for electric John Cooper Works models.000788
Munich. The evolution of the MINI model range is focused on the ongoing expansion of electric mobility and offering new opportunities to experience the brand’s hallmark driving enjoyment – which also opens up new possibilities for the John Cooper Works brand. Future MINI vehicle architectures mean that extreme performance and genuine driving enjoyment will also… Continue reading @BMW: MINI develops concepts for electric John Cooper Works models.000788
Uber: Uber CFO to Participate in Fireside Chat at 2020 Barclays Global Technology, Media and Telecommunications Conference
SAN FRANCISCO–(BUSINESS WIRE)–Uber Technologies, Inc. (NYSE: UBER) announced today that Nelson Chai, CFO, will participate in a fireside chat at the 2020 Barclays Global Technology, Media and Telecommunications Conference on Thursday, Dec 10, 2020. Mr. Chai is scheduled to appear at 8:00am ET (5:00am PT). A live webcast of the event will be available on… Continue reading Uber: Uber CFO to Participate in Fireside Chat at 2020 Barclays Global Technology, Media and Telecommunications Conference
@VW Group: Across Germany: endurance test with ID.3(((ID.3 – combined power consumption in kWh/100 km (NEDC): 15.4-14.5, CO2 emissions in g/km: 0; efficiency class: A+.))) covering 28,198 kilometres between Oberstdorf and Sylt
“If you’re open-minded, you can have plenty of fun with an electric car like the ID.3,” Rainer Zietlow says. And he should know because Zietlow, originally from Mannheim, and his companion Dominic Brüner from Hannover spent 65 days travelling the length and breadth of Germany to test the long-distance capabilities of the new Volkswagen model… Continue reading @VW Group: Across Germany: endurance test with ID.3(((ID.3 – combined power consumption in kWh/100 km (NEDC): 15.4-14.5, CO2 emissions in g/km: 0; efficiency class: A+.))) covering 28,198 kilometres between Oberstdorf and Sylt
@VW Group: Pooling strengths for the electric offensive: Integration of Volkswagen Motorsport GmbH in Volkswagen AG
The Volkswagen brand is pooling strengths for the transformation to the mobile electric era. The brand is terminating its motorsport activities as part of the company’s realignment and further focusing. The Volkswagen Motorsport GmbH workforce will be integrated in Volkswagen AG. “The Volkswagen brand is on the way to becoming the leading provider for sustainable… Continue reading @VW Group: Pooling strengths for the electric offensive: Integration of Volkswagen Motorsport GmbH in Volkswagen AG
@VW Group: Audi is using augmented reality to increase efficiency in logistics planning
Audi relies on augmented reality (AR) to plan complex logistics processes: Virtual presentation of three dimensional holograms that are shown in their actual environment helps planners to better evaluate the future situation. Because of this, prototypes of containers or equipment, etc., which are elaborate to produce, are no longer necessary. Audi uses the new generation… Continue reading @VW Group: Audi is using augmented reality to increase efficiency in logistics planning
Scale AI Raises $155M in Funding; Valued at Over $3.5 Billion Post-Money
Scale AI, a San Francisco, California-based data platform for AI, raised $155M in new funding. The round, led by Tiger Global, was closed at a valuation of over $3.5B post-money. The company plans to use the funds to accelerate the development of its AI platform and develop new products to serve its customers like OpenAI,… Continue reading Scale AI Raises $155M in Funding; Valued at Over $3.5 Billion Post-Money