Toyota Motor Corporation (Toyota) and the East Japan Railway Company (JR East) have signed a basic agreement for a comprehensive business partnership, centred on a hydrogen based mobility partnership between railways and automobiles. The partnership is aimed at helping realise sustainable, low-carbon societies in the face of global warming and energy diversification. The agreement is… Continue reading Toyota Considers Hydrogen-Based Mobility Partnership Between Railways and Automobiles
Tag: M and A
Updated BMW i3 gets greater range
BMW’s i division has upgraded the electric-powered i3 with a new battery that is claimed to extend its range by almost 30 per cent under everyday driving conditions. The new 120Ah lithium-ion unit replaces the 94Ah battery used by the existing i3 and brings a 9.2kWh increase in energy capacity for the quirky five-door hatchback, at… Continue reading Updated BMW i3 gets greater range
DENSO and NRI SecureTechnologies to establish a joint venture for the automotive cybersecurity market
DENSO Corporation announced it has agreed to establish a joint venture with NRI SecureTechnologies, Ltd. to detect and diagnose the security risks of in-vehicle electronic products. The new cybersecurity company, named NDIAS, Ltd. is equally owned by DENSO and NRI and will be officially established in December 2018. NDIAS will harness DENSO’s expertise in in-vehicle… Continue reading DENSO and NRI SecureTechnologies to establish a joint venture for the automotive cybersecurity market
Cargo Secures $22M in Series A Financing
Cargo, a NYC-based provider of in-car commerce for ride-share companies, secured $22m in Series A financing. The round was led by Founders Fund with participation from:– Coatue Management– Aquiline Technology Growth– Mark Pincus, Founder of Zynga– Vivi Nevo, Israeli-American Venture Capitalist– Colin Carrier, Former Twitch CSO– Emil Michael, Uber’s former Chief Business Officer– Josh Mohrer,… Continue reading Cargo Secures $22M in Series A Financing
Shaping the future of cities.
New York. URBAN-X, the leading accelerator for startups reimagining city life, founded by MINI and run in partnership with Urban Us, presented the outcome of its fourth generation of urbantech startup companies, Cohort 04. The startups are working on solutions to some of the biggest problems cities face around the world, such as optimizing building… Continue reading Shaping the future of cities.
In-car commerce startup Cargo raises $22 million led by Founders Fund
Cargo, the startup that helps ridesharing drivers earn money by bringing the convenience store into their vehicles, has raised $22 million in a Series A round led by Founders Fund. Additional investment came from Coatue Management, Aquiline Technology Growth as well as a number of high-profile entertainment, gaming, and technology executives who include Zynga founder Mark… Continue reading In-car commerce startup Cargo raises $22 million led by Founders Fund
Applied Adhesives Acquires Pacific Adhesives
Applied Adhesives has announced its acquisition of Pacific Adhesives, Inc. Applied Adhesives will continue to market Pacific’s portfolio of hot-melt, water-based and palletizing adhesives and says that the union of the two companies will build on its tradition of customer service and its commitment to maintaining the highest possible standard in adhesive technologies. This represents… Continue reading Applied Adhesives Acquires Pacific Adhesives
Volkswagen and US elite Stanford University develop a fuel cell for the future
New triple power fuel cell catalyst developed Significant cost reduction with simultaneous increase in performance values The fuel cell is regarded as a serious alternative to the classic electric car with battery cells. However, the biggest problem is the comparatively high cost of the technology. A partnership between Volkswagen and the prestigious Stanford University in… Continue reading Volkswagen and US elite Stanford University develop a fuel cell for the future
Groupe PSA and Punch Powertrain are negotiating terms of a Joint Venture agreement for the Group’s future electrified transmissions
On September 27, Groupe PSA and Punch Powertrain announce their intention to sign a joint venture agreement, named “Punch Powertrain PSA e-transmissions”, to produce the future generation of the electrified transmission (e-DCT), starting in 2022. The Metz plant will have an annual production capacity of 600,000 e-DCTs. In preparation for production, Punch Powertrain will carry… Continue reading Groupe PSA and Punch Powertrain are negotiating terms of a Joint Venture agreement for the Group’s future electrified transmissions
IONITY Launches First 10 Ultra-Fast Charging Stations
2 H BY MARK KANE 10 stations ready, 390 more to come. IONITY in Europe proceeds with installations of ultra-fast charging network in a similar time/pace as Electrify America in the U.S. IONITY just completed its 10th station, while Electrify America had 10 in August. The IONITY is a joint venture of BMW Group, Daimler… Continue reading IONITY Launches First 10 Ultra-Fast Charging Stations