5 H BY MARK KANE PowerShare grows in power. Who’s next to invest? Alliance Ventures, the venture capital arm of Renault-Nissan-Mitsubishi Alliance, announced investment in PowerShare – the charging platform startup based in China, which recently attracted also BP. PowerShare is kind of similar to ChargePoint in North America. The online platform connects EV drivers,… Continue reading Renault-Nissan-Mitsubishi Alliance Invests In PowerShare
Tag: Strategy
ISH Energy: Enter a digital networked future with Bosch
Frankfurt – At ISH Energy, the world’s leading trade fair for sanitary, building, energy, air conditioning technology and renewable energies, Bosch is continuing to promote digitalisation and networking in the commercial and industrial sectors. Fast, simple, unbureaucratic and agile – customers in project business have high expectations for reaction times, flexibility and planning support. Bosch… Continue reading ISH Energy: Enter a digital networked future with Bosch
Avis Announces New CFO
North will oversee all financial aspects of the company, including financial planning and analysis, accounting and financial reporting, tax, internal audit, investor relations, and treasury and risk management. Photo via Travelarz/Wikimedia. Avis Budget Group today announced that, effective March 18, John F. North III will join the company as chief financial officer. North will oversee… Continue reading Avis Announces New CFO
Munich-based IoT transportation startup KONUX raises €11.5 million with backing from Alibaba
Munich-based transportation startup KONUX offers IoT industrial solutions for the rail industry. It combines smart sensors and AI-based analytics to make trains more punctual, while improving network capacity through predictive maintenance planning and the optimisation of railway utilisation.
Founded in 2014, KONUX was named one of the most innovative scale-ups worldwide by the World Economic Forum. The startup has just raised €11.5 million in an extension of its Series B round, bringing the total amount raised in the round since last year to €29 million, and the total raised to date by the startup to €44 million. The Series B round was backed by existing investors New Enterprise Associates (NEA), Upbeat Ventures, MIG AG, and new investor Alibaba Group.
With the new funding and backing from Alibaba Group, KONUX plans to expand internationally, especially in China.
“With the new investments, adding to the $20 million we raised ten months ago, we have an even stronger financial positi..
BMW at the 89th Geneva International Motor Show 2019.
Munich/Geneva. The BMW stand at the International Motor Show 2019 in Geneva focuses on the company’s continuing model offensive in the luxury segment and the ongoing expansion of its range of vehicles with electrified drive systems. Just a few weeks after being unveiled to the world, the new BMW 7 Series luxury sedan is making… Continue reading BMW at the 89th Geneva International Motor Show 2019.
Connected car startup wejo raises €91 million in Series B funding led by GM
Based in Chester, UK, wejo is a connected car startup that delivers intelligent insights for car manufacturers, insurers, and service providers through an automotive data exchange platform. The startup currently tracks over 7 million vehicles in over 180 countries (curating over 78 billion miles of data) and anticipates that 28 million cars will be on its platform by 2020.
Founded in 2014, wejo has just received an investment of €91 million in a Series B round led by General Motors, including an in-kind contribution worth more than €60 million, for a 35% stake in the company. This follows on a €13 million Series A round raised in 2018, and the Series B round now puts wejo’s valuation at €244 million.
“This strategic partnership with GM represents a major step forward for wejo and puts us at the forefront of the connected car revolution,” said Richard Barlow, CEO of wejo. “It’s a statement of intent from one of the biggest car manufacturers in the world. Connected car data is of enorm..
Berlin-based startup German Autolabs raises €7 million for Chris, its AI voice assistant for cars
Berlin-based deep tech startup German Autolabs recently created Chris, the world’s first voice AI enabled digital assistant for in-car usage. The startup has now announced a funding round of €7 million, led by new investors nbr Tech Ventures, VC Fonds Technologie Berlin, and coparion, along with existing investor Target Partners.
Chris, which was launched in the European market in late 2018, is a digital co-driver, and has already established the world’s largest fleet of connected and voice AI enabled devices in cars on the streets today. Chris enables drivers to safely operate their Android phones using voice and gestures while driving, including messaging, navigation, calls and music.
“Why is ‘Chris’ so important?”, asked the leading automotive industry analyst Roger C. Lanctot. “Because the A-Team (Amazon, Alphabet, Apple, Alibaba) has made it clear to automakers that they won’t be segregating or shielding vehicle-based digital assistant users from broader customer aggregation act..
FAURECIA : ALL FINANCIAL TARGETS ACHIEVED DESPITE HEADWINDS IN H2 ; RECORD SALES, PROFITABILITY AND CASH – STRONG ORDER INTAKE ; PROPOSED DIVIDEND OF 1.25€ PER SHARE
FAURECIA : ALL FINANCIAL TARGETS ACHIEVED DESPITE HEADWINDS IN H2 ; RECORD SALES, PROFITABILITY AND CASH – STRONG ORDER INTAKE ; PROPOSED DIVIDEND OF 1.25€ PER SHARE Nanterre (France), February 18, 2019 FULL-YEAR 2018 RESULTS ALL FINANCIAL TARGETS ACHIEVED DESPITE HEADWINDS IN H2 RECORD SALES, PROFITABILITY AND CASH – STRONG ORDER INTAKE PROPOSED DIVIDEND OF… Continue reading FAURECIA : ALL FINANCIAL TARGETS ACHIEVED DESPITE HEADWINDS IN H2 ; RECORD SALES, PROFITABILITY AND CASH – STRONG ORDER INTAKE ; PROPOSED DIVIDEND OF 1.25€ PER SHARE
Ford’s New Take on Getting Parcels to Your Door Could Help Speed Deliveries, Ease Congestion and Improve Air Quality
Ford partners with delivery company Gnewt by Menzies Distribution (Gnewt) to trial new digital parcel courier service designed to help reduce congestion and offer faster deliveries Ford’s new cloud-based software identifies optimum places for van drivers to pull over near multiple drop-off points; pedestrian and, one day, cycle couriers perform last leg of delivery Gnewt… Continue reading Ford’s New Take on Getting Parcels to Your Door Could Help Speed Deliveries, Ease Congestion and Improve Air Quality
PSA accelerates in services in China
PSA signs a new operation in China. The French manufacturer announced on Monday to have taken a “significant stake” in FengChe, a specialist in “used vehicle management services in the local market”. The group will remain “minority shareholder”, PSA said the “Echoes” without revealing the amount of investment. of the “Push to Pass” strategic plan,… Continue reading PSA accelerates in services in China