Bestmile, a transportation software startup, has raised $16.5 million in a Series B round led by Blue Lagoon Capital and TransLink Capital. Existing investors Road Ventures, Partech, Groupe ADP, Airbus Ventures, Serena and others also participated in the round. The company, which launched in 2014, has raised $31 million to date. Bestmile has developed fleet… Continue reading Bestmile raises $16.5 million to manage human and AI-driven fleets
Tag: Mobility
MG Motor UK appoints Crewe dealership to its dealer network
MG Motor UK has added Crewe-based dealership Grenson Motor Co. to its dealer network. With a history dating back over 40 years, Grenson Motor Co. is a well-established franchised dealership with a wealth of experience in the industry. Sean Pattinson, sales director at Grenson Motor Co., said: “Although we had no previous history with MG,… Continue reading MG Motor UK appoints Crewe dealership to its dealer network
Car industry continues worldwide downward trend in Q2: Ernst & Young study
BERLIN, Aug. 28 (Xinhua) — The downward trend in the global auto industry in the second quarter (Q2) of this year continued, according to an analysis of the key financial figures of the world's 16 largest auto groups presented by auditing and consulting firm Ernst & Young (EY) in Frankfurt on Wednesday.
“The global automotive industry is experiencing a sales and profit crisis that is still primarily cyclical,” said Constantin Gall, head of Automotive and Transportation at EY.
According to the study, total profits of the world's 16 largest automotive groups had fallen 18 percent in Q2 of 2019.
The number of vehicles sold declined in all major markets and led to five percent global decline in sales, with only Mitsubishi, Honda, Toyota and BMW selling more new cars than a year ago.
French and U.S. car manufacturers recorded the sharpest declines in vehicles sold, of ten percent and nine percent respectively.
Among the largest automobile groups, Toyota was “slightly ahead” of Vo..
State Road Rules: A Troubling Patchwork of Regulations
By Charity Allen, Aurora’s Head Regulatory Counsel Within the self-driving industry, we talk a lot about working together to enact clear and consistent rules for regulating autonomous vehicles. Without these rules, we’ll likely see a proliferation of individual state regulations — in fact, we already see that happening. Currently, 29 states have passed some kind… Continue reading State Road Rules: A Troubling Patchwork of Regulations
Driven by Waymo, Designed with Trust
By: Ryan Powell, Head of UX Research & Design We’ve had members of the public riding in our fully self-driving vehicles for over two years, first as part of our early rider program and more recently through our Waymo One commercial ride-hailing service. Now, we have over a thousand riders in Waymo One, some who… Continue reading Driven by Waymo, Designed with Trust
Autonomous air transport startup Elroy Air completes first flights of large cargo VTOL
SF-based Elroy Air hopes to transform bulk air cargo shipping with its ‘Chapparal’ vertical take-off and landing craft, the first version of which will be able to carry 250 lbs of cargo as far as 300 miles. The startup, which was founded in 2016 by experienced professionals with track records of working in UAS (uncrewed… Continue reading Autonomous air transport startup Elroy Air completes first flights of large cargo VTOL
Anthony Levandowski pleads not guilty to charges of Google trade theft and is released, with an ankle monitor, after posting $2 million bond (GOOG, GOOGL, UBER)
SAN JOSE — Anthony Levandowski, the self-driving car technologist at the center of a now-settled dispute between Google and Uber, pleaded not guilty Tuesday afternoon to charges that he stole trade secrets and attempted to steal others. Appearing in federal court here for his arraignment following his indictment by federal prosecutors earlier in the day,… Continue reading Anthony Levandowski pleads not guilty to charges of Google trade theft and is released, with an ankle monitor, after posting $2 million bond (GOOG, GOOGL, UBER)
SpotHero raises $50 million in Series D funding
SpotHero is planning to deepen technology stack to standardize and optimize access to parking throughout North America. New Delhi: SpotHero, a digital parking solutions provider has raised $50 million in Series D funding, claims the company in a release. The funding move was led by Macquarie Capital, bringing SpotHero total funding of $118 million till… Continue reading SpotHero raises $50 million in Series D funding
Porsche Consulting: New Mobility on the Data Highway
1. All information offered on Porsche Newsroom, including but not limited to, texts, images, audio and video documents, are subject to copyright or other legislation for the protection of intellectual property. They are intended exclusively for use by journalists as a source for their own media reporting and are not intended for commercial use, in… Continue reading Porsche Consulting: New Mobility on the Data Highway
Toyota pulls Suzuki firmly into its orbit through stake deal
TOKYO (Reuters) – Toyota Motor Corp (7203.T) and Suzuki Motor Corp (7269.T) will take small equity stakes in each other, the Japanese car makers said on Wednesday, as they seek to develop newer technologies and meet sweeping changes upending the global auto industry. FILE PHOTO: The logo of Toyota is pictured at the Bangkok Auto… Continue reading Toyota pulls Suzuki firmly into its orbit through stake deal