Volvo Cars has launched a new investment fund aimed at investing in high potential technology start-ups around the globe. The aim of the Volvo Cars Tech Fund is to invest in strategic technology trends that are transforming the industry, such as artificial intelligence, electrification, autonomous driving and digital mobility services. The first strategic investment as… Continue reading Volvo Cars bets big on tech start-ups, launches investment fund
Tag: Strategy
Volvo Cars launches investment fund aimed at technology start-ups
Volvo Cars launches investment fund aimed at technology start-ups Volvo Cars, the premium car maker, has launched a new investment fund aimed at investing in high potential technology start-ups around the globe. The aim of the Volvo Cars Tech Fund is to invest in strategic technology trends that are transforming the industry, such… Continue reading Volvo Cars launches investment fund aimed at technology start-ups
Aurora raises $90M Series A, adds Reid Hoffman and Mike Volpi to its board
Self-driving car startup Aurora has raised $90 million in a Series A round, with participation from both Greylock Partners and Index Ventures. The new funding adds to its available cash and will make it possible for the young startup to scale more quickly, but Aurora CEO Chris Urmson told me that the most important part… Continue reading Aurora raises $90M Series A, adds Reid Hoffman and Mike Volpi to its board
Xavier Duchemin appointed new Executive Director Sales Opel/Vauxhall Europe
Xavier Duchemin appointed new Executive Director Sales Opel/Vauxhall Europe 2018-02-28 Rüsselsheim. Opel/Vauxhall has appointed Xavier Duchemin as new Executive Director Sales Opel/Vauxhall Europe effective March 1, 2018. He will succeed Ian Hucker, who will take over the position as Managing Director Peugeot, Citroën, DS Automobiles in Austria and Switzerland. Duchemin was born in 1966 and… Continue reading Xavier Duchemin appointed new Executive Director Sales Opel/Vauxhall Europe
UAW trust move puts GM board seat at risk
Former UAW Vice President Joe Ashton (Photo: General Motors Co.) The United Auto Workers’ retiree health care trust intends to sell 40 million of its shares in General Motors Co., imperiling the trust’s ability to replace retired UAW Vice President Joe Ashton on the automaker’s board of directors. The UAW Retiree Medical Benefits Trust —… Continue reading UAW trust move puts GM board seat at risk
Hyundai’s Kona Electric SUV boasts a 292-mile range
Hyundai Hyundai’s newly bolstered EV strategy might be off to a good start. It just unveiled the Kona Electric, an adaptation of its crossover SUV that promises to combine both ample space with meaningful performance. The base edition’s 186-mile range and 9.3-second 0-62MPH time won’t raise eyebrows, but a long-range version can muster a 292-mile… Continue reading Hyundai’s Kona Electric SUV boasts a 292-mile range
FleetUp Announces New Chief Executive Officer and Raises $20 Million in Funding
MILPITAS, Calif., Feb. 27, 2018 /PRNewswire/ — FleetUp, the premier provider of ELD/HOS compliance solutions for intelligent fleet management, today announced the completion of $20 million in funding led by HUMAX (KOSDAQ listed $1.5B Revenue). In a strategic effort to drive FleetUp’s aggressive business expansion, HUMAX placed its corporate chief strategy officer and president of HUMAX Americas… Continue reading FleetUp Announces New Chief Executive Officer and Raises $20 Million in Funding
This is what happened around the world in Urban Mobility
This is what happened around the world in Urban Mobility Welcome to the weekly news roundup by Splyt, the place where you can find the most important news in the Urban Mobility space. This week, we have divided the headlines geographically. We hope you enjoy the read! MENASA: Careem, Moovit Following the trend of ride-hailing platforms offering… Continue reading This is what happened around the world in Urban Mobility
CEO of Geely-owned Volvo Cars loses board seat at truck maker after Li Shufu buys Daimler stake
Swedish truck maker AB Volvo dropped the chief executive of Volvo Cars from its board after Chinese billionaire Li Shufu, founder and chairman of Zhejiang Geely Holding Group, bought a 9.7 per cent stake in German car manufacturer Daimler. The move is the latest sign that the global auto industry is ratcheting up pressure on… Continue reading CEO of Geely-owned Volvo Cars loses board seat at truck maker after Li Shufu buys Daimler stake
Pony.ai Launches Autonomous Vehicle Fleet in China, Announces Strategic Partnership with Top OEM Guangzhou Automobile Group
FREMONT, Calif., Feb. 27, 2018 /PRNewswire/ — Earlier this month, Pony.ai held a special event in China during which it launched its autonomous ride-sharing fleet, becoming the first company to offer self-driving car rides on city roads to the general public in China. Event attendees were able to experience Pony.ai’s fully self-driving cars on a 2.8km… Continue reading Pony.ai Launches Autonomous Vehicle Fleet in China, Announces Strategic Partnership with Top OEM Guangzhou Automobile Group