SAN FRANCISCO, Feb 7 (Reuters) – Self-driving car startup Aurora has raised more than $530 million in fresh funding, bucking recent skepticism by investors and industry players that autonomous vehicle technology has been overhyped. Autonomous driving is one of the most capital intensive startup businesses, and such a large sum of money is critical for… Continue reading Startup Aurora gets $530 mln boost to build self-driving cars
Tag: Mobility
Best Cars Germany survey reveals Hyundai’s jump in brand image
Survey conducted by German car magazine AUTO MOTOR UND SPORT highlights the major increase in brand image for Hyundai Motor Hyundai recorded the biggest step up in advanced technology and environmentally friendly cars, according to survey results Readers scored Hyundai as the brand achieving the greatest rise in trustworthiness 6 February 2019 – In the… Continue reading Best Cars Germany survey reveals Hyundai’s jump in brand image
Another self-driving car startup is starting small, and that’s a good thing
Boston-based self-driving startup Optimus Ride said on Thursday that it will provide rides in its golf cart-sized vehicles to tenants of a $1.4 billion mixed-use development project in Reston, Virginia, starting later this year. It will be a very modest deployment of the technology — three vehicles on a fixed loop to and from the… Continue reading Another self-driving car startup is starting small, and that’s a good thing
Velodyne Executive Addresses How Velodyne Provides Breakthrough Lidar Technology for Autonomy and Driver Assistance
RÜSSELSHEIM, Germany–(BUSINESS WIRE)–Dr. Mircea Gradu, Sr. Vice President Quality and Validation at Velodyne Lidar, Inc., will deliver a featured presentation on lidar technology at the upcoming International VDI Conference – Automotive Sensor Systems in Munich, Germany on February 14. Gradu will review the critical success factors in testing and validation that lidar sensors must achieve… Continue reading Velodyne Executive Addresses How Velodyne Provides Breakthrough Lidar Technology for Autonomy and Driver Assistance
Jaguar Land Rover posts huge financial loss
Jaguar Land Rover has posted its fourth consecutive quarter of financial losses, losing £273m in between September and December 2018 on revenues of £6.2bn. The company declared a £90m loss for the financial quarter ending in September 2018, and lost £264m in the preceding quarter, while this latest quarterly loss is the company’s biggest ever.… Continue reading Jaguar Land Rover posts huge financial loss
Fully driverless cars could run on UK roads by end of the year
Fully driverless cars could run on UK roads by end of the year
Freudenberg Acquires Lithium Battery Maker XALT Energy
German company Freudenberg Sealing Technologies has increased its stake in Midland, Mich.-based XALT Energy from 31% in March 2018 to more than 50%, becoming a majority stakeholder of the company. Within a few years, Freudenberg intends to acquire the remaining shares. XALT Energy is a small lithium-ion battery developer and manufacturer, which supplies batteries, for example, for New… Continue reading Freudenberg Acquires Lithium Battery Maker XALT Energy
Chauffeur Privé to take on Uber in London – Financial Times
Chauffeur Privé to take on Uber in London Financial Times Chauffeur Privé, a Daimler-backed start-up that has emerged as the main challenger to Uber in France, is now taking on its rival in the UK as part of an ambitious … Go to Source Go to Source
Bosch boosts its AI expertise: center for data science and AI opens at leading Indian University of Madras
About Bosch The Bosch Group is a leading global supplier of technology and services. It employs roughly 410,000 associates worldwide (as of December 31, 2018). According to preliminary figures, the company generated sales from operations of 77.9 billion euros in 2018. Its operations are divided into four business sectors: Mobility Solutions, Industrial Technology, Consumer Goods,… Continue reading Bosch boosts its AI expertise: center for data science and AI opens at leading Indian University of Madras
Lime raises $310 million Series D round led by Bain Capital Ventures and others
Lime just announced it has raised a $310 million Series D round. Led by Bain Capital Ventures, Andreessen Horowitz, Fidelity Ventures, GV and IVP, the round values Lime at $2.4 billion. “This new investment demonstrates the fundamental strength of our business and the increasingly rapid adoption of Lime,” Lime CEO Toby Sun wrote in a… Continue reading Lime raises $310 million Series D round led by Bain Capital Ventures and others