Checking stock before it gets sent to buyers. Photo credit: Leflair APAC Mining, NiYO, and Leflair were a few of the startups that announced funding in Asia Pacific today, while news emerged of Line’s plans to support cryptocurrencies. Fintech Lendingkart secures US$4.7 million in debt funding (India). The online lender for small businesses netted the… Continue reading Asia tech news roundup – Jan 10
Tag: M and A
New infotainment system with innovative address system: Daimler invests in what3words
Investment expands cooperation with the start-up New models from the compact class are first to use the address system Navigation destination easy to input with three words Stuttgart – Daimler AG is expanding cooperation with the start-up what3words. As part of the move, the company took part in a round of financing by what3words and… Continue reading New infotainment system with innovative address system: Daimler invests in what3words
Bosch Group sells starter motor division to ZMJ
The Bosch Group’s well-established starter motor and generator division has completed its transition to an independent company and will operate as SEG Automotive, effective immediately, including the local division SEG Automotive India. The company’s new owner is Zhengzhou Coal Mining Machinery Group Co (ZMJ) and an investment group. SEG Automotive India is an integral part… Continue reading Bosch Group sells starter motor division to ZMJ
Renault-Nissan-Mitsubishi launch $1 bln venture capital fund
TOKYO, Jan 10 (Reuters) – The Renault-Nissan-Mitsubishi alliance said it is setting up a venture capital fund that plans to invest as much as $1 billion over five years, the latest move by major carmakers as they seek to adapt to rapid industry change by investing in startups. It is set to be largest corporate… Continue reading Renault-Nissan-Mitsubishi launch $1 bln venture capital fund
Visteon and Guangzhou Automobile Group of China Automotive Engineering Institute Sign Strategic Cooperation Agreement for Autonomous Driving and Cockpit Electronics Development
LAS VEGAS, Jan. 9, 2018 /PRNewswire/ — Visteon Corporation (Nasdaq: VC), a global leader in automotive cockpit electronics, today signed a strategic cooperation agreement with Guangzhou Automobile Group Co., Ltd. Automotive Engineering Institute (GAC Engineering), a leading China-based vehicle manufacturer, to develop and deploy autonomous driving and other cockpit electronics solutions. Under the agreement, both companies will collaborate on the development… Continue reading Visteon and Guangzhou Automobile Group of China Automotive Engineering Institute Sign Strategic Cooperation Agreement for Autonomous Driving and Cockpit Electronics Development
Renault-Nissan-Mitsubishi launches a venture capital fund to invest up to $1 billion over five years
Alliance ventures to prioritize next-generation mobility with $200 million year-one funding New entity to act as main interface for start-ups, investors and the venture capital ecosystem Fund prioritizes open innovation in new mobility, including electrification, autonomous systems, connectivity and artificial intelligence First deal to be a strategic investment in Ionic Materials, a US company developing… Continue reading Renault-Nissan-Mitsubishi launches a venture capital fund to invest up to $1 billion over five years
Ford lays out grand vision for a self-driving car future
LAS VEGAS — Ford CEO Jim Hackett offered an ambitious vision for the automaker’s self-driving vehicle business strategy Tuesday, depicting a future that will be as much as about networks of cars and traffic signals as any particular models. Ford CEO James Hackett smiles while getting ready for an interview next to a self-driving delivery… Continue reading Ford lays out grand vision for a self-driving car future
Intel, Mobileye unveil first autonomous car
The CEO of Intel Corp. Brian Krzanich unveiled the US semiconductor giant’s first autonomous car and announced a new collaboration with China’s carmaker SAIC Motor, during a keynote opening address at the 2018 Consumer Electronics Show (CES) in Las Vegas. The car includes 12 cameras, radars, laser scanners and computing technologies developed by Mobileye and… Continue reading Intel, Mobileye unveil first autonomous car
BRIEF-Qualcomm, Ford Partner On C-V2x Global Initiative
Jan 9 (Reuters) – Qualcomm Technologies: * QUALCOMM AND FORD COLLABORATE ON C-V2X GLOBAL INITIATIVE TO IMPROVE VEHICLE SAFETY, TRAFFIC EFFICIENCY AND SUPPORT FOR AUTONOMOUS DRIVING * SAYS CELLULAR VEHICLE-TO-EVERYTHING TECHNOLOGY PLANNED FOR FURTHER FIELD VALIDATIONS BEGINNING H1 2018 * SAYS QUALCOMM 9150 C-V2X CHIPSET IS EXPECTED TO BE COMMERCIALLY AVAILABLE SECOND HALF OF 2018… Continue reading BRIEF-Qualcomm, Ford Partner On C-V2x Global Initiative
Honda Xcelerator Startups Demonstrate Future Mobility Solutions
LAS VEGAS, Jan. 9, 2018 – Six technology startups are partnering with Honda Xcelerator at CES 2018 to demonstrate technologies that have the potential to transform mobility, focusing on challenges posed by autonomous vehicles and advanced connected cars. Honda is featuring partnerships with BRAIQ, DeepMap, DynaOptics, EXO Technologies, Tactual Labs, and WayRay at Honda’s Global… Continue reading Honda Xcelerator Startups Demonstrate Future Mobility Solutions