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    Auto parts to software ecosystem: Does Aptiv and Wind River merger make sense?
    Well-known auto parts maker Aptiv acquired automotive and IoT software developer Wind River on 11 January 2022. This is the first automotive acquisition of this year. This deal is the biggest since 2017 and the divergence of Delphi by Aptiv. Aptiv Aptiv PLC, formerly known as Delphi Automotive...
    Electrical steel: Another temporary supply chain shortage or a threat to OEMs’ electrification plans?
    This report has contributions from xEL Mobility and Metals Technology Consulting. As the automotive industry battles the semiconductor shortages, which have prevented the production of 9.3 million units to date, the rapid expansion in growth of EV sales raises questions about the future availabil...
    Startup what3words gets USD10 million funding from Brand Capital International
    what3words has received USD10 million funding from Brand Capital International, it said in a 20 December press release. The funding will help support the startup’s expansion across India. Brand Capital International will also be offer strategic guidance, marketing support, and assistance with deve...
    21-Dec-2021 News Investments
    Cybersecurity startup Karamba raises USD10 million in extension to Series B round
    Karamba Security has raised USD10 million in new funding in an extension to its Series B financing round, the Israel-based startup said in a press release on 2 December. VinFast led the investment with participation from SVIC, and existing investors like YL ventures, Fontinalis Partners, Liberty Mut...
    03-Dec-2021 News Investments
    Foxconn Interconnect Technology invests USD10 million in Autotalks for V2X rollout
    Foxconn unit Foxconn Interconnect Technology (FIT) has invested USD10 million in Autotalks, CTech reported on 23 November. The companies will work to accelerate vehicle-to-everything (V2X) penetration across automotive and micro-mobility segments, using Autotalks' automotive V2X technology and the Z...
    24-Nov-2021 News Investments
    Volvo Cars Tech Fund invests in start-up Spectralics
    Volvo has invested in optical and imaging technology start-up Spectralics, it said in a press release on 23 November. Volvo made the investment through its venture capital investment arm, Volvo Cars Tech Fund. The startup focuses on next generation in-vehicle user experience. “Spectralics is an...
    24-Nov-2021 News Investments
    ZF inaugurates engineering technical center in West Midlands, UK
    ZF officially opens its new purpose-built technical and office facility at Blythe Valley Business Park Solihull, according to an official press release dated 18 November. The site showcases cutting-edge technology and infrastructure for developing advanced solutions for a future of autonomous, elect...
    22-Nov-2021 News Investments
    Toyota invests USD6 million at American Center for Mobility
    Toyota is looking to make an additional USD6-million investment on the American Center for Mobility (ACM), the company said in a press release on 10 November. The investment will be broken down as USD3.5 million in a five-year lease for exclusive on-campus facilities, plus an additional estimated US...
    12-Nov-2021 News Investments
    Toyota makes USD30-million investment over five years at Collaborative Safety Research Center
    Toyota has committed an investment of USD30 million over the next five years for Collaborative Safety Research Center (CSRC), it said in a press release on 9 November. This will keep its plans on track for its next phase of automotive safety projects. “Humans are at the center of Toyota’s tec...
    10-Nov-2021 News Investments
    Mainland Chinese firm Qihoo 360 Technology to invest USD451 million in Hozon Auto
    Mainland Chinese internet security company Qihoo 360 Technology has announced plans to invest CNY2.9 billion (USD451 million) in Hozon Auto, Pandaily reported on 19 October. This will make Qihoo 360 making it the second-largest shareholder (around 16%) in NETO Auto, a brand under Hozon. Qihoo’s in...
    20-Oct-2021 News Investments
    Startup Sheeva.AI inks deals to expand its connected vehicle technology, open API platform
    Sheeva.AI has closed an investment round led by Hagiwara Electronics and the Aggarwal Family of the Sterling Group, it said in a press release on 5 October. The investment will help increase the adoption of its connected vehicle technology and Open API platform for automation of location-based servi...
    11-Oct-2021 News Investments
    Startup ryd gets USD11.9 million investment from bp Ventures
    bp Ventures has announced that it will invest EUR10 million (USD11.9 million) in ryd, according to a company press release on 7 September.  The investment will help the startup venture into new international markets and enhance its offerings. “In-car digital payments are an integral part o...
    10-Sep-2021 News Investments
    GM Ventures invests in emergency response company RapidDeploy
    GM Ventures has participated in the USD40 million in Series B funding round for public safety technology company RapidDeploy, it said in a press release on 10 August. The investment will help RapidDeploy improve situational awareness with a cloud-native, data-driven solution and enable next-generati...
    11-Aug-2021 News Investments
    Automotive software startup Sonatus raises USD35 million in series A funding
    Sonatus has announced a fund raising of USD35 million in Series A round, according to its press release on 21 July. The round was led by Translink Capital, with participation from Kia, SAIC Capital, LG Electronics, Marvell, UMC Capital, and Wanxiang Group Company. Sonatus said that the funds will...
    22-Jul-2021 News Investments
    General Motors invests over USD71 million in new advanced design center in California
    American car maker General Motors (GM) has announced an investment of over USD71 million to establish a new campus in Pasadena, California, for GM’s Advanced Design Center operations. According to a press release issued by GM on 13 July, the company stated that this new eight-acre facili...
    16-Jul-2021 News Investments
    GM expands China design studio to focus on EVs, smart cars
    US carmaker General Motors has expanded its design studio in China, which will focus only on developing electric and connected cars, the company’s Chinese arm said in a press release on 5 July. “As a leading vehicle design facility and an important part of the GM global design network, i...
    06-Jul-2021 News Investments
    BMW i Ventures earmarks additional USD300 million to invest in startups
    German premium carmaker BMW AG has set up a second corporate venture fund, BMW i Ventures Fund II, earmarking USD300 million to finance new and upcoming startups that are focused on futuristic technologies around sustainability, advanced manufacturing and future transportation, the company announced...
    02-Jul-2021 News Investments
    Startup BreezoMeter raises USD30 million in Series C round of funding
    Breezometer has closed USD30 million funding in its Series C round, the company said in a press release on 28 June. The new funding takes its total amount raised to date to USD45 million. The round was led by Fortissimo Capital, Entrée Capital as well as existing investors JumpSpeed Ventures, Launc...
    29-Jun-2021 News Investments
    Porsche Engineering opens second R&D location in Timișoara, Romania
    Technology service provider and wholly owned subsidiary of Porsche, Porsche Engineering, has inaugurated a new research and development site in Timișoara, Romania. According to a press release issued by Porsche on 15 June, the company is planning to employ primarily software development and testing...
    21-Jun-2021 News Investments
    Startup Beijing Sinoits Tech raises between USD3–5 million in pre-series A round
    Mainland China-based startup Beijing Sinoits Tech has raised USD3 million to USD5 million in a pre-Series A funding round, Nikkei reported on 15 June, citing 36Kr. The company develops vehicle recognition technology. The funding was led by Seashell Capital with participation from Qualcomm Ventures. ...
    15-Jun-2021 News Investments
    Upstream Security raises USD36 million from Mitsui Sumitomo Insurance
    Cybersecurity startup Upstream Security has raised USD36 million from Mitsui Sumitomo Insurance (MSI), it said in a press filing on 20 May. The investment is part of Upstream’s C round of fundraising, which has also seen participation from I.D.I. Insurance Company. The partnership will see insu...
    21-May-2021 News Investments
    Audi launches initiative for digital factory transformation in Heilbronn, Germany
    Audi is launching the ‘Automotive Initiative 2025’ to establish a world-leading competence network for digital factory transformation and innovation as per a press release on company’s website dated 30 May. In Neckarsulm, Germany, the Audi site will assume a central role as a pilot fac...
    04-May-2021 News Investments
    Bosch subsidiary, ETAS, expands embedded software center in UK
    ETAS has signed an agreement with the UK Government to expand the software center in the city of York, it said in a press release on 29 March. The Bosch unit will make an undisclosed yet significant investment to expand the center of excellence. “We have decided to expand this centre in York fo...
    05-Apr-2021 News Investments
    Updated MINI app to be launched in 21 countries worldwide
    The MINI App—first introduced in July 2020 and launched in 33 markets (mainly in Europe), has been updated and now made available in the United States, Russia, Japan, Australia, and 17 other countries, and will be offered in Mainland China from April 2021, according to a company press release...
    01-Apr-2021 News Investments
    what3words raises about USD16.6 million
    what3words has raised nearly GBP12 million (USD16.6 million) from Ingka Investments, it said in a press release on 24 March. Ingka which owns and operates IKEA. The investment will be used to launch what3words in new markets globally and develop within e-commerce and logistics sectors. “We are ...
    25-Mar-2021 News Investments
    Startup CerebrumX completes Series A financing round led by LG Technology Ventures and Cerence
    CerebrumX has closed a Series A funding round led by LG Technology Ventures with participation by Cerence, the startup said in a press release dated 4 March. CerebrumX plans to use the funds by investing in research and dveleopment (R&D), cloud infrastructure, and an onboarding ecosystem partner...
    16-Mar-2021 News Investments
    HELLA opens new development center in Romania for software and electronics
    HELLA has opened a new test and development center at the Craiova site in Romania, Germany-based lighting and electronics supplier said in a press release on 10 March 2021. The new building in Craiova offers approximately twice as much space as the previous premises. With this step, HELLA is creatin...
    12-Mar-2021 News Investments
    EDAG begins construction of new test center in Munich, Germany
    The EDAG Group, an engineering service provider for the mobility industry, has begun construction a new test center at the ‘Waldmeisterstraße’ site in Munich, Germany, according to a company press release on 2 March 2021. The center is expected to be completed in the coming months. EDAG's 140 E...
    03-Mar-2021 News Investments
    Geely-backed ECARX raises over USD200 million in Series A+ funding
    ECARX has raised over USD200 million in a Series A+ fundraising round, Yicai Global reported on 25 February. The round was led by investment company China Reform Holdings Corp and the funds will be used for research and development (R&D) in automotive chips, smart cockpits, intelligent driving, ...
    26-Feb-2021 News Investments
    KDDI invests in startup Swift Navigation
    KDDI has made an undisclosed investment via KDDI Open Innovation Fund 3 in Swift Navigation, the company announced in a press release on 10 February. Swift Navigation offers GNSS positioning solutions for autonomous vehicles, centimeter precise positioning for range of autonomous applications in aut...
    25-Feb-2021 News Investments
    V2X startup AUTOCRYPT raises about USD13 million in Series A funding round
    AUTOCRYPT, a startup focused on vehicle-to-everything (V2X) technologies, has raised nearly USD13 million in Series A funding round, according to an official press release on 9 February. The investors included KB Investment, Pathfinder H, Ulmus Investment, Korea Asset, Hyundai Venture Investment Cor...
    10-Feb-2021 News Investments
    Porsche Ventures invests in AI startup Cresta
    Porsche Ventures has announced an investment in artificial intelligence company Cresta, company said in a press release on 29 January. The amount was not disclosed. Cresta's software will be rolled out across Porsche Cars North America and Porsche Financial Services online platforms. “Porsche a...
    01-Feb-2021 News Investments
    Connected car startup Motorq raises USD7 million in Series A funding
    Motorq has closed a Series A funding round worth USD7 million, the company said in a press release on 17 December. The round was led by Story Ventures with participation from existing investors FM Capital and Monta Vista Capital as well as a new strategic investor in Avanta Ventures. The company ...
    04-Jan-2021 News Investments
    Daimler to establish Global Technology Hub in Istanbul in 2021
    Germany-based automaker, Daimler AG, will be establishing a global IT solutions delivery center (SDC) in the Turkish capital of Istanbul. According to a press release from the Investment Office of the Republic of Turkey on 15 December, Daimler announced that its SDC in Istanbul will establish the Da...
    31-Dec-2020 News Investments
    Renesas and FAW establish joint laboratory in Changchun, mainland China
    On 1 December 2020, Japanese semiconductor company Renesas Electronics and Chinese automaker FAW Group established a joint laboratory in Changchun, Jilin Province, mainland China, to accelerate development of next-generation intelligent driving vehicles, the two companies said in a joint press relea...
    18-Dec-2020 News Investments
    Software startup DSP Concepts receives USD3 million investment from SUBARU-SBI Innovation Fund
    DSP Concepts has received a USD3 million investment from the SUBARU-SBI Innovation Fund, the company said in a press release on 10 December. The current investment takes the funding to USD28.4 million from investors including Taiwania Capital, Porsche Digital, Innovation Growth Ventures/Sony Innovat...
    11-Dec-2020 News Investments
    UK’s connected and automated vehicles testing site ASSURED CAV to begin operations in March 2021
    ASSURED CAV, the connected and automated vehicle (CAV) testing ecosystem that HORIBA MIRA is establishing is nearing completion and scheduled to start operations from March 2021, the UK-based automotive engineering services provider said in a press release on 25 November. The new ecosystem, currentl...
    07-Dec-2020 News Investments
    Mobility platform startup RideCell raises funding from Fort Ross Ventures
    Ridecell has announced an undisclosed investment from Fort Ross Ventures, a company press release on 19 November read. The investment will allow the startup to expand its fleet operations platform, to strengthen European operations, and venture into new markets. “Ridecell is experiencing an acc...
    23-Nov-2020 News Investments
    Denso invests Lambda:4 to strengthen safety and security of digital key
    Denso has invested in Lambda:4, a Germany-based company that develops wireless positioning technologies for short-range applications using Bluetooth Low Energy (BLE) communication technology, the company said in a press release on 12 November. The strategic investment is expected to strengthen Denso...
    13-Nov-2020 News Investments
    Vodafone to build private 5G network at HORIBA MIRA’s headquarters in UK
    HORIBA MIRA has partnered with Vodafone to bring next-generation 5G network at its headquarters in Nuneaton, UK, the company said in a press release on 2 November. As part of the partnership, Vodafone will build and deploy a 4G and 5G mobile private network at HORIBA MIRA’s headquarters. Vodafo...
    04-Nov-2020 News Investments
    Audi opens first Software Development Center in Ingolstadt, Germany
    Audi has opened its first ‘Software Development Center’ (SDC) in Ingolstadt, Germany, the automaker announced in a press release on 6 October. Audi’s SDC will focus on developing smart, scalable, customer-centric, and secure IT solutions in-house. “Thanks to the Software Development Cente...
    07-Oct-2020 News Investments
    Automotive software startup Aurora Labs raises USD23 million in Series B funding
    Israeli startup Aurora Labs has raised USD23 million in Series B funding, it said in a press release on 22 September. The round was jointly led by LG Technology Ventures and Marius Nacht, cofounder of Check Point Software Technologies. Porsche SE, Toyota Tsusho, UL Ventures, and existing investors p...
    23-Sep-2020 News Investments
    HELLA establishes ‘Global Software House’ to align software activities across the company
    HELLA has established a new ‘Global Software House’ to further expand its global software competencies, Germany-based lighting and electronics expert said in a press release on 9 September 2020. The Global Software House is managed by the Berlin subsidiary and software specialist HELLA Aglaia. T...
    10-Sep-2020 News Investments
    Startup Kymeta raises USD85 million
    Kymeta has announced the successful fund raising of about USD85 million, led by Bill Gates with members of the leadership team personally investing about USD1 million led by Executive Chairman, Doug Hutcheson, the company said in a press release on 25 August. “As a company, we’re just scratch...
    25-Aug-2020 News Investments
    Connected car data startup Wejo raises EUR10 million
    UK-based Wejo has raised EUR10 million (USD11.7 million), the connected car data startup said in a press release on 3 August. The round was led by DIP Capital LLP and included the UK government’s Future Fund. Wejo says the new funds will enable the group’s development with new global automotive ...
    04-Aug-2020 News Investments
    Cybersecurity startup Cybellum closes USD12 million Series A funding round
    Israel-based startup Cybellum has raised USD12 million, it said in a press release on 28 July. The funding round was led by RSBG Ventures with additional investment from Blumberg Capital and Target Global. The investment will boost Cybellum’s growth through expanding its sales, marketing, and e...
    31-Jul-2020 News Investments
    AVIN Waterloo Ventures at Communitech names 10 startups to its second cohort
    Autonomous Vehicle Innovation Network (AVIN) Waterloo Ventures at Communitech has picked 10 startup companies focused on autonomous vehicle technology and connected transportation solutions to its second cohort, a press release read on 28 July.  The startups will get investment and mentorship f...
    30-Jul-2020 News Investments
    Startup ClimaCell raises USD23 million
    Climacell has raised USD23 million, Bloomberg reported on 28 July. The funding round was led by Square Peg Capital, and is backed by ClimaCell is also backed by SoftBank Group Corp. “We decided to take it because we believe we know what to do with the money. We know how to grow our sales in the...
    29-Jul-2020 News Investments
    BMW i Ventures invests in startup GenXComm to increase speed of 5G deployment
    BMW i Ventures has announced an investment in US-based startup GenXComm, a company press release read on 28 July. The startup aims to significantly increase the speed of global 5G deployment. “GenXComm is ushering in the next revolution of computing and connectivity. Autonomous systems, li...
    29-Jul-2020 News Investments
    CY Vision raises USD5 million
    CY Vision has raised an additional USD5 million to launch its novel approach to 3D Augmented Reality in the vehicular head-up display (HUD) market. This funding was led by Revo Capital and the company’s investors include Intel Capital, Koc Holding, and Vestel Ventures, according to a press release...
    22-Jul-2020 News Investments
    Connected vehicle startup Sibros closes USD12 million in Series A funding
    Connected vehicle platform startup Sibros has announced a USD12 million Series A funding, a company press release read on 20 July. The round was led by Nexus Venture Partners with participation from Moneta Ventures and Twin Ventures. Sibros said the funds will be used to expand its product offeri...
    21-Jul-2020 News Investments
    Hyundai Mobis invests USD20 million in VC funds with aim to secure future mobility technologies
    Hyundai Mobis has announced investment of USD20 million in two US-based funds, ACVC Partners and MOTUS Ventures, the South Korean automotive supplier said in a press release on 2 July. Both ACVC MOTUS are early stage venture capital firms and deemed to have a good eye for discovering the promising t...
    03-Jul-2020 News Investments
    POLICY: UK government funds R&D projects on communications, 5G and autonomous vehicles
    The UK government has offered GBP44 million (USD54.2 million) in funding for a project in South Wales, according to a press release by GOV.UK on 26 June. The project called, CSconnected, will be led by the Cardiff University, is expected to strengthen emerging industries in South Wales. It will deli...
    30-Jun-2020 News Investments
    Automated driving technology startup AImotive raises USD20 million
    Automated driving technology startup AImotive has announced a funding of USD20 million, a company press release on 22 June read. The round was led by Lead Ventures and was supported by existing investors such as Robert Bosch Venture Capital, B Capital Group, Prime Ventures, Inventure, Samsung Cataly...
    23-Jun-2020 News Investments
    Connected car data startup Viaduct raises USD11 million in Series A funding round
    Connected car data startup Viaduct has raised USD11 million in its Series A funding round, the company said in a press release on 10 June. The round was led by Innovation Endeavors, while other participants included Exor Seeds and Box Group. Viaduct processes, utilizes, and eventually monetizes c...
    12-Jun-2020 News Investments
    Continental invests over USD37 million to expand Romanian R&D center
    Germany-based automotive components and systems manufacturer Continental has announced that it will be expanding its research and development (R&D) center located at Timișoara in Romania. According to a press statement issued by Continental on 2 June, the company will invest over EUR33 million ...
    11-Jun-2020 News Investments
    Israel-based GPS security startup infiniDome closes USD1.6 million funding
    infiniDome has raised USD1.6 million in its Seed round of funding and opened its Pre-series A round, the company said in a press release on 10 June. Investors for the seed round were Boundary Holding of India and Luxemburg, Next Gear Ventures of Israel, and Aston Partners of New York. The funding wi...
    11-Jun-2020 News Investments
    Salesforce Ventures invests in automotive cyber-security startup Upstream Security
    Automotive cyber-security startup Upstream Security has raised an undisclosed amount from Salesforce Ventures for its Series B funding round, the Israeli company said in a press release on 9 June.  The partnership between the two companies will enable the development of real-time end-to-end dat...
    10-Jun-2020 News Investments
    Continental to invest USD36.7 million to expand R&D center in Romania
    German automotive parts supplier Continental announced plans to invest EUR33 million (USD36.7 million) to expand its research and development (R&D) center in Timisoara, Romania, according to a company press release on 2 June. According to the report, the company has already started working on th...
    03-Jun-2020 News Investments
    Baidu completes building R&D center in China to test autonomous driving and V2I systems
    Baidu has completed the construction of a research and development (R&D) center in Beijing to test autonomous driving and vehicle-to-infrastructure (V2I) communication, the South China Morning Post reported on 28 May. The 13,500-square-meter center, called Apollo Park, in Beijing’s Yizhuang Ec...
    01-Jun-2020 News Investments
    Connected car data startup Otonomo closes USD46 million in Series C funding
    Israel-based startup Otonomo has raised USD46 million in Series C funding, bringing the total funding to USD82 million, the company said in a press release on 30 April. The round included investments from SK Holdings, Avis Budget Group, and Alliance Ventures, as well as participation from exist...
    05-May-2020 News Investments
    INVESTMENT: Hongqi starts building new plant in Jilin province, China for NEVs
    Chinese automaker FAW’s brand Hongqi has started construction of a new plant for new energy vehicles (NEV) in Jilin province in China, China Daily reported on 15 April. Hongqi is investing CNY7.8 billion (USD1.1 billion) in the new plant. The plant will have a capacity to build 200,000 vehicles a ...
    20-Apr-2020 News Investments
    Israel-based AI startup Anagog raises USD10 million in Series-C financing round
    Anagog has announced that it has raised an initial USD10 million in Series-C funding, a company press release on 31 March showed. The financing round was co-led by IN Venture, the corporate venture capital arm of Sumitomo Corporation as well as existing investor MizMaa. Continental was the other inv...
    14-Apr-2020 News Investments
    Hyundai Mobis to establish new technical center in India for autonomous vehicles software development
    South Korean auto parts supplier Hyundai Mobis announced plans to establish a new technical center in India to develop software for autonomous vehicles, according to a report by Yonhap News Agency on 13 April. The center will focus on the development of recognition algorithms for cameras, radars&nbs...
    13-Apr-2020 News Investments
    INVESTMENT: Toyoda Gosei invests in IoT service provider Uhuru
    Toyoda Gosei Co has made an investment in Uhuru Corp, the company said in a press release on 8 April. Uhuru provides solutions using data in cloud computing and edge devices. The details of the investment were not disclosed. The collaboration will allow Toyoda Gosei to enhance value in products a...
    09-Apr-2020 News Investments
    Connected car startup High Mobility gets multi-million euro investment
    German connected car data startup High Mobility has raised a multi-million euro investment for its car data platform, Tech.eu reported on 13 March. The round was led by Deutsche Automobil Treuhand (DAT) and was joined by existing investors Fabian von Kuenheim and the Berlin-based VC firm IBB Beteili...
    16-Mar-2020 News Investments
    INVESTMENT: Geely forays into satellite production to facilitate highly autonomous and connected driving
    Geely Holdings Group has started construction of an intelligent satellite production and testing center in Taizhou City, Zhejiang Province, China, the Chinese automotive group said in a press release last week. The new facility, to be operated under Geely Technology Group, will include a modular sat...
    09-Mar-2020 News Investments
    Porsche Ventures among companies to invest USD14.5 million in software company DSP Concepts
    Porsche Ventures has said that US-based software start up DSP Concepts raised a Series B investment worth USD14.5 million, a company press release showed. Taiwania Capital led the financing round and apart from Porsche Ventures, BMW iVentures, Innovation Growth Ventures/Sony Innovation Fund, MediaTe...
    27-Feb-2020 News Investments
    Hyundai invests in Israeli start-up Kardome
    Israeli start-up Kardome has said Hyundai Motor led the investment for the seed round, a company press release dated 4 February showed. NextGear Ventures fund, specializing in investments in the smart transportation world, and ATOORO Fund, specializing in deep-technologies and human-computer interac...
    06-Feb-2020 News Investments
    CloudCar announces new partnerships with BYTON EV
    CloudCar today announced extended deployment of its next-generation cloud services platform, now live in Jaguar Land Rover's latest in-vehicle infotainment system, Pivi Pro. This innovative system is being shown at the 2020 CES in Las Vegas in the new Land Rover Defender. CloudCar has also announced...
    06-Jan-2020 News Investments
    GAC, China’s Shaoguan government begin construction of testing center for intelligent-connected and new-energy vehicles
    Guangzhou Automobile Group Co (GAC Group) and the Shaoguan city government in Guangdong Province in South China have started construction of a testing center for intelligent-connected and new-energy vehicles, China Daily reported today (27 December). The two partners are investing CNY2.75 billion (U...
    27-Dec-2019 News Investments
    Mitsubishi, NTT pick 30% in HERE Technologies
    HERE Technologies announced on 20 December that Mitsubishi Corporation and Nippon Telegraph and Telephone Corporation (NTT) will jointly acquire 30% stake in the company via their jointly owned COCO Tech Holding B.V. Financial details of the deal were not disclosed. The deal is expected to go thr...
    23-Dec-2019 News Investments
    Continental launches ‘Smart City Mobility and Transportation Hub’ in US
    Continental has launched a ‘Smart City Mobility and Transportation Hub’ in Auburn Hills, Michigan, United States, the company said in a press release on 18 December. At its new hub, there are two intersections which the German supplier has made intelligent by integrating its sensors and software...
    19-Dec-2019 News Investments
    Radar chipset developer Arbe closes USD32 million Series B funding
    Arbe has announced the closing of USD32 million in Series B funding in a boost to full production of its breakthrough radar chipset, the company said on 16 December. Catalyst CEL, BAIC Capital, AI Alliance (Hyundai, Hanwha, SKT), and MissionBlue Capital, Canaan Partners Israel, iAngels, 360 Capital ...
    17-Dec-2019 News Investments
    TCS, Qualcomm develop innovation hub to explore possibilities of 5G in various industries including automotive
    Tata Consultancy Services has announced the launch of an innovation hub in India in partnership with Qualcomm, the company said in a press release on 20 November. The new hub, located in Hyderabad, will be used to build domain-specific solutions in artificial intelligence (Al), internet of things (l...
    Porsche invests in Israeli start-up Tactile Mobility
    Porsche has made a minority investment in Tactile Mobility, the automaker said in a press release on 29 October. Union Tech Ventures and other existing investors will also participate in the investment round. Tactile Mobility plans to use the funds primarily to strengthen its development and ...
    05-Nov-2019 News Investments
    Upstream Security raises USD30 million Series B funds from Renault, Volvo Group, Hyundai and others
    Upstream Security has secured Series B funds worth USD30 million from investors including major OEMs like Renault, Volvo Group, and Hyundai, the Israeli company said in a press release on 21 October.  The round was led by Renault Venture Capital and included Volvo Group Venture Capital, Hyundai...
    22-Oct-2019 News Investments
    Maruti Suzuki collaborates with five start-ups for automotive IoT, AI solutions
    India’s biggest carmaker Maruti Suzuki has picked five start-ups to develop automotive, internet of things (IoT) and artificial intelligence (AI) concepts into real-time applications, it said in a press release on 14 October. This is under Maruti’s Mobility & Automobile Innovation Lab (MAIL)...
    15-Oct-2019 News Investments
    UK offers GBP2 million funding to support development of vehicle cyber security testing capability
    The UK government has launched a funding competition to invest up to GBP2 million (USD 2.4 million) in a maximum of 5 projects to support the development of a connected and autonomous vehicle (CAV) cyber-security testing capability, the government said in a press release. The competition will o...
    02-Sep-2019 News Investments
    New testing ground for connected vehicles opens in China
    A new testing ground for smart connected vehicles was opened in Lingang New Area, in the Shanghai Pilot Free Trade Zone, China, on Friday (23 August), according to a report by Yicai Global. The Shanghai Lingang Autonomous and Informationalized Vehicle Integrative Testing & Demonstration Zone, al...
    27-Aug-2019 News Investments
    SAIC Motor builds cloud computing base in China
    Chinese automaker SAIC Motor has started building a cloud computing and big data center in Zhenzhou, Henan province, China, reports Xinhua News Agency. The company is investing CNY2 billion (USD284.6 million) in the new center, which has a floor area of more than 1 million square meters. The ne...
    26-Aug-2019 News Investments
    Bosch opens R&D center in Shanghai to develop digital cockpit solutions
    Bosch has opened a research and development (R&D) center in Shanghai, China, the company said last week. The 2,500 m2 ‘Bosch Digital Cabin R&D Center’ will focus on developing smart digital cabin products such as information domain controllers, driver and passenger monitoring system...
    09-Aug-2019 News Investments
    Robert Bosch Venture Capital (RBVC) invests in Swiss software company Teralytics
    Robert Bosch Venture Capital (RBVC), the corporate venture capital (CVC) unit of the German automotive supplier Bosch, has led a USD17.5-million funding round at Switzerland-based mobility analytic company Teralytics, RBVC said in a press release on 6 August. Apart from RBVC, Deutsche Bahn Digital V...
    07-Aug-2019 News Investments
    Porsche Digital opens second office in US in Atlanta
    Porsche Digital has opened its second office in the United States in Atlanta, Georgia, the Germany-based sportscar company said in a press release on 6 August. The company’s Atlanta office is housed in the head office of its US subsidiary, Porsche Car North America. The new office has a team of bu...
    07-Aug-2019 News Investments
    Startup Brighter AI secures funding from eCAPITAL and G+D Ventures
    Berlin-based Brighter AI Technologies has received funding from eCAPITAL and Giesecke+Devrient Venture, Tech EU reported on 29 July. The amount was undisclosed but is reportedly in ‘millions’. The investment will allow Brighter AI to accelerate product development and expand its teams across eng...
    30-Jul-2019 News Investments
    Connected car startup Zendrive raises USD37 million
    Zendrive has raised USD37 million in Series B funding, the company said in a press release on 20 August. The funding round was led by XL Innovate with participation by Hearst Ventures and existing investors, including ACME Capital, BMW iVentures, NYCA, SignalFire, and others. The funding will hel...
    22-Jul-2019 News Investments
    Denso opens new innovation lab in US city Seattle to strengthen development of connected technologies
    Denso has opened an innovation lab in Seattle, Washington, United States, which will focus on developing connected technologies and advance its Mobility-as-a-Service (MaaS) platform, the company said in a press release today (17 July). The Seattle Innovation Lab supports Denso’s recent expansion i...
    17-Jul-2019 News Investments
    Volkswagen opens ‘We Campus’ in Berlin to build mobility ecosystem
    Volkswagen (VW) has inaugurated its ‘We Campus’ in Berlin, Germany, the automaker said in a press release on 5 July. The new facility will bring together about 900 experts from VW and its technology partners, who earlier worked at different locations, to develop new value-added and mobility serv...
    08-Jul-2019 News Investments
    Volkswagen’s strategic shift: Go hard on software
    Volkswagen (VW) AG has announced that by 2025 it intends to group more than 5,000 experts in competence areas, such as software development, electrical and electronics development, connectivity, automated driving, user experience (UX), cloud architecture, and e-commerce, together in an agile Car.Sof...
    Harman inaugurates expanded Engineering Center in Mexico
    Harman has inaugurated the second stage of its Advanced Engineering Center in Queretaro, Mexico, Automotive News Mexico reported on 28 June. The company invested around USD12 million in the expansion, which includes the installation of a pilot factory, warehouse services, as well as validation ...
    03-Jul-2019 News Investments
    Metalsa Structural Products to expand capacity at US plant
    Metalsa Structural Products Inc, an automotive solutions provider, plans to expand its Roanoke manufacturing operation in Botetourt County in Virginia, United States, according to a press release on 19 June on the official website of Virginia. To this end, the company plans to invest USD6.4 mil...
    24-Jun-2019 News Investments
    Volkswagen opens new IT Development Center in Germany
    Volkswagen (VW) has opened a new information technology (IT) development center in its Gläserne Manufaktur in Dresden, Germany, the company said in a press release on 21 June. The German automaker will recruit up to 80 IT specialists at its new Software Development Center Production (SDC Production...
    24-Jun-2019 News Investments
    Ride-sharing company Ola to set up ‘Advanced Technology Center’ in US
    Indian ride-sharing company Ola has announced plans to establish an 'Advanced Technology Center’ in San Francisco Bay Area, California, the company said in a press release last week. The new center will have a team of more than 150 engineers from advanced technology fields such as artificial intel...
    21-Jun-2019 News Investments
    2019 TU-Automotive Detroit
    TU-Automotive Detroit is one of the most influential automotive technology events globally and a platform where some of the most innovative minds in vehicle connectivity, mobility and autonomy converge each year. The event is well known for its expert panel discussions and also provides a great oppo...
    Ford opens new research center in Israel
    Ford has opened a new research center in Tel Aviv, Israel, the company said in a press release last week. The center, called Ford Research Center, will serve as a research hub and help the US automaker’s automotive and mobility businesses by identifying technology and start-ups companies...
    17-Jun-2019 News Investments
    Harman to expand automotive electronics manufacturing plant in India
    Harman, a wholly owned subsidiary of Samsung Electronics Co. Ltd., announced plans to expand its automotive electronics manufacturing plant at Chakan, near Pune, Maharashtra (India), according to a company press release on 3 June. The company is investing INR3.5 billion (USD50 million). The expansio...
    14-Jun-2019 News Investments
    Hyundai, Kia invest in Aurora to accelerate development of autonomous vehicle technologies
    Hyundai and Kia have invested in autonomous software startup Aurora to accelerate development of autonomous vehicle technologies, it was announced on 13 June. “Aurora is the leading innovator of self-driving technology and we look forward to building a stronger collaborative partnersh...
    Startup Swiftly raises USD10 million
    Swiftly has raised USD10 million in Series A round, Tech Crunch reported on 7 June. The round was led by VIA ID, Aster Capital, Renewal Funds and Wind Capital to grow its software-as-a-service business for cities’ transportation agencies. Swiftly plans to expand to several hundred cities in the...
    10-Jun-2019 News Investments
    Hungary opens 5G-based test track for autonomous vehicles
    Hungary has opened a track for testing autonomous vehicles in Zalaegerszeg, known as the ZalaZone, Ericsson said in a press release on 28 May. The ZalaZone test track features a 2-kilometer handling course that includes a multi-surface braking platform and multiple test track modules for highway roa...
    03-Jun-2019 News Investments
    Invest Ottawa opens new connected and autonomous vehicle (CAV) test facilities
    Invest Ottawa, in collaboration with the Government of Ontario and strategic partners, has opened new connected and autonomous vehicle (CAV) test facilities in Ottawa Greenbelt (Canada), according to a press release by Invest Ottawa last month. The Ottawa L5 Connected and Autonomous Vehicle (CA...
    Millbrook strengthens CAV and ADAS testing capabilities in UK
    Millbrook has launched new facilities and equipment for connected and automated vehicle (CAV) and advanced driver assistance systems (ADAS) testing and development in the United Kingdom, according to a press release last week. The new facilities will help Millbrook create Euro NCAP 2020 test sc...
    27-May-2019 News Investments
    Skoda Auto DigiLab opens office in China
    Skoda has established a branch of its Skoda Auto DigiLab in Beijing (China) to develop mobility solutions and services, the automaker said in a press release on 15 April. The Chinese unit, called Skoda Auto DigiLab China, has already started networking with the local start-up community to collaborat...
    16-Apr-2019 News Investments
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