Autos


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Mexican unicorn Kavak raises a $485M Series D at a $4B valuation.

Kavak, the Mexican startup that’s disrupted the used car market in Mexico and Argentina, today announced its Series D of $485 million, which now values the company at $4 billion. This round more than triples their previous valuation of $1.15 billion, which established them as a unicorn just a couple of months ago in October of 2020. Kavak is now one of the top five highest-valued startups in Latin America. The round was led by D1 Capital Partners, Founders Fund, Ribbit, and BOND, and brings K...
Tags: Startups, Transportation, Ecommerce, Apps, Mexico, Finance, Funding, Articles, Tech, Colombia, Automotive, Used Cars, Brazil, Argentina, Online Marketplace, Logistics


Investors feed the meter for curb management startup Automotus

The curbside is being squeezed as the number of commercial vehicle operators and gig economy workers battle over this increasingly scarce real estate — a problem that has been compounded by an uptick in on-demand delivery services fueled by the pandemic. A number of startups such as Coord and curbflow have popped up in recent years, all aiming to solve this supply and demand problem. One entrant, the three-year-old startup Automotus, is beginning to rack up deployments in zones within cities lik...
Tags: Startups, TC, Transportation, Los Angeles, Tech, Automotive, Techstars Ventures, Justus, Loyola Marymount University, Baron Davis, Turin Italy, Quake Capital, Zaizhuang Cheng, Recent Funding, Automotus, Santa Monica Pittsburgh Bellevue Washington


Australian lidar maker Baraja collects $31M B round to illuminate the future of autonomy

Lidar companies across the planet are going SPAC, but Baraja isn’t in a hurry to go public. The Australian lidar maker has raised a $31M B round to continue the deployment and development of its “unique and ingenious” imaging system, with participation beyond the usual VC suspects. Baraja’s lidar uses what the company calls SpectrumScan, letting physics do the hard work of directing the light. By passing its laser through a prism, different wavelengths of light go in different directions — and w...
Tags: Fundings & Exits, Startups, Gadgets, Hardware, Funding, Tech, Automotive, Cto, SPAC, RMA, Blackbird Ventures, Recent Funding, Baraja, Federico Collarte, Collarte, Cibby Pulikkaseril


Fluid Truck, the Zipcar of commercial trucks, raises $63M to take on rental giants

Fluid Truck has built an app-based platform that aims to take away the pain and cost of owning or leasing commercial vehicles, all while grabbing market share from established companies like Penske, Ryder and U-Haul.  Now, it has the capital to help it get there. The Denver-based company said Tuesday it raised $63 million in a Series A funding round to expand its truck-sharing platform, which helps mid-mile and last-mile delivery companies remotely manage an on-demand rental fleet via web o...
Tags: Startups, TC, Transportation, Tech, Eu, Automotive, United States, Ikea, Electric, Denver, Zipcar, Eberhard, Bison Capital, Recent Funding, Ingka Group, Sumitomo Corporation of Americas


Oxbotica raises $47M to deploy its autonomous vehicle software in industrial applications

While the world continues to await the arrival of safe, reliable and cost-effective self-driving cars, one of the pioneers in the world of autonomous vehicle software has raised some substantial funding to double down on what it sees as a more immediate opportunity: providing technology to industrial companies to build off-road applications. Oxbotica, the Oxford, England startup that builds what it calls “universal autonomy” — flexible technology that it says can power the navigation, perception...
Tags: Startups, TC, Transportation, Europe, England, London, Microsoft, Tech, Cisco, Nasa, Artificial Intelligence, Automotive, Autonomous Vehicles, Cto, Newman, Posner


Kyte raises $9 million to deliver rental cars to your doorstep

More than two years ago, Ludwig Schoenack, Nikolaus Volk and Francesco Wiedemann looked at the bevy of scooter services, ride-hailing apps, public transit and car-sharing options available in most urban centers in the United States and saw a gap in the mobility market. Consumers who didn’t want to own a car, but needed one for a few days or weeks had two options: head to a car rental center, likely located at an airport or outside the city center, or turn to a car-sharing platform. The three fri...
Tags: Startups, Transportation, Washington, San Francisco, Tech, Automotive, United States, Car Rental, Travelocity, Terry Jones, DN Capital, Boston Los Angeles, Kyte, William Barnes, Schlenker, Steve Schlenker


AutoLeap says it will repair your lousy relationship with car shops

No one likes having to go the automotive repair shop. There’s little transparency into what happens after a car is dropped off, invoices are often little more than a series of illegible bullet points, and the experience often feels chaotic. AutoLeap, a six-month-old, Toronto-based startup that quietly raised $5 million in seed funding in September, thinks its team can figure out how to repair that broken experience by bringing car repair shops into the 21st century at long last. Its big idea is ...
Tags: Startups, TC, Stanford, Boston, Toronto, Tech, General Motors, Automotive, Venture Capital, Las Vegas, Seattle, University of Toronto, Daimler, Global Founders Capital, Shift, Seed Funding


Ride Vision raises $7M for its AI-based motorcycle safety system

Ride Vision, an Israeli startup that is building an AI-driven safety system to prevent motorcycle collisions, today announced that it has raised a $7 million Series A round led by crowdsourcing platform OurCrowd. YL Ventures, which typically specializes in cybersecurity startups but also led the company’s $2.5 million seed round in 2018, Mobilion VC and motorcycle mirror manufacturer Metagal also participated in this round. The company has now raised a total of $10 million. In addition to this n...
Tags: Startups, TC, Transportation, Europe, Japan, Greece, Australia, France, China, Germany, India, Israel, Tech, Spain, Artificial Intelligence, Austria


Provizio closes $6.2M seed round for its car safety platform using sensors and AI

Provizio, a combination hardware and software startup with technology to improve car safety, has closed a seed investment round of $6.2million. Investors include Bobby Hambrick (the founder of Autonomous Stuff); the founders of Movidius; the European Innovation Council (EIC); ACT Venture Capital. The startup has a “five-dimensional” sensory platform that — it says — perceives, predicts and prevents car accidents in real time and beyond the line-of-sight. Its “Accident Prevention Technology Platf...
Tags: Google, Startups, TC, Uber, Europe, Tech, Artificial Intelligence, Automotive, Machine Learning, Self-driving Cars, Science and Technology, Car Accidents, Emerging-technologies, Carnegie Mellon, Car Safety, Aurora


Chinese autonomous vehicle startup Pony.ai hits $5.3 billion valuation

Pony.ai, the Chinese autonomous vehicle startup and relative newcomer to the industry, is now valued at $5.3 billion following a fresh injection of $267 million in funding. The round was led by TIP, an innovation fund within the Ontario Teachers’ Pension Plan Board that focuses on late-stage venture and growth equity investments in companies that deliver disruptive technology. Existing partners Fidelity China Special Situations PLC, 5Y Capital (formerly Morningside Venture Capital), ClearVue ...
Tags: Startups, Transportation, California, China, Tech, Automotive, Autonomous Vehicles, FREMONT, Irvine, Irvine California, Guangzhou China, Pony, Ontario Teachers Pension Plan Board, Hyundai Kona, Pony.ai, Recent Funding


Daimler invests in lidar company Luminar in push to bring autonomous trucks to highways

Daimler’s trucks division has invested in lidar developer Luminar as part of a broader partnership to produce autonomous trucks capable of navigating highways without a human driver behind the wheel. The deal, which comes just days after Daimler and Waymo announced plans to work together to build an autonomous version of the Freightliner Cascadia truck, is the latest action by the German manufacturer to move away from robotaxis and shared mobility and instead focus on how automated vehicle...
Tags: Startups, Transportation, Tech, Automotive, Volvo, Lidar, Daimler, SPAC, Daimler Trucks, Russell, Gores, Freightliner Cascadia, TORC, LUMINAR, Austin Russell, Autonomous Trucks


This former Tesla CIO just raised $150 million more to pull car dealers into the 21st century

“I have to choose my words carefully,” says Joe Castelino of Stevens Creek Volkswagen in San Jose, California, when asked about the software on which most car dealerships rely for inventory information, to manage marketing, to handle customer relationships and to otherwise help sell cars. Castelino, the dealership’s service director, laughs as he says this. But the joke has apparently been on car dealers, most of whom have largely relied on a few frustratingly antiquated vendors for their dealer...
Tags: Startups, TC, Elon Musk, California, Tech, Tesla, Automotive, Ferrari, SaaS, Venture Capital, San Jose, Volkswagen, Index Ventures, Fiat Chrysler, Advent, Advent International


Envisics nabs $50M for its in-car holographic display tech at a $250M+ valuation

The jury is still out on what might become the most viable business models for augmented reality technology, but in the meantime a startup out of the UK is betting one big area will be in vehicles, in the form of holographic displays. And today it is announcing a significant round of funding from strategic investors to fill out its vision (so to speak). Envisics, which brings together technologies like computer vision, machine learning, big data analytics and navigation to build hardware that in...
Tags: Startups, TC, Europe, UK, England, Microsoft, Tech, Artificial Intelligence, Automotive, Gm, Hud, Jaguar Land Rover, DAQRI, Milton Keynes, Michael Cohen, Jamieson


Cazoo, the UK used car sales platform, raises another $311M, now valued at over $2.5B

A lot of people are opting to use cars instead of taking public transportation in the UK at the moment, as a way of ensuring more social distancing, and today one of the startups that’s built a more efficient way of selling and buying cars is announcing a big round of funding. Cazoo, which provides an app-based way to browse and buy used cars (it’s modeled on the likes of Vroom in the US), has picked up £240 million ($311 million). The funding comes only six months after the company raised $116 ...
Tags: Amazon, Startups, TC, Europe, UK, London, US, Tech, Netflix, Automotive, Used Cars, Alex, Blackrock, Amazon Prime Video, Lovefilm, Vroom


Cazoo, the UK used car sales portal, raises another $311M, now valued at over $2.5B

A lot of people are opting to use cars instead of taking public transportation in the UK at the moment, as a way of ensuring more social distancing, and today one of the startups that’s built a more efficient way of selling and buying cars is announcing a big round of funding. Cazoo, which provides an app-based way to browse and buy used cars (it’s modeled on the likes of Vroom in the US), has picked up £240 million ($311 million). The funding comes only six months after the company raised $116 ...
Tags: Travel, Amazon, Startups, TC, Europe, UK, London, US, Netflix, Automotive, Used Cars, Alex, Blackrock, Amazon Prime Video, Lovefilm, Vroom


Cazoo, the UK used car sales portal, raises another $311M, now valued at over $2B

A lot of people are opting to use cars instead of taking public transportation in the UK at the moment, as a way of ensuring more social distancing, and today one of the startups that’s built a more efficient way of selling and buying cars is announcing a big round of funding. Cazoo, which provides an app-based way to browse and buy used cars (it’s modeled on the likes of Vroom in the US), has picked up £240 million ($311 million). The funding comes only six months after the company raised $116 ...
Tags: Amazon, Startups, TC, Europe, UK, London, US, Tech, Netflix, Automotive, Used Cars, Alex, Blackrock, Amazon Prime Video, Lovefilm, Vroom


Lidar startup Ouster raises $42M in push to grow sales, diversify products

Lidar startup Ouster has spent the past several years expanding and improving its line of sensors as it jostles for a piece of the crowded and competitive market place. Now, Ouster says it has raised $42 million, fresh capital that will be used to fund product development and ramp up sales. In short: Ouster is keeping the fight alive and there are signs that the San Francisco-based startup is making progress despite some headwinds. The $42 million Series B round didn’t feature any new investo...
Tags: Startups, Transportation, Elon Musk, Southeast Asia, San Francisco, Tech, Automotive, Lidar, Suzhou, Fontinalis Partners, Cox Automotive, Tao Capital Partners, Ouster, Angus Pacala, Recent Funding, COVID


Chinese EV startup Xpeng Motors raises $1.5 billion in US public market debut

Chinese electric vehicle startup Xpeng Inc. raised $1.5 billion through an initial public offering in the U.S. as investor interest in EVs and clean energy outstripped concerns over escalating tensions between the U.S. and China. The automaker, which is headquartered in Guangzhou, China and has offices in Silicon Valley and San Diego, said in a filing that it sold 99.7 million shares for $15 each, raising about $1.5 billion. The automaker had originally planned to sell 85 million shares with a p...
Tags: Startups, TC, China, US, Tech, Tesla, Automotive, Electric Vehicles, Shanghai, Alibaba, San Diego, Silicon Valley, New York Stock Exchange, Exit, Guangzhou China, XPENG Motors


Gett raises $100M more to double down on its B2B on-demand ride business

A number of ride-sharing companies are feeling the strain from reduced business, with many consumers still reluctant to travel, and especially to travel in surroundings that might increase the risk of spreading or catching the novel coronavirus. But today, one of the startups in the space is announcing a significant round of funding to continue growing in its target sector of corporate travel, underscoring where there may still be some existing and growing opportunities. Gett, the London and Isr...
Tags: Startups, TC, Transportation, London, New York City, Israel, Automotive, Gett, MCI, Dave Waiser, Recent Funding, Waiser, VW Access, Len Blavatnik Kreos, Uber Lyft Grab, Amos Genish Gett


UK’s Drover raises $26M for to take its car subscription marketplace to Europe

The future of transportation is in a moment of flux, and that continues to provide opportunities for startups to build solutions provide new ways for us to get from A to B. In the latest development, a startup out of the UK called Drover that provides access to flexible car subscriptions for private users — longer than a typical rental, shorter than a lease or purchase, and easy to shorten or extend as needed — is announcing some funding to continue its growth. The company has picked up £20.5 mi...
Tags: Startups, TC, Transportation, Ecommerce, Europe, UK, France, Softbank, Cars, US, Tech, Automotive, FELIX, Drover, Target Global, AutoTech Ventures


TuSimple seeking $250 million in new funding to scale self-driving trucks

TuSimple, the self-driving truck startup backed by Sina, Nvidia, UPS and Tier 1 supplier Mando Corporation, is headed back into the marketplace in search of new capital from investors. The company has hired investment bank Morgan Stanley to help it raise $250 million, according to multiple sources familiar with the effort. Morgan Stanley has sent potential investors an informational packet, viewed by TechCrunch, that provides a snapshot of the company and an overview of its business model,...
Tags: Google, Amazon, Startups, Hong Kong, Texas, China, Tech, UPS, Beijing, Automotive, United States, Arizona, Shanghai, San Diego, Morgan Stanley, Embark


DriveU.auto, a LiveU spinout, comes out of stealth with $4M

Teleoperators who remotely monitor and control autonomous vehicles rely on high-performance connectivity to transfer 4K video, multiple audio streams and other data. Even a skosh of latency, jitter or packet loss could spell disaster for a teleoperator intervening to help an autonomous sidewalk delivery bot or even a robotaxi. One Israeli startup, which spun out of video transmission technology company LiveU, has developed a connectivity platform aimed at ending unpredictable network behavior...
Tags: Startups, TC, Transportation, Tech, Automotive, United States, Cto, Francisco Partners, Zohar Zisapel, Cognata, Europe Israel Japan, Recent Funding, DriveUauto, LiveU, Alon Podhurst, Podhurst


Otonomo raises $46 million to expand its automotive data marketplace

New vehicles today can produce a treasure trove of data. Without the proper tools, that data will sit undisturbed, rendering it worthless. A number of companies have sprung up to help automakers manage and use data generated from connected cars. Israeli startup Otonomo is one such player that jumped on the scene in 2015 with a cloud-based software platform that captures and anonymizes vehicle data so it can then be used to create apps to provide services such as electric vehicle management, s...
Tags: Startups, TC, Internet Of Things, South Korea, Japan, Tech, Information, Automotive, Computing, Bmw, Connected Car, Player, Daimler, Data Security, Bessemer Venture Partners, Computer Security


Helm.ai raises $13M on its unsupervised learning approach to driverless car AI

Four years ago, mathematician Vlad Voroninski saw an opportunity to remove some of the bottlenecks in the development of autonomous vehicle technology thanks to breakthroughs in deep learning. Now, Helm.ai, the startup he co-founded in 2016 with Tudor Achim, is coming out of stealth with an announcement that it has raised $13 million in a seed round that includes investment from A.Capital Ventures, Amplo, Binnacle Partners, Sound Ventures, Fontinalis Partners and SV Angel. More than a doze...
Tags: Startups, TC, Transportation, Technology, Entrepreneurship, Tech, Mit, Artificial Intelligence, Automotive, Automation, Quora, Nba, Private Equity, Simulation, Uc-berkeley, Robinhood


Five, the self-driving startup, raises $41M and pivots into B2B, away from building its own fleet

We are still years away from a time when fully-autonomous cars will be able to drive us from A to B, and the complexity of getting to that point is likely going to need hundreds of billions of dollars of investment before it becomes a reality. That hard truth is leading to some shifts in the self-driving startup landscape. England’s Five (formerly known as FiveAI), one of the more ambitious companies in the space, is moving away from its original plan, of designing its own fully self-driving car...
Tags: Apple, Startups, Europe, UK, England, London, US, Tech, Artificial Intelligence, Autonomous, Automotive, Huawei, Five, Self-driving, David Lin, Boland


Autonomous yard trucking startup Outrider comes out of stealth with $53 million in funding

The 400,000 distribution yards located in the U.S. are critical hubs for the supply chain. Now one startup is aiming to make the yard truck — the centerpiece of the distribution yard — more efficient, safer and cleaner, with an autonomous system. Outrider, a Golden, Colo. startup previously known as Azevtec, came out of stealth Wednesday to announce that it has raised $53 million in seed and Series A funding rounds led by NEA and 8VC. Outrider is also backed by Koch Disruptive Technologies, ...
Tags: Startups, TC, Texas, Technology, Colorado, Trailer, Tech, Automotive, United States, Vehicles, Transport, Trucks, Smith, Nea, Self-driving Car, Andrew Smith


MotoRefi raises $8.6 million to bring its auto refinancing platform to the masses

Americans are saddled with $1.2 trillion in auto loans, according to data collected by the Federal Reserve. And while that debt can be refinanced, even U.S. car owners who know it’s an option face a complicated task. MotoRefi, a new fintech startup that was born out of QED Investors in 2017, says it has developed an auto refinancing platform that handles the entire process, from rooting out the best rates to paying off the old lender and re-titling the vehicle. Now, the company is preparing to s...
Tags: Startups, TC, Tech, Automotive, Credit Karma, Bennett, U S, Holt, Kevin Bennett, Rachel Holt, Accomplice, CUNA Mutual Group, Link Ventures, Rob Chaplinsky, Recent Funding, MotoRefi


Rivian adds $1.3 billion in funding for its electric utility and adventure vehicles

American automotive technology startup Rivian has raised $1.3 billion in new funding, the company announced today. The new investment is the fourth round of capital announced by the company in 2019 alone, following prior announcements of $700 million led by Amazon, $500 million from Ford (which includes a collaboration on electric vehicle technology) and $350 million from Cox Automotive. That’s a lot of money, but Rivian’s not your typical startup, since it’s aiming to bring fully electric ve...
Tags: Amazon, Startups, TC, Transportation, Cars, Tech, Tesla, Automotive, Ford, Electric Vehicles, Transport, La Auto Show, Illinois, Blackrock, Ford Motor Company, Normal


Arbe raises $32 million to bring its high-resolution radar to autonomous vehicles

It’s not enough for an autonomous vehicle to see the world around it. These vehicles need to understand in real time what they’re seeing. That understanding piece is critical, and it requires being able to identify objects in real time and in any environmental condition. It can mean the difference between an autonomous vehicle that appropriately notices and ignores a plastic bag floating by and one that slams on its brakes. Tel Aviv-based startup Arbe has developed a high-resolution radar chi...
Tags: Startups, Transportation, Europe, China, Tel Aviv, Tech, Automotive, Hyundai, SK Telecom, Ourcrowd, NCAP, Canaan Partners, ADAS, Catalyst CEL, Chipset, Arbe


Vayyar nabs $109M for its “4D” radar tech, which detects and tracks images while preserving privacy

The future of the connected home, connected car, and connected everything will have a lot of imaging technology at the center of it: sensors to track the movement of people and things will be a critical way for AI brains to figure out what to do next. Now, with a large swing towards more data protection — in part a reaction to the realization of just how much information about us is being picked up — we’re starting to see some interesting solutions emerge that can still provide that imaging piec...
Tags: Startups, TC, Internet Of Things, Technology, China, US, Articles, Tech, Smartphone, Companies, Artificial Intelligence, David, Automotive, United States, President, Oil And Gas



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