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Opportunity knocks: Exhibit at TC Sessions: Mobility 2021

No matter what slice of the mobility market you’ve claimed as your own — AVs, EVs, data mining, AI, dockless scooters, robotics or the batteries that will charge and change the world — you won’t find a better place to showcase your extraordinary tech and talent than TC Sessions: Mobility 2021. Buy a Startup Exhibitor Package and virtually plant your early-stage mobility startup in front of a global audience that’s focused exclusively on one of the most complex, rapidly evolving industries. TC Se...
Tags: Startups, TC, Transportation, Entrepreneurship, Events, Tech, General-motors, Artificial Intelligence, Automotive, Gm, Private Equity, Leader, Startup Company, Data Mining, Pam Fletcher, Rachel Holt

The Station: Einride preps for a US expansion, Argo AI reveals its lidar specs and a Tesla Autopilot reality check

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to Point B. What a week! It’s too much to cover everything that happened in world of transportation, so here are some of the highlights. Oh, and yes, I know that the big story this weekend was ...
Tags: Apple, Startups, Transportation, Lyft, Europe, Elon Musk, New York, Texas, Congress, California, Washington, La, Senate, China, Germany, US

This dude drove an EV from the Netherlands to New Zealand — here are his 3 top road trip tips

There are over 100 Guinness World Records in the electric vehicle category — anything from the greatest distance on a single charge to the longest journey in a single country. But one achievement you won’t find there is Dutchman Wiebe Wakker’s impressive 100,450-kilometer road trip from the Netherlands to New Zealand, which holds the record for the world’s longest electric car journey. Whether you’re fixing to break records or just to embark on a humble weekend getaway, preparation is a crucial ...
Tags: Startups, Electric Vehicle, Cars, Netherlands, New Zealand, The Netherlands, Shift, Basics, Charging Network, Wiebe Wakker, Wakker

Oculii looks to supercharge radar for autonomy with $55M round B

Autonomous vehicles rely on many sensors to perceive the world around them, and while cameras and lidar get a lot of the attention, good old radar is an important piece of the puzzle — though it has some fundamental limitations. Oculii, which just raised a $55M round, aims to minimize those limitations and make radar more capable with a smart software layer for existing devices — and sell its own as well. Radar’s advantages lie in its superior range, and in the fact that its radio frequency beam...
Tags: Fundings & Exits, Startups, TC, Gadgets, Transportation, Hardware, Funding, Tech, Automotive, Autonomous Vehicles, Self-driving Cars, Radar, Lidar, Eagle, Falcon, Hong

Tesla taps tiny startup’s tech to build cheaper, cleaner batteries

When Elon Musk stood on stage at Tesla’s Battery Day in September and promised to cut lithium-ion battery prices in half, he claimed some of the savings would come from reinventing the dirty and complex process of making their nickel metal cathodes. “It’s insanely complicated, like digging a ditch, filling it in and digging the ditch again,” he said at the event. So we looked at the entire value chain and said how can we make this as simple as possible?” The simplest route to appears to involv...
Tags: Startups, Transportation, Elon Musk, Toronto, Tesla, Automotive, Electric Vehicles, Batteries, Panasonic, North America, Lithium Ion Batteries, Musk, Shenzen, Fremont California, Dalhousie University, LG Chem

Only four more days to save $100 on passes to TC Sessions: Mobility 2021

The only thing happening faster than tech mobility right now is the speed at which our early bird price for TC Sessions: Mobility 2021 will disappear. You have just four days left to save $100 to our June 9 deep-dive exploration into the current and future state of mobility and transportation. Buy your pass to TC Sessions Mobility 2021 before the price increase goes into effect on Thursday, May 6 at 11:59 pm (PT). The event is virtual (thanks a bunch, you nasty pandemic), but the information you...
Tags: Startups, TC, Automotive, Video On Demand, Volvo Cars, Rachel Holt, Quin Garcia, Clara Brenner, Frank Reig, TC Sessions: Mobility 2021, Rachael Wilcox, Tiffany Chu, Clara Brenner Quin Garcia, ChargerHelp, Tamika L Butler, Kameale Terry

Canada’s newest unicorn: Clio raises $110M at a $1.6B valuation for legal tech

Clio, a software company that helps law practices run more efficiently with its cloud-based technology, announced Tuesday it has raised a $110 million Series E round co-led by T. Rowe Price Associates Inc. and OMERS Growth Equity. The round propels the Vancouver, British Columbia-based company to unicorn status, valuing it at $1.6 billion. Clio last raised in September of 2019 when it brought in $250 million in a Series D financing. With the latest funding, Clio claims that it’s the “first legal...
Tags: Fundings & Exits, Startups, Cloud, Microsoft, Cloud Computing, Funding, Cars, Los Angeles, Tech, Software, Canada, Ireland, United Kingdom, SaaS, Venture Capital, Vancouver

Tesla sees bitcoin as important financial tool to access cash quickly

Tesla’s relationship with bitcoin is not a dalliance, according to the comments made by the company’s CFO and dubbed “master of coin” Zach Kirkhorn during an earnings call Monday. Instead, the company believes in the longevity of bitcoin, despite its volatility. Tesla invested $1.5  billion in bitcoin this quarter and then trimmed its position by 10%, Kirkhorn said during the company quarterly earnings call. That sale made a $101 million  “positive impact” to the company’s profitability in ...
Tags: Startups, TC, Transportation, Berlin, Tesla, Austin, Bitcoin, Automotive, Electric Vehicles, Federal Reserve, Cryptocurrencies, Fed, Elon, Bank for International Settlements, Jay Powell, Zach Kirkhorn

Hyundai invests in teleoperations startup Ottopia as part of $9M round

After spending much of his career in mission-critical environments, including the Israeli Air Force, Israeli Intelligence and leading development of a cybersecurity product at Microsoft, Amit Rosenzweig turned his attention to autonomous vehicles. It was a technology that he soon recognized would need what every other mission-critical system requires: humans.  “I understood that there are so many edge cases that will not be solved purely by AI and machine learning, and there must be some kind ...
Tags: Startups, TC, Microsoft, Israel, Tech, Automotive, United States, Autonomous Vehicles, Hyundai, Hyundai Motor Group, Rosenzweig, MizMaa, Recent Funding, Ottopia, IN Venture, Israeli Air Force Israeli Intelligence

Ornikar raises $120M as its driving school marketplace goes up a gear with car insurance

A French startup that set out to bring a new approach to driver education and road safety, and then used that foothold to expand into the related area of car insurance, is today announcing a big round of funding to continue building its service across Europe. Ornikar, which prepares people for driving tests by providing online drivers education courses, lets those users organize in-person lessons with driving instructors, provides a booking system for taking their written and practical examinati...
Tags: Google, Startups, Europe, Education, Car Insurance, France, Funding, Spain, Automotive, KKR, Onroad, Driving License, DRIVER EDUCATION, Patrick Devine, InsureTech, Driving Instruction

European e-scooter and micromobility startup Dott raises $85 million

Dott has raised a new $85 million Series B funding round — this round is a mix of equity and asset-backed debt financing. Belgium-based investment company Sofina is leading the investment. Dott is a micromobility startup that is better known for its colorful electric scooters that you can find across several European cities. The company operates a fleet of 30,000 electric scooters in five cities. Users can download a mobile app and unlock a scooter through the app. The company charges an unlocki...
Tags: Fundings & Exits, Startups, Europe, Tech, Spain, Automotive, Electric Scooter, Paris, Poland, Belgium, Lyon, Scooter, Sofina, Micromobility, Dott, E-scooter

A closer look at Polestar’s 2030 climate neutral car

An electric vehicle successfully takes tailpipe emissions out of the environmental equation. Fact. Charge it with renewable energy and its impact flatlines. Great. But while all this is preferable to a traditionally fuelled vehicle that will continue to pollute throughout its lifetime, a Polestar 2 still leaves the factory gates with a 26-ton CO2e production footprint. And we believe it doesn’t have to.In fact, we’re committing to creating a completely climate-neutral car by 2030. Without offset...
Tags: Startups, Electric Vehicle, Cars, Shift

Billionaire clown Elon Musk drags the late Chris Farley into Tesla’s feud with Ford

There’s never a dull moment in tech. Elon Musk and Ford CEO Jim Farley got into it on Twitter yesterday after a new Ford advertisement seemingly tossed shade at Tesla’s Autopilot. Heads up: The real lead here is that Ford’s new BlueCruise kit, a driverless car system, will launch on certain Mustang and F-150 models. Can we all take a moment to recognize how awesome the idea of an autonomous Mustang in the future is? But: Elon being Elon, there was no way the news was ever going to be about anyth...
Tags: Startups, Elon Musk, Opinion, Cars, Tech, Tesla, Artificial Intelligence, Ford, Elon, Chris Farley, Jim Farley, Neural

Grab a group discount and take your team to TC Sessions: Mobility 2021

Mobility mavens, June 9 will be here before you know it, and that means it’s time to get your strategy ducks in a row for TC Sessions: Mobility 2021. You want to make the most of your time at this one-day virtual intensive featuring interactive presentations with the mobility industry’s top movers, shakers and startup dream makers, amirite? Take your team to increase your ROI. Right now, you can grab a group discount — at the early bird price — when you buy a block of four or more tickets to TC ...
Tags: Startups, Transportation, Tech, Artificial Intelligence, Automotive, Sharing Economy, Starship Technologies, Volvo Cars, Ahti Heinla, Rachel Holt, Micromobility, Bicycle Sharing, AutoTech Ventures, CrunchMatch, Quin Garcia, Tc Sessions

NGK Spark Plugs launches $100M corporate venture fund, will seek M&A opportunities

NGK Spark Plug, one of the world’s largest manufacturers of automative spark plugs, announced a new $100 million fund to invest in startups and find potential merger and acquisition deals. The fund was launched with Pegasus Tech Ventures, the “venture capital as a service” firm that has also worked with corporations like Sega Sammy Holdings, Asus and Aisin Seiki to launch venture funds. While best known for its automotive components, NGK Spark Plug also manufacturers many other hardware componen...
Tags: Health, Fundings & Exits, Startups, TC, Asia, Japan, US, Tech, Automotive, Mobility, Nagoya Japan, NGK, Anis Uzzaman, Uzzaman, Aisin Seiki, DNX Ventures

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

Highlights from Berkeley SkyDeck’s virtual demo day

With 17 startups participating, Berkeley SkyDeck’s Demo Day isn’t the largest cohort we’ve seen by any stretch. The collection of companies is, however, defined by a wide range of focuses, from pioneering diabetes treatments to retrofitting autonomous trucking, curated by the SkyDeck’s small team and a number of advisors. Founded in 2012, the accelerator is focused on developing early-stage companies tied to the University of California system. Applicants must be affiliated with either one of th...
Tags: Startups, Hardware, Funding, Tech, Automotive, Venture Capital, Biotech, Robotics, Berkeley, University Of California, Los Alamos, Uc-berkeley, Skydeck, Kiwi, Ontario, UCSF

Tesla Lawsuit Against Rivian Moves Forward in California Superior Court

The lawsuits continue against EV startup Rivian. Though it hasn’t built any vehicles to date, the company has an aggressive plan to manufacture its “Tesla killer” vehicles at the former Diamond Star Motors plant at Normal, Illinois, and sell its wares directly to customers via nine showrooms across the nation. Various parties take issue with both […] The post Tesla Lawsuit Against Rivian Moves Forward in California Superior Court appeared first on The Truth About Cars.
Tags: Startups, Sales, Tesla, Trade Secrets, Industry, Electric Vehicles, Lawsuits, Autos, New Cars, Tesla Motors, Industry News, News Blog, Future Vehicles, Hot Legal Action, Normal Illinois, Diamond Star Motors

Woven Capital kicks off portfolio with investment in autonomous delivery company Nuro

Woven Capital, the investment arm of Toyota’s innovation-focused subsidiary Woven Planet, has announced an investment into Silicon Valley-based autonomous delivery vehicle company Nuro. This kicks off the new $800 million strategic fund, which will invest in growth-stage technology companies that could one day develop into partners or acquisitions to further a mission of building the future of safe mobility, according to George Kellerman, Woven Capital’s head of investments and acquisitions.   ...
Tags: Startups, Transportation, Smart City, California, Tech, Investment, Walmart, Automotive, Venture Capital, Silicon Valley, Toyota, Smart Cities, Cvs, Baillie Gifford, Department of Motor Vehicles, Mount Fuji

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

Startups book an expo booth at TC Sessions: Mobility 2021 to double down on connection and exposure

When it comes to fast-moving technology, mobility zooms ahead of the pack — both literally and figuratively. Early-stage startup founders and investors need to keep their fingers on the sector’s very rapid pulse and the best place to do that is, you guessed it, TC Sessions: Mobility 2021 on June 9. If you’re eager to introduce your early-stage startup to the top leaders, investors, experts and policy makers across the mobility tech community, don’t just attend TC Sessions: Mobility — exhibit the...
Tags: Startups, Budget, Entrepreneurship, Tech, Artificial Intelligence, Automotive, Private Equity, Mobility, Startup Company, Business Incubators, Goodyear, Karin Maake, FlashParking, TC Sessions: Mobility 2021

The Station: Uber’s new battles in the UK, Lucid Motors’ second life plans and Cruise acquires Voyage

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hi friends and new readers, welcome to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. Before I forget, scroll all the way down to the bottom of the newsletter, if you’re interested in attending our upcoming early-stage conference. I have a gift for you. Um, there is ...
Tags: Amazon, Startups, Transportation, Uber, Europe, Florida, UK, New York, Supreme Court, Microsoft, California, La, Ipo, Germany, Los Angeles, San Francisco

MaaS transit: The business of mobility as a service

In 2019, St. Louis Metro Transit was struggling to keep customers. Uber and Lyft, along with dockless shared bikes and scooters, had flooded streets, causing ridership to fall more than 7% in a single year. The agency didn’t try to fight for attention. Instead, it embraced its competitors. Metro Transit dropped its internal trip-planning app, which had been developed with the Trapeze Group and directed riders to Transit, a private third-party app that offers mapping and real-time transit data in...
Tags: Startups, Transportation, Uber, San Francisco, Tech, Transit, Automotive, SaaS, Venture Capital, San Diego, Bmw, Moovit, Public Transportation, Expedia, Metro Transit, Chicago New York

South Africa’s FlexClub adds $5M to seed round to scale its car subscription marketplace

The traditional process of buying, insuring and financing cars across emerging markets can be challenging, and it defeats the purpose of building an all-around car shopping experience . Today, FlexClub, a South African company, has been provided with $5 million to improve drivers’ experience in these markets . FlexClub was founded in 2019 by Marlon Gallardo, Rudolf Vavruch and Tinashe Ruzane. The company is an online marketplace that connects customers looking for flexible acces...
Tags: Startups, TC, Transportation, Japan, Mexico, Southeast Asia, Funding, Nigeria, Africa, Wordpress, Tech, Automotive, South Africa, Avis, Emerging Markets, Kenya

TC Sessions: Mobility 2021 is coming, save the date!

Buckle up, startup and tech fans. Save the date and get ready to rub virtual elbows with mobility’s best and brightest minds — the movers, shakers and policy makers that are shaping the future of transportation. TC Sessions: Mobility returns for its third year on June 9, 2021. Can you say mobility three-peat? Yes, you can! We’re excited to host another day dedicated to the people — and the technology they’re developing — that’s changing transportation. TC Sessions: Mobility 2021 goes beyond hunt...
Tags: Startups, Uber, Technology, Tech, Companies, Artificial Intelligence, Automotive, Mobility, Autonomous Vehicles, Panasonic, Self-driving Cars, Director, TechCrunch, Coo, General-motors, Battery Technology

Polestar, ChargePoint introduce seamless charging in new partnership

A new alliance between Swedish electric performance automaker Polestar and EV infrastructure startup ChargePoint takes aim at the charging experience with the debut of an in-car app that will let customers seamlessly charge their Polestar 2 model vehicles. Seamless charging—being able to pull up to a charging station, plug in and let the vehicle handle billing and payment—has been dominated by Tesla through its branded Supercharger network. Most other EV drivers have to pay for charging using an...
Tags: Google, Android, Startups, TC, Transportation, Cars, Tesla, Smartphone, Automotive, United States, Ford, Electric Vehicles, Transport, Mobility, Volkswagen, GreenTech

From electric charging to supply chain management, InMotion Ventures preps Jaguar for a sustainable future

Since InMotion Ventures, the independent investment and incubation initiative set up by Jaguar Land Rover, launched in 2016 the firm has focused on backing companies across the mobility space broadly. Its 15 active investments run the gamut from autonomous vehicles, to car insurance tech, to ride-sharing, and travel planning, but increasingly the firm is focusing its efforts on vehicle electrification and sustainable supply chains. As the mobility market moves to embrace electrification...
Tags: Startups, TC, Transportation, Electric Vehicle, Tech, Automotive, Venture Capital, Jaguar, Jaguar Land Rover, Peck, InMotion Ventures, Sebastian Peck, EC Mobility Hardware, Circulor, Sebastian Peck Circulor

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

EC roundup: BNPL startups, growth marketing tips, solid state battery market map, more

When I needed a new sofa several months ago, I was pleased to find a buy now, pay later (BNPL) option during the checkout process. I had prepared myself to make a major financial outlay, but the service fees were well worth the convenience of deferring the entire payment. Coincidentally, I was siting on said sofa this morning and considering that transaction when Alex Wilhelm submitted a column that compared recent earnings for three BNPL providers: Afterpay, Affirm and Klarna. I asked him why h...
Tags: Startups, Transportation, Cloud, Enterprise, Microsoft, Labor, Finance, Linkedin, Tech, Amanda Milligan, Fractl, Diversity, Automotive, SaaS, Venture Capital, Private Equity

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