Autos


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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


Autonomous trucking startup Einride raises $110M ahead of expansion into US

Einride, the Swedish startup known for its unusual-looking electric and autonomous pods that are designed to carry freight, has raised $110 million to help fund its expansion in Europe and into the United States. The Series B round, which far exceeds its previous raises of $10 million in 2020 and $25 million in 2019, included new investors Temasek, Soros Fund Management LLC, Northzone and Maersk Growth. The company said Thursday that existing investors EQT Ventures, Plum Alley, Norrsken VC, Eric...
Tags: TC, Transportation, Europe, New York, Sweden, US, Tech, Automotive, United States, Electric Vehicles, Autonomous Vehicles, Austin Texas, Electrolux, Einride, Oatly Coca Cola Lidl, Temasek Soros Fund Management LLC Northzone


GM CEO Mary Barra wants to sell personal autonomous vehicles using Cruise’s self-driving tech by 2030

GM CEO Mary Barra sees the automaker selling personal autonomous vehicles by the end of the decade by leveraging technology from its self-driving subsidiary Cruise, according to comments made during the company’s Wednesday earnings call. Barra wasn’t providing any specifics just yet, but instead laid out a vision for the automaker’s future and how its stake in Cruise and its own internal effort to further develop its advanced driver assistance system Super Cruise might evolve over the next nine ...
Tags: TC, Transportation, San Francisco, Tech, Tesla, Walmart, Cruise, Automotive, Electric Vehicles, Mary Barra, Dubai, Gm, Autonomous Vehicles, Cadillac, Barra, Self Driving Vehicles


GM’s Pam Fletcher is coming to TC Sessions: Mobility 2021 to talk about how to build a startup

GM might be best known for the millions of Buick, Cadillac, Chevrolet and GMC-branded vehicles it designs, produces, finances and sells each year. But it also has a burgeoning incubator, where a team of 600 employees are working to develop 20 new businesses with a total addressable market of about $1.3 trillion. A few of the first startup fruits have already come to bear, including OnStar Guardian, OnStar Insurance, GM Defense and most recently, BrightDrop — the commercial electric vehicle deliv...
Tags: TC, Transportation, Linkedin, Tech, Cruise, Automotive, Electric Vehicles, Mary Barra, Gm, Reid Hoffman, Silicon Valley, Mobility, Autonomous Vehicles, Fast Company, Nasdaq, Onstar


Lucid Motors taps Waymo, Intel veterans ahead of public listing

Lucid Motors is beefing up its executive and technical leadership team, hiring people from Waymo, Intel and Xperi as it prepares to become a publicly listed company. The automaker said Wednesday that Sherry House, who formerly worked at Waymo, will be its new chief financial officer. House was at Waymo for four years, most recently as its as treasurer and head of investor relations. Prior to Waymo, she was vice president of corporate development at Visteon Corporation and managing director of te...
Tags: Apple, TC, Transportation, Europe, Saudi Arabia, China, Tech, Tesla, Intel, Information Technology, Automotive, Ferrari, Electric Vehicles, House, Jaguar, Air


Investors cheer as Lyft’s Q1 revenue didn’t fall as much as expected

Investors gave Lyft’s value a small bump Tuesday after the American ride-hailing company reported results that weren’t quite as bad as the company, and Wall Street had expected. Shares of the Uber competitor rose as much as 4.5% in after-hours trading following the disclosure of its financial performance from the first three months of the year. As of the time of writing those gains have fallen to a smaller 2.5% gain. Turning to its results, Lyft’s revenue fell 36% to $609 million in the first qu...
Tags: Transportation, Lyft, Uber, London, Tech, Automotive, Electric Vehicles, Earnings, Toyota, Rideshare, Ride Hailing, EBITDA, U S Munich, Woven Planet Holdings, Palo Alto California Lyft, Screenshot Lyft More


Argo’s new lidar sensor could help Ford, VW deploy self-driving vehicles at scale

Four years ago, Argo AI made its first acquisition as a young, newly backed self-driving vehicle startup. Now, Argo says its acquisition of lidar company Princeton Lightwave is paying off and is poised to help it deliver autonomous vehicles that can operate commercially on highways and in dense urban areas starting next year. Argo AI unveiled Tuesday details on a long-range lidar sensor that it claims has the ability to see 400 meters away with high-resolution photorealistic quality and the abil...
Tags: Transportation, Washington, Tech, Automotive, Vw, Ford, Autonomous Vehicles, Volkswagen, Argo, Lidar, Aurora, VW Group, Ford Fusion Hybrid, Geiger, Pittsburgh Pennsylvania, Strip District


London-based EV maker Arrival soars 10% after announcing a vehicle-development partnership with Uber

Arrival product chief Tom Elvidge. Arrival Shares of London-based electric automaker Arrival soared Tuesday after the company struck a deal with Uber to develop a vehicle for ride-hailing drivers. Arrival said the car will reduce emissions as Uber has pledged for its London-based service to go fully electric by 2025. The Arrival Car's design is expected to be shown by the end of 2021. See more stories on Insider's business page. Shares of London-based electric automaker Arrival s...
Tags: Transportation, Electric Vehicle, Uber, Europe, London, Cars, Trends, Markets, North America, Air Quality, Emissions, Eastern Europe, Ev, Carla Mozee, Climate Crisis, Arrival


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


Ford, BMW lead Solid Power’s $130M Series B round

A Solid Power manufacturing engineer holds two 20 ampere hour (Ah) all solid-state battery cells for the BMW Group and Ford Motor Company. The 20 ampere hour (Ah) all solid-state battery cells were produced on Solid Power’s Colorado-based pilot production line. Source: Solid Power. Solid state battery systems have long been considered the next breakthrough in battery technology, with multiple startups vying to be the first to commercialization. Automakers have been some of the top investors in...
Tags: TC, Transportation, Colorado, Tech, Automotive, Ford, Bmw, Volkswagen, Ford Motor Company, BMW Group, McKenna, General Motors Ford, SSB, Mark Harris, Ford BMW, Solid State Batteries


Volvo AG and Daimler Trucks team up in hydrogen fuel cell joint venture

Competitors Volvo AB and Daimler Trucks are teaming up to produce hydrogen fuel cells for long-haul trucks, which the companies say will lower development costs and boost production volumes. The joint venture, which is called cellcentric, aims to bring large-scale “gigafactory” production levels of hydrogen fuel cells to Europe by 2025. While the two companies are teaming up to produce the fuel cells via the cellcentric venture, all other aspects of truck production will remain separate. The loc...
Tags: TC, Transportation, Europe, Tech, Tesla, European Union, Automotive, Volvo, Daimler, Bosch, Hydrogen Fuel Cell, Daimler Trucks, Volvo AB, Lars Stenqvist, Volvo AG, Volvo CTO


Volvo AB and Daimler Trucks team up in hydrogen fuel cell joint venture

Competitors Volvo AB and Daimler Trucks are teaming up to produce hydrogen fuel cells for long-haul trucks, which the companies say will lower development costs and boost production volumes. The joint venture, which is called cellcentric, aims to bring large-scale “gigafactory” production levels of hydrogen fuel cells to Europe by 2025. While the two companies are teaming up to produce the fuel cells via the cellcentric venture, all other aspects of truck production will remain separate. The loc...
Tags: TC, Transportation, Europe, Tech, Tesla, European Union, Automotive, Volvo, GreenTech, Daimler, Bosch, Hydrogen Fuel Cell, Daimler Trucks, Volvo AB, Lars Stenqvist, Volvo CTO


Sen. Richard Blumenthal says he's 'disappointed' Elon Musk is talking about a deadly crash involving a Tesla while it's under investigation

Tesla CEO Elon Musk. Chris Saucedo/Getty Images for SXSW Sen. Richard Blumenthal criticized Elon Musk's decision to tweet about a deadly crash. Authorities in Texas said Tesla's Autopilot was engaged when two people were killed in a crash in Houston this month. Musk dismissed the connection between the Autopilot and the crash on Twitter. See more stories on Insider's business page. Sen. Richard Blumenthal has called out Tesla CEO Elon Musk for his response to a fatal Tesla cras...
Tags: Transportation, Twitter, Elon Musk, Texas, News, Senate, Cars, Trends, Tesla, Connecticut, Houston, Wall Street Journal, Electric Car, Cnbc, Musk, Nhtsa


EasyMile raises $66M for its autonomous people-and-goods shuttles

We may still be a long way off from Level 5, fully self-driving cars on the open road, but companies building autonomous vehicles and shuttles for specific uses within closed-campus deployments say they are on their way to commercial operations and are raising money to get there. In the latest development, a startup out of Toulouse, France, called EasyMile — which builds shuttles for transporting both people and goods — has closed a Series B of €55 million ($66 million). The funding is being led...
Tags: TC, Transportation, Europe, Fcc, France, Funding, Tech, Automotive, Fiat, Toyota, Continental, Self-driving, Univision, Toulouse France, Ajit Pai, EasyMile


Porsche makes its case for an all-electric Taycan wagon

Porsche has always gone its own way when it comes to creating new vehicles. It is, after all, the company that continues to stick to the wacky idea that putting the weight of an engine in the rear of a sports car is a great idea. (It is!) So, bucking the crossover trend to create an all-electric, soft-roading wagon with just 20 more millimeters of clearance than their popular electric Taycan sedan isn’t out of character for the brand. Instead, it’s another example of how Porsche approaches elect...
Tags: Transportation, Tech, Automotive, United States, Glendale, Porsche, Electric Vehicles, Epa, Volkswagen, Kim, Glendale California, Los Angeles Basin, Big Bear, Cross Turismo, Taycan, Porsche Taycan


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


Elon Musk says pandemic supply-chain issues and a global microchip shortage resulted in 'insane difficulties' for Tesla

Elon Musk NurPhoto/Contributor/Getty Images Elon Musk said Tesla experienced significant supply chain hurdles in the last quarter. Musk cited the global chip shortage, as well as port delays, and COVID-19 restrictions in China. Supply-chain disruptions have impacted many US companies, causing shortages and price hikes. See more stories on Insider's business page. Elon Musk told investors during the Tesla's quarterly earnings call that the automaker has been forced to reckon with nu...
Tags: Transportation, Elon Musk, News, California, China, Cars, US, Samsung, Trends, Tesla, Bloomberg, Deloitte, Electric Car, Musk, Tech Insider, Zach Kirkhorn Tesla


Lyft sells self-driving unit to Toyota’s Woven Planet for $550M

Ride-hailing company Lyft has sold off its autonomous vehicle unit to Toyota’s Woven Planet Holdings subsidiary for $550 million, the latest in a string of acquisitions spurred by the cost and lengthy timelines to commercialize the technology that have occurred within the autonomous vehicle industry. Under the acquisition agreement announced Tuesday, Lyft’s so-called Level 5 division will be folded into Woven Planet Holdings. Lyft will receive $550 million in cash with $200 million paid upfront....
Tags: Transportation, Lyft, London, Tech, Automotive, Toyota, Autonomous Vehicles, Las Vegas, Hyundai, Zimmer, John Zimmer, Toyota Research Institute, Palo Alto California, Motional, Higashi Fuji, Aptiv


Airbus taps Luminar to test how lidar could be used to make flying safer and autonomous

Luminar Technologies is expanding its lidar business beyond automotive and into aviation through a partnership with Airbus. The collaboration with the French aerospace giant, which was announced Monday morning, marks the latest in a string of partnership announcements between Luminar and companies like Daimler, Volvo and Mobileye. Until now, these have exclusively focused on applying its light detection and ranging radar to automated vehicles on the ground — not in the skies. The partnership won...
Tags: TC, Transportation, Tech, Intel, Automotive, Aviation, Airbus, Volvo, Lidar, SPAC, Russell, Volvo Cars, Mobileye, Vertex, LUMINAR, Austin Russell


Funny Caption 94: Curb Your Enthusiasm

[Author: [email protected] (Francis Q)]
Tags: Transportation, Car, Funny Caption, Humour, Francis, Joke, Funny Photo


A 2017 lawsuit shows how electric car startup Lordstown paid outside workers to gin up 10,000 pre-orders per year

Vice President Mike Pence at the unveiling of the Lordstown Endurance. Lordstown Motors A 2017 lawsuit shows how Lordstown Motors banked some pre-orders for its upcoming pickup truck. The case reveals the company paid outside workers to generate up to 10,000 pre-orders per year. Experts warn pre-orders and reservations are flawed measures of a startup's potential. See more stories on Insider's business page. Electric vehicle startup Lordstown Motors has been paying salespeople to s...
Tags: Amazon, Transportation, Electric Vehicle, Elon Musk, News, Cars, Trends, Tesla, Gartner, Start-up, Electric, Electric Cars, Securities And Exchange Commission, Burns, Mike Pence, Fisker


Bosch sees a place for renewable fuels, challenging proposed European Union engine ban

Bosch executives on Thursday criticized proposed EU regulations that would ban the internal combustion engine by 2025, saying that lawmakers “shy away” from discussing the consequences of such a ban on employment. Although the company reported it is creating jobs through its new businesses, particularly its fuel cell business, and said it was filling more than 90% of these positions internally, it also said an all- or mostly-electric transportation revolution would likely affect jobs. As a case ...
Tags: TC, Transportation, Europe, White House, Tech, Eu, European Union, Regulation, Automotive, Electric Vehicles, Bosch, Denner, Taiwan Semiconductor Manufacturing Company, Volkmar Denner, Renewable Fuels, Synthetic Fuels


Micromobility’s next big business is software, not vehicles

The days of the shared, dockless micromobility model are numbered. That’s essentially the conclusion reached by Puneeth Meruva, an associate at Trucks Venture Capital who recently authored a detailed research brief on micromobility. Meruva is of the opinion that the standard for permit-capped, dockless scooter-sharing is not sustainable — the overhead is too costly, the returns too low — and that the industry could splinter. “Because shared services have started a cultural transition, people are...
Tags: Transportation, Tech, Artificial Intelligence, Software, Automotive, Tortoise, Lime, E-bikes, Micromobility, E-scooters, Trucks Venture Capital, Puneeth Meruva, EC Mobility Software, EC Mobility Hardware, Bird E-scooters, Lime E-scooters


Tesla's top lawyer has left Elon Musk's company for a 26-year-old billionaire's self-driving startup

Ben Margot/Associated Press Tesla's acting general counsel has joined the self-driving startup Luminar Technologies. Alan Prescott, who joined Tesla four years ago, will lead the startup's legal team. Intel executive Trey Campbell also joined the startup, It said. See more stories on Insider's business page. Tesla's top lawyer, Alan Prescott, has left the electric car company to join Luminar Technologies, a startup that develops laser sensors for self-driving cars, the co...
Tags: Transportation, Uber, Elon Musk, News, Cars, Trends, Tesla, Intel, Ford, Toyota, Self-driving Cars, Autonomous Cars, Volvo, Billionaire, Prescott, Russell


All the electric vehicles that stood out at the Shanghai Auto Show

The 19th annual Shanghai Auto Show delivered a bevy of electric and tech-centric vehicles this year. Chinese, European and U.S. automakers showed off their latest offerings in every price segment, from the budget-minded ​​Wuling Hong Guang Mini via a joint venture between SAIC Motor Corp., General Motors Co. and Liuzhou Wuling Motors Co. to the luxury Mercedes EQS  — and everything in between. Several automakers touted the capabilities of their driver assistance systems, using terminology that s...
Tags: TC, Transportation, Europe, Japan, China, Tech, Tesla, Hungary, Automotive, Vw, Electric Vehicles, Shanghai, Toyota, Getty, Volkswagen, North America


Tesla mulls cars tailored to China amid mounting criticisms

Tesla is working on vehicles tailored to Chinese consumers as complaints about the quality of its electric vehicles send shock waves through the internet in the country. The American EV giant is mulling new products that will be designed from the ground up for China, Grace Tao, a vice president at Tesla, told 21st Century Business Herald, a Chinese business news outlet, during the Shanghai auto show this week. The vehicles developed in China will also be sold globally, she added. At the same aut...
Tags: Apple, TC, Transportation, Asia, Elon Musk, China, Cars, Tech, Tesla, Automotive, Shanghai, Huawei, Wall Street Journal, Electric Car, Weibo, Tesla Model S


Huawei is not a carmaker. It wants to be the Bosch of China

One after another, Chinese tech giants have announced their plans for the auto space over the last few months. Some internet companies, like search engine provider Baidu, decided to recruit help from a traditional carmaker to produce cars. Xiaomi, which makes its own smartphones but has stressed for years it’s a light-asset firm making money from software services, also jumped on the automaking bandwagon. Industry observers are now speculating who will be the next. Huawei naturally comes to thei...
Tags: Apple, TC, Transportation, Asia, China, Supply Chain Management, Tech, Tesla, Intel, Artificial Intelligence, Automotive, Shanghai, Xiaomi, Nvidia, Baidu, Honda


No one behind the wheel in deadly Tesla crash Saturday night, say authorities

The National Highway Transportation Safety Administration is opening an investigation into a crash involving a Tesla that authorities say was operating with no one behind the wheel, which left two men dead on late Saturday evening outside of Houston. The 2019 Tesla Model S went off the road after it failed to negotiate a slight curve, local CBS-affiliate KHOU-TV reported. Harris County Precinct 4 Constable Mark Herman told local reporters that the accident was unprecedented. “Our office has neve...
Tags: TC, Transportation, Elon Musk, Tech, Tesla, Automotive, Cbs, Houston, Tesla Model S, Autopilot, Nhtsa, Herman, Houston Texas, KHOU TV, Tesla CEO Elon Musk, ADAS


Toyota has unveiled the first of 15 new electric vehicles it plans to sell by 2025

Toyota Toyota unveiled its new electric SUV at the 2021 Shanghai Auto Show. The car is similar to a RAV4 in design, but rides lower and has a yoke steering wheel. The new EV is one of 15 the company plans to make by 2025. See more stories on Insider's business page. Toyota debuted its new all-electric SUV concept car on Monday at the 2021 Shanghai Auto Show.The Toyota bZ4X is the first electric car under the company's new Beyond Zero (bZ) lineup of cars with zero carbon emissions....
Tags: Transportation, Electric Vehicle, Japan, News, China, Cars, Trends, Tesla, Ford, Toyota, Electric Car, Ford Mustang Mach, Toyota Toyota, Shanghai Auto Show, Toyota RAV4, Tech Insider


AutoX partners with Arbe to bring ultra-high resolution radars to its autonomous vehicle fleet

Tel Aviv-based ultra-high resolution radar startup Arbe Robotics has a new customer: Chinese autonomous driving company AutoX, which has procured 400,000 Arbe-based radar systems to go in its Level 4 fleet. The companies said in a statement that Arbe’s platform addresses “core issues” that have been the source of recent AV motor accidents, such as correctly identifying vulnerable road users like cyclists and pedestrians, detecting stationary objects, and removing false alarms caused by ambiguiti...
Tags: TC, Transportation, California, China, Tel Aviv, Tech, Automotive, Shanghai, Nvidia, Autonomous Vehicles, Radar, Daimler, Shenzhen, Bosch, Mediatek, Waymo



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