Posts filtered by tags: Automotive[x]


 

Autonomous trucking startup Embark to go public in $5.2B SPAC deal

Five-year old self-driving truck startup Embark Trucks Inc. said Wednesday it would merge with special purpose acquisition company Northern Genesis Acquisition Corp. II in a deal valued at $5.2 billion. Embark takes a different approach to autonomous trucking: As opposed to manufacturing and operating a fleet of trucks themselves, which is the route rival TuSimple is taking, Embark offers its AV software as a service. Carriers and fleets can pay a per-mile subscription fee to access it. The comp...
Tags: Startups, TC, Transportation, Funding, Tech, Automotive, Private Equity, Sequoia Capital, Department Of Transportation, Embark, Cto, Autonomous Driving, HP Inc, SPAC, Elaine Chao, Anheuser Busch Inbev


Inside GM’s startup incubator strategy

GM has launched a series of new subsidiaries in the past year tackling electrification, connectivity and even insurance — all part of the automaker’s aim to find value (and profits) beyond its traditional business of making, selling and financing vehicles. These startups, including numerous ones that will never make the cut, get their start under Vice President of Innovation Pam Fletcher’s watch. Fletcher, who joined TechCrunch on June 9 at the virtual TC Sessions: Mobility 2021 event, runs a gr...
Tags: TC, Transportation, Electric Vehicle, Tech, General Motors, Automotive, Electric Vehicles, Mary Barra, Gm, Volt, Chevy Bolt, Pam Fletcher, Chevrolet Volt, Chevy Volt, Fletcher, Cruise Automation


How Amazon-owned Zoox designed its self-driving vehicles to prevent crashes

The hubbub surrounding the autonomous vehicle industry often focuses on venture capital rounds, speculation about IPOs and acquisitions. But the industry’s future also hinges on the high-stakes task of proving the technology can operate safer than human drivers do today and gaining the public’s trust. In short: safety matters. Zoox issued a safety report Tuesday that aims to give new insight into its custom electric autonomous vehicle and describes in greater detail various design details aimed ...
Tags: Amazon, Transportation, Electric Vehicle, Tech, Automotive, Electric Vehicles, Autonomous Vehicles, Nhtsa, Rosekind, Autonomous Vehicle, National Highway Traffic Safety Administration, Mark Rosekind, Zoox, Zoox Zoox


First drive: 2021 Mercedes-Benz S-Class

Mercedes-Benz has used the “best or nothing” tagline to market its vehicles for the last 21 years. To ensure its 2021 Mercedes-Benz S580 sedan ticks that “best” box, the German automaker has loaded its flagship vehicle with technology, including an infotainment system that learns to anticipate its owner’s needs, some new rear-steering tricks and upgrades to its advanced driver assistance features. With a price tag that starts at a steep $110,850, it’s the luxury car for the exceedingly well-heel...
Tags: Transportation, La, Los Angeles, Tech, Automotive, Nvidia, Hud, Mercedes Benz, Mercedes, Hyundai, Tegra, Montecito, Tamara Warren, Ford Toyota, Mercedes Benz Mercedes, MBUX


Lidar company Quanergy to go public via $1.4B SPAC deal

Quanergy Systems, the Sunnyvale, California-based lidar company, said Tuesday it has agreed to merge with special purpose acquisition fund CITIC Capital Acquisition Corp., a Chinese blank-check firm affiliated with the country’s largest state-owned investment conglomerate. The deal, which puts an implied valuation on Quanergy at $1.4 billion, is expected to close in the second half of 2021. After closing, the transaction will inject the lidar company with around $278 million in pro forma net cas...
Tags: TC, Transportation, China, Funding, Samsung, Tech, Tesla, Bloomberg, Automotive, United States, Private Equity, Autonomous Vehicles, Volvo, Lidar, Daimler, Citic


Porsche to make high-performance batteries in joint venture with Customcells

Luxury sports car manufacturer Porsche AG is going into the battery business. The automaker said Monday it plans to open a new factory that will produce high-performance cells through a joint venture with lithium-ion battery developer Customcells. Porsche invested in “the high double-digit millions” in the new joint venture, dubbed Cellforce Group GmbH, executive board member Michael Steiner told reporters in a media briefing ahead of the announcement. The factory also benefited from a €60 milli...
Tags: Transportation, Europe, Tech, Basf, Tesla, Automotive, Vw, Porsche, Panasonic, Chemical, Battery Ventures, Volkswagen Group, Steiner, Oliver Blume, Porsche AG, Michael Steiner


Taking a Bite From the Apple: Why Privacy Is at the Heart of iOS 15

Earlier this month, Apple previewed its new operating system iOS 15, which included a host of privacy changes designed to give users better control over how their data is accessed, managed and shared. The update followed from iOS 14.5, which many brands and app developers saw as the first step by Apple to limit their...
Tags: Apple, Advertising, Automotive, Voice, Data Security


The Station: Waymo nabs more capital, Cruise taps a $5B credit line and hints about Argo’s future

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. A few Extra Crunch items highlight before we jump into things. This week, we published an interview with Refraction AI co-founder and CTO Matthew Johnson-Roberson as part of an ongo...
Tags: Google, Amazon, Transportation, Electric Vehicle, Europe, UK, Microsoft, Australia, California, Washington, China, San Francisco, Tech, Tesla, Austin, Cruise


Electric Vehicles to the Rescue in Action-Packed Campaign for Daimler’s Smart Cars

As the world moves away from the pollution of internal combustion vehicles, electric cars are front and center as the heroes of this action-packed campaign from Smart, the brand owned by German auto manufacturer Daimler. Created by Berlin agency Heimat, the ads take on the style of action movie scenes to show the perks of...
Tags: Berlin, Advertising, Automotive, Daimler Created


Next-generation battery may unlock the future for electric vehicles

To curb global warming, policymakers say, we need to switch from gas-powered cars to driving clean, non-polluting electric vehicles. Major automakers plan to make that happen, promising a full line of electric vehicles by 2030. But there’s just one little speed bump on the road to electrification: We don’t have the capacity to make enough batteries for all those plug-ins. Electric vehicle sales will jump four-fold in the U.S. in the next five years, climbing from 1.8% of all car sales in 2020 to...
Tags: Energy, Business, Elon Musk, Science, Technology, Environment, Tesla, Sport, Automotive, Soccer, United States, Autos, Harry Potter, Biden, Department Of Energy, Cornell University


Robot siblings find harmony in Škoda’s ad for new electric car

From the hero of 2008 Pixar classic WALL-E and beyond, cute robot characters have provided creative fuel for filmmakers and advertisers alike. ?koda, the Volkswagen-owned car brand, is the latest to imagine a charming world of artificial intelligence (AI) with its tale about two robot siblings who learn to overcome their differences. The campaign promotes...
Tags: Advertising, Automotive, Volkswagen, Skoda


Robot Siblings Find Harmony in Škoda’s Ad for Its First Electric SUV

From the hero of 2008 Pixar classic WALL-E and beyond, cute robot characters have provided creative fuel for filmmakers and advertisers alike. ?koda, the Volkswagen-owned car brand, is the latest to imagine a charming world of artificial intelligence with its tale about two robot siblings who learn to overcome their differences. The campaign promotes ?koda's...
Tags: Advertising, Automotive, Volkswagen, Skoda


Ford acquires Electriphi as it prepares to woo EV fleet customers

Ford has two electric vehicles in the pipeline —  the E-Transit cargo van and F-150 Lighting Pro —aimed at commercial customers. Now, the automaker is rounding out its future EV commercial business with the acquisition of battery management and fleet monitoring software startup Electriphi. Terms of the acquisition weren’t disclosed. Ford is betting that the software developed by the three-year-old San Francisco startup will help it capture more than $1 billion in revenue just from charging by 20...
Tags: TC, Transportation, Electric Vehicle, San Francisco, Tech, Automotive, Ford, Electric Vehicles, Ghadiali, Electriphi, Muffi Ghadiali, Ford Pro


Canoo wants to connect owners to all of their vehicles — not just Canoo’s

Electric vehicle startup Canoo detailed some of the features that may be on its app on Thursday, foremost of which is a one-stop shop functionality that customers could use for their Canoo vehicles – and all their other cars, as well. This unusual approach to its branded vehicle app could potentially pay off big-time for Canoo in terms of user data and revenue via sales on services like tire replacements and insurance. If the average Canoo driver owns two other vehicles, that could mean that 50,...
Tags: Apple, Transportation, Apps, Tech, App, Automotive, Electric Vehicles, Netherlands, Oklahoma, Aquila, Treiber, Solera Holdings, Kranz, Stefan Krause, Ulrich Kranz, VDL Nedcar


Lordstown Motors reverses claims about “binding orders” for electric pickup truck

Lordstown Motors does not have binding orders from customers for its electric Endurance pickup truck — a reversal from claims made earlier this week by company executives in an effort to restore confidence in the troubled company, according to a regulatory filing released Thursday. Lordstown Motors interim CEO Angela Strand and President Rich Schmidt made a series of statements Tuesday at an Automotive Press Association event that drove up shares in the company, including that it has enough “bin...
Tags: Transportation, Electric Vehicle, Tech, Automotive, Electric Vehicles, SEC, Securities And Exchange Commission, Don, SPAC, Lordstown, U S Securities and Exchange Commission, Steve Burns, Automotive Press Association, Hindenburg, Workhorse Group, Electric Pickup Truck


Lincoln’s first EV will arrive in 2022 with three more to follow

Lincoln Motor will launch its first all-electric vehicle in 2022 followed by three other EVs as part of the luxury brand’s goal to electrify its entire portfolio by the end of the decade. The first EV will come to market just in time for Lincoln’s 100th birthday celebration — and nearly four years since initial reports emerged that the brand was aiming to electrify its lineup. Like GM’s luxury brand Cadillac, Lincoln doesn’t have an all-electric vehicle in its lineup. But Lincoln is keen to catc...
Tags: TC, Transportation, Tech, Automotive, United States, Ford, Electric Vehicles, Shanghai, Gm, Lincoln, Lincoln Motor, Cadillac Lincoln, China Lincoln, Lincoln Aviator, Rivian, Corsair Lincoln


Investors Clara Brenner, Quin Garcia and Rachel Holt on SPACs, micromobility and how COVID-19 shaped VC

Few people are more closely tapped into the innovations in the transportation space than investors. They’re paying close attention to what startups and tech companies are doing to develop and commercialize autonomous vehicle technology, electrification, micromobility, robotics and so much more. Clara Brenner, co-founder and managing partner of Urban Innovation Fund; Quin Garcia, the managing director of AutoTech Ventures; and Rachel Holt, co-founder and general partner of Construct Capital talke...
Tags: TC, Transportation, Events, Tech, Automotive, Garcia, Holt, Rachel Holt, AutoTech Ventures, Quin Garcia, Urban Innovation Fund, Clara Brenner, Event Recap, TC Sessions: Mobility 2021, Clara Brenner Quin Garcia, Mobility 2021


GM increases EV and AV investments to $35B through 2025

General Motors Co. has yet again upped the amount it says it will spend on electric and autonomous vehicle investments, saying Wednesday that it would spend $35 billion through 2025 – an $8 billion increase from its previous plan announced in November 2020. The company has set a target to bring 30 new EVs to the global market 30 by 2025 and to transition to all-zero-emission by 2035. With the new investment, GM said it will add new electric commercial trucks to its North American plan, as well a...
Tags: Transportation, Tech, General Motors, Cruise, Automotive, United States, Ford, Electric Vehicles, Mary Barra, Gm, Autonomous Vehicles, Honda, Pittsburgh, General Motors Co, Navistar, LG Chem


Self-driving trucks startup Kodiak Robotics snags investment, partnership from Bridgestone

Tire-making giant Bridgestone has taken a minority stake in Kodiak Robotics, the Silicon Valley-based startup developing autonomous trucks, as part of a broader partnership to test and develop smart tire technology. While the terms of the deal weren’t disclosed, Kodiak Robotics co-founder and CEO Don Burnette told TechCrunch that this is a direct financial investment. Bridgestone CTO Nizar Trigui has also joined the Kodiak board as an observer. The deal involves more than capital. The two compan...
Tags: Transportation, Asia, Tech, Automotive, Dallas, Silicon Valley, Autonomous Vehicles, Houston, Self-driving Trucks, Kodiak, BRIDGESTONE, Mountain View California, Burnette, Don Burnette, Kodiak Robotics, Bridgestone CTO Nizar Trigui


Pfaff Harley-Davidson Develops the Tough Turban, a Protective Innovation for Sikh Motorcycle Enthusiasts

Freedom – freedom to ride – is at the heart of a new innovation championed today by Pfaff Harley-Davidson. The Tough Turban was conceived and designed by Toronto’s Zulu Alpha Kilo, the dealership’s creative partner, which developed this advancement using impact-resistant materials to better protect motorcycle enthusiasts.    The design features emerging technologies in protective gear like non-Newtonian foam that hardens on impact, 3D-printed chainmail and a composite fabric used i...
Tags: India, Advertising, Toronto, Canada, Automotive, Harley Davidson, Zulu Alpha Kilo, Dan Cummings, Pfaff Harley Davidson, Sikh Motorcycle Enthusiasts, Brandon Durmann, Vic Bath


Polestar to build its first all-electric SUV in the United States

Polestar, Volvo Car Group’s standalone electric performance brand, will manufacture its first all-electric SUV in the United States. The automaker said Wednesday that the Polestar 3 will be assembled at a plant shared with Volvo Cars at a factory in Ridgeville, South Carolina. The Polestar 3 follows the all-electric Polestar 2 sedan and the hybrid grand tourer Polestar 1. Production of Polestar 3 is expected to begin globally in 2022. Polestar COO Dennis Nobelius said production in the U.S. will...
Tags: Transportation, China, Tech, Tesla, Automotive, United States, Electric Vehicles, Volvo, Geely, Volvo Cars, Volvo Car Group, Polestar, Dennis Nobelius, Ridgeville South Carolina, Zhejiang Geely Holding of China Volvo, Polestar Volvo Car Group


Volvo Cars wants to make a concept car using “fossil-free” steel

Volvo Cars wants to be climate-neutral by 2040, and it has set its sights on a major vehicle component that’s notoriously difficult to decarbonize: steel. The automaker has partnered with Swedish company SSAB, which manufactures “fossil-free” steel, for a limited amount of the material to be used in a concept car as early as 2025. A climate-neutral car is considered by many to be a moonshot goal, not least because of the challenge in decarbonizing components like steel. The steel industry, which...
Tags: TC, Transportation, Tech, Automotive, Volvo, Steel, Vattenfall, Fisker, Volvo Cars, SSAB, Volvo Car Group, Luleå Sweden, Decarbonization, LKAB SSAB, Kerstin Enochsson, Enochsson


Scale AI CEO Alex Wang weighs in on software bugs and what will make AV tech good enough

Scale co-founder and CEO Alex Wang joined us at TechCrunch Sessions: Mobility 2021 this week to discuss his company’s role in the autonomous driving industry and how it’s changed in the five years since its founding. Scale helps large and small AV players establish reliable “ground truth” through data annotation and management, and along the way, the standards for what that means have shifted as the industry matures. Good data is the “good bones” of autonomous driving systems Even if two algor...
Tags: TC, Transportation, Tech, General Motors, AV, Artificial Intelligence, Automotive, Electric Vehicles, Toyota, Autonomous Vehicles, Cybernetics, Robotics, Self-driving Car, Aurora, Wang, ADAS


Chinese startup Pony.ai plans to launch a driverless robotaxi service in California in 2022

Pony.ai, the robotaxi startup that operates in China and the United States, has started testing driverless vehicles on public roads in California ahead of plans to launch a commercial service there in 2022. The company said the driverless vehicle testing, which means the autonomous vehicles operate without human safety drivers behind the wheel, is happening daily on public roads in Fremont and Milpitas, California. Pony.ai is also testing its driverless vehicles in Guangzhou, China. Pony.ai said...
Tags: TC, Transportation, Asia, California, China, Tech, Cruise, Automotive, United States, Electric Vehicles, DMV, Toyota, Autonomous Vehicles, Baidu, Guangzhou, FREMONT


Founders Ben Schippers and Evette Ellis are riding the EV sales wave

EV sales are driving demand for services and startups that fulfill the new needs of drivers, charging station operators and others. Evette Ellis and Ben Schippers took to the main stage at TC Sessions: Mobility 2021 to share how their companies capitalize off the new opportunities presented by the electric transportation revolution. Ellis is the co-founder and chief workforce officer of ChargerHelp, an on-demand EV charging station repair company. She spoke about how the company approaches hirin...
Tags: Transportation, Events, Tech, Automotive, Ben Schippers, Ellis, U S Department of Labor, Evette, TezLab, Event Recap, TC Sessions: Mobility 2021, ChargerHelp, Evette Ellis, Kameale Terry, Mobility 2021, EC TechCrunch TC Mobility


Cruise secures $5B credit line to buy electric, autonomous Cruise Origin vehicles from GM

Cruise, the self-driving subsidiary of GM, has tapped a $5 billion line of credit from the automaker’s financial arm to pay for hundreds of purpose-built electric and autonomous Origin vehicles as they start to roll off the assembly line. The access to the credit provided by GM Financial will push Cruise’s “total war chest” to more than $10 billion as it prepares for commercialization, CEO Dan Ammann wrote in a blog post Tuesday. Pre-production of the Cruise Origin, which was first unveiled in J...
Tags: Transportation, Tech, Cruise, Automotive, Electric Vehicles, Gm, Autonomous Vehicles, Honda, Milford, Dan Ammann, Detroit Hamtramck, GM Financial, Detroit Hamtramck Assembly, Cruise Origin


Autonomous delivery startup Nuro moves into logistics with FedEx

Nuro, the autonomous delivery startup founded in 2016 by former Google engineers Dave Ferguson and Jiajun Zhu, is expanding into parcel logistics through a partnership with FedEx. The multi-year, multi-phased strategic partnership announced Tuesday aims to test and ultimately deploy Nuro’s second-generation R2 autonomous delivery vehicle within FedEx operations. Unlike others in the autonomous vehicle industry, Nuro has always focused its efforts on designing a low-speed electric self-driving ...
Tags: Google, Transportation, Tech, Walmart, Automotive, Electric Vehicles, Houston, Logistics, Fedex, Memphis Tennessee, Plano, Manchester New Hampshire, Dean Kamen, Frisco Texas, Dave Ferguson, Autonomous Delivery


BMW and Ford-backed Solid Power will go public via SPAC merger in $1.2B deal

Solid Power, a solid-state battery developer backed by Ford and BMW, is going public. The company said Tuesday it would head to the NASDAQ via a merger with special purpose acquisition company Decarbonization Plus Acquisition Corp III at a post-deal implied market valuation of $1.2 billion. The transaction is expected to generate around $600 million in cash, including a $165 million private investment in public equity (PIPE) transaction from investors Koch Strategic Platforms, Riverstone Energy ...
Tags: TC, Transportation, Tech, Automotive, Ford, Bmw, Volkswagen, Nasdaq, Nyse, Ford Motor Company, SPAC, BMW AG, Neuberger Berman, Mark Harris, Solid State Batteries, Microvast


Jaguar Land Rover to develop a Defender-like hydrogen fuel cell EV

Jaguar Land Rover is developing a hydrogen fuel cell vehicle based on the new Defender SUV and plans to begin testing the prototype next year. The prototype program, known as Project Zeus, is part of JLR’s larger aim to only produce zero-tailpipe emissions vehicles by 20236. JLR has also made a commitment to have zero carbon emissions across its supply chain, products and operations by 2039. Project Zeus is partially funded by the UK government-backed Advanced Propulsion Center. The automaker ha...
Tags: Transportation, UK, Tech, Automotive, United States, Electric Vehicles, IEA, Jaguar, Jaguar Land Rover, Bmw, Toyota Mirai, Hydrogen Fuel Cells, International Energy Agency, China Japan, Korea Japan, InMotion Ventures


How autonomous delivery startups are navigating policy, partnerships and post-pandemic operations

We kicked off this year’s TC Sessions: Mobility with a talk featuring three leading players in the field of autonomous delivery. Gatik co-founder and chief engineer Apeksha Kumavat, Nuro head of operations Amy Jones Satrom, and Starship Technologies co-founder and CTO Ahti Heinla joined us to discuss their companies’ unique approaches to the category. The trio discussed government regulation on autonomous driving, partnerships with big corporations like Walmart and Domino’s, and the ongoing impa...
Tags: TC, Transportation, Tech, Walmart, Automotive, Autonomous Vehicles, Cto, Starship Technologies, Ahti Heinla, Nuro, Gatik, Event Recap, Mobility 2021, Apeksha Kumavat Nuro, Amy Jones Satrom, Jones Satrom