With a $1.1 billion pre-money valuation, Nikola Motor Companyâ€™s CEO Trevor Milton announced that he anticipates the $200 million C round will be oversubscribed with more than $100 million already raised and funded this month.
Xtalic Corporation, a provider of nano-scale metal alloys and coatings, has announced that it has entered the electric vehicle market with products that extend the life of connectors in electric battery chargers by up to 40 times.
Avis Budget Group, Inc. announced a multi-year deal with Lyft in which Avis will add thousands of vehicles to the Lyft Express Drive program in cities across North America. The partnership will make it easier for people to drive with Lyft without the cost and burden of car ownership.
The Schaeffler Group in cooperation with Roland Arnold and Paravan GmbH agreed on a master agreement for the formation of a joint venture company. The transaction is pending regulatory approval by Germanyâ€™s Federal Cartel Office.
Centrica plc has announced a multi-million-pound investment in Driivz, an Israeli start-up that offers end-to-end software solutions for electric vehicle (EV) charging. Ombu Group, a leading investor in advanced industrial technology companies, has co-led the investment, which forms part of a Â£9 million ($12 million) funding round.
OmniAir Consortium, an association promoting interoperability and certification for ITS, tolling, and connected vehicles, is developing cybersecurity test specifications for DSRC based Connected Vehicle devices.
Bringing together nearly 200 manufacturers, suppliers, and developers across various industries, JASPAR works to identify and resolve common issues faced by the vehicle electronics sector and encourages the industry to adopt new automotive technology.
moovel Group products are used by five million people. The Daimler subsidiary is a Mobility-as-a-Service pioneer. The term Mobility-as-a-Service (MaaS) refers to the bundling of various types of public transportation, such as buses, subway, car sharing, bike sharing, and taxis, to form a multimodal transportation solution.
Hertz will assist with the operations and management of Aptivâ€™s Las Vegas autonomous vehicles (AVs). Aptivâ€™s technology powers safe and reliable AVs in cities worldwide with Las Vegas serving as the initial North American commercial deployment market.
Faraday Future (FF) announced that the first complete body-in-white (BiW) for the FF 91, an all-purpose fully connected luxury EV, has successfully initiated full-vehicle assembly following its arrival at the new FF Hanford factory two days ahead of schedule.
Drive.ai has launched its pilot self-driving taxi service in Frisco, Texas. With a mission to create self-driving technology that solves peopleâ€™s transportation problemsâ€Š, the start-up has partnered with Frisco TMA to design a program that serves the community and brings them to and from the places they want to go.