ISBX, a leading app development and software services agency, has partnered with OjO Electric LLC, a Light Electric Vehicle (LEV) mobility solutions company, to launch the first-ever sit-down electric scooter rideshare in Austin, Texas.
Robert Bosch Venture Capital GmbH (RBVC), the corporate venture capital company of the Bosch Group, is participating in AutoAI’s $104 million Series A. AutoAI strives to provide integrated Internet of Vehicle (IOV) solutions, based on big data and its smart cloud platform.
Magna, a mobility technology company and one of the world’s largest
automotive suppliers, delivered an update on its industry-first
multi-year collaboration with Lyft, during a press conference at the
2019 North American International Auto Show in Detroit.
Honda Canada Inc. announced a joint partnership with Toyota Canada and
Transition énergétique Québec that will invest in a hydrogen
infrastructure project on the south shore of Montreal to be completed by
the end of 2019.
Boeing have successfully completed the first test flight of its autonomous passenger air vehicle (PAV) prototype in Manassas, Virginia. Boeing NeXt, which leads the company’s urban air mobility efforts, utilised Boeing subsidiary Aurora Flight Sciences to design and develop the electric vertical takeoff and landing (eVTOL) aircraft and will continue testing to advance the safety and reliability of on-demand autonomous air transportation.
Mitsubishi Electric Corporation has announced that it has developed a multi-layered defence technology that protects connected vehicles from cyber attacks by strengthening their head unit’s defence capabilities. The technology will help realize more secure vehicle systems in line with the increasing popularity of vehicles that are equipped for connection to external networks.
Ronn Motor Group, Inc. have announced the execution of a definitive
three-way joint venture agreement with $100 million registered capital.
RONN will retain 51% controlling interest and its two new partners will
retain 30% and 19% collectively of the joint venture.
Toyota Motor Corporation and Panasonic Corporation have concluded a business-integration contract and a joint-venture contract toward the establishment of a new company related to the automotive prismatic battery business.
Bridgestone Europe NV/SA, a subsidiary of Bridgestone Corporation in
EMEA, has entered into an agreement with TomTom to acquire its
telematics business, for a cash consideration of €910 million ($1.04
billion), and they are renaming the venture Webfleet Solutions.
Human Horizons (HH), a Chinese startup focusing on “smart” technologies
and new energy vehicles, unveiled its Smart Road Demonstration Project
in Yancheng, China. It is based on Cooperative Intelligent
Transportation System (C-ITS) and is being delivered through HH’s “Open
Urban Road Test Project for Sensor Data Fusion and Computational