Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi, announced that it has invested in the latest round of funding in Transit, a multi-modal transportation mobile app company based in Montreal, Canada.
Toyoda Gosei Co., Ltd. will establish a Corporate Venture Capital Department in January 2019. This new department will serve as the companyâ€™s centre for flexible and swift investment in startups and venture capital to accelerate open innovations for practical application and commercialization of new technologies and products.
InMotion Ventures, Jaguar Land Roverâ€™s venture capital fund, has invested in Montreal-based journey planner app, Transit. Transit helps people navigate and make better transport decisions in more than 175 cities worldwide.
Generali Country Italia and the Fiat Chrysler Automobiles Group have signed a letter of intent, the first step in a business and technological partnership which will develop innovative products and services for the automotive and connected vehicles sectors, and offer them to the insurance market.
The Volkswagen Group is making further progress with its work with quantum computers. For the first time, Volkswagen experts have succeeded in using a quantum computer to develop a traffic management system that will replace forecasting for urban traffic volumes, transport demand and travel times with precise calculations.
Project lead is CloudMade, with partners Aimsun, Birmingham City Council and Trakm8.
1-year feasibility study will take anonymized telematics data to help improve connected and autonomous vehicles (CAVs)
Ford Motor Co. and Volkswagen AG have been holding discussions to explore possibilities of jointly developing self-driving and electric vehicles. This kind of a strategic alliance, if it were to go through, could mean saving costs by billions of dollars for both companies.
Volvo Cars has reached an agreement with Baidu, the leading Chinese internet search provider, to jointly develop electric and fully autonomous drive-compatible cars with the aim of mass producing them for China, the largest car market in the world.
Harman International, a wholly-owned subsidiary of Samsung Electronics Co. Ltd., focused on connected technologies for automotive, consumer and enterprise markets, announced that the company is strengthening its presence in Israel.
Nishi-Nippon Railroad Co., Ltd. and Toyota Motor Corporation will begin trials in Fukuoka City from November 1 of the multi-modal mobility service â€œmy routeâ€ for smartphones, in collaboration with eight service providers in traffic, shop, and event information.
Alliance Ventures, the strategic venture capital arm of Renault-Nissan-Mitsubishi, has become the lead strategic investor of WeRide.ai (formerly JingChi.ai), a Chinese autonomous driving company focused on L4 self-driving technology, following completion of the companyâ€™s Series A funding.
Ford Motor Company and Baidu, Inc. announced the commencement of a two-year joint autonomous vehicle test project, under which the two companies will further advance the development and on-road testing of autonomous vehicles in China.