Cruise announced an equity investment of $1.15 billion from a group
comprising institutional investors, including funds and accounts advised
by T. Rowe Price Associates, Inc., and existing partners General
Motors, SoftBank Vision Fund and Honda.
EVgo, the nation’s largest public electric vehicle (EV) fast charging
network, announced that it has contracted for 100% renewable energy to
power its customers, becoming the first EV charging network in the
United States to do so.
Toyota has clocked up another significant milestone in Australia,
announcing that it has sold more than 100,000 fuel-efficient hybrid
electric vehicles since the Prius first went on sale locally in 2001.
Marvell Technology Group Ltd., a leader in infrastructure semiconductor
solutions, and Aquantia, Corp., a leader in Multi-Gig Ethernet
connectivity, announced a definitive agreement, approved by the boards
of directors of both companies, under which Marvell will acquire all
outstanding shares of Aquantia common stock in exchange for
consideration of $13.25 per share in cash.
The internet of things (IoT) is changing the world of mobility
fundamentally. Bosch will be showcasing its connected mobility solutions
at Bosch ConnectedWorld 2019 in Berlin, where the IoT sector meets to
discuss tomorrow’s world.
Ola Electric Mobility Pvt Ltd (Ola Electric) announced that Mr. Ratan
Tata, Chairman Emeritus of Tata Sons, has invested in the company as
part of its Series A round of funding. Mr. Tata is also an early
investor in ANI Technologies Pvt Ltd, Ola’s parent company.
ALD Automotive has signed an international framework agreement with
ChargePoint, Inc., a leading electric vehicle (EV) charging network, to
facilitate and accelerate the transition to e-mobility for international
corporate clients, small and medium companies and private individuals.
The City of Sacramento joined with EVgo, the largest public electric vehicle (EV) fast charging network in the US, to celebrate the public opening of California’s first-ever curbside high-powered charging plaza for electric vehicles at Southside Park.
Denso has taken a stake in Palo Alto, Calif.-based Bond Mobility Inc., the world’s only speed eBike sharing company that delivers high-performance micromobility services. The close of Bond’s $20 million series A funding round was led by Denso’s New Mobility Group out of its global headquarters in Japan, and Ininvest. Denso will use Bond’s technologies to accelerate the development of its Mobility as a Service (MaaS) model.
Tata Technologies, a global engineering services organisation, announced that it has entered into a strategic partnership with FutureMove Automotive, a leading high-tech Chinese enterprise specialising in connected services, to develop comprehensive and unique connected mobility solutions for automotive manufacturers in China and worldwide. The companies signed the Memorandum of Understanding (MoU) at Auto Shanghai, the biggest auto fair of the South East Asia region.
Tritium, a provider of electric vehicle (EV) DC fast charging technology, has opened its state-of-the-art research and development (R&D) centre, the largest of its kind in the world and the global centre for Tritium’s facilities in Europe and North America. The Tritium E-Mobility Innovation Centre in Brisbane, Australia, is part of a major expansion of Tritium’s headquarters. The shift to the new facilities will help increase production rates and allow for much faster time-to-market, while further enabling the rapid development of technologies which will continue to shape the EV roadmap worldwide.
Keysight Technologies, Inc., a technology company that helps enterprises, service providers and governments accelerate innovation to connect and secure the world, has joined forces with China’s leading automotive millimetre wave radar chipset design house, Calterah, to support the design, verification, test and launch of a new generation of automotive millimetre wave radar chipset that will drive development of the connected car supply chain.
Air Liquide and Chengdu Huaqi Houpu Holding co., Ltd (“Houpu”), finalised the creation of a joint venture for the development, production and distribution of hydrogen refilling stations for Fuel Cell Electric Vehicles: Air Liquide Houpu Hydrogen Equipment co., Ltd.
Hyundai Motor has launched comprehensive connectivity and design enhancements for the new Ioniq, the latest edition of its revolutionary eco-friendly model. As of its launch in 2016, Ioniq was the world’s first car planned from the start to offer three electrified powertrains – hybrid, plug-in hybrid and full electric.
Iteris, Inc., one of the global leaders in applied informatics for transportation, announced that it has been awarded two new contracts totaling more than $1 million to provide design, integration and operations services to the City of Inglewood and the City of Glendale’s traffic management centres (TMC), representing an expansion of Iteris’ operations services business in a core geographic market.
Ridecell Inc., the leading platform for shared and autonomous mobility operators, and Dataspeed Inc., a globally established drive-by-wire solution provider, announced a strategic partnership to enhance autonomous vehicle (AV) safety. The companies will begin leveraging each other’s technology and testing new technologies in real world conditions to improve vehicle safety.
Led by founding Managing Director Jim Adler, who also serves as
executive advisor at the Toyota Research Institute (TRI), Toyota AI
Ventures was founded in July 2017 as a subsidiary of TRI. In less than
two years, Toyota AI Ventures has invested in a diverse portfolio of 19
startups. Fund II brings the firm’s total assets under management to
more than $200 million to invest in and support promising startups
around the world.
At a special ribbon cutting event at the Brookhurst Community Centre, Anaheim Mayor Harry Sidhu joined EVgo, a public electric vehicle (EV) fast charging network, to celebrate the public launch of EVgo’s “Equal Access Charging Hubs” (EACH) programme, which promotes more sustainable communities through public education and expanded access to EV fast charging.
DeepMap announced that the company has expanded its leadership team with the appointment of Amer Akhtar as Chief Revenue Officer. Akhtar is an industry veteran with deep international business and automotive experience.
Electrify America announced collaboration with nine additional companies to host more than 30 ultra-fast electric vehicle charging stations across the US. The companies, ranging from popular grocery store chains to retail shopping centers, will help expand the availability of electric vehicle DC fast charging for customers who drive or are considering purchasing a zero-emissions vehicle.
Electra Meccanica Vehicles Corp., a designer and manufacturer of electric vehicles, has been awarded a patent in China by the National Intellectual Property Administration for the design of its proprietary battery cartridge.