by dankeelan | Jun 27, 2024 | Auto Industry, Electric Vehicles, Featured, Investment
The cash infusion is expected to help Rivian pay for development of its more affordable models. Volkswagen is investing $5 billion in Rivian, with the new joint venture expected to deliver new vehicles within the next five to ten years. Rivian’s founder and CEO,...
by dankeelan | Sep 1, 2022 | Investment, Smart Cities
A smart city is one of the buzzwords in the business environment and IT sphere. The notion of a smart city is a promising one. It offers many options and solutions for efficient organization of urban spaces and cooperation between systems within the city as well as...
by dankeelan | Feb 17, 2022 | Investment, Mobility
When Ibex Investors founder and CEO Justin Borus looks at the transportation industry — and the technological changes that are coming — he sees one of the biggest opportunities in a lifetime. And with a fresh $113 million fund focused on early stage mobility...
by dankeelan | Feb 3, 2022 | Autonomous Vehicles, Investment, Rideshare
Interest in self-driving vehicle technologies has grown during the pandemic, particularly as surges in infections make deliveries and taxi rides riskier. Markets and Markets optimistically predicts that autonomous car sales will reach 62.4 million units by...
by dankeelan | Jan 27, 2022 | Investment, Michigan, Mobility
May Mobility, an autonomous vehicle technology company based in Ann Arbor, has announced the initial closing of a Series C round of funding with an investment of $83 million led by Mirai Creation Fund II, a managed fund of Sparx Group Co. Other new investors are Tokio...
by dankeelan | Jan 20, 2022 | Artificial Intelligence, Investment
Honda Motor today announced that, in December 2021, the company had invested in California based Helm.ai to strengthen its software technology development in the areas of artificial intelligence (AI) and computer vision technology. The automaker said Helm.ai had key...
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