May 6, 2020 | Autonomous Vehicles, Investment
In the months since the coronavirus prompted shelter-in-place orders around the world, entire companies, industries, and economies have been decimated. One market that appeared poised to escape the impact was autonomous vehicles, particularly in the case of companies...
Apr 16, 2020 | Business, Electric Vehicles, Investment
Electric vehicle pioneer Tesla got a big boost of confidence from Wall Street Wednesday. Goldman Sachs says buy shares now. “We expect 2020 [industry] fundamentals to be very challenging cyclically,” wrote analyst Mark Delaney in a Wednesday research report....
Mar 26, 2020 | Business, Investment, Smart Cities
Toyota Motor Corp and Nippon Telegraph and Telephone Corp have agreed to work together on developing smart cities and will invest 200 billion yen ($1.8 billion) in each other to cement the relationship, the two companies said on Tuesday. The two companies will develop...
Mar 12, 2020 | Detroit, Electric Vehicles, Investment
U.S. automaker General Motors announced it’s making a $20 billion investment by 2025 in electrification, including EV architecture development, battery cell development and investments in EV charging infrastructure. The automaker also revealed its new Ultium...
Mar 12, 2020 | Autonomous Vehicles, Investment
Neolix Technologies, a self-driving logistics startup based primarily in Beijing, today confirmed that it closed a roughly RMB 200 million ($29 million) series A+ financing round in February of this year. The company said that the proceeds will be put toward ramping...
Mar 5, 2020 | Business, Investment, Mobility
Bolt Mobility, a Miami Beach-based electric scooter company co-founded by Olympic sprinter Usain Bolt, announced Tuesday that it closed a Series A funding round, bringing total investment to $30 million at a $100 million valuation. Why it matters: Bolt, led by...
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