Startup LMP Automotive Holdings makes play for large New York dealer group
FORT LAUDERDALE, Fla. – Within a month of announcing plans to roll out an app to take advantage of consumers’ growing interest in vehicle subscriptions among other online activities, LMP Automotive Holdings made another significant move to get deeper into the…
Polish startup plans domestic EV production
Four Polish energy companies are joining together to create a domestic electric vehicle manufacturer, with a goal of producing 100,000 vehicles by 2023. The venture, ElectroMobility Poland, will produce cars under the Izera brand, named for a mountain range in…
Startup Emergency Safety Solutions develops tech for emergency signals to highlight disabled vehicles
One study by Impact Research found that more than 70,000 people are involved in crashes involving stationary and disabled vehicles each year in the U.S., including 566 fatalities. The study said fatalities can be avoided with enhanced lighting features on…
This Startup Has A Plan To Build The Missing Link For Self-Driving Cars
Data visualization of a street in San Francisco using Ouster lidar. Ouster For several years, technology companies have dangled the promise of a lidar sensor with no moving parts that is also small and cheap enough to embed on several…
Michigan AV startup names new CEO
Refraction AI, a Michigan startup developing autonomous delivery robots, appointed a former Ford Motor Co. and mobility-industry veteran its new CEO on Wednesday. Luke Schneider becomes Refraction AI’s CEO at a time when the pandemic has accelerated demand for automated…
UK start-up Cazoo doubles valuation to $2.6 billion as car sales shift online amid pandemic
Founded in 2018 by Zoopla creator Alex Chesterman, Cazoo aims to fill an eBay-shaped gap in the automotive industry. It’s now worth more than twice the $1 billion it was valued at in June, and has raised a total of…
SoftBank-backed used-car startup Kavak becomes first Mexican unicorn
MEXICO CITY (Reuters) – SoftBank-backed used-car platform Kavak has become Mexico’s first tech “unicorn” after reaching a $1.15 billion valuation in its latest funding round last month, Chief Executive Carlos Garcia told Reuters. FILE PHOTO: A logo of used autos…
Chinese Startup Xpeng Shows Off New Flying Vehicle At Beijing Auto Show
KEY POINTS The flying electric car can carry two people and levitate from 5-25 m It was not made clear when the car will hit the market Alibaba-backed Xpeng went public on the New York Stock Exchange in Aug Xpeng,…
EV startup Mullen to go public, launch MX-05 SUV and Dragonfly K50 sports car
Yet another EV startup has announced plans to go public via a so-called “reverse merger” with an already listed company. Southern California-based Mullen Technologies in early August agreed to a stock-for-stock reverse merger with Nasdaq-listed Net Element, a company that…
VW’s Traton takes stake in U.S. self-driving startup
Volkswagen Group’s Traton commercial truck unit is partnering with a self-driving startup that recently aligned with Navistar International, the U.S. manufacturer that VW’s truck unit is trying to acquire. Traton and TuSimple will team up initially to develop autonomous trucks…
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