Shares of Hyundai Motors Co. climb more than 20% on potential EV deal with Apple

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Indian tech startups raised a record $14.5B in 2019

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EV startup Rimac scores $90M investment from Hyundai and Kia

Rimac Automobili, the European EV startup that landed an investment from Porsche last year, has again gained the backing of traditional automakers after Hyundai Motor Company and Kia Motors jointly invested €80 million, or around $90 million. Beyond the significant cash infusion, the three parties said the deal includes “a strategic partnership to collaborate on […]

Grab pulls in $250M from Hyundai as ongoing round reaches $2.7B

Grab, the Singapore startup that bought Uber’s Southeast Asia business earlier this year, continues to announce strategic investors for its ongoing Series H funding round. The latest edition revealed today is Korean automotive firm Hyundai, which is investing $250 million. Hyundai first invested in Grab in January, and it joins recently announced investors Microsoft (undisclosed) […]

Mercedes-Benz turns to SoundHound for in-vehicle voice assistant

Drivers of new Mercedes-Benz A-Class vehicles will soon be able to talk to their cars. And the cars will respond. Ask the car to turn on the heads-up display or for sports scores. Say you’re hungry and it will suggest restaurants. The new in-vehicle assistant utilizes local and cloud data to provide drivers plenty to […]

Hyundai leads $14.3M investment in Indian car rental startup Revv

Korean automaker Hyundai is jumping into India’s on-demand mobility space after it led a $14.3 million investment in car-rental startup Revv. Hyundai, which is the second largest seller of cars in India, initially announced an undisclosed investment in Revv this week, but now the startup has confirmed that the capital is part of a larger 100 […]