How four European cities are embracing micromobility to drive out cars

The coronavirus pandemic is acting as a catalyst for urban transformation across Europe as city authorities grapple with how to manage urban mobility without risking citizens’ health or inviting gridlock by letting cars flood in. Micromobility and local commerce are being seen as both short and long-term solutions for urban revival in a number of […]

E-scooter startup Tier raises $250 million round led by SoftBank Vision Fund 2

Berlin-based micromobility startup Tier has raised a significant Series C round of $250 million. SoftBank Vision Fund 2 is leading the round, which proves that the Vision Fund team is still focused on high-risk, high-potential bets. As a reminder, SoftBank has invested in many late-stage funding rounds through its Vision Fund team. Portfolio companies include […]

Provizio closes $6.2M seed round for its car safety platform using sensors and AI

Provizio, a combination hardware and software startup with technology to improve car safety, has closed a seed investment round of $6.2million. Investors include Bobby Hambrick (the founder of Autonomous Stuff); the founders of Movidius; the European Innovation Council (EIC); ACT Venture Capital. The startup has a “five-dimensional” sensory platform that — it says — perceives, […]

Chinese autonomous vehicle startup Pony.ai hits $5.3 billion valuation

Pony.ai, the Chinese autonomous vehicle startup and relative newcomer to the industry, is now valued at $5.3 billion following a fresh injection of $267 million in funding. The round was led by TIP, an innovation fund within the Ontario Teachers’ Pension Plan Board that focuses on late-stage venture and growth equity investments in companies that […]

Outrider raises $65 million to bring its autonomous tech to distribution yards

Outrider, a startup aiming to bring its autonomous technology to the nerve center of the supply chain, has raised $65 million in funding just eight months after coming out of stealth. The Series B round was led by Koch Disruptive Technologies and brings its total funding raised to $118 million. Other existing investors increased their […]

Here integrates what3words’ super simple address system into its in-car API

Geocoding startup what3words — which chunks the world into 3mx3m squares, giving each a unique three-word label to simplify location sharing — has nabbed another in-vehicle integration, via a partnership with Here Technologies. The pair said today that OEMs using Here’s navigation platform can include what3words as an in-car nav feature directly through the Here […]

This former Tesla CIO just raised $150 million more to pull car dealers into the 21st century

“I have to choose my words carefully,” says Joe Castelino of Stevens Creek Volkswagen in San Jose, California, when asked about the management software on which most car dealerships rely for inventory information, marketing, customer relationships and more. Castelino, the dealership’s service director, laughs as he says this. But the joke has been on car […]

Feast your eyes on the all-new, all-electric GMC Hummer EV

GMC has a new all-electric version of its classic Hummer oversized SUV. This thing is a beast, as you might expect, with an advertised 350-mile range and a 3-second zero to 60 mph time. It’s a bit ridiculous to be honest, which is kind of what the Hummer has always been about so that makes […]

GMC reveals the Hummer EV: 1,000 HP, 350-mile range and 0-60 in ‘around 3 seconds’

General Motors today revealed the GMC Hummer EV, its first electric pickup. The vehicle has a 350-mile range, 1,000 HP and up to 11,500 pound feet of torque (through fuzzy math). And with a starting price of $80,000, it’s easily twice the cost of a gas-powered pickup. Yes, it sort of looks like the Tesla […]

Porsche is researching synthetic fuels to make gas-powered cars sustainable

The road to sustainable vehicles likely ends at electric cars, yet the route to this goal isn’t clear. There are multiple ways to get there, and Porsche is looking at synthetic fuels as a potential path. These so-called eFuels are produced from CO2 and hydrogen. If produced using renewable energy, they can help vehicles powered […]