Sila Nano’s battery tech is now worth over $1 billion with Daimler partnership and $170 million investment

Sila Nanotechnologies and its battery materials manufacturing technology are now worth more than $1 billion. The company, which announced a $170 million funding led by Daimler and a partnership with the famed German automaker, started building out its first production lines for its battery materials last year. That first line is capable of producing the […]

Lidar and perception startup Innoviz raises $132 million

Innoviz, the Israel-based startup developing solid-state lidar sensors and perception software for autonomous vehicles, has raised $132 million in a Series C funding round that includes major Chinese financial institutions. The round, which makes Innoviz one of the better capitalized lidar startups, includes China Merchants Capital (SINO-BLR Industrial Investment Fund, L.P.), Shenzhen Capital Group and […]

AI chip startup Graphcore closes $200M Series D, adds BMW and Microsoft as strategic investors

UK AI chip startup Graphcore has announced a $200 million Series D round today that’s jointly led by an existing investor, European VC Atomico, along with new investor Sofina, an investment holding firm. Graphcore says the Series D values the company at $1.7M. We’ve confirmed the valuation is $1.5M before including the new capital raised. We’re also […]

Our 3 favorite startups from Urban-X’s 4th demo day

Urban-X, the urban-tech startup accelerator backed by MINI and early-stage urban-tech fund Urban.Us, hosted at its Brooklyn HQ a demo day today for its fourth cohort of companies. The seven presenting companies offered solutions to issues plaguing modern cities, including toll-road pricing, energy and construction management and even the inefficiencies of modern cycling helmets. In a day […]

Hear from the executives of Innoviz and Oryx Vision about the eyes and ears of the new automobile in Tel Aviv

The success of the autonomous vehicle revolution relies on complicated systems of sophisticated sensors working in harmony to provide the magic of sight to machines. OmerKeilaf, chief executive, Innoviz In Tel Aviv, we’ll hear from experts in the field as they discuss the technological marvels that are the driving force behind the transformation of mobility […]

Here and Naver Labs ink robotics deal to map indoor spaces

Your trip through the airport or train station may soon become a little more crowded — not with people, but with robots, busily scanning and plotting the space so that one day, even more of their cousins can zip around with your luggage and Shake Shack orders. Here, the mapping company majority-owned by Audi, BMW […]

BMW acquires Parkmobile parking app to help tackle city traffic

BMW has acquired Parkmobile, an app that provides guidance and services for those looking for parking in North America, including on-street and garage parking payments and spot reservation. BMW Group had already held a minority investment in the company, and owned its Parkmobile Group Europe affiliate, but today it increased its holdings to reach majority […]

BMW reaches 100,000 electric vehicle sales target for 2017

 BMW set out to sell 100,000 electric cars this year globally, and it has managed to do that, the company revealed today. That includes fully electric cars, as well as electrified vehicles like its plug-in electric Active Tourer 2-Series, Reuters reports. Its fully electric options include the i3 compact, which it debuted in 2013 but […]

BMW teams up with Solid Power to develop solid-state batteries for cars

 Automaker BMW is chasing that solid-state battery tech carrot, same as most everyone else in the industry. Today, it’s announcing a new partnership with battery technology company Solid Power to develop and commercialize the latter’s solid-sate battery technology for use in electric vehicles. Solid State already produces batteries made up of inorganic materials developed by […]

BMW, Daimler, Ford and Volkswagen team up on high-power charging network

 BMW Group, Daimler, Ford Motor Company, and the Volkswagen Group (with subsidiaries Audi and Porsche) will join up to create a high-power charging network for electric vehicles called “Ionity,” which will build and operate around 400 charging stations across Europe by 2020. The collaborative venture formed by the automakers is intended to make it easier […]