Berlin’s Blacklane raises $26M to expand its high-end chauffeur-driven sustainable car service

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Betting on China’s driverless future, Toyota, Bosch, Daimler jump on board Momenta’s $500M round

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Otonomo raises $46 million to expand its automotive data marketplace

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Wrench’s on-demand vehicle repair and maintenance service picks up $20 million

Wrench, the Seattle-based on-demand vehicle maintenance and repair service for consumers and fleets, has raised $20 million in its latest round of financing. The company’s round was led by Vulcan Capital, with additional participation from Madrona Venture Group, Tenaya Capital and Marubeni Corp. Wrench is one of a growing number of companies using technology to […]

Uber spent $457 million on self-driving and flying car R&D last year

Uber spent $457 million last year on research and development of autonomous vehicles, flying cars (known as eVTOLs) and other “technology programs” and will continue to invest heavily in the futuristic tech even though it expects to rely on human drivers for years to come, according to the company’s IPO prospectus filed Thursday. R&D costs […]

Sony venture arm invests in geocoding startup what3words

Sony’s venture capital arm has invested in what3words, the startup that has divided the entire world into 57 trillion 3-by-3 meter squares and assigned a three-word address to each one. Financial details were not disclosed. The startup’s novel addressing system isn’t the whole story. The ability to integrate what3words into voice assistants is what has […]

ChargePoint is adding 2.5M electric vehicle chargers over the next 7 years

Electric vehicles still make up just a fraction of the cars, trucks and SUVs on the road today. But that’s changing: The number of electric and plug-in hybrid cars on the world’s roads exceeded 3 million in 2017. By 2025, there are expected to be 20 million electric vehicles in just North America and Europe. […]

Taxify is entering the e-scooter game

Estonian ride-hailing company Taxify will compete with Bird and Lime in Europe with its new brand of e-scooters, called Bolt, launching in Paris on Thursday. The company has rolled the scooter sharing service into its mobile app, which has attracted 10 million users in 25 countries since it launched in August 2013. A spokesperson for […]

Uber’s European rival Taxify raises $175M led by Daimler at a $1B valuation

There’s a new unicorn in the global ride-hailing space after Taxify, a startup born in Estonia that does battle with Uber across Europe and Africa, closed $175 million in new funding that takes it valuation to the $1 billion mark. Daimler, the German automotive giant which owns Mercedes-Benz among other things, led the round. The investment […]

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 […]