On-demand parking startup SpotHero raises $50 million

SpotHero, the Chicago-based company that has developed an on-demand parking app, has raised $50 million in a Series D round led by Macquarie Capital. Union Grove Venture Partners participated in the round, along with existing investors, including Insight Venture Partners, Global Founders Capital, OCA Ventures, AutoTech Ventures and others, according to the company. SpotHero has […]

Shell’s first Greenlots electric vehicle fast charger lands in Singapore

Royal Dutch Shell, the energy giant known for its fossil fuel production and hundreds of Shell gas stations, is creeping into the electric vehicle-power business. The company’s first DC fast charger from its newly acquired company Greenlots launched Monday at a Shell gas station in Singapore. Greenlots, an EV charging startup acquired by Shell in […]

Optimus Ride’s Brooklyn self-driving shuttles begin picking up passengers this week

Self-driving startup Optimus Ride will become the first to operate a commercial self-driving service in the state of New York – in Brooklyn. But don’t expect these things to be contending with pedestrians, bike riders, taxis and cars on New York’s busiest roads; instead, they’ll be offering shuttle services within Brooklyn Navy Yards, a 300-acre […]

An autonomous robot EV charger is coming to San Francisco

Electrify America will pilot the tech designed for fleets Kirsten Korosec 1 day Electric-vehicle chargers today are designed for human drivers. Electrify America and San Francisco-based startup Stable are preparing for the day when humans are no longer behind the wheel. Electrify America, the entity set up by Volkswagen as part of its settlement with […]

Africa’s ride-hail markets are hot spots for startups and VC

When it comes to VC, vehicles, and startups, Africa’s ride-hail markets are becoming a multi-wheeled and global affair. The big players such as Uber and Bolt are competing in Kampala and Nairobi—where in addition to car-service—they offer rickshaw taxis. On-demand motorcycle startups are multiplying and piloting EVs with funds from international partners. And many ride-hail companies in Africa […]

Known for its electric scooters, Gogoro moves toward its future as a mobility platform

Since the launch of its first electric scooter in 2015, Gogoro co-founder and CEO Horace Luke has frequently been asked when the startup is going to expand beyond Taiwan. In its home country, Gogoro’s two-wheel vehicles, with their distinctive swappable battery system, are now the top-selling electric scooters. But Luke says the company has always […]

Ford and Volkswagen team up on EVs, with Ford the first outside automaker to use VW’s MEB platform

Automakers Ford and Volkswagen have announced a partnership today that covers a number of areas, including autonomy (via a new investment by VW in Argo AI) and collaboration on development of electric vehicles. This EV tie-up will see Ford use Volkswagen’s MEB platform, which it’s using as the core of its forthcoming line of consumer […]

Meituan, Alibaba, and the new landscape of ride-hailing in China

Instead of switching between apps to secure a ride during rush hour, people in China can now hail from different companies using a single app. Some of the country’s largest internet companies — including ride-hailing giant Didi itself — are placing bets on this type of aggregation service. The nascent model is reminiscent of a […]

Toyota testing improved solar roof for electric cars that can charge while driving

Toyota is testing a new and improved version of the solar power cells it previously launched on the Japan-exclusive Prius PHV, in a pilot along with partners Sharp and Japanese national research organization NEDO. This demo car’s prototype cells can convert solar energy at 34% and up, which is much better than the existing commercial […]

Waresix hauls in $14.5M to advance its push to digitize logistics in Indonesia

Waresix, one of a handful of startups aiming to modernize logistics in Indonesia — the world’s fourth most populous country — has pulled in $14.5 million to grow its 18-month-old business. This new investment, Waresix’s Series A, is led by EV Growth — the growth-stage fund co-run by East Ventures — with participation from SMDV […]