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Posts Tagged ‘automotive’

The Math of Sisyphus

"There is but one truly serious question in philosophy, and that is suicide," wrote Albert Camus in The Myth of Sisyphus. This is equally true for a human navigating an absurd existence, and an artificial intelligence navigating a morally insoluble situation. ...

Convoy raises $400 million to expand its on-demand trucking platform

Convoy, the digital freight network that connects truckers with shippers, has raised $400 million in a Series D funding round as it aims to scale its business amid an increasingly competitive market. The funding round brings Convoy’s post-money valuation to $2.75 billion. The round was co-led by Generation Investment Management and previous Convoy investor T. ...

Chinese EV startup Xpeng Motors raises $400 million, takes on Xiaomi as strategic investor

Xpeng Motors, the Chinese electric vehicle startup backed by Alibaba and Foxconn, has raised a fresh injection of $400 million in capital and has taken on Xiaomi as a strategic investor, the company announced. The Series C includes an unidentified group of strategic and institutional investors. XPeng Motors Chairman and CEO He Xiaopeng, who also ...

Elon Musk picks Berlin for Tesla’s Europe Gigafactory

Elon Musk said Tuesday during an awards ceremony in Germany that Tesla’s European gigafactory will be built in the Berlin area. Musk was onstage to receive a Golden Steering Wheel Award given by BILD. “There’s not enough time tonight to tell all the details,” Musk said during an onstage interview with Volkswagen Group CEO Herbert ...

UCLA now has the first zero-emission, all-electric mobile surgical instrument lab

Electrification in the automotive industry isn’t just about consumer cars: There are plenty of commercial and specialist vehicles that are prime candidates for EVs, including in the healthcare industry. Take the new UCLA mobile surgical lab developed by Winnebago, for instance — it’s a zero-emission, all-electric vehicle that will move back and forth between two ...

OLX Group invests up to $400M in used car marketplace Frontier Car Group at $700M valuation

Frontier Car Group, the Berlin-based startup building used-car marketplaces targeting high-growth, emerging markets, has picked up another significant round of funding from a strategic backer also focusing on the same geographical opportunity. Today, OLX, the online classifieds division Prosus (the digital division of Naspers that listed earlier this year in Europe) announced that it would ...

Lyft is adding Chrysler Pacificas to its AV fleet and opening a new dedicated self-driving test facility

Lyft has another year of building out its autonomous driving program under its belt, and the ride-hailing company has been expanding its testing steadily throughout 2019. The company says that it’s now driving four times more miles on a quarterly basis than it was just six months ago, and has roughly 400 people worldwide dedicated ...

Elon Musk will reveal Tesla’s ‘Cybertruck’ all-electric pickup on Nov. 21

Tesla CEO Elon Musk said Wednesday that the company will unveil its all-electric “cyber truck” Nov. 21 in Los Angeles near the serial entrepreneur’s other company SpaceX. The date just so happens to coincide with the LA Auto Show. However, this is a Tesla event and not associated with the auto show in downtown Los ...

Ford built an electric Mustang with a manual transmission. And we’re mad.

Ford wants the world to take notice of its plans for electric vehicles. And what better way than to build an all-electric Mustang fastback with a six-speed manual transmission? And that has us angry over here because it’s a gigantic tease of a prototype that will never make it into production. Or least that’s what Ford ...

Talking to Zero Motorcycles’ CEO and taking home the 2020 SR/F

The motorcycle industry is shifting to electric. Harley-Davidson signaled the trend this year, becoming the first big gas manufacturer to release a street-legal e-motorcycle in the U.S., the LiveWire. But before Harley’s EV pivot, California-based startup Zero Motorcycles had been selling e-motos for years. “We’re an electric motorcycle and power-train manufacturer founded in 2006 in ...