Tag: Transportation

Capture investment opportunities created by megatrends

BMW Group’s Neue Klasse lineup to focus on circular economy to achieve reduction in CO2 emissions

The BMW Group announced Thursday its intentions to commit to a 50% reduction from 2019 levels in global carbon dioxide emissions during the use-phase of its vehicles by 2030, as well as a 40% reduction in emissions during the life cycle of the vehicle. These goals, including a plan to focus on the principles of…
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2 September 2021 0

Cruise is buying solar energy from California farmers to power its electric, self-driving fleet

Cruise, the self-driving car company under General Motors, has launched a new initiative called Farm to Fleet that will allow the company to source solar power from farms in California’s Central Valley. The San Francisco Chronicle was the first to report the news that Cruise is directly purchasing renewable energy credits from Sundale Vineyards and…
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26 August 2021 0

Musk admits Full Self-Driving system ‘not great,’ blames a single stack for highway and city streets

It hasn’t even been a week since Tesla hosted its AI Day, a livestreamed event full of technical jargon meant to snare the choicest of AI and vision engineers to come work for Tesla and help the company achieve autonomous greatness, and already CEO Elon Musk is coming in with some hot takes about the…
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24 August 2021 0

The tough calculus of emissions and the future of EVs

Mark Mills Contributor Mark Mills is the author of the forthcoming book, “The Cloud Revolution: How the Convergence of New Technologies Will Unleash the Next Economic Boom and a Roaring 2020s.” He is a senior fellow at the Manhattan Institute, a Faculty Fellow at Northwestern University’s McCormick School of Engineering. More posts by this contributor…
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22 August 2021 0

General Motors issues third recall for Chevrolet Bolt EVs, citing rare battery defects

General Motors is recalling even more Chevrolet Bolt electric vehicles due to possible battery cell defects that could increase the risk of fire. This latest recall, announced by the automaker on Friday, marks the third time GM has issued the consumer notice for the Bolt. The second recall, which was issued in July, covered 2017…
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20 August 2021 0

Top four highlights of Elon Musk’s Tesla AI Day

Elon Musk wants Tesla to be seen as “much more than an electric car company.” On Thursday’s Tesla AI Day, the CEO described Tesla as a company with “deep AI activity in hardware on the inference level and on the training level” that can be used down the line for applications beyond self-driving cars, including…
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20 August 2021 0

RepairSmith raises $42M Series B to bring auto repair to customers’ doorsteps

Needing to get your car fixed is like having a toothache: It’s painful, hard to ignore and likely means someone messing around under the hood. RepairSmith, launched in 2019, wants to make that process a little smoother through its mobile auto repair service that sends a mechanic right to the driver’s home. The startup is…
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19 August 2021 0

Brazil’s Kovi closes $104M Series B to make car ownership ‘more inclusive’ in LatAm

We sometimes take for granted that most anyone who wishes to become say, an Uber driver, can do so. But that assumption is a narrow view considering there are many people who would love to earn income in that way but can’t because of lack of car ownership (and all that goes with it) —…
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18 August 2021 0

The Nuro EC-1

Six years ago, I sat in the Google self-driving project’s Firefly vehicle — which I described, at the time, as a “little gumdrop on wheels” — and let it ferry me around a closed course in Mountain View, California. Little did I know that two of the people behind Firefly’s ability to see and perceive…
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16 August 2021 0

Indian bike taxi service Rapido raises $52 million

Rapido, a bike taxi aggregator in India, said on Monday it has raised $52 million in a new financing round as the six-year-old startup looks to find space in a category dominated by Ola and Uber in the South Asian market. The six-year-old startup’s new funding — Series C — was financed by Shell Ventures,…
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16 August 2021 0