Karn Dhingra

The funding will help the Los Alamitos, Calif., company deliver its flagship Ago software-based program that improves driver-assist systems' resolution and range to market.

Bay Area startup Phantom AI said Wednesday it has closed its series C funding round. Currently, the company is focused on speeding the development of driver-assist technology.

Battery startup Our Next Energy Inc., known as ONE, closed a $300 million investment round, the company said Wednesday. It came amid broad economic headwinds and funds ongoing construction at its Michigan factory.

Lynkwell will use the funds to build out its EV charging infrastructure across North America and scale up its operations and expand support services for existing and new charging network developers.

Israeli auto cybersecurity firm Upstream expects consumers to emerge as hackers and to see increased attacks on fleets and EV charging infrastructure in 2023.

Sheeva.AI is building an in-car payments software system that works off a vehicle's location.

Fresh funding for Outrider, a Colorado startup developing self-driving systems for truck yard operations, will allow the company to scale its technology faster and add employees both domestically and abroad.

Forum Mobility's $400 million joint venture with CBRE Investment Management is the latest zero-emission self-driving trucking deal with a real estate component.

Auto hackers penetrated BMW, Rolls-Royce, Jaguar-Land Rover, Mercedes-Benz, Porsche, Ferrari and Ford's customer and employee information.

While the industry faces hurdles, including global economic headwinds, rising borrowing rates, mergers, bankruptcies and shutdowns, it remains one of the main features at the sprawling CES technology show.

Automotive and mobility sectors will expand their rapidly evolving digital transformation, said Consumer Technology Association chief economist Steve Koenig.

Lidar company Cepton has a contract with GM and wants to use CES to sign up more customers in 2023.

Congress gave the U.S. Postal Service $3 billion in the Inflation Reduction Act to buy more EVs for its fleet.

Caution ahead: Venture capitalists say EV and transportation tech investments face headwinds, more scrutiny

Toyota said it will collaborate with Oncor, a Dallas electric transmission and distribution company, on a pilot project testing out its vehicle-to-grid technology.