Karn Dhingra Reporter covering mobility finance for Automotive News [email protected] See All Staff Page Recent Stories Startup Spartan Radar raised $17M from 8VC, Microsoft and others 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. Automated driving startup Phantom AI raises $36.5 million in latest funding round 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 raises $300 million in new funding round 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. EV charging company Lynkwell raises $30M from investment firm's affiliates 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. Auto cybersecurity firm predicts consumers will emerge as hackers; attacks expected on fleets, EV charging infrastructure Israeli auto cybersecurity firm Upstream expects consumers to emerge as hackers and to see increased attacks on fleets and EV charging infrastructure in 2023. Reynolds and Reynolds lead investor in $9M funding round for startup monetizing the driver experience Sheeva.AI is building an in-car payments software system that works off a vehicle's location. Outrider raises $73M in new funding 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 and CBRE Investment Management create $400M JV to electrify trucking at California ports 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. White hat hackers gain access to data at 7 more automakers Auto hackers penetrated BMW, Rolls-Royce, Jaguar-Land Rover, Mercedes-Benz, Porsche, Ferrari and Ford's customer and employee information. Sensor companies look to stand out at CES 2023 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. CES auto trends: EV infrastructure, battery tech, autonomous freight and cars as marketplaces emerge in 2023 Automotive and mobility sectors will expand their rapidly evolving digital transformation, said Consumer Technology Association chief economist Steve Koenig. Cepton's CES plan: Show investors lidar tech is ready for prime time Lidar company Cepton has a contract with GM and wants to use CES to sign up more customers in 2023. U.S. Postal Service fleet gets greener, with 66,000 EVs arriving through 2028 Congress gave the U.S. Postal Service $3 billion in the Inflation Reduction Act to buy more EVs for its fleet. Economy chills investments in EVs and mobility Caution ahead: Venture capitalists say EV and transportation tech investments face headwinds, more scrutiny Toyota teams with Texas utility Oncor to test ‘vehicle-to-grid' technology 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. Load More
Karn Dhingra Reporter covering mobility finance for Automotive News [email protected] See All Staff Page