On Dec 6, Tomorrow.io, an AI-enabled platform for weather analytics, announced that it is going public through a merger with blank-check firm Pine Technology Acquisition Corp (PTOC) in a deal worth nearly $1.2 billion. The deal is expected to close in the first half of 2022....
Comments from Bill Russo, Founder & CEO of Automobility Ltd. The China auto market is experiencing a secular shift to electrification, which we covered in our recent November update titled The Inexorable Rise of Electric Vehicles in China. In this update we highlighted the fact that more...
On Dec 7, Elaphe, a provider of in-wheel electric propulsion systems for New Energy Vehicles, was granted €7 million by the Slovenian government for further technology advancements. The subsidy will serve as a springboard to secure further growth of this 150+ engineering team towards higher...
NOVEMBER 2021 UPDATE Comments from Bill Russo, Founder & CEO of Automobility Ltd. Overall automotive industry sales through November remain up 4.5% in China when compared with the same period of 2020, with passenger vehicles up 7.1% and commercial vehicle sales down 5.3%. Through November, ~3 million New...
Media source : Forbes by Russell Flannery, Forbes Staff Asia Dec 13, 2021,08:35am EST Unions currently have more backing in the U.S. than in many years. According to a survey by the Gallup polling organization released in September, support is at 68%, the highest level since 1965. On...
On Dec 2, Karamba Security, a provider of embedded cybersecurity solutions for connected devices and systems, announced it has secured $10 million in new funding in an extension to its B Round financing. VinFast, a member of Vingroup, the largest private conglomerate in Vietnam, led...
This issue highlights the $10M extension of Karamba Security's B-round of fundraising led by VinFast, a Vietnamese automaker. Automobility initiated the discussion among the parties which led to the investment. In addition, Automobility has joined the advisory board of Skyroads, an enbedded systems developer for Air...
To attract Tesla, the government rewrote its rules for foreign auto businesses, but now, the company is entering bumpier terrain Media source : The Wall Street Journal By Lingling Wei, Rebecca Elliott and Trefor Moss Dec. 4, 2021 12:00 am ET With the U.S. tightening technology exports to China in 2018,...
Last month, Arbe Robotics, a provider of the next-generation 4D Imaging Radar Chipset Solution, announced that it has been named a CES 2022 Innovation Awards Honoree for the Phoenix Perception Radar and that its 4D Imaging Radar Technology has won the Informa Tech Automotive Awards...
On Nov 23, Cipia, a leading provider of in-cabin computer vision AI solutions, announced that it has raised $22M as part of the company’s initial public offering (IPO). Cipia is expected to start trading on the Tel Aviv Stock (TASE) under the symbol CPIA. The Driver...