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(Telematics News) Volvo Cars Tech Fund invests in Israeli technology start-ups MDGo and UVeye

Volvo Cars Tech Fund invests in Israeli technology start-ups MDGo and UVeye

Posted: 23 Jul 2019 05:18 AM PDT

Volvo Cars has made investments in two Israeli technology start-ups through the Volvo Cars Tech Fund, the company’s venture capital investment arm. Both UVeye and MDGo have their headquarters in Tel Aviv, where Volvo Cars has been involved with DRIVE, a so-called ‘accelerator’ for young companies in the mobility sector, since 2017. UVeye and MDGo […]

 


Cubic Telecom closes €23.5 Million in funding

Posted: 23 Jul 2019 05:17 AM PDT

Cubic Telecom, the connectivity management supplier to the Internet of Things and automotive industries, announced that it has secured €23.5 million in new funding from the European Investment Bank (EIB), the world’s largest international public bank. The investment will support Cubic’s further development of its software connectivity platform – PACE – through investments in R&D. The […]

 


FlixMobility completes new funding round led by TCV and Permira

Posted: 23 Jul 2019 05:17 AM PDT

FlixMobility GmbH, the parent company of global mobility platforms FlixBus and FlixTrain, has announced the completion of its Series F funding round co-led by TCV and Permira. The newest FlixMobility investors join existing shareholders including General Atlantic, an equity firm, and Silver Lake, an in technology investing, who have helped the company rapidly grow from […]

 


BYD, Toyota enter agreement to jointly develop BEV

Posted: 23 Jul 2019 04:20 AM PDT

BYD Company and Toyota Motor Corporation announced that they have signed an agreement for the joint development of battery electric vehicles (BEVs). The two parties will jointly develop sedans and low-floor SUVs as well as the onboard batteries for these vehicles and others with the aim to launch them in the Chinese market under the […]

 


Volvo Group and Samsung SDI enter strategic alliance for electromobility

Posted: 23 Jul 2019 04:19 AM PDT

The alliance will cover joint development of battery packs specifically developed for Volvo Group’s truck applications. Samsung SDI intends to provide battery cells and modules to meet the demand for the Volvo Group’s electric trucks. The intention is that Volvo Group will utilize Samsung SDI’s battery pack technology for assembly in Volvo Group’s manufacturing operations. 

 


Government unveils £80M investment to help develop the next gen of EVs and others

Posted: 23 Jul 2019 04:19 AM PDT

Government unveiled an £80M investment to help develop the next generation of electric vehicles – and which could also help develop new hybrid aircraft. The investment – through the modern Industrial Strategy – will help ensure the UK is able to supply products both in the UK and abroad, to help cut carbon emissions from […]

 


UK Power Networks launch UK’s first EV smart charging marketplace trial

Posted: 23 Jul 2019 04:19 AM PDT

The innovative trial called Shift, will see up to 1,000 electric vehicle owners offered financial incentives to charge their vehicle off-peak. It is estimated that charging electric vehicles could add significant demand to the local electricity network. The options are either to spend customers’ money on building new infrastructure to meet this increasing demand or […]

 

 

 

 

 

 

 

 

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