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Otonomo raises $46M in Series C Funding to expand Its automotive data services platform
Posted: 30 Apr 2020 04:26 AM PDT
Otonomo announced $46 million in series C funding. The round includes investments from SK Holdings, Avis Budget Group, and Alliance Ventures as well as participation from existing investors such as Bessemer Venture Partners. This round brings the company’s total funding raised to $82 million. SBD Automotive forecasts that connected cars will account for more than […]
Avnet Silica announces agreement with Qorvo for complete portfolio of leading-edge solutions for RF applications
Posted: 30 Apr 2020 04:20 AM PDT
Avnet Silica, an Avnet company, has announced a new supplier agreement with Qorvo, a provider of innovative radio frequency (RF) solutions. Avnet Silica will build upon one of the industry’s most complete portfolios for RF solutions to address the automotive market as well as a broad range of power management applications. The agreement extends Avnet’s […]
NIO announces entry into definitive agreements for investments in NIO China
Posted: 30 Apr 2020 04:19 AM PDT
NIO Inc. announced that it entered into definitive agreements for investments in NIO China with a group of investors (collectively, the “Strategic Investors”) led by Hefei City Construction and Investment Holding (Group) Co., Ltd., CMG-SDIC Capital Co., Ltd., and Anhui Provincial Emerging Industry Investment Co., Ltd. Under the definitive agreements, the Strategic Investors will invest […]
SK Innovation increases planned investment in U.S. EV battery business
Posted: 30 Apr 2020 04:18 AM PDT
SK Innovation announced that it plans for additional investment in its U.S. battery business, following approval by the SK Innovation Board of Directors to fund the start of construction of a second electric vehicle battery plant in Georgia. SK Innovation plans to invest a total of $2.5 billion in its U.S. battery business to build two plants at its site […]
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