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Alliances & Acquisitions

Toyota and Servco Pacific partner to test a new car-sharing technology in Honolulu

Toyota and Servco Pacific Inc. have partnered to test a new car-sharing technology in Honolulu, Hawaii. When the employee-only pilot testing program concludes, Servco, the distributor of Toyota vehicles in Hawaii, will use the car-sharing technology to launch a new Honolulu-based car share business by the end of 2017. The …

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OmniVision collaborates with Netradyne to develop Driveri, a new aftermarket intelligent driving monitoring system

OmniVision Technologies, a developer of advanced digital imaging solutions has announced its technical collaboration with Netradyne, a commercial-vehicle technology solutions provider specializing in deep learning and artificial intelligence (AI), to develop Driveri, a new aftermarket intelligent driving monitoring system for commercial fleet vehicles and consumer automotive applications. Integrating OmniVision’s OV2775 …

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Wipro and Excelfore partner to offer secure connectivity solutions for next gen smart and autonomous vehicles

Wipro and Excelfore have entered into a global partnership to offer secure connectivity solutions for next generation smart and autonomous vehicles. It is known that Wipro is a global information technology, consulting and business process services company while Excelfore, a provider of middleware solutions for Smart Mobility Networks. This partnership …

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WABCO expanding its global FMS business to India acquires AssetTrackr

WABCO Holdings has announced that it is expanding its global fleet management solutions (FMS) business to India by acquiring AssetTrackr. WABCO signed an agreement to purchase 100% of AssetTrackr’s shares. The transaction is now subject to customary conditions precedent and expected to close by the fourth quarter 2017. It is …

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Sapcorda Services, a JV to bring high precision GNSS positioning services to mass market applications

Bosch, Geo++, Mitsubishi Electric and u-blox have announced the creation of Sapcorda Services GmbH, a joint venture that will bring high precision GNSS positioning services to mass market applications. The four parties recognized that existing solutions for GNSS positioning services do not meet the needs of emerging high precision GNSS …

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Toyota and Mazda agree to produce EVs in US and work on connected car technology

Toyota and Mazda have signed an agreement to enter a business and capital alliance, with the aim of further strengthening their lasting partnership. The companies agreed to: 1) Establish a joint venture that produces vehicles in the United States. 2) Jointly develop technologies for electric vehicles. 3) Jointly develop connected-car …

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Seven new companies join AGL

Seven new companies have joined AGL and The Linux Foundation: Brison, Karamba Security, Lear Corporation, Luxoft, Thundersoft, SafeRide Cyber Security and Wipro Ltd. It is known that automotive Grade Linux is a collaborative open source project that is bringing together automakers, suppliers, and technology companies to accelerate the development and …

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JLR invest in Maniv Mobility, fund dedicated to startups working on autonomous and connected vehicles

Tata Motors Ltd.’s Jaguar Land Rover is investing in Israeli venture capital fund-Maniv Mobility LP. The fund is solely targeting mobility startups. The investment was being done through Jaguar Land Rover’s corporate venture arm, InMotion Ventures. It is being reported that it was one of five strategic investors to have …

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Autonomous vehicle technology company Nauto receives investment of $159 million

nauto-t'wire

Nauto has closed a $159 million Series B financing round, led by a subsidiary of SoftBank Group Corp. and Greylock Partners. Other participants include previous strategic investors BMW iVentures, General Motors Ventures, Toyota AI Ventures and the venture unit of global financial services and insurance provider Allianz Group, and Series …

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Siyata Mobile enters into an integration and resale partnership with Nexar

Siyata Mobile has entered into an integration and resale partnership with Nexar, a community-based artificial intelligence (AI) dash cam application. Nexar is working on forming the world’s first vehicle-to-vehicle network connecting all the application dash cam instances into a real-time collision avoidance network. The AI software instantly detects dangers on …

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