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Tag Archives: investment

Mercedes-Benz announces $1 billion investment to strengthen manufacturing footprint in the U.S.

mercedes-benz-EQ-telematicswire

Mercedes-Benz has made an announcement that it will set up electric vehicle production in the US. The company will produce EQ-branded SUV at its Tuscaloosa plant in Alabama. The investment announcement made during the plant’s 20th-anniversary celebration. In total, Mercedes-Benz will invest $1 billion in the expansion of its industrial …

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Siemens invests $385,000 in Smart Columbus to support efforts in Connected Vehicle technology

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Siemens Intelligent Traffic Systems is providing an in-kind investment of its Connected Vehicle hardware and software technologies to Columbus, Ohio, the recent winner of the U.S. Department of Transportation’s (USDOT) Smart City Challenge. Siemens’ Connected Vehicle technology investment, valued at $385,000, aims to support the expansion of “Smart Columbus”, an …

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Volkswagen Group China and Mobvoi collaborate to develop Artificial Intelligence technologies

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Volkswagen Group China and Mobvoi Inc, a Chinese artificial intelligence (AI) company, have entered a strategic partnership to develop and implement AI technologies in cars. Top executives from the two companies signed a contract for a 50:50 joint venture between Volkswagen China Investment Co., Ltd. (VCIC) and Mobvoi Inc. targeting …

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Mobility Ventures invests €500K in IndoorAtlas

Mobility Ventures

USA: Mobility Ventures has announced an investment in a new indoor positioning and mapping technology company called Indoor Atlas, which utilizes magnetic anomalies inside buildings and smartphones to accurately pinpoint positions indoors. Roman Kikta, Managing Partner, Mobility Ventures, said:  “Indoor positioning is the next frontier for location based services, offering …

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Life360 family location app attracts investment from BMW

Life360 family location app

USA: Life360 has announced that BMW i Ventures, the venture capital company of BMW Group, has made a strategic, long-term investment in the mobile app company. Using location-based technology, Life360 enables its more than 30 million users to set up a private family network to see where their loved ones …

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DriveCam attains investment from Volvo Group

Volvo

USA: Volvo Group Venture Capital, a subsidiary to the Volvo Group, has made a strategic investment in DriveCam. Through the investment, Volvo Group becomes a minority shareholder in the company. DriveCam prevents collisions and reduces fuel costs by improving the way people drive. DriveCam’s solution addresses the causes of poor …

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Intel Capital invests $100 million in connected car fund

Intel

Germany: Intel Capital has declared a $100 million investment fund to help accelerate innovation and the adoption of new technology and services in the automotive industry. The Intel Capital Connected Car Fund will be invested globally over the next 4 to 5 years in hardware, software and services companies developing …

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Adnear attains US$6.3M investment for Singapore and India based mobile ads from Sequoia and Canaan

adnear

Bangalore: AdNear has announced that the company has achieved Series A funding round of US$6.3 million for its Singapore and India based mobile ads from Sequoia Capital and Canaan Partners.  The fund will be used to expand the team’s operations in other APAC countries. The money will be also used to increase …

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Motorola Solutions invests in TRX Systems

TRX Syatems - screenshot

USA: Motorola Solutions, through its strategic investment arm, Motorola Solutions Venture Capital, has announced its investment in TRX Systems. This investment will be used to fund integration of the TRX NEON Indoor Location System with Motorola Solutions radios, to expand the industrial and commercial location applications for which the TRX …

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GPS navigation app from Navmii gains £ 2 million as investment

navmii gps navigation app

London: Navmii Holdings has announced £ 2 million from investors as part of its current funding round. Navmii will use the funds to further enhance the core GPS navigation services with extra crowd-sourcing features and accelerating growth plans into 22 new territories including China and Russia. Since launching in late …

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