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Greece’s Marathon Venture Capital completes first close for Fund II, reaching $47M

Greece’s Marathon Venture Capital completes first close for Fund II, reaching M Marathon Venture Capital in Athens, Greece has completed the first closing of its second fund, reaching the €40m / $47M mark. Backing the new fund is the European Investment Fund, HDBI, as well as corporates, family offices and HNWIs around […]

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Daimler invests in lidar company Luminar in push to bring autonomous trucks to highways

Daimler invests in lidar company Luminar in push to bring autonomous trucks to highways Daimler’s trucks division has invested in lidar developer Luminar as part of a broader partnership to produce autonomous trucks capable of navigating highways without a human driver behind the wheel. The deal, which comes just days after Daimler […]

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Ford, Bosch, and Bedrock announce an automated valet parking garage in Detroit

Ford, Bosch, and Bedrock announce an automated valet parking garage in Detroit Ford, Bosch, and Bedrock Technologies today announced an automated valet parking demonstration in downtown Detroit. This system is designed to allow drivers to exit a vehicle and the vehicle would park itself in the parking structure. Systems in a Ford […]

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The Station: The startups edition

The Station: The startups edition The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hello and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages […]

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Otonomo raises $46 million to expand its automotive data marketplace

Otonomo raises million to expand its automotive data marketplace New vehicles today can produce a treasure trove of data. Without the proper tools, that data will sit undisturbed, rendering it worthless. A number of companies have sprung up to help automakers manage and use data generated from connected cars. Israeli startup Otonomo […]

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Car2go hikes hourly rental rates by as much as a third

Car2go hikes hourly rental rates by as much as a third By-the-minute car rental service Car2go is raising its rates for short trips under the guise of variable pricing, the company announced to its users today. As we’ve seen with other variably priced services like delivery and ride hailing, in practice this […]

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Proterra, the Tesla of electric buses, closes in on $1 billion valuation

Proterra, the Tesla of electric buses, closes in on billion valuation Proterra has authorized shares to raise $75 million, a new round of funding that would push the electric bus maker’s valuation past $1 billion, TechCrunch has learned. The company authorized the sale of 10,857,762 shares at a price of $6.91 in […]

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Daimler and Bosch’s driverless parking gets OK to operate without human supervision

Daimler and Bosch’s driverless parking gets OK to operate without human supervision We’ve reached a new milestone in the long road to getting AI-based self-driving systems to be truly autonomous. Daimler and Bosch have now received approval from German regulators to run their automated driverless parking function without a human safety driver […]

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BMW and Daimler partner on autonomous driving, first results of team-up in market by 2024

BMW and Daimler partner on autonomous driving, first results of team-up in market by 2024 Global automakers BMW and Daimler will join forces in a new long-term partnership to co-develop automated driving technologies, including levels of automation all the way up to SAE Level 4, which is defined as full self-driving, no […]

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How safe are robotaxis? BMW, Intel, Aptiv (and 8 others) just laid out a safety blueprint

How safe are robotaxis? BMW, Intel, Aptiv (and 8 others) just laid out a safety blueprint Self-driving vehicles are often trumpeted as the answer to the million of injuries and deaths that occur each year on the world’s roadways. Developers and proponents of the technology argue that an automated system that can […]

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