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Agilis Systems will expand its offering of fleet management technology following a "significant investment" from private equity firm Spectrum Equity, the Chesterfield, Missouri-based telematics provider announced. The amount of the investment wasn't disclosed.
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The cooperation comprises five joint ventures: Reach Now for multimodal services, Charge Now for charging, Free Now for taxi ride-hailing, Park Now for parking, and Share Now for carsharing.
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General Motors has invested $20 million two Michigan assembly plants to increase capacity to produce its 10-speed automatic transmission and crossovers such as the Chevrolet Traverse, the company has announced.
Read More →French multinational energy services provider Schneider Electric plans to offer fleet management services for companies and agencies considering adding electrified vehicles to their fleet with funding from its new fund, Schneider Electric Ventures.
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General Motors investment arm, GM Ventures, has invested in MapAnything, a telematics service provider that was integrated with OnStar in 2017, MapAnything has announced.
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Deliv’s Series C brings together a broad base of leading technology, automotive, transportation, mall REITs, and logistics companies.
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If the San Francisco-based ride-hailing app goes public with that value, it would be worth three times as much as Ford, and more than twice as much as Tesla.
Read More →Lunewave, an Arizona-based startup focused on building new sensor technology for autonomous vehicles, has received $5 million in backing from Fraser McCombs Capital, BMW i Ventures, Baidu Ventures, and other investors.
Read More →Fiat Chrysler Automobiles is opening a new, state-of-the-art facility at its Chelsea Proving Grounds in Michigan to accelerate its development and testing of autonomous vehicles and advanced safety technologies. Testing programs are slated to begin this month.
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Toyota Motor Corp. will invest $500 million Uber Technologies, Inc. to speed up efforts to bring an autonomous ride-hailing service to market. Each company will integrate its technology into purpose-built Toyota Sienna minivans that will be deployed on Uber's network.
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