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The General Motors autonomous driving unit, GM Cruise Holdings, will receive $3.35 billion in new capital investment to further accelerate its research toward producing a market-ready fully autonomous vehicle, the company has announced.
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BMW i Ventures, a venture capital fund that specializes in finding and growing cutting-edge technology companies that are redefining the automotive industry, has invested in Blackmore Sensors and Analytics, Inc.
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XL Hybrids, Inc. has raised an oversubscribed Series D round of $22 million in venture capital funding to expand its sale and distribution of fleet vehicle electrification solutions to major customers across North America.
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The funding, provided by TRP Capital, will help the company expand retail locations that serve corporate fleet customers including fleet management companies.
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General Motors and Japan's Softbank have joined a group of other investors who have invested $159 million in Nauto, a Silicon Valley telematics company with technology designed to reduce distracted driving in commercial fleets.
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Art Liggio, Driving Dynamics' president and CEO, has acquired the fleet driver training company from its retiring founders with the help of an investment firm and Philadelphia-based financial institution.
Read More →Two Silicon Valley venture capital firms announced investments in alternative-fuel technologies at the recent auto show in Detroit.
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