THE CAR AND TRUCK FLEET AND LEASING MANAGEMENT MAGAZINE
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Venture Capital

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 Invests in LIDAR Company for Autonomy Plan

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.

XL Hybrids Raises $22M to Expand Fleet Business

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.

CarLotz Raises $30M in Funding

The funding, provided by TRP Capital, will help the company expand retail locations that serve corporate fleet customers including fleet management companies.

GM, Other Automakers Invest in Self-Driving Startup

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.

Driving Dynamics' Liggio Buys Out Retiring Owners

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.

VC Firms Back Green Car Tech

Two Silicon Valley venture capital firms announced investments in alternative-fuel technologies at the recent auto show in Detroit.