Daimler
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Daimler’s electric short-haul city trucks are coming to the U.S.
Daimler’s Fuso eCanter trucks, which are fully electric and have a range of 60 miles per charge, are making their way to the U.S. for the first time (via Reuters) for customers in New York City. Daimler’s announcement of the move for its Mitsubishi Fuso trucking unit comes at the same time as Elon Musk has set the reveal of Tesla’s all-electric semi truck for October… Read More
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Quick-charging battery startup StoreDot gets $60M on $500M valuation led by Daimler
As we continue to see a proliferation of wireless connected devices make their way into the mainstream consumer electronics market, there has been growing attention on a key issue that will be central to making all these devices work: efficient power supplies, and specifically practical battery systems. Today, one of the startups that’s hoping to lead the conversation on how this… Read More
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Mercedes-Benz will electrify its entire car lineup by 2022
Mercedes-Benz is the latest automaker to embrace electrification, announcing that it will be electrifying its entire vehicle lineup by 2022. Get used to it: Car makers are going to be making these announcements at an increasing clip, especially now that China, the most important car market in the world, has announced plans to eventually move to ban the sale of fossil fuel vehicles. Read More
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Turo raises $92M and acquires Daimler’s Croove car-sharing business
Turo has a new strategic partner in automaker Daimler, with ties solidified through both an investment by Daimler in the car-sharing startup and through the acquisition by Turo of Croove, Daimler’s own Turo-like subsidiary. The funding is part of a new $92 million Series D round raised by Turo, which was also led by South Korean giant SK Holdings, in addition to Daimler, and which… Read More
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Via raises $250M led by Daimler to bring its carpooling technology to Europe
As outsized ridesharing companies like Uber and Lyft continue to build out their taxi-style marketplaces largely based around connecting individual passengers to individual drivers, a startup focused squarely on the carpooling opportunity has raised a large round of funding to expand outside of the U.S. Via — which has developed a shuttle-based carpooling service that it offers directly… Read More
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Smart’s autonomous concept car literally says “Hello”
Smart’s concept of a future autonomous vehicle is, as you might expect from the Daimler-owned automaker, small and adorable. But it’s even easier to anthropomorphize than the existing Smart lineup, thanks to built-in features designed to support self-driving, like external displays front and back for communication, and fully transparent doors that looks like two large, wide… Read More
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Crunch Report | KKR Buys WebMD for $2.8 Billion
KKR is buying WebMD for $2.8 billion, Didi and SoftBank invest $2 billion into Grab, Daimler and Bosch create a driverless parking garage and the next Microsoft HoloLens gets an AI chip. All this on Crunch Report. Read More
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Daimler and Bosch create a driverless parking garage
Daimler and Bosch teamed up to bring autonomous driving tech to one of the more annoying parts of driving – finding and parking a vehicle. Their automated valet system is debuting today at the parking garage for the Mercedes-Benz Museum in Stuttgart, Germany, making it easy for vehicles to simple drive up, leave their vehicle, and trust the system to negotiate the multi-story parking… Read More
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Uber rival Careem closes $500M raise at $1B+ valuation as Daimler steps in
Amid ongoing struggles at Uber, one of its stronger regional rivals in transportation on demand has raised a significant round of funding, picking up a significant strategic investor in the process. Careem, a transportation startup currently in 80 cities across the Middle East, has raised another $150 million — closing out a $500 million Series E round that it confirmed in December when… Read More
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New Smart Fortwo EV: fewer dollars, more miles
Mercedes-Benz announced the price of its new electric 2017 Smart Fortwo: $23,800 for the hard-top coupe and $28,000 for the cabrio with a sliding canvas roof. The new coupe’s price is $1,200 less than the outgoing model, but the cabrio’s price is exactly the same. Besides the price, there are some practical improvements for the new Fortwo EV. Read More
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Savari works to bring 5G to connected cars
In these early days of smart cities and connected cars, Savari has emerged as a V2X (that’s vehicle-to-everything) innovator. Now it’s joined the 5G Automotive Association to bring cellular communications to connected cars. Read More
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Daimler and Bosch: fully autonomous cars within 5 years
Look out, startups. The big guns are taking on autonomous driving with serious intent. Daimler, one of the largest vehicle manufacturers in the world, announced that it is partnering with Bosch, one of the largest automotive tech and hardware suppliers in the world, to bring fully autonomous vehicles to urban roads “by the start of the next decade.” It’s already 2017, so… Read More
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Daimler leads ChargePoint’s new $82M round for EV charging network growth
Campbell, Calif.-based ChargePoint secured a new $82 million funding round, led by automaker Daimler. The new funding will help ChargePoint expand its network of electric vehicle charging stations in Europe, as the company pursues its goal of making charging stations for EVs as readily available and convenient as gas stations. The funding round also includes existing investors BMW i… Read More
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Daimler’s Smart will focus on electric vehicles exclusively in North America
The adorable little Smart cars you see on North American roads from here on out will likely be primarily electric, as the company has decided to cease sales of its gas-powered Fortwo and Fortwo Cabrio in the U.S. and Canada from 2017 on. It sounds like the decision has less to do with overwhelming demand for electric Smart cars, however, and more to do with the North American… Read More
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Crunch Report | ACLU Enrolls in Y Combinator
We are joined by the CEO of Product Hunt, which was just acquired by AngelList, the ACLU enrolls in Y Combinator, Daimler builds a self-driving car for Uber and top poker players lose to an AI developed by Carnegie Mellon. All this on Crunch Report. Read More
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Daimler to operate self-driving cars on Uber’s network
Daimler and Uber have announced a partnership that will see the automaker introduce its own self-driving cars for use on Uber’s ride sharing service. The team-up is the second alliance Uber has struck with a car maker in pursuit of its goal of delivering self-driving service to users, the first of which was struck with Volvo and resulted in the XC90 self-driving test car that serves… Read More
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Daimler close to buying Taxibeat in Greece for around $43M
Automakers are continuing to ramp up their holdings in the world of on-demand transportation services, and in the latest development, Germany’s Daimler is closing in on a deal to acquire Taxibeat, a profitable ride-hailing app based out of Athens, for a price of around €40 million ($43 million). The deal — which would roll Taxibeat into the same Daimler division that includes… Read More
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Daimler leads $17.2M round in rolling delivery drone startup Starship Technologies
Daimler has led a new $17.2 million funding round in Starship Technologies, a startup created by Skype founders Ahti Heinla and Janus Friis, the WSJ reports. The round will help U.K.-based Starship expand its efforts to bring rolling drone deliveries to city sidewalks around the world. Starship’s six-wheeled autonomous delivery bots are essentially coolers on wheels, keeping contents hot… Read More
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Roll your own car sharing service with Vulog
Vulog is not a big name in the car sharing space, especially in the US, but the French company is hoping to change that at CES 2017. Alexandre Thibault, VP of business development, said it’s the only independent company that provides hardware and software solutions to car sharing services. (The better-known free-floating car sharing services, car2go and ReachNow, are owned by Daimler… Read More
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