Urban Mobility
After eBike, Investors Pile Money Into Sondors Electric Car. After an electrifying reception to its electric bike crowdfunding campaign last year, Sondors is now on track for another successful fund-raising drive for what it calls the “most attractive, affordable electric car ever”. It’s been three weeks since the company’s founder, Storm Sondors, rolled out a crowdfunding effort to make the Sondors Electric Car,
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The $150 million investment will allow Velodyne to expand development and drive down cost LiDAR sensors Ford Motor Co. and Chinese web-service provider Baidu Inc. are leading a $150 million investment in laser-sensor maker Velodyne Inc., the latest in a series of bets being placed by car makers and tech companies to advance autonomous-driving technology. The investment will allow the California-based Velodyne to expand
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Motortrader.com reports the average UK motor retailer produced a profit of just over £42,000 in June, the same as last year on increased turnover. Dealers generated a return on sales of 1.21% compared to 1.33% in June last year, according to figures from dealer profitability specialist ASE. “With profit on a par and turnover up, as a result of increased
Read moreInspired by Brexit, MEP Antanas Guoga (Tony G) has signalled the launch of a campaign which seeks to position Vilnius (Lithuania) as the perfect location for UK businesses now looking into the possibility of relocation options. This time, the focus of his attention is the automotive industry, which is anticipated to be one of the sectors most severely impacted by
Read moreBMW i Ventures has announced a strategic investment in Rever Moto, Inc., a motorcycle-focused mobile and technology company who aims to bring big data to the motorcycle industry. Since launching in 2015, Rever users have tracked millions of miles on motorcycle rides in 119 countries around the world. The free Rever app works in conjunction with the Rever website to
Read moreTHAILAND is beckoning Chinese start-up companies to invest in the Kingdom in such high-tech industries as information and communications technology, automobiles, aviation and electronics. Deputy Prime Minister Somkid Jatusripitak took representatives of the private sector to China to seek more investment. The delegation will be there until Thursday, visiting Beijing and Shanghai. He will talk with eight to 10 start-ups
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