Tag: cars
Rimac Automobili founder Mate Rimac shares lessons from bootstrapping an EV company
‘We had situations where I can’t even start to explain what we survived’ Kirsten Korosec 7 hours Mate Rimac’s founder story has the makings of automotive folklore. He started Rimac Automobili in his garage in 2009 as a literal one-person operation that has grown to a company with more than…
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Chinese robotaxi unicorn WeRide bags over $600M in 5 months
It’s hard to keep up with the fundraising spree in China’s autonomous driving industry these days. Guangzhou- and California-based robotaxi company WeRide, which counts Renault-Nissan-Mitsubishi Alliance as one of its strategic investors, has raised over $600 million in just under five months from its Series B and C financing rounds.…
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Virtuo raises $96M for its streamlined take on car rentals
Car ownership has become pricey and untenable in many towns and cities in Europe: between congestion charges to reduce emissions, parking fees, and traffic, many consumers opt instead to use public transportation, two wheels, cabs or their own legs to get around. To add to that mix for longer journeys,…
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Tesla mulls cars tailored to China amid mounting criticisms
Tesla is working on vehicles tailored to Chinese consumers as complaints about the quality of its electric vehicles send shock waves through the internet in the country. The American EV giant is mulling new products that will be designed from the ground up for China, Grace Tao, a vice president…
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BMW takes the wraps off the i4, its first all-electric sedan
BMW plans to have 25 electrified cars in its lineup by 2025 and it’s taking a few more steps in this direction this year with the launch of the all-electric iX SUV and the i4 sedan. Today, for the first time, the German automaker shared a few more details of…
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Eying sustainability gains for its supply chain, BMW backs Boston Metal’s CO2-free iron production tech
BMW has joined the cohort of investors that are backing Boston Metal’s carbon dioxide-free production technology for steel. The Boston-based startup had targeted a $50 million raise earlier in the year, as TechCrunch reported, and BMW’s addition closes out that round, according to a person familiar with the company. Through…
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