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Automotive

SoftBank invests in parking startup ParkJockey pushing valuation to $1 billion – TechCrunch

SoftBank continues to invest in the future of transportation — this time in ParkJockey, a startup that has built a technology platform aimed at monetizing parking lots. And ParkJockey, which was founded in 2013, is already using that capital to scale up. Along with the SoftBank...

SoftBank...

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Tencent-backed fleet manager G7 racks up $320M in funding – TechCrunch

A sizable funding round is poised to heat up a race to automate China’s logistics infrastructure. Beijing-based fleet management company G7 announced on Monday that it has banked $320 million to drive technological development, bringing its total capital raised to around $500 million. G7, which runs...

A sizabl...

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Audi to spend nearly $16 billion on self-driving car tech, electrification through 2023 – TechCrunch

Audi, the Germany luxury automaker under VW Group, said Tuesday it will invest 14 billion euros ($15.95 billion) over the next five years on future transportation technologies such as electric mobility, autonomous driving and digital services. These investments, made through 2023, will include spending on...

Audi, t...

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V2X Network gives developers the keys to in-vehicle data – TechCrunch

Data is king. But if there isn’t a way to capture, sort and use it, then there it sits — an untapped resource. V2X Network, a German-based startup presenting onstage Thursday during Startup Battlefield at TechCrunch Disrupt Berlin, sees opportunity in all the data produced in...

Data is king. But if the...

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India’s Drivezy raises $20M for its on-demand vehicle rental service – TechCrunch

It’s been a year for on-demand services in India. Drivezy today became the latest to refuel after it raised a $20 million Series B. The round was led by existing investor Das Capital, with participation from automotive giant Yamaha, Axan Partners and IT-Farm. The deal takes Drivezy, which was formerly...

It’s been a year for on...

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China’s Didi adds driver training program to counter sharp decline in rides – TechCrunch

Didi Chuxing, China’s largest ride-hailing company by number of users, has been struggling to recover from a major setback following the deaths of two passengers earlier this year. On Wednesday, its founder and CEO Cheng Wei released a letter detailing the company’s moves to step...

Didi Chu...

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Rivian debuts an electric pickup and SUV designed to look good while getting dirty – TechCrunch

Rivian has kept a relatively low profile since the automotive startup with Midwestern roots launched in 2009. Those days are over. CEO and founder RJ Scaringe unveiled two all-electric vehicles this week at the LA Auto Show that boast some eye-popping battery ranges as well as some...

Rivian has kept a relativ...

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