Tag Archives: Electric Vehicles

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Connected Car Firm Vinli Raises $13.5M, Partners With Germany’s E.ON

Dallas—Vinli, a connected car analytics startup, announced today it has raised a Series B funding round of $13.5 million. Investors in the round include German utility E.ON, The Westly Group in Menlo Park, CA; Hersh Family Investments, which is based in Irving, TX; and Hal Brierley, a longtime Dallas airline executive. Among the uses for […]

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Maxwell, Struggling Battery-Technology Maker, to Sell to Tesla

Battery-technology business Maxwell Technologies has agreed to be acquired by Silicon Valley electric car company Tesla (NASDAQ: TSLA) in an all-stock deal valued at about $218 million, the San Diego-based company announced Monday. Maxwell (NASDAQ: MXWL) said Palo Alto, CA-based Tesla would buy its shares at $4.75 apiece, a 55 percent premium over its stock […]

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Air Taxis Are on the Horizon with Boeing’s Test of Autonomous Plane

Many aviators use autopilot to control the trajectory of aircraft between takeoff and landing, but Boeing is among those in the industry seeking to advance autonomous flying technology even further. Boeing (NYSE: BA), which is headquartered in Chicago but has roots and extensive operations in the Seattle area, announced this week it conducted a successful […]

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24M, Reeling In $22M, Thinks It Has the Next Great Battery

It turns out we might have been making lithium-ion batteries all wrong this whole time. That’s at least what Cambridge, MA-based battery startup 24M says, now having developed what it sees as the “right” way. The company, a spinoff of A123 Systems, announced today it raised a $21.8 million Series D round led by Japanese […]

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GM’s Ammann Takes Reins of Cruise From Co-Founder Vogt, Now CTO

Self-driving car business Cruise has a new leader: Dan Ammann, the General Motors president who led the company’s acquisition of Cruise in 2016, is now being named CEO of the autonomous vehicle subsidiary. Cruise co-founder Kyle Vogt is relinquishing the top role to remain with the company as its president and chief technology officer. Vogt […]

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Workers, Investors, Trump React to Cuts as GM Clears Way for Mobility

On Monday, GM made an announcement that rattled Wall Street, automotive analysts, its own workforce, and President Trump . A day after the car manufacturer announced plans to close factories in Michigan, Ohio, Maryland, and Oshawa, Ontario, Trump threatened on Twitter Tuesday afternoon to take away GM’s federal electric car subsidies, which it uses to […]

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Harley, Gener8tor, Allergy Amulet & More: This Week’s WI Watchlist

Keep up with news from Wisconsin’s innovation community with these recent headlines: —Harley-Davidson, the iconic Milwaukee-based motorcycle manufacturer, said Wednesday that it plans to open a new research and development center in Silicon Valley. Harley (NYSE: HOG) said the facility will house about two dozen of its workers—most of whom the company intends to hire […]

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Exact Sciences, Harley, Frontdesk & More: This Week’s WI Watchlist

Catch up on news from Wisconsin innovation’s community with these recent headlines: —Exact Sciences said Wednesday that it completed a lower number of its flagship diagnostic test, which screens patients for colorectal cancer, during the three-month period ended June 30 than it had projected previously. The announcement sent shares in the Madison-based company lower in […]

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C-Motive, Startup Developing Electric Motor Technology, Raises $750K

Cobalt is one of the ingredients in a type of rare earth magnet that, along with other rare earth magnets like neodymium and dysprosium, can be found in electric motors, smartphone batteries, and other products that are popular among consumers and manufacturers today. The price of cobalt more than doubled in 2017, according to the […]

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Fictiv Raises $15M To Connect Tech Innovators & Parts Manufacturers

Fictiv, a San Francisco software startup that links hardware developers with parts manufacturers in China, announced Tuesday that it has raised $15 million in a Series B funding round led by a China-based investment firm, alongside investments from well-known American tech backers such as Bill Gates and Intel. Fictiv’s goal is to speed up the […]

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