Wednesday, July, 17, 2019 12:47:41

Contribution By Saif Bepari


Apple buys self-driving start-up Drive.ai just days before it lays off

The tech giant has bought autonomous vehicle start-up Drive.ai The start-up had raised $77 million in venture capital at a valuation of $200 million. The deal validates Apple’s continued interest in autonomous vehicle technology. Apple Inc., the American multinational technology company recently announced that it has …

Verimatrix, moTV.eu secure Mongolsat Networks’ DVB-S Delivery services

Mongolsat network deploys modern broadcast video system enabled by VCAS for DVB Hybrid which expands subscriber reach Verimatrix, leading company for connected devices and services, and moTV.eu recently announced that they would jointly secure the DVB-S delivery services being offered by Mongolsat Network. Verimatrix Video …

SimonsVoss Technologies & Morphean ink new Europe partnership deal

The partnership would be leveraging SimonsVoss’ expertise to extend the cloud-based capabilities of Morphean The deal would allow Morphean to enter the ACaaS market, which is slated to attain a $2.8 billion valuation by 2024. SimonsVoss Technologies GmbH, (SimonsVoss), a pioneering Allegion group brand, has …

Bird Rides Inc. acquires San Francisco-based Scoot Networks

Bird Rides Inc., the Santa Monica-based electric scooter rental company, has reportedly announced to have acquired Scoot Networks Inc., a San Francisco headquartered company. As per trusted sources, Scoot Networks has raised a total funding of $47 million, its largest funding round being in October …

Volkswagen exits deal with self-driving car software startup Aurora

Volkswagen, the German automotive manufacturer recently announced having ended its partnership with self-driving car software company, Aurora. The announcement came on the heels of previous announcement by Aurora to develop autonomous platforms for commercial vehicles in collaboration with Fiat Chrysler Automobiles, report sources. Volkswagen’s spokesperson …

BMW and JRL collaborate to develop next gen electric drive units

Tata Motors-owned Jaguar Land Rover automotive recently announced to develop next generation EDUs (electric drive units) in collaboration with BMW Group, the German multinational auto manufacturer. The collaboration will support the two companies’ technological advancements in ACES (autonomous, connected, electric and shared) mobility future solutions, …

Fiat Chrysler calls off its proposed merger with Renault S.A.

Apparently, France owns 15% of Renault and is the largest stakeholder of the company. Fiat Chrysler Automobiles N.V. has reportedly withdrawn its proposal to merge with French automobile company Renault S.A. The deal could have reshaped the global auto industry and helped the automakers compete …