VC, PE and M&A News & Trends

Tesla cuts 9% of workforce in dash for profitability

CEO Elon Musk said the layoffs, part of a comprehensive restructuring, would keep Tesla on track to make its production targets for the Model 3, amid the company's race to boost its margins.

Jun 12, 2018

VC-backed Innoviz inks partnership with BMW to get self-driving cars on the road by 2021

BMW will integrate venture capital-backed startup Innoviz's LiDAR sensors and computer vision software into its autonomous vehicles slated to hit roads in 2021.

Apr 26, 2018

Autotech startup raises $12M Series B

Aviva Ventures has led the funding for Savari, a maker of wireless sensor technologies and software for autonomous and semi-autonomous vehicles. The company's products allow cars to share data with...

Apr 25, 2018

Daimler, BMW to create mobility giant

Daimler and BMW are merging their mobility service units in a bid to fend off rival automakers and tech companies, as well as future-proof their traditional manufacturing operations.

Mar 28, 2018

Chinese car startup prepping US IPO

Electric car startup NIO has hired investment banks including Goldman Sachs and Morgan Stanley to lead a US public offering that could raise up to $2 billion this year, per Reuters. The company was...

Mar 1, 2018

Chinese electric car maker nabs massive funding

Xiaopeng Motors (aka Xpeng) has reportedly secured about $350 million in a round led by Alibaba and Foxconn. The company manufactures connected and electric vehicles.

Jan 30, 2018

Autotech Ventures adds former US transportation secretary

Former US transportation secretary Anthony Foxx has joined the advisory board of Autotech Ventures, which invests in startups in the transportation industry. The firm, which closed its debut fund...

Jan 30, 2018

Car giants launch $1B CVC fund

Renault-Nissan-Mitsubishi, the strategic partnership of the French and Asian car giants, has announced plans to invest $1 billion over the next five years via Alliance Ventures, a new corporate...

Jan 11, 2018

5 hot takes from CES Unveiled

The annual press event kicking off CES is a great sneak peek at what the huge tech conference will bring. Here are five key themes we expect to see once the main hall opens.

Jan 8, 2018

German car giants ramp up driverless tech dealmaking

Tyre maker Continental and electronics giant Bosch have both acquired 5% stakes in digital maps provider HERE Technologies. The deal unites two of the world's largest car-parts suppliers with the...

Jan 5, 2018

Tesla cuts 9% of workforce in dash for profitability

VC-backed Innoviz inks partnership with BMW to get self-driving cars on the road by 2021

Autotech startup raises $12M Series B

Daimler, BMW to create mobility giant

Chinese car startup prepping US IPO

Chinese electric car maker nabs massive funding

Autotech Ventures adds former US transportation secretary

Car giants launch $1B CVC fund

5 hot takes from CES Unveiled

German car giants ramp up driverless tech dealmaking

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