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Market News

C2A Security raises $6.5M in Series A funding

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JERUSALEM–(BUSINESS WIRE)–C2A Security, an Israeli startup providing in-vehicle solutions preventing life-threatening cyber attacks, has announced the completion of a $6.5 million Series A round. The round was led by Maniv Mobility and ICV with participation from Labs/02. C2A has developed a unique suite of solutions that protect the car’s internal systems against cyber attacks, ensuring…

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Amazon and General Motors are in talks to invest in Tesla rival Rivian

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Amazon and General Motors are in talks to invest in Rivian Automotive LLC in a deal that would value the U.S. electric pickup truck manufacturer at between $1 billion and $2 billion, people familiar with the matter said on Tuesday. The deal would give Amazon and General Motors minority stakes in Rivian, the sources said. It would be…

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Honda secures battery supply contract for about 1 million electric vehicles with CATL

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Honda hasn’t been one of the most active automakers when it comes to electrification, but it is now making some big moves, including securing a battery cell supply contract for about 1 million electric vehicles with CATL, one of the largest battery manufacturers in the world. Yesterday in Tokyo, Contemporary Amperex Technology Co., Ltd. (CATL) and Honda…

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Another disappointing solar auction for Japan as prices stay high

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In last month’s exercise, final prices were slightly lower than those seen in previous procurements and the total allocated capacity was 196.6 MW. Through the three tenders held by the Japanese government, around 500 MW of solar was assigned, against a target of 1-1.5 GW. Land availability, grid constraints high labor costs make projects expensive…

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Molex, Accenture and Amazon Web Services Co-Develop Edge Computing Solution Powering NextGen Autonomous Vehicles

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Integrates edge computing and Amazon Alexa, Amazon’s cloud-based voice service Machine Learning capabilities allow for adaptive network security and network diagnosis through OTA updates Promotes seamless and secure communication between the vehicle and the cloud LAS VEGAS; Jan. 8, 2019 – Molex is expanding its autonomous and connected vehicle capabilities by working with Accenture (NYSE: ACN) and…

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The “Car OS”: Our Investment in Apex.AI

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How can developers ensure that the software driving an autonomous vehicle (AV) won’t “crash” or fail on the road? How can consumers be confident that robots meet the highest safety, security, and reliability standards? These are critical questions that autonomous systems must answer to successfully and safely escape the lab. At Toyota AI Ventures, we…

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Nissan-Renault alliance joins Google on self-driving cars

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TOKYO — The alliance of Nissan Motor, Renault and Mitsubishi Motors plans to join Google’s camp for developing autonomous taxis and other services using self-driving vehicles, Nikkei has learned. The automakers intend to work with Waymo, a Google spinoff that is among the leaders in technology for self-driving cars. The companies are in the final phase of talks, and plan to announce the arrangement…

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Tesla to Acquire Ultracapacitor Company Maxwell

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Tesla plans to acquire ultracapacitor company Maxwell Technologies in a deal announced Monday by the two companies. Mike Wilk, Maxwell senior systems engineer, is part of the team that installed the first ultracapacitor energy storage system on UC San Diego’s microgrid. (Photo: Maxwell Technologies) The San Diego, California manufacturer would become a wholly owned subsidiary…

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Million-dollar executives multiply in corporate Japan

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TOKYO — The number of Japanese executives paid at least 100 million yen ($903,000) annually topped 500 for the first time last fiscal year as global competition for talent spurred broader use of lucrative Western-style compensation structures. A total of 538 senior officials at listed companies that closed their books in March made 100 million…

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Toshiba to Supply its Microgrid Controller for Maldives Project

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A subsidiary of Japanese conglomerate Toshiba has won a contract to install its microgrid controller and energy management system in a 10-MW hybrid microgrid on the Maldives’ Hithadhoo Island. Hithadhoo Island, which forms part of the Maldives’ remote Addu Atoll, has its own, independent power grid. The microgrid will serve as the grid’s new core.…

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