IoT-powered connected vehicle tech & autonomous driving brings together startups & key auto players
Key Insights and Signals in Automotive
Merger and acquisition Bridgestone Americas to acquire fleet management software provider Azuga to accelerate mobility solutions business
The Azuga fleet management platform, which includes advanced safety and fleet management tools, will complement the existing Bridgestone portfolio of cloud-based fleet mobility solutions. Read More>> Fisker invests in EV charging network Allegos SPAC merger
Fisker is investing USD 10 Mn in private-investment-in-public equity (PIPE) funding for the merger of Allego and special purpose acquisition company Spartan Acquisition Corp III. The merger puts Allego at a pro forma equity value of USD 3.14 Bn. Read More>> Renault acquires car subscription company Bipi
RCI Bank and Services, the Renault Groups automotive captive, has acquired car subscription company Bipi with plans to open new markets with Bipis current supply partners. Bipi is now present in Spain, France, and Italy. Read More>> Magna buys Swedish sensor maker Veoneer in USD 3.8 Bn deal
The deal expands Magnas ADAS business with major customers and provides access to new customers and regions, including Asia. Magna intends to operate the Veoneers Arriver sensor perception and drive policy software platform as an independent business unit, consistent with Veoneers’ current practice. Read More>> Volkswagen in talks over USD 3 Bn deal for Europcar
A consortium led by German automaker Volkswagen is in advanced talks to buy Europcar in a deal that would value the French car rental company’s equity at about 2.5 billion euros ($3 billion). Europcar said the same group of investors was involved in the new approach. Read More>>
Partnerships Mercedes-Benz and GROB joint venture: Mercedes-Benz and GROB launch battery production cooperation
Mercedes-Benz is intensifying its cooperation with its longstanding partner GROB-WERKE GmbH & Co. KG, a German leader in highly innovative battery production and automation systems, to help industrialize the future generation battery production. Read More>> OBI+ selects Otonomos vehicle data platform ushering in a new chapter in fleet management
The collaboration will provide OBI+ with access to multi-layered OEM vehicle data from the Otonomos platform, allowing OBI+ to enhance its service offering and provide a complete solution to its customers and partners across Europe. Read More>> Daimler, Decisiv to partner on a service management platform
Daimler Trucks will partner with Decisiv to integrate its service relationship management (SRM) platform with Daimlers Uptime Pro dealer service management platform. The estimate and approval process is integrated into Uptime Pro. It incorporates diagnostics, repair information, and photos from Daimlers Express WriteUp mobile app into a service case in the Decisiv SRM platform. Read More>> ABB India partners with Audi to provide charging solutions
ABB India is partnering with Audi India to offer charging solutions for the newly-launched, fully-electric Audi e-tron and Audi e-tron Sportback. Both models come with ABB’s smart Terra AC wall box charger along with the car for smart charging at home. Read More>> LG, Magna join forces to boost digital tech in cars
LG Electronics, a consumer electronics and technology producer, and Magna International Inc., an auto technology manufacturer, have signed into a joint venture between the two companies. Read More>>
Executive Movement Daimler India names Anshum Jain as the new COO
Jain will be responsible for various functions, including supplier management and logistics. Jain comes with an experience of over 25 years in India, the US, and Germany in managing and leading all aspects of large manufacturing operations with P&L responsibility. Read More>> BMW appoints Nielsen as new Asia boss
Mr. Nielsen is currently the director of sales and marketing at BMW Group Middle East, which he has held for two and a half years. After four years, he moved to Munich and was area manager in Europe. Read More>> Electric-truck maker Lordstowns CEO, CFO resign
Burns is Lordstowns largest shareholder with a stake of more than 26%, according to Refinitiv data. Goldman Sachs declined to comment, which advised the blank-check company that merged with Lordstown last fall and helped together with the deal’s financing. Read More>> Mitsubishi Electric CEO resigns over inspection cheating
Mitsubishi Electric Corp said President and CEO Takeshi Sugiyama has left to take responsibility for years of cheating in train equipment inspections and was replaced by Senior Vice President Kei Uruma. Read More>>
Deals and deal renewals Renault inks lithium offtake agreement with Vulcan
Lithium developer Vulcan Energy has struck an offtake agreement with Renault Group at its Zero Carbon lithium project in Germany. The five-year offtake agreement secures between 6 000 t/y and 17 000 t/y of battery-grade lithium chemicals. Read More>> Brake giant Brembo selects Silicon Valley for its U.S. Inspiration Lab
Giant Italian brake maker Brembo SpA decided to beef up its research-and-development presence in major markets worldwide, including the crucial United States market. The new Brembo lab will strengthen the company’s expertise in software development, data science, and artificial intelligence. Read More>>
Mercedes-Benz extends contract with Capgemini for software development till 2024
Capgemini has been awarded a contract extension by Mercedes-Benz until 2024 to develop and maintain the core Electric/Electronic Product Data Management (EE-PDM) application in an R&D environment. Read More>> Motional to use Ottopias teleoperation technology for its robotaxi fleets
Motional, a Boston-based driverless technology startup, has selected Ottopia, a leader in teleoperation, to support the deployment of its robotaxi fleets. Starting in 2023, Motional will be launching a fully driverless ride-hail service with Lyft in multiple US markets. Read More>>
Center setup and expansion Rivian may build its first international EV factory in the UK
Rivian is in talks with the British government to build a manufacturing plant near Bristol to focus on producing vehicles rather than batteries. However, there was room for an all-encompassing Tesla-style gigafactory. Read More>>
Latest Industry Insights from Draup Braindesk
Digital commerce technologies are disrupting the automotive industry by unlocking greater efficiencies and personalization to produce vehicles.
Nissan is using 3D technology to enable its customers to continue driving their Nissan performance cars for a longer time.
Ford uses Symbio Robotics that empowers automation teams to deploy and maintain more general, flexible systems.
BMW will use a blockchain-powered supply chain management system known as PartChain to track auto components to ensure transparency in the supply chain.
The charging infrastructure is the backbone of electric mobility. It is one of the key perceived barriers to EV adoption in India, given its limited availability and long charging times.
Magenta EV Solutions raised INR 120 crore (USD 15 Mn) from Indian American philanthropists to introduce the world’s smallest EV charger, develop more EV charging solutions, and grow an international footprint.
Key OEM players in the North American region have innovated automated driving mobility solutions and developed zero-emission vehicles.
Woven Capital, a subsidiary of Toyota, invests in Ridecell to accelerate global growth in IoT-driven automation for mobility and fleet businesses.
Ford acquired Electriphito to accelerate EV fleet adoption by offering commercial customers depot charging management together with vehicles like F-150 Lightning Pro and E-Transit van.
GM partnered with Honda to codevelop cars and trucks in North America. This alliance will help both companies to accelerate investment in future mobility innovation.
Key Funding Alert
Lucid Motors goes public, raises USD 4.5 Bn
Shares of the Saudi-owned, California-based startup began trading on the Nasdaq stock exchange. Lucid Motors will now get its first electric car on the road, where it will face stiff competition. It has already built 100+ near-final quality versions at its Arizona factory. Read More>>
Startup Spotlight
Company – Sonatus Total Funding – USD 35 Mn HQ location – San Francisco Bay Area, USA About: Sonatus helps automakers transform vehicles into “data centers on wheels” with next-generation architectures capable of supporting the most advanced future mobility use cases. They build scalable vehicle and cloud software solutions that orchestrate vehicle behavior dynamically. Read More>>
Latest Reports Published in Draup
Decoding Automotive Digital Manufacturing: Draup completed a comprehensive analysis to identify decoding automotive digital manufacturing market across the globe. We analyzed automotive manufacturing evolution patterns, value chain, vendor analysis, and opportunity areas. Read More>>
Lear Corporation Account Intelligence Report: Lear Corporation partnerships focus on contactless technology for parking and deliver solutions to improve the product usability and user experience. It intends to provide a new seating system for the customers to provide optimized comfort. Read More>>
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