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Automotive simulation platform Morai secures $20.8M Series B to expand its global footprint

TechCrunch

Morai , which provides autonomous vehicle developers with automotive simulation tools to verify the safety and reliability of self-driving systems, announced today it has raised $20.8 Many autonomous vehicle companies use repetitive simulation tests to prove safety and reliability for their self-driving vehicle validation. .

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Automotive marketplace Carro hits unicorn status with $360M Series C led by SoftBank Vision Fund 2

TechCrunch

Carro , one of the largest automotive marketplaces in Southeast Asia, announced it has hit unicorn valuation after raising a $360 million Series C led by SoftBank Vision Fund 2. It also plans to expand retail services in its main markets: Indonesia, Thailand, Malaysia and Singapore. during the financial year ending March 2021.

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First EV mass transit bus by Swedish-Kenyan startup Opibus begins operation amidst plans for regional launch by 2023

TechCrunch

Opibus first announced plans to roll out electric public transport buses last year when it raised $7.5 EVs come with a range of benefits including a reduced cost of transport and no carbon emissions. Additionally, local production means that the output can be tailored for local market needs. million in a pre-Series A round.

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What Shift’s acquisition of Fair says about the online used car market

TechCrunch

The deal is a nod toward the direction the online auto market is moving, where even the sale of used cars will require a first-class, seamless user experience. Demand for vehicles, however, has not dropped, leading to skyrocketing prices for used cars. SoftBank-backed Fair puts the brakes on weekly car rentals for Uber drivers.

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Annotell raises $24M for tech that tests autonomous vehicle perception systems to improve how they work

TechCrunch

As the automotive industry inches slowly ahead on the road to self-driving vehicles, we’re seeing the emergence of startups aiming to fill in some of the technical gaps in autonomous systems as they exist today. “Annotell’s platform helps you understand the system’s performance and raise it. We also take that seriously.

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Aurora unveils test fleet of autonomous Toyota Sienna robotaxis

TechCrunch

Autonomous vehicle technology company Aurora Innovation is launching a small test fleet of custom-designed self-driving Toyota Siennas for future ride-hail operations. The hybrid electric Toyotas will be equipped with the same software and hardware as Aurora’s Class 8 trucks that the company is testing for hauling goods.

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Wright tests its 2-megawatt electric engines for passenger planes

TechCrunch

Just like the automotive industry, aerospace has its sights set on going electric — but flying with battery-powered engines is a tougher proposition than rolling. The air taxi market prepares to take flight. This is a long-term project, but an entire industry doesn’t change overnight.