Civil Maps raises $6.6m in Ford-led funding round

(c) Patrizi

Civil Maps, a developer of 3D mapping technology for fully autonomous vehicles, has raised $6.6 million (£5m) in a seed funding round. The company aims to ensure smooth and safe operation of fully autonomous vehicles.

Civil Maps turns sensor data into coherent map information for fully autonomous vehicles (SAE Levels 4-5) by leveraging artificial intelligence and vehicle-based local processing. The company will use the seed investment to accelerate product development and...

Volkswagen and LG to collaborate on connected car service platform


The Volkswagen Group and LG Electronics have inked a memorandum of understanding (MoU) that will see the companies jointly work on research and development towards a new connected car service platform.

The MoU builds on collaboration between the companies that is already underway as seen in March 2015, when Volkswagen subsidiary Italdesign Guigiaro showcased its GEA concept car at the Geneva Motor Show with seven key components supplied by LG Electronics, including the holographic...

By Connected CarTech, 08 July 2016, 1 comment. Categories: Cloud, Connectivity, Ecosystems, Mergers and acquisitions.

Verizon acquires Telogis to enhance connected vehicle business


Verizon Communications has officially purchased fleet management provider Telogis for an undisclosed sum.

The telco giant has bought the Aliso Yiejo based firm in order to enhance its connected vehicle business, as it is seeking to add the best-in-class Software-as-a-Service (SaaS) technology and services in the connected vehicle and mobile enterprise management sectors.

Andrés Irlando, CEO of Verizon Telematics, said: “With a comprehensive enterprise product...

By Connected CarTech, 27 June 2016, 0 comments. Categories: Mergers and acquisitions, Telematics .

Zubie gains $6 million in additional funding

(c)ücahiddin Şentürk

Connected car platform and telematics provider Zubie has gained $6 million (£4.1m) in additional funding with Melody Capital Partners and OpenAir Equity Partners among the VCs involved.

The funding has been drawn up in order to support scaling towards satisfying increasing demand for Zubie solutions at enterprise customers, expand operations and staff and improve the core Zubie and ZinC Open API platforms while also boosting innovation. Castrol innoVentures,...

By Connected CarTech, 27 May 2016, 0 comments. Categories: Mergers and acquisitions, Telematics .

TEXA renews agreement for use of Interoute’s network and cloud services


Automotive diagnostics provider TEXA has renewed its agreement with cloud services provider Interoute, with the latter continuing to serve as ICT provider.

TEXA’s product range comprises remote diagnostic tools for trucks, cars, motorcycles, agricultural vehicles and marine engines. TEXA’s TEXA MOBILE Diagnostic (TMD), a small box enabled with GPS and GSM/GPRS, is utilised to locate vehicles, exchange real time information with drivers, as well as monitor components and...

By Connected CarTech, 27 April 2016, 0 comments. Categories: Cloud, Mergers and acquisitions, Telematics .

nuTonomy gains $3.6 million in seed funding


nuTonomy, a software developer for autonomous vehicles, has secured $3.6 million (£2.5m) in seed funding from Signal Ventures, Samsung Ventures, Fontinalis Partners, and Dr. Steven LaValle.

The funding will boost the company’s work in the US as well as in Singapore, collaborating on the testing of autonomous vehicle technology. At present, nuTonomy’s software is being integrated and piloted with auto OEMs in the US and Europe, with the target of implementing...

By Connected CarTech, 08 February 2016, 0 comments. Categories: Driverless, Mergers and acquisitions.

Laird acquires Novero to protect the connected car


Global technology company Laird has completed its acquisition of German connected car solutions developer Novero.

The acquisition was first announced on 18 December 2015 and recently achieved regulatory approval. Now complete, this acquisition makes Laird a leading end-to-end car connectivity solutions provider. It also fuels Laird's growth in the enterprise IoT market.

Automakers are increasingly viewing connected cars as a necessity with the number of connected cars on the road to rise...

By Connected CarTech, 22 January 2016, 0 comments. Categories: Mergers and acquisitions, Security.

HARMAN net sales rise 14% in first fiscal quarter


Harman International Industries has reported net sales of $1.6 billion (£1.05bn) in the first quarter of its 2016 fiscal year.

The connected technologies company saw a 23% increase in net sales, excluding the currency impact. Excluding the impact of foreign currency translation as well as acquisitions, net sales rose 13%.

Connected car net sales saw an 8% increase, driven by higher tax rates, platform expansions and the strengthening of automotive production. Lifestyle...

By Connected CarTech, 11 November 2015, 0 comments. Categories: Ecosystems, Mergers and acquisitions.

PSA Peugeot Citroen to expand connected car services from 2017


PSA Peugeot Citroen is to launch a new range of value added connected services for its customers with its next generation launches in 2017 following an expansion of its partnership with Sierra Wireless.

The car company will expand its offering beyond the in-vehicle emergency notification system it introduced into its vehicles in 2003 to introduce a range of new IoT services. More than 1.6 million PSA Peugeot Citroen vehicles have been connected via Sierra Wireless and more than...

By Liz Morrell, 03 June 2015, 1 comment. Categories: Head-up Display, Mergers and acquisitions.

IBM and Peugeot buddy up for new connected car services


IBM and Peugeot have announced a partnership to help better analyse data to deliver new services from connected vehicles.

The latest move, which builds upon the two firms’ partnership from last year for big data and analytics tools, aims to allow Peugeot to develop new business opportunities for a variety of industries, including automotive distribution, smarter cities, and retail. Financial terms of the seven-year deal were not disclosed.

The two companies also noted the importance of...

By James Bourne, 27 April 2015, 0 comments. Categories: Big Data, Connectivity, Mergers and acquisitions.