Spanish car sharing startup Respiro acquired by automaker Seat

Respiro, a car sharing startup based in Madrid, has been bought by car maker Seat, which acquired 100% of shares in the startup. No figures were officially disclosed but El Mundo reports the deal at being €5 million. The startup was founded in 2010 as a pay-per-use car sharing service in cities. The startup has […]

TactoTek raises $23 million in equity and debt for its automotive interior solutions

Finland’s TactoTek, which designs injection molded structural electronics (IMSE) solutions, has raised $23 million in funding from Ascend Capital Partners, Nanogate, Plastic Omnium, Conor Venture Partners, and Faurecia Ventures along with debt funding and grants. The Series B round includes debt funding from Nordea Bank and grants from Business Finland and ELY Center that totals […]

Israel’s Nexar raises $30 million for its car safety technology

Car tech firm Nexar has raised $30 million led by Ibex Ventures with participation from new and existing backers Alibaba Innovation Ventures, Nationwide Insurance, Aleph, Mosaic Ventures, Slow Ventures, True Ventures, and Tusk Ventures. The AI-enabled automotive technology, which is used by consumers, insurance companies, and car makers, detects road hazards in real-time. It uses […]

Car marketplace Auto1 raises €460 million from Softbank

German online car marketplace Auto1 has raised €460 million from Japanese giant Softbank. The Berlin-based company develops a platform for buying and selling used cars. The funding news was first reported by The Financial Times. Auto1 was founded in 2012 and according to Reuters had revenues of €1.5 billion in 2016. Softbank’s investment comes from […]

French ride-hailing app Chauffeur Privé acquired by Daimler

Automotive giant Daimler has acquired a majority stake in French ride-hailing app Chauffeur Privé. No terms for the deal have been disclosed. Founded in 2011, the French Uber rival has 1.5 million users and 18,000 drivers, operating in Paris, Lyon, and at the Côte d’Azur. The startup raised €5 million in 2015 from Xange and […]