Connected car firm Tantalum raises £2.5 million in fresh capital

Tantalum Corporation, a connected car company based in the UK, has raised £2.5 million to begin its expansion in the US. The funding was led by Disruptive Capital. The UK company develops connected car solutions with features such as data management and analytics. It is opening an office in Menlo Park to complement its offices […]

Car rental app Virtuo raises €7.5 million from Balderton Capital

French car rental mobile app Virtuo has raised €7.5 million in funding from Balderton Capital. Virtuo provides its own fleet of cars deployed at airports and rail stations. The service is mobile-only where travellers book their car through the app. The app itself serves as the key for opening the car, eliminating the traditional car […]

Flying autonomous taxi Volocopter raises €25 million from Daimler

German aviation startup Volocopter has raised €25 million from automotive firm Daimler and other investors, including entrepreneur Lukasz Gadowski for its flying autonomous taxi. The new funds will be used for further development of the firm’s vertical take-off and landing (VTOL) flying autonomous taxi, which can carry two passengers. It will further develop the technology […]

Flying car AeroMobil raises further investment to target Asian market

A month on from its previous round of funding, flying car startup AeroMobil has secured a fresh injection of capital from InfraPartners Management (IPM). The terms of the investment were not disclosed. The Slovakian company is developing a vertical take-off and landing (VTOL) flying vehicle that it claims it will deliver to customers by 2020. […]

Connected car firm Autotalks increases Series D round to $40 million

Israel’s Autotalks, a company developing communications tech for connected cars, has extended its Series D round to $40 million. The company had initially raised $30 million in March. The additional $10 million comes from existing investors and the Mirai Creation Investment Fund, which includes Toyota, and is managed by the SPARX Group. Autotalks build chipsets […]