Tech.eu Interview: Spotawheel

Spotawheel was founded in Athens by Charis Arvanitis, Christos Zis and Kiriakos Agadakos. The team came together to found Spotawheel in 2016 in an effort to offer a frictionless buying experience for used cars through a unique platform that helps buyers find the right car at the right price. Through their predictive analytics, Spotawheel identifies […]

Car makers and mobility giants line up to invest in Israeli investment firm Maniv’s new $100 million fund

A group of leading car manufacturers, suppliers, tech and transportation companies have joined a consortium of investors backing Tel Aviv, Israel-based Maniv for the closing of a mobility innovation-focused fund. Maniv announced today that it has closed its second venture fund with $100 million in commitments from the likes of Alliance Ventures (the strategic investment […]

Hyundai partners with, pumps €80 million into Croatian electric hypercar maker Rimac Automobili

Hyundai Motor Group has announced a strategic partnership with, and a total investment of 80 million euros into, Croatia-based Rimac Automobili, a decade-old electric hypercar manufacturer and automotive technology developer. Under the new partnership, Hyundai Motor Company and Kia Motors will each invest €64 million and €16 million, respectively, in an effort to strengthen its […]

German automotive supplier ZF acquires 90% of computer vision tech pioneer Simi

German computer vision technology company Simi has been acquired by ZF, a Friedrichshafen-based conglomerate that supplies systems to passenger and commercial vehicle makers, among others. Simi is not exactly a startup – its founder Andreas Russ set up the company near Munich back in 1992. Russ will be retiring and leaving the company to his […]

Portuguese startup Stratio raises €3 million to bolster its AI tech and prevent vehicle downtime

Portuguese startup Stratio – not to be confused with, well, Spanish startup Stratio – has scored €3 million in funding from London-based Crane Venture Partners and LocalGlobe to scale its AI for auto manufacturers, distributors, and fleet owners for preventative maintenance (which the company says comes with a $200 billion price tag in annual expenditure). […]