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). […]

Tech.eu presents the new autotech report, sponsored by Mondial.Tech

The transportation industry is changing rapidly around us, and we’re happy to offer our readers a front row seat to watch and make sense of the transformation. Today, on the first day of the Mondial.Tech conference, we release our latest report “The State of European Autotech.” In the report, we take an in-depth look at […]