Roam, an EV startup based in Kenya, has raised $ 24 million in a Series A round, including up to $ 10 million debt commitment from the U.S International Development Finance Corporation (DFC), to scale the production of electric motorcycles and buses. Equator, an Africa-focused climate tech VC fund, led the round, which also had […]
Autonomous vehicle company Motional is about to lose a key backer
Autonomous vehicle company Motional is losing capital support from one of its primary backers as it aims to commercialize a robotaxi service in 2024. Automotive supplier Aptiv — the other half of a $ 4 billion joint venture with Hyundai that created Motional — said Wednesday it will no longer allocate capital toward the endeavor. […]
China’s autonomous vehicle regulation requires safety operators, in-car recordings
When it comes to spurring the development of cutting-edge technologies, the Chinese government is rather pragmatic in its policymaking process. In the field of autonomous driving, the country has made some big strides in defining the parameters and limitations for service providers, removing regulatory ambiguity and granting industry players the freedom to test and commercialize […]
China’s autonomous vehicle regulation requires safety operators, in-car recordings
When it comes to spurring the development of cutting-edge technologies, the Chinese government is rather pragmatic in its policymaking process. In the field of autonomous driving, the country has made some big strides in defining the parameters and limitations for service providers, removing regulatory ambiguity and granting industry players the freedom to test the nascent […]