Former SpaceX engineers bring autonomous, electric rail vehicle startup out of stealth

Parallel Systems, a company founded by three former SpaceX engineers to build autonomous battery-electric rail vehicles, came out of stealth mode on Wednesday with a $49.55 million Series A raise. The company, which has raised $53.15 million to date, including a $3.6 million seed round, is working to create a more efficient, decarbonized freight network […]

Volkswagen and Bosch set up JV to push European battery production

Volkswagen and Bosch have signed a memorandum of understanding to explore a joint venture dedicated to providing Europe with battery equipment solutions. The two companies aim to supply integrated battery production systems and on-site ramp-up and maintenance support for battery cell and system manufacturers, Volkswagen said. The JV is expected to help VW reach its […]

Tesla shareholders urge judge to find Musk coerced board to buy SolarCity

Tesla’s shareholders have urged a judge to find that CEO Elon Musk coerced the company’s board to acquire SolarCity in 2016, a transaction that a group of shareholders allege was a “bailout” of the failing solar company of which Musk was the top shareholder. During a Zoom hearing on Tuesday, the shareholders asked that Musk […]

Blink Charging to supply EV chargers to General Motors dealerships

Blink Charging, an electric vehicle charger manufacturer, will be deploying EV chargers at General Motors dealerships across the U.S. and Canada, according to the company. The startup will be teaming up with facility solutions provider ABM to supply its new IQ 200 Level 2 chargers to GM. While Blink is by no means a small […]

Ford and ADT team up to prevent theft from vehicles

Automaker Ford and ADT, a company that provides home and business security and alarm monitoring services, have launched a joint venture called Canopy that aims to address vulnerabilities in current vehicle security offerings. Canopy will initially offer an aftermarket accessory that can be mounted onto a vehicle to monitor its surroundings and alert drivers of […]

US airlines warn C-Band 5G could cause ‘catastrophic disruption’

Igor Bonifacic Contributor Igor Bonifacic is a contributing writer at Engadget. More posts by this contributor Magic Leap grants healthcare startups access to its new AR headset ahead of mid-2022 release China’s Chang’e-5 probe finds on-site evidence of water on the Moon’s surface The airline industry claims a “catastrophic” event could unfold on Wednesday when […]

Hero MotoCorp, Engine No. 1 join Gogoro’s PIPE, bringing it up to $285M

Gogoro, the Taiwanese company best known for its electric Smartscooters and swappable battery infrastructure, has just added current strategic partner Hero MotoCorp, activist and impact investment firm Engine No. 1 and another investor to its PIPE investment, bringing the total funding to $285 million, up from $257 million. The oversubscribed PIPE (private investment in public […]

New York Times ad warns against Tesla’s “Full Self-Driving”

A full page advertisement in Sunday’s New York Times took aim at Tesla’s “Full Self-Driving” software, calling it “the worst software ever sold by a Fortune 500 company” and offering $10,000, the same price as the software itself to the first person who could name “another commercial product from a Fortune 500 company that has […]

Ford signs 5-year agreement with Stripe to scale e-commerce

Ford Motor Company has signed a five year agreement with Stripe, an online payment processor, to scale the automaker’s e-commerce capabilities. Stripe will facilitate transactions for vehicle orders and reservations, handle financing options for Ford’s commercial customers and route customer’s payments from the automaker’s website to the correct local Ford or Lincoln dealer. Ford plans […]