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Vision-oriented AI company Recogni raises $25M; investors include Toyota AI Ventures, BMW i Ventures, Faurecia

Green Car Congress

the designers of a vision-oriented artificial intelligence platform for autonomous vehicles, announced $25 million in Series A financing led by GreatPoint Ventures with participation from Toyota AI Ventures, BMW i Ventures, Faurecia, Fluxunit (VC arm of lighting and photonics company OSRAM), and DNS Capital. Recogni Inc. ,

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BNEF forecasts cumulative 26 GWh of second-life EV battery storage by 2025

Green Car Congress

In a new report for clients, Bloomberg New Energy Finance (BNEF) forecasts that there will be 29 GWh of used EV batteries coming out of cars in 2025. The auto industry is divided on the issue. While Tesla won’t be involved in second life, BMW, Nissan and Mercedes Benz have second-life stationary storage projects in place.

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FCA proposes 50:50 merger with Groupe Renault

Green Car Congress

FCA’s evolving capability in autonomous driving, which includes partnerships with Waymo, BMW and Aptiv, is complemented by Groupe Renault’s decade of experience in EV technology where it is the highest selling EV OEM in Europe. Groupe Renault also has a well-established and profitable financing business (RCI Banque).

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LIVE BLOG: Tesla (TSLA) Q1 2021 earnings call summary

Teslarati

14:50 PT – Zachary Kirkhorn explains the Model S and Model X delays, noting that the delays are a meaningful headwind for the company’s finances. Elon also mentions the Model 3’s victory in the premium sedan market, beating veterans like the BMW 3-Series. And next year, this would grow to two million.

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Canoo Pickup, Kia EV6, Honda and Mini EV Plans: EV Week in Review – Mar 9-15

EV Adoption

The reveals of the Canoo pickup and Kia EV6 have heads turning and yet another automaker, BMW-owned Mini this time announced plans that it would only produce battery-electric vehicles from 2030. BMW CEO Officer Oliver Zipse is set to announce the plan alongside its annual report on March 17, the person said. – March 10, Politico.

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