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Volvo Cars Tech Fund invests in electric car charging company FreeWire

Green Car Congress

Volvo Cars has acquired a stake in mobile EV rapid charging company FreeWire Technologies ( earlier post ) via the Volvo Cars Tech Fund. FreeWire is a San Francisco-based company that has been a pioneer in flexible fast-charging technology for electric cars. —Zaki Fasihuddin, CEO of the Volvo Cars Tech Fund.

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Volvo Cars Tech Fund invests in Israeli technology start-ups MDGo and UVeye

Green Car Congress

Volvo Cars has made investments in two Israeli technology start-ups through the Volvo Cars Tech Fund, the company’s venture capital investment arm. Both UVeye and MDGo have their headquarters in Tel Aviv, where Volvo Cars has been involved with DRIVE, an accelerator for young companies in the mobility sector, since 2017.

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Thomson Reuters report finds established auto industry companies, not Silicon Valley, leading development of autonomous driving tech

Green Car Congress

The report, which analyzes global patent activity in the field of self-driving automobiles over the last five years, identifies the global leaders in the development of the technologies and also makes predictions about the future of driverless cars. headlines over the past year have touted tech companies innovating in the automotive space.

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2024 trends in the auto industry promise a focused approach | Autocar Professional

Baua Electric

Likewise, the auto components industry also touched a new high. According to data shared by Automotive Component Manufacturers Association (ACMA), in FY23, the industry grew 32.8 However, passenger vehicle exports bucked the trend and registered growth, largely due to higher demand for sports utility vehicles.

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Android Auto makes its debut with support from multiple automakers and tech companies

Green Car Congress

Android Auto made its debut at the 2014 Google I/O annual technology conference in San Francisco as the first innovation resulting from the Open Automotive Alliance (OAA)—a coalition of tech companies and auto industry leaders launched in January by Google, NVIDIA, Audi, GM, Honda and Hyundai committed to bringing the Android platform to cars.

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Disruptive tech, sustainability agenda driving India’s auto INC | Autocar Professional

Baua Electric

With a mature manufacturing ecosystem, India is poised to contribute to global sustainable mobility solutions, fostering both domestic and international growth in the auto industry. The auto industry is making strides to replace the traditional sources of fuel with the carbon-free fuel.

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CAR report quantifies automotive’s position as a leading high-tech industry

Green Car Congress

A newly-released report by the Center for Automotive Research (CAR) concludes that the automotive industry is not only “high-tech,” it is frequently a leader in technological developments and applications. The report authors acknowledge the difficulty of defining “high-tech” in an ever-changing economic environment.