automotive

Robomart CEO: Autonomous Technology Will Speed the Rise of ‘Mobile Retail’
Robomart CEO: Autonomous Technology Will Speed the Rise of ‘Mobile Retail’
April 09, 2024  |  Retail

As self-driving technology comes closer into view, Robomart sees mobile stores as a key retail channel going forward. The company, which provides hail-able mobile shops for retailers,...

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Basemark Raises $23 Million For Augmented Reality Automotive Software
Basemark Raises $23 Million For Augmented Reality Automotive Software
April 09, 2024  |  Investments

Augmented reality (AR) software firm Basemark has raised $23 million in a new funding round. Based in Helsinki, Finland, Basemark makes augmented reality (AR) tools that...

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Vroom Completes Wind-Down of eCommerce, Used Vehicle Dealership Businesses
Vroom Completes Wind-Down of eCommerce, Used Vehicle Dealership Businesses
April 05, 2024  |  eCommerce

Vroom completed the previously announced wind-down of its eCommerce and used vehicle dealership businesses. The company ended transactions through vroom.com, completed previously contracted transactions, sold “substantially all”...

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AutoSettle Launches Car-Buying Platform in Australia
AutoSettle Launches Car-Buying Platform in Australia
March 20, 2024  |  eCommerce

FinTech startup AutoSettle launched a platform to improve the vehicle-buying process in Australia. The platform is the world’s first virtual settlement exchange for cars and offers instant and...

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PayPal-Backed NX Technologies Raises $24 Million to Streamline Automotive Payments
PayPal-Backed NX Technologies Raises $24 Million to Streamline Automotive Payments
March 20, 2024  |  Investments

NX Technologies raised 22 million euros (about $24 million) in a Series B funding round led by PayPal Ventures. The company will use the capital to strengthen...

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Privacy Vs. Convenience: Connected Car Data Sharing Draws Debate 
Privacy Vs. Convenience: Connected Car Data Sharing Draws Debate 
March 19, 2024  |  Transportation

Findings from a recent New York Times report have brought to light a concerning reality for drivers: their every trip detail, from speeding to sudden braking, is meticulously...

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Apple’s CarPlay Gains New Weight as EV Plan Stalls
Apple’s CarPlay Gains New Weight as EV Plan Stalls
March 17, 2024  |  Apple

Last month, Apple announced it was sunsetting its plans to enter the electric vehicle space. Now, the company’s CarPlay offering has become the tech giant’s sole hope...

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Hertz CEO Departs Following EV Troubles
Hertz CEO Departs Following EV Troubles
March 17, 2024  |  Transportation

Hertz’s CEO is stepping down following the company’s major shift on the electric vehicle front. Stephen Scherr, who joined the rental car giant in 2022,...

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Earnings Season Shows Some Momentum for Online Car Platforms
Earnings Season Shows Some Momentum for Online Car Platforms
March 14, 2024  |  Retail

Through the past several months, buying a car — used or new — has been, to put it mildly, out of reach. Inflation has run...

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