Toyota Motor Corp’s trading arm is the latest participant in ride-hailing firm Grab’s current financing round expected to raise $2.5bn. Led by Chinese peer Didi Chuxing and Japan’s SoftBank Group Corp, Reuters reports that Toyota Tsusho Corp, in which Toyota Motor is the biggest stakeholder, has invested an undisclosed sum in the business. Toyota Motor [...]

Faraday Future, which some believe will emerge as Tesla’s main rival, has signed a lease on site that will become its assembly plant. The one million square foot building in Hanford, California, will help company get its inaugural vehicle, the 1,000-horsepower, self-driving SUV FF91, on the road by the end of the next year. The [...]

Vulog, a shared mobility technology provider powering some of the world’s most successful services across four continents, has raised $20m in Series B funding. The capital raised included participation of Frog Capital (UK), Inven Capital (Czech Republic), as well as historic investors Bpifrance (France) and ETF Partners (UK). The funds will be used to strengthen [...]

OSR Enterprises AG has signed a partnership agreement with SAP. Through the partnership OSR in-vehicle artificial intelligence (AI) brain platform and SAP cloud platform will combine to power data-driven business models in the future of mobility. The partnership claims the offering will help automotive OEMs and mobility service providers bridge the gap between in-vehicle systems [...]