Electric Hypercar Developer Rimac Raises $500 Million Euro in Series D Round, Investors Include Porsche, Softbank and Goldman Sachs

Electric sports car maker Rimac Group (“Rimac”) has raised $500 million Euro in its latest Series D funding round. The funding round was led by SoftBank Vision Fund 2 and the Private Equity business within Goldman Sachs Asset Management, with participation from existing Rimac shareholders InvestIndustrial and automaker Porsche.

Eric Walz2022-07-08 11:00 PT

Supply of 2022 Audi, Porsche, Volkswagen EVs Sold Out

All of Volkswagen’s brands have run out of electric vehicles for the 2022 model year to sell in the U.S. and in Europe.

Vineeth Joel Patel2022-06-14 07:00 PT

DSP Concepts Announces TalkTogether Audio Software, Which Improves the Quality of Human-to Human Communication

Silicon Valley-based company DSP Concepts, a company specializing in audio signal processing and audio algorithms, announced the launch of a new product called “TalkTogether”, which is a highly scalable and fully-integrated audio software solution that improves human-to-human voice communications. In the auto industry, there is a growing need for solutions for robust audio processing capabilities for both human-to-machine and human-to-human communications.

FutureCar Staff 2021-05-30 07:00 PT

Volkswagen AG is Considering Listing its Porsche Unit to Fund its EV Push

​German automaker Volkswagen AG is considering listing a portion of its Porsche unit to fund the automaker’s transition to electric vehicles, according to sources that spoke with Reuters on Thursday. German business publication Manager Magazin reported the news earlier and said Volkswagen could list as much as 25% of Porsche, a stake that could be valued at 20 billion to 25 billion euros (US$24-30 billion).

Eric Walz2021-03-27 15:30 PT

Silicon Valley-based DSP Concepts Announces Investment from SUBARU-SBI Innovation Fund to Accelerate In-Vehicle Audio & Voice Controls

Silicon Valley-based digital audio processing company DSP Concepts announced an investment from the SUBARU-SBI Innovation Fund, a joint venture between automaker Subaru and Japan’s SBI Investment Co. The company is most recognized for its Audio Weaver software platform, which is designed to help to automakers create audio interfaces or add custom sounds to vehicles, including EVs.

Eric Walz2021-01-16 12:45 PT

Porsche Set to Introduce a More Affordable Taycan With Rear-Wheel Drive

Three models aren’t enough for the Porsche Taycan, as the German automaker is looking to introduce a fourth trim that’s more affordable and doesn’t come with all-wheel drive.

Vineeth Joel Patel2020-06-01 05:30 PT

Audi’s Latest PPE Platform Is Part of a Four-Pronged EV Approach

The Premium Platform Electric platform is being produced with some help from Porsche and will help Volkswagen Group come out with numerous electric cars.

Vineeth Joel Patel2019-11-19 05:00 PT

BMW & Porsche Unveil a 450 kW Ultra-Fast EV Charging Prototype

German automakers BMW and Porsche, along with a consortium of industry partners, have developed a new EV charging prototype that can deliver 450 kW of juice, more than triple the capacity of Tesla’s Supercharger network.

Eric Walz2019-01-19 11:55 PT

WayRay Raises $80 Million From Porsche & Hyundai to Bring Augmented Reality to Cars

WayRay, a leading company in the development of holographic augmented reality (AG) displays for cars, has announced a new investment round led by Porsche, Hyundai Motor, Alibaba Group, China Merchants Capital and others. The company is looking to become a major supplier of holographic AR solutions for the automotive industry.

Eric Walz2018-10-26 12:12 PT

Oct 10th, 2017 News of the Day: Nvidia unveils new supercomputer for level 5 autonomous driving

Oct 10th, 2017 News of the Day

Lydia2017-11-16 14:20 PT