Transportation

TDK backs Ultraviolette with $21M to take India-made electric motorcycles global

Transportation /

Two months ago, Indian electric motorcycle startup Ultraviolette expanded into 10 European countries. Now, fueled with $21 million in an all-equity round led by the corporate venture arm of Japanese electronics giant TDK Corporation, Ultraviolette is putting its expansion plans into overdrive. The nine-year-old startup plans to grow its European footprint fourfold, enter other motorcycle-driven […]

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Ford throws out Henry Ford’s assembly line to make low-cost EVs in America

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Ford said Monday it will invest $2 billion to transform its Louisville Assembly Plant into a factory capable of making a new generation of affordable EVs, starting with a mid-sized pickup truck with a base price of $30,000 that is slated to launch in 2027. This is not a standard factory upgrade. To reduce the

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Security flaws in a carmaker’s web portal let one hacker remotely unlock cars from anywhere

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A security researcher said flaws in a carmaker’s online dealership portal exposed the private information and vehicle data of its customers, and could have allowed hackers to remotely break into any of its customers’ vehicles. Eaton Zveare, who works as a security researcher at software delivery company Harness, told TechCrunch the flaw he discovered allowed

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SoftBank reportedly bought Foxconn’s Ohio factory for the Stargate AI project

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The mystery buyer of the former General Motors factory owned by Foxconn in Lordstown, Ohio is apparently SoftBank, according to Bloomberg News. SoftBank wants to use the factory to build AI servers as part of the Stargate data center project being spearheaded by the Japanese conglomerate, OpenAI, and Oracle. The report comes just a few

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Federal regulators give Zoox an exemption for its custom-built robotaxis

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The National Highway Traffic Safety Administration has given Zoox an exemption to demonstrate its custom-built robotaxis on public roads and closed a related investigation into whether the Amazon-owned company had sidestepped federal regulations. The decision, which was announced Wednesday, clears up a long-standing debate over whether Zoox’s custom-built autonomous vehicles complied with federal motor vehicle

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Jeh Aerospace nets $11M to scale the commercial aircraft supply chain in India

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Indian startup Jeh Aerospace founders Vishal Sanghavi and Venkatesh Mudragalla have had a front row seat to the commercial aircraft sector and its growing production bottleneck. The two former Tata Group executives spent close to two decades in different positions at the company and worked on projects that included participation from global aerospace companies, including

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Foxconn sells former GM factory to mystery buyer after failing to make EVs

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Foxconn has sold the former GM factory it has owned for three years after failing to stand up any meaningful, large-scale electric vehicle production there. The pivot marks the second major failure of Foxconn to deliver on its promises to help revive U.S. manufacturing. The iPhone-maker once promised to build a giant LCD factory in

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