Berlin-based Merantix, a venture studio that specifically concentrates on building “AI companies,” says it has raised a new €25 million fund ($27 million). Anchor investors include Trusted Insight, the Robert Wood Johnson Foundation, the W.K. Kellogg Foundation, as well Continue reading →
Volkswagen is investing $2.6 billion in Argo AI, the self-driving-car developer leading Ford’s effort to deploy an autonomous taxi service. Along with boosting VW’s robotic efforts, the deal extends the automakers’ nascent alliance, which includes jointly developing conventional vehicles, to Continue reading →
You’ve heard the story: Exchange your old-fashioned internal combustion engine for an electric one, and change the world. Turns out it’s more complicated than that. While driving an electric car generally saves on emissions, building one is way more energy-intensive Continue reading →
In a bid to show that it’s getting ready for the electrification of American roads, Royal Dutch Shell is buying Greenlots, a Los Angeles-based developer of electric vehicle charging and energy management technologies.