transportation

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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Declining Sales, Production Setbacks Add Miles to Bumpy EV Journey
Declining Sales, Production Setbacks Add Miles to Bumpy EV Journey
April 05, 2024  |  Transportation

Barely a week following the launch of Xiaomi’s highly anticipated electric car, which catapulted the electric vehicle (EV) market into the limelight, other original equipment manufacturers...

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AI and Connected Vehicles Create New Road Maps for Smart Cities
AI and Connected Vehicles Create New Road Maps for Smart Cities
April 04, 2024  |  artificial intelligence

Death, taxes — and traffic — are some of life’s unavoidable certainties. But in the quest for smarter, more efficient urban environments, artificial intelligence (AI)...

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FourKites and BuyCo Partner on Container Shipping Management Solution
FourKites and BuyCo Partner on Container Shipping Management Solution
April 03, 2024  |  Partnerships

FourKites and BuyCo partnered to offer a container shipping management solution that provides Fortune 500 shippers with visibility across inland and ocean shipments. With the integrated offering created...

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Electric Vehicle Maker Canoo Discloses ‘Substantial Doubt’ About Its Future
Electric Vehicle Maker Canoo Discloses ‘Substantial Doubt’ About Its Future
April 01, 2024  |  Transportation

Electric vehicle manufacturer Canoo disclosed in a Monday (April 1) annual report that its management has identified “substantial doubt” about the company’s ability to continue as a going concern....

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Coast Raises $92 Million to Improve Fleet Management Payments
Coast Raises $92 Million to Improve Fleet Management Payments
March 21, 2024  |  Investments

Fuel and fleet spending management firm Coast has raised $92 million in new capital. The funding round includes $25 million in equity capital from investors such as...

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Aviation’s Digital Transformation Aims for a Connected Future
Aviation’s Digital Transformation Aims for a Connected Future
March 20, 2024  |  Travel Payments

The aviation industry stands on the cusp of a significant transformation, driven by the widespread adoption of digital technologies. From booking flights to managing operations...

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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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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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