Technology News

Hosur-based two-wheeler giant, TVS Motor Company has announced that it has invested $3.85 million (around Rs. 26.69 crore) in TagBox, a supply chain IIoT and Machine Learning platform company as part of its Series A funding round. The company further stated that this round was completely led by TVS and its Singapore-based subsidiary TVS Motor (Singapore) Pte Limited. The new investment in TagBox is part of the initial set of investments being made in strategically relevant digital start-ups, according to the company. Back in 2017, TVS announced purchased a 15 per cent stake in electric vehicle start-up Ultraviolette Automotive.

Germany has opened its first test route for overhead line hybrid trucks (OH trucks) or simply put an electric highway.

Lyft said Tuesday its loss in the past quarter widened to $1.1 billion in the ride-hailing giant's first financial report as a public company, as it announced it was teaming up with former Google car unit Waymo on autonomous taxis.

The economy ministries of both countries sent a letter of intent to the European Union's executive body asking it to give a provisional go-ahead, a German economy ministry spokeswoman said, without giving a sum for the planned state funding.

German auto supplier Bosch on Monday said it had reached a licensing agreement with Powercell Sweden AB to jointly mass produce hydrogen fuel cells for electrifying heavy-duty commercial vehicles.

Drivers can use this technology to adjust seven performance features including the maximum torque output of the motor, ignition, acceleration and deceleration abilities, regenerative braking capacity, maximum speed limit, responsiveness, and energy use on climate control.

Jaguar Land Rover, Britain's largest auto manufacturer, said on Monday it is testing software that will allow drivers of its cars to earn the IOTA cryptocurrency as a reward for sharing data.

Ford has come out with a solution to ease your stress and it's used car technology in a shopping cart.