Top 10 Global Companies in the Automatic Number Plate Recognition System Market

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Automatic number plate recognition (ANPR) technology that processes images using number plate to identify vehicles. The system initially detects the vehicle and then captures front and rear images of the vehicle. The Automatic Number Plate Recognition (ANPR) was first developed in the U.K. at the Police Scientific Development Branch back in 1976. Over the course… Continue reading Top 10 Global Companies in the Automatic Number Plate Recognition System Market

Ola Electric Raises $100 Million in Debt Funding from Bank of Baroda to Accelerate Production of its Electric Two-Wheelers

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Ola Electric, the EV focused segment of Indian ridesharing giant Ola, announced it has raised USD 100 million in debt from Bank of Baroda. Ola Electric, that focuses on electric scooter manufacturing and selling, will be using this fund in its EV manufacturing facility to make over 10 million electric scooters annually. Ola Electric and… Continue reading Ola Electric Raises $100 Million in Debt Funding from Bank of Baroda to Accelerate Production of its Electric Two-Wheelers

Autonomous Vehicle Startup Halo and T-Mobile Partner to Launch Driverless Electric Cars in Las Vegas on T-Mobile 5G Network

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Autonomous vehicle tech company Halo has partnered with telecom operators, T-Mobile to leverage its 5G network technology to operate Halo’s fleet of remotely operated EVs across Las Vegas. The cars, however, won’t be solely operating on T-Mobile 5G but will also be relying on other networks. The advent of 5G technology has revolutionized almost every… Continue reading Autonomous Vehicle Startup Halo and T-Mobile Partner to Launch Driverless Electric Cars in Las Vegas on T-Mobile 5G Network

Leading Automotive And Tech Giants Join Forces To Power Self-Driving Technology

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Companies in the IT and automotive industries have joined forces to establish the groundwork for safety standardisation and the mass manufacture of self-driving cars. The joint body that is called The Autonomous is a collaboration between ARM, Audi, Cariad, Baselabs, CoreAVI, Denso, Fraunhofer IESE, NXP, the Swedish Royal Institute of Technology, and TTTech Auto. According… Continue reading Leading Automotive And Tech Giants Join Forces To Power Self-Driving Technology

Volvo Cars Joins Forces with Swedish Battery Maker Northvolt to Develop Sustainable Batteries for EVs

Swedish automotive company, Volvo Car announced a strategic partnership with leading battery company Northvolt for the development and production of sustainable batteries. The new batteries will be tailored to power the next-generation Volvo and Polestar electric cars. Under the partnership, the two companies will also set up a gigafactory, the location of which is undisclosed… Continue reading Volvo Cars Joins Forces with Swedish Battery Maker Northvolt to Develop Sustainable Batteries for EVs