10 VC Firms Investing in the Mobility of the Future

Behind every startup funding round there’s an eager venture capital firm waiting for its investment to mature. By some accounts, the mobility industry will be worth $3 trillion dollars across the various connected, shared, autonomous vehicle space as it continues to evolve and grow. With that in mind, Auto Finance News rounded up the top […]
  • Emma Sandler
  • October 2, 2017

EY’s New Blockchain System to Allow Shared-Ownership of Vehicles

Accounting and consulting firm EY, part of Ernst & Young Global Ltd., is launching a blockchain-based system that will allow both companies and groups of individuals to more easily share ownership of vehicles and access to cars and trucks. At its heart, blockchain is a distributed decentralized database technology that maintains a growing list of transactions, […]
  • Emma Sandler
  • September 11, 2017

Toyota Financial Collaborates With Ride-Hail Service Grab

Toyota Financial Services — along with Toyota Motor Corp. and Aioi Nissay Dowa Insurance Co. — are forming a collaboration with Southeast Asia ride-hailing giant, Grab, the companies announced today. The collaboration involves the Connected Company, a Toyota Motor in-house company, that has developed a data-transmission device that captures driving patterns and deliver telematics services like […]
  • Emma Sandler
  • August 30, 2017

Toyota Doubles Down on Blockchain Tech for Autonomous Vehicles

Toyota Research Institute launched a consortium yesterday to explore use-cases for blockchain in self-driving cars, signalling that this technology is “something worth exploring” within mobility, Chris Ballinger, the company’s chief financial officer and director of mobility services, told Auto Finance News. TRI partnered with MIT Media Lab and other industry players to create the digital environment. Blockchain technology sends information over a network […]
  • Emma Sandler
  • May 23, 2017

Getaround Aims to Develop On-Demand Maintenance Services

SAN DIEGO — Getaround is preparing for an autonomous future by developing technology to enable its platform to provide on-demand maintenance services, Chief Financial Offer Adam Kosmicki said at Auto Finance Innovation 2017 yesterday. Getaround is the sharing access point for a vehicle, Kosmicki said. “We have built a technology platform where, in a lot of cars today, we have […]
  • Natalie Mattila
  • May 18, 2017

Toyota Partners With Not-for-Profit to Help Scale Character-Based Lending

Toyota Motor Co., through Toyota Social Innovation, formed a partnership with not-for-profit organization On the Road Lending — by providing three grants totaling over $1 million, the companies announced yesterday. Dallas-based On the Road Lending, formed in 2013, operates through a character-based lending model to help individuals build financial capability and then provide an affordable loan for a vehicle through its […]
  • Emma Sandler
  • May 12, 2017

Will Getaround Expand Toyota Lease Incentive Program With $45MM Funding?

Getaround plans to open up its peer-to-peer carsharing platform to five additional markets this year, including potentially New York, thanks — in part — to the $45 million it raised in Series C funding, Auto Finance News has learned. The expansions will mark 2017 as Getaround’s biggest expansion year, Jacqueline Tanzella, director of marketing communications at Getaround, told Auto Finance News. […]
  • Natalie Mattila
  • April 21, 2017

5 OEMs Using Virtual Reality to Change the Auto Market

When augmented and virtual reality first entered the consumer scene there was a lot of excitement behind its entertainment applications, particularly with video gaming. But as people have grown more familiar with the product, automakers are jumping on the bandwagon to explore the use-cases for both engineering and designing, as well as how to encourage customers to […]
  • Emma Sandler
  • March 30, 2017

Toyota Mulls Carsharing Models for Autonomous Vehicles

Toyota Research Institute is looking into various opportunities within the mobility landscape, with an eye toward developing a rideshare service or subscription model that will make autonomous cars more affordable, said Ryan Eustice, vice president of autonomous driving at Toyota Motor Corp.’s Silicon Valley-based research facility. There are new opportunities when considering the finance model of autonomous […]
  • Natalie Mattila
  • March 20, 2017

Toyota Redesigning Autonomous Car Tech to Widen Driving Capabilities

Toyota Research Institute is re-architecting the technology underlying the Guardian driver-assist system, to support Toyota’s autonomous cars with more capabilities to access a wider expanse of roadways, Auto Finance News has learned. Toyota unveiled its first autonomous car last week, a Lexus LS 600hL test vehicle equipped with LiDAR, camera arrays, and radar, to enable self-driving without relying […]
  • Natalie Mattila
  • March 15, 2017
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