TROY - In-Wheel Electric Motor company Protean Electric announced this week that it has completed a $40 million equity investment as the initial closing of its Series E funding round. Protean, founded in 2009 as a spinout of a bankrupt English electric motor manufacturer, has approximately 110 employees. The company has research and engineering offices in
ROYAL OAK - Guneet Bedi is the vice president sales and general manager Americas at relayr, a complete IoT Solutions using a combination of software, consulting services, insurance, and finance to help manufacturers stay relevant in the age of Industry 4.0 Bedi, in an interview on M2 TechCast, said relayr allows original equipment manufacturers migrate
WIXOM – Auto supplier Kiekert is moving its manufacturing operations to a new 41,000 square foot plant in Wixom, part of a $3 million expansion to double the Kiekert’s production capacity in the United States. The company’s previous production facility in Wixom will continue to serve as Kiekert’s research-and-development center. It leads the company’s engineering
ANN ARBOR — Connected cruise control uses vehicle-to-vehicle communication to let automated vehicles respond to multiple cars at a time in an effort to save energy and improve safety. University of Michigan researchers have demonstrated its effectiveness on public roads, even when just one automated vehicle is moving among human-driven cars. Vehicle-to-vehicle communication, or V2V,
OTTAWA LAKE - The Toyota Research Institute will build a closed-course 60-acre test facility at Michigan Technical Resource park in Ottawa Lake that will become operational in October to develop automated vehicle technology. Construction permits were filed this week. The new site will be used exclusively by TRI to safely replicate demanding “edge case” driving
ROYAL OAK - Milan Stevanovich, vice president of global strategy for the Detroit Chinese Business Association, discussed the recent Detroit-China Cross Border Investment Summit he hosted at NextEnergy on April 19 that featured a full day focusing on collaborative investment opportunities between the U.S. and China. The TED-style conference emphasized collaborative investment opportunities in the
LANSING - PlanetM is teaming up with WardsAuto to host Match Meetings at their upcoming Interiors Conference May 30 at the Cobo Center in Detroit. The deadline for suppliers to apply is May 1. Tech Provider (supplier) Application: Tech Provider Application This event is expected to draw more than 500 industry professionals. PlanetM is
PLYMOUTH - Hella has expanded the functions of its nightdrive app to include visual road-surface guidance, optical distance warning, ideal driving lines, cycle-path illumination and visual safety zones. The free app is available now in German, English and Chinese for iOS and Android devices in the App Store and Google Play Store respectively. According to
BLOOMFIELD HILLS - Connected vehicle security startup Karamba Security Ltd. announced it has raised $10 million in another venture round that will be used to fund the acquisition of companies and technology to beef up its Autonomous Security portfolio. The money in this round came from Silicon Valley-based venture debt firm Western Technology Investment. Last May, Karamba, an Israeli
ROYAL OAK - If you are an auto writer attending the SAE World Congress Experience, AutoCom Associates is hosting a media luncheon on April 11 at Joe Muer Seafood restaurant at the Renaissance Center. Some major AutoCom clients on hand will be Freudenberg, HBPO, Chassis Brakes and more. AutoCom’s Michael Scholl provides all the details.
