This week, Michigan’s economic development office notched a win when it announced that Waymo, Google’s mobility arm, had chosen the Great Lakes State as the location for a new manufacturing operation. According to a press release from the Michigan Economic Development Corporation (MEDC), Waymo will invest $13.6 million in a factory that will integrate Waymo’s … Continue reading “MEDC Leader Details Michigan’s Road to the Waymo AV Factory Deal”
Tag: Magna
New Round Boosts Lyft Valuation to $15B, But Uber Still Looms Large
Ridesharing service Lyft has upped its valuation by about $3.5 billion after adding a $600 million round of funding, which the company said Wednesday morning was led by previous investor Fidelity Management & Research. The new funding round gives Lyft a $15.1 billion post-money valuation, the company said in a blog post. That’s up from … Continue reading “New Round Boosts Lyft Valuation to $15B, But Uber Still Looms Large”
SPLT Competes at Google Demo Day, Gets Steve Case’s Attention
SPLT, the Techstars Mobility alum now based in Detroit, has spent the past few months crisscrossing the globe to take part in startup competitions and other events as it continues to rapidly grow. This week, the enterprise ridesharing startup that connects employees within organizations to share their commute is out in Mountain View, CA, as … Continue reading “SPLT Competes at Google Demo Day, Gets Steve Case’s Attention”
MI’s Power Electronics Industry Collaborative Snags $500K Award
Today, NextEnergy announced that the Power Electronics Industry Collaborative (PEIC) has been awarded a two-year, $500,000 grant from the National Institute of Standards and Technology (NIST). The award was given as part of the Advanced Manufacturing Technology Consortia, or AMTech, program to fund the PEIC’s efforts toward strengthening the domestic power electronics cluster and supply … Continue reading “MI’s Power Electronics Industry Collaborative Snags $500K Award”