funding

Car Capital Announces $8.8 Million Series A Funding Round and Launches Operations

“We’re excited to be an investor in Car Capital,” said Chase Fraser, Managing Partner at FM Capital. “The company possesses the technology to make vehicle financing accessible to all consumers, and dealers will benefit by increasing their monthly unit sales.”

The Car Capital program allows their dealer partners to make real-time, instant changes to deal terms based on the economics of each unique car and consumer. Car Capital and their dealer partners work together to align the interests of

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Iteris Receives $3.15 Million in Additional Task Order Funding from Federal Highway Administration to Support Nation’s Architecture Reference for Cooperative and Intelligent Transportation


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Activities to Encourage State-Level Interoperability, and Preparedness for Connected and Automated Vehicles

  • Task order includes implementation and evolution of ARC-IT framework, as well as delivery of training programs to public agencies nationwide
  • Contract leverages Iteris’ expertise to prepare cities and states for advancements in connected and automated vehicle technology
  • Project demonstrates Iteris’ continuous role as trusted advisor to US Department of Transportation and agencies across the country

 

SANTA ANA, Calif.–(BUSINESS WIRE)–
Iteris, Inc. (NASDAQ: ITI), the global

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Sen. Blumenthal, Rep. Davis introduce legislation permanently funding Amtrak

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U.S. Sen. Richard Blumenthal (D-CT) and U.S. Rep. Danny Davis (D-IL) introduced legislation in both houses of Congress Tuesday to provide for permanent federal funding for Amtrak.

The bill, the Intercity Passenger Rail Trust Fund Act, would create dedicated funding streams to help Amtrak invest in major improvement projects, increase passenger rail efficiency, and provide safer, more reliable service.

“This bill envisions the long-term, steady funding commitment to our nation’s intercity passenger rail system necessary to ensure it is safe and reliable for passengers today and long into the future,” said Blumenthal. “Every other critical mode of transportation

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Ohio State earns DOE funding to drive fuel economy improvements in next-gen vehicles

The Ohio State University has received $5 million in funding from the U.S. Department of Energy’s Advanced Research Projects Agency-Energy (ARPA-E) to optimize fuel economy in connected and automated vehicles.

This is Ohio State’s second project to be funded through ARPA-E’s Next-Generation Energy Technologies for Connected and Automated On-Road Vehicles (NEXTCAR) program. Research will be led by Ohio State’s Center for Automotive Research (CAR).

CAR’s initial NEXTCAR project demonstrated a multi-horizon vehicle dynamics and powertrain control optimization algorithm that improves fuel economy on a light-duty vehicle by more than 20%. In the current project, Ohio State, BorgWarner and

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DOE Releases New Notices of Intent for Sustainable Transportation Tech Funding

The U.S. Department of Energy (DOE) Office of Energy Efficiency and Renewable Energy has shared that it has three funding opportunities for sustainable transportation technologies coming this spring.

These funding opportunities are looking for innovative research, development, demonstration, and deployment (RDD&D) in the pursuit of technologies that will help reduce greenhouse gas emissions across the highest source of emission in the United Stated: the transportation sector.

One of the Biden administration’s top priorities is building a clean energy economy while addressing the climate crisis, and it has laid out an extensive plan for this — or is rolling out elements

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Where Does Surface Transportation Funding Stand?

President Joe Biden’s coronavirus relief proposal has moved forward with House approval of a $1.9-trillion package that adheres largely to his framework and the legislation now moves to the Senate. Cedric Richmond, senior advisor to President Biden and director of the White House Office of Public Engagement, said a “hard push” is coming on an infrastructure stimulus bill once the administration gets this American Rescue Plan or ARP is passed.

“President Biden knows the role infrastructure plays in this country. He knows that when we invest in roads, bridges, ports, etc., we are going to get a return on our

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