Series

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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SAIC Motor Launches R Brand EV Line Powered by Luminar for Series Production

PALO ALTO, Calif.–(BUSINESS WIRE)–Luminar Technologies, Inc. (“Luminar”) (Nasdaq: LAZR), the global leader in automotive lidar hardware and software technology, today announced a strategic partnership with SAIC Motor Corporation Limited, the largest automaker in China and a Fortune Global 100 company. Luminar is to power the autonomous capabilities and advanced safety features in SAIC’s new R brand vehicles for series production with its industry-leading lidar as well as components of its Sentinel software system. The R brand program is expected to begin series production with Luminar starting in 2022, with the parties’ longer-term goal being widespread standardization across all

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