Day: January 12, 2022

FinTech Car Capital: $150M Credit Facility

Car Capital, the automotive FinTech car company, has closed a $150 million three-year secured credit facility, a press release says.

That will also come with debt needed to help grow the business, which will fund more dealers and bolster the number of underserved customers wanting to buy vehicles.

“We are very pleased to partner with Fortress who has a long history of providing capital to FinTech and automotive companies,” said Justin Tisler, co-founder and CEO at Car Capital. “The commitment, both on the debt and equity side, of such a respected market participant is a testament to our business model, team, and market opportunity.”

Car Capital’s dealer partners will make use of its Dealer Electric Auto Loan System (DEALS) fully digital platform to instantly approve deals for customers without respect to credit history. DEALS will allow for dealers to make 24/7 approval decisions based on the individualized economics

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Grand Action Simulator

Most of the adjustments occurring within the automotive market at this time, including tightened credit score markets in a capital-intensive trade and elevated authorities involvement are the latest world challenges. During World Battle I the productive capability of the automotive business first demonstrated its army worth. Motor vehicles have been used extensively for transport and supply. In addition, automotive vegetation might readily be converted into services for manufacturing military tools, together with tanks and aircraft. For all the belligerents the conversion of automotive services was an afterthought, improvised after the start of hostilities, and the American business, concerned only for a short time, by no means fully utilized its capacity.

The settings I most popular for the observe were: Observe Mode with the throttle map set to Road, ABS set to Supermoto, and Wheelie Control on (sure, I suck at wheelies). I suppose the setting that stands out is the … Read More

Volvo shows off the Polestar 3’s sweet new Android Automotive interface

The full Polestar 3 design isn't revealed yet, but Volvo released this camouflaged photo.
Enlarge / The full Polestar 3 design isn’t revealed yet, but Volvo released this camouflaged photo.

Volvo

Volvo, Qualcomm, Google are teaming up to make car infotainment even more smartphone-like than ever. If Wintel (Windows plus Intel) is the default software+hardware combo of the PC era, then the smartphone equivalent has got to be Android and Qualcomm (Andcom? Qualdroid?). Volvo is bringing this combo to the upcoming Polestar 3 electric SUV, which is due sometime in 2022. We also got a sneak peek at what the new interface would look like.

Volvo’s Polestar 2 was the first to ship Google’s Android Automotive OS in a car. Unlike Android Auto or Apple’s CarPlay, which run on your smartphone, Android Automotive OS has a custom version of Android preinstalled on the car, as the main car infotainment OS. Even if you have an iPhone, your car still runs Android. The Polestar 2

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New Software Allows Shoe Shopping While Charging Your EV, Without Leaving the Car

A new third-party in-car web browser will allow drivers and passengers to watch, shop and browse all from the comfort of the driver’s seat, without having to pick up a smartphone or tablet.

Vivaldi, a web browser developed by a tech company in Norway, is now available for download in the Polestar 2 electric car in all North American, European and Asia Pacific markets. Polestar 2 is the first auto to carry the browser, which could be coming to other Android Automotive operating systems in the future.

“Now there is basically no limit to the web content you can explore in Polestar 2,” Polestar CEO Thomas Ingenlath said in a press release.

While only available in one car from one brand, this paves the way for Vivaldi or other third-party browsers to make their way into other cars that utilize Android Automotive OS. Many automakers are switching to the

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