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Economics BOSTON, March 25, 2024 /PRNewswire/ -- Indigo Technologies, a robotics focused Smart EV OEM with breakthrough road sensing SmartWheels™ invented by team out of MIT, today announced it has received a strategic investment from Hon Hai Technology Group (Foxconn). The investment, which recently gained regulatory approval after being first announced late last year, accelerates Indigo, the US automotive tech innovator in its development of smart, smooth and efficient light utility EVs designed for sustainable ride hail, delivery and autonomous transportation services.
Key Points:
- The investment, which recently gained regulatory approval after being first announced late last year, accelerates Indigo, the US automotive tech innovator in its development of smart, smooth and efficient light utility EVs designed for sustainable ride hail, delivery and autonomous transportation services.
- "Our cities, citizens and businesses need affordable and desirable EVs that improve safety, utility and comfort," says Will Graylin, CEO of Indigo.
- "We are thrilled to be partnering with Foxconn on the mission to create technology for smart living and deliver the next generation of lighter, more cost effective EVs for sustainable mobility at scale.
- According to Foxconn, this will support the vision to turn an MIT invention into a global innovation with commercial adoption.
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Meanings of minor planet names: 3001–4000,
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Nortel LOS ANGELES, May 9, 2022 /PRNewswire/ -- Indigo Technologies, an automotive OEM building a whole new class of smoother, roomier and more affordable light EVs for fleets, delivery, and rideshare, today revealed the full-size model of the Indigo FLOW™ and FLOW PLUS™ at the Advanced Clean Transportation (ACT) Expo (Booth #548) in Long Beach, California, May 9-11, 2022.
Key Points:
- We are very excited to showcase the Indigo FLOW and FLOW PLUS.
- Indigo EVs' unmatched rider ergonomics and unit economics are enabled by its patented robotic wheels that free up more cabin space while providing superior ride quality.
- "We are very excited to showcase the Indigo FLOW and FLOW PLUS," says Will Graylin , CEO of Indigo.
- Indigo is delivering a whole new class of smoother, roomier and more affordable light EVs designed for rideshare & delivery.
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Porsche Both FLOW and FLOW PLUS will provide more than 250 miles of range with only a 40kWh battery.
Key Points:
- Both FLOW and FLOW PLUS will provide more than 250 miles of range with only a 40kWh battery.
- Indigo Introduces New Class of Smooth, Roomy, Affordable EVs for Rideshare and Delivery at CES 2022
With explosive growth for on-demand deliveries and rideshare, and with companies like Uber and Amazon joining the Climate Pledge, providing efficient and capable EVs that drivers can afford is an imperative.
- "Indigo invented robotic wheels that uniquely enable more space and comfort for small urban EVs," says Will Graylin, CEO of Indigo.
- Indigo is delivering an entirely new class of smooth riding and roomy electric vehicles that are highly efficient and affordable for fleets and drivers.
Indigo will use the new investment to fund the first-stage prototype builds of its electric vehicle entrants: Project Alpha and Project Bravo.
Key Points:
- Indigo will use the new investment to fund the first-stage prototype builds of its electric vehicle entrants: Project Alpha and Project Bravo.
- The introduction of fully electric vehicles will usher in a new era of lightweight, ultra-efficient, affordable electric vehicle design without sacrificing ride handling, comfort, and functionality.
- "We are excited to invest with Indigo as they transform the fast-growing global electric vehicle market and solve last-mile challenges for retailers."
- Indigo also announces a deal with the world's global leader in electric motor manufacturing, Jing-Jin Electric (JJE).
