BY AUTOMOTIVE VENTURES | AUG 7 2023 | VIEW ONLINE ➡️

Automotive Ventures has just made an investment into company i-5O (“i-FIVE-O”) out of our our Mobility Fund. i-5O has developed a proprietary computer vision solution to help manufacturers track, measure and improve their manual production processes. The company counts several automotive Tier 1 suppliers and OEMs as customers, and has demonstrated 99.8% accuracy. We're thrilled to partner with Albert and Khizer on their journey making automotive manufacturing more efficient. How you can help i-5O:  introductions to Tier 1s and OEMs, particularly relevant right now are those with manufacturing operations in Japan and Mexico. (Link)

Several Tesla owners have filed a lawsuit against the U.S. automaker over allegations of consumer fraud a week after an investigation found the company had exaggerated the range estimates of its EVs for years. (Link)Researchers found a way to hack the hardware in Tesla’s infotainment system, allowing them to get what normally would be paid upgrades (such as heated rear seats) for free. (Link)The Federal Communications Commission (FCC) has handed down its largest ever fine of $299 million for 'car warranty' robocall scammers accused of bombarding the public with as many as five billion unwanted calls. (Link)The California Privacy Protection Agency (CPPA) will review the data privacy practices of automakers that make and sell connected vehicles. Privacy advocates have raised concerns that these vehicles often automatically gather consumers’ locations, personal preferences, and other details about their daily lives. (Link)Ford CEO Jim Farley said he is hearing consumers who express apprehension about all-electric vehicles and has adjusted company strategy. Many competitors are touting a desire to shift completely to electric vehicles. Ford is pumping the brakes. Ford will reveal a refreshed Ford F-150 hybrid at the Detroit auto show in mid-September. (💲Link)A bill introduced on Tuesday by New York state officials could force NYC's most ticket-prone drivers to install speed governors on their vehicles as a result of their bad behavior. (Link)Waymo plans to launch a robotaxi service in Austin — putting the company once again in direct competition with rival Cruise. Austin will be the company’s fourth commercial market following Phoenix, San Francisco and Los Angeles. (Link)The fastest growing & declining industries in the U.S. courtesy of Visual Capitalist. (Link)A glimpse into the future of warehouse automation and how robotics will co-exist with human labor. (💲Link)Have a great week,Steve Greenfield

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🗞️ The August Intel Report is out: Get a behind-the-scenes look at how we're architecting a global mobility venture firm. (Link)

🗞️ On this week's Future of Automotive segment on CBT News we discuss Recurrent's latest Used EV Market Report. (Link)🎤  I had a chance to catch up with David Spisak from Disruptive Growth Solutions. (Link)📢 Congratulations to Automotive Ventures Operating Partner Chip Perry for accepting a new role as CEO of Sotheby's Motorsport, a new collector call marketplace from RM Sotheby's and Motorsport Network. Sounds like the perfect role for him. (Link)

🌟 Privacy4Cars created a robust and auditable process to quickly and efficiently delete personal information stored in vehicles due to users connecting their phones to vehicle infotainment systems, using the navigation system or universal garage door openers. (Link)

🌟 Peaxy builds a “battery passport” for each individual battery serial number, which helps track that battery’s analytics and performance across the entire lifecycle. (Link)

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Early-stage AutoTech or Mobility founder? We'd love to hear from you.

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