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Exponential Exchange closes on $7.4 million funding to develop risk mitigation tools for the automotive ecosystem | Auto Remarketing Auto Remarketing

Financial innovation platform Exponential Exchange has closed an oversubscribed $7.4 million seed funding round led by MaC Venture Capital to continue building a suite of financial instruments designed to bring new risk-management tools into the automotive ecosystem, as well as other industries with underserved asset classes.

Industries such as agriculture, energy and manufacturing have long been able to hedge against price risk by using derivatives, Exponential said. Meanwhile, auto fleet owners and insurance companies have not had that option.

Exponential said its mission is to change that by creating a set of financial instruments that would allow rental car companies,

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Impact of the European Critical Raw Materials Act on Electric Motors

The European Commission has proposed the Critical Raw Materials Act to “ensure the EU’s access to a secure, diversified, affordable and sustainable supply of critical raw materials”. This act could have big implications for various technologies and markets, but one that is growing rapidly with a heavy reliance on critical raw materials is the electric vehicle (EV) market, specifically electric motors. IDTechEx predicts that yearly demand for rare earth magnets in EV motors will surpass 1 billion kg by 2031. In which case, what impact will this new act have within the EV market?

Europe is extremely dependent on other

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How to replace your spark plugs | Autoblog Wrenched

Autoblog may receive a share from purchases made via links on this page. Pricing and availability are subject to change.

Spark plugs are the heart of your car’s ignition system. If yours are worn out, new ones can dramatically improve your performance. See how to replace them here. Watch all of our Autoblog Wrenched videos for more tips on how to diagnose, fix, and modify cars from professional detailer Larry Kosilla. While you’re at it, check out Larry’s other car cleaning and maintenance video series Autoblog Details!

Materials Used:

The sparky heart of your ignition system

If your spark

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4 great roadside assistance kits

Looking for the best emergency kit for your car? Here are a handful of Autoblog’s favorites.

Always Prepared Roadside Emergency – $39.99
Includes items like a heavy-duty tow rope, a window breaker, and an accident report form.

Kolo Sports Premium Auto Emergency Kit – $42.79
This kit claims to be helpful in any emergency from “bee stings to car crashes to hurricanes.”

AAA 68-Piece Destination Road Kit – $57.33
This kit comes with the essentials plus a headlamp, warning triangle, & tire inflator.

Top Gear Premium Roadside Assistance – $36.20
Includes a safety vest, first aid kit, and jumper cables,

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Prime Day Is Here! Find Great Deals on Car Gear, Tools, Tires, Parts, and More

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Prime Day Is Here! Find Great Deals on Car GearAmazon

“Hearst Magazines and Yahoo may earn commission or revenue on some items through these links.”

Prime Day, Amazon’s annual two-day shopping event, is famous for offering major discounts across all categories—and that includes automotive accessories, garage gear, tools, and more for the car and truck enthusiast.

Prime Day 2023 takes place on Tuesday and Wednesday, July 11-12. But you don’t have to wait that long to score the best deals. There are a slew of automotive products, tools, and car gear deals you can take advantage of right now.

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Metal shortage could put the brakes on electrification

As more and more electric cars are travelling on the roads of Europe, this is leading to an increase in the use of the critical metals required for components such as electric motors and electronics. With the current raw material production levels there will not be enough of these metals in future – not even if recycling increases. This is revealed by the findings of a major survey led by Chalmers University of Technology, Sweden, on behalf of the European Commission.

Electrification and digitalisation are leading to a steady increase in the need for critical metals* in the EU’s vehicle

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