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Trump tariffs made European carmakers LOSE €8BN — Financial Times Last year tariffs went from 2.5% to 27.5%, then to 15% Now Trump AGAIN threatens 25% tariffs for 'failing to abide by last year’s deal' Volkswagen, BMW and Mercedes-Benz took biggest hits

Mind Robotics, the startup founded by Rivian CEO RJ Scaringe, has now raised over $1 billion for its AI-powered industrial robot project, valuing the company at $3.4 billion. The latest fundraising round, which secured $400 million, was led by Kleiner Perkins and includes investments from Salesforce Ventures and Incharge Capital, a Volkswagen-affiliated venture-capital firm, The Wall Street Journal reports.

JUST IN: RIVIAN SPINOFF MIND ROBOTICS JUST RAISED $400 MILLION, TWO MONTHS AFTER RAISING $500 MILLION The new round brings the total raised to over $1 billion in under a year and values the company at $3 billion+. The full picture, per WSJ: The new round: - $400M led by Kleiner Perkins - Additional investors include the venture arms of Volkswagen and Salesforce - Volkswagen is Rivian's partner on a software joint venture Capital raised to date: - $115M from Eclipse (2025 seed) - $500M (two months ago) - $400M (this round) - Total: $1B+ The company: - Originally known internally as "Project Synapse" - Builds industrial robotics with "human-like skills" for factory automation - Chairman: Rivian $RIVN CEO RJ Scaringe Scaringe told TechCrunch in March he created Mind Robotics because he felt other startups were not fully equipped to automate industrial work. He also spun out a separate micromobility company called Also, which has raised $300M+ to date.