Thousands of semi trucks that cut across the U.S. highway system each day are harboring a secret: they’re only about half full. That inefficiency represents a multi-billion dollar opportunity. And one that a few companies like Uber Freight and Flock Freight are already chasing as part of broader business models that match truck drivers with… Continue reading YC-backed Oway raises $4M to build a decentralized ‘Uber for freight’
Author: Tech Crunch Online News
Waymo approved to start autonomous vehicle testing in New York City
Waymo has been granted a permit to test its autonomous vehicles in New York City, the first such approval granted by the city. The company told TechCrunch it plans to start testing “immediately.” The company is allowed to deploy up to eight of its Jaguar I-Pace SUVs in Manhattan and Downtown Brooklyn through late September.… Continue reading Waymo approved to start autonomous vehicle testing in New York City
Nvidia is latest investor to back AV startup Nuro in $203M funding round
Nvidia is among a group of new investors to back Nuro — which develops self-driving software for delivery and ride-hailing services — in a funding round that has reached $203 million. The Silicon Valley startup announced Thursday that several investors, including existing backer Baillie Gifford, added another $97 million to its Series E round. New… Continue reading Nvidia is latest investor to back AV startup Nuro in $203M funding round
Group14 lands $463M from SK, Porsche, and others to make silicon anodes for EVs
Battery materials startup Group14 announced Wednesday it has closed a $463 million funding round to expand its manufacturing footprint, a sign that investors remain confident in the future of electric vehicles. The startup manufactures silicon anode materials, which significantly boost the storage capacity of lithium-ion batteries. Group14 currently operates three factories, two in the U.S.… Continue reading Group14 lands $463M from SK, Porsche, and others to make silicon anodes for EVs
Zoox taps ex-UberPool exec’s startup for routing software help
When James Cox, the former leader of Uber’s ride-share product, UberPool, left that company in 2019, the Silicon Valley giant had abandoned its autonomous vehicle development and sold off the division entirely. While UberPool had struggled to take hold, Cox felt a massive opportunity had been missed: taking the core of UberPool’s tech and applying… Continue reading Zoox taps ex-UberPool exec’s startup for routing software help
TechCrunch Mobility: Ford’s big bet
Welcome back to TechCrunch Mobility, your central hub for news and insights on the future of transportation. To get this in your inbox, sign up here for free — just click TechCrunch Mobility! Ford made its big EV announcement early this week — a plan to invest $2 billion to transform its Louisville Assembly Plant… Continue reading TechCrunch Mobility: Ford’s big bet
Kyte, which billed itself as the ‘best competitor to Hertz,’ shuts down
Rental car startup Kyte has shut down nearly one year after slashing staff and exiting most of its cities in the United States. The company sold its customer list to Turo in July and then turned right around and entered into a form of receivership in California, according to a notice that went out to… Continue reading Kyte, which billed itself as the ‘best competitor to Hertz,’ shuts down
Waymo finally has a music experience worthy of its robotaxi
I’m riding in the back of a Waymo that’s autonomously navigating the busy streets of San Francisco with relative ease thanks to 29 external cameras, six radar, and five lidar sensors all feeding into an AI model. For just 15 bucks, I get to experience what feels like a miracle of modern technology, and yet,… Continue reading Waymo finally has a music experience worthy of its robotaxi
India’s Rapido begins testing food delivery to take on Swiggy, Zomato
Rapido, a popular ride-hailing platform in India, has quietly begun beta testing its food delivery service in Bengaluru, marking its first serious move to challenge market leaders Swiggy and Zomato in one of the world’s fastest-growing delivery markets. The 10-year-old startup has started testing its food delivery service in three primary localities in the southern… Continue reading India’s Rapido begins testing food delivery to take on Swiggy, Zomato
Monarch Tractors won’t be built by Foxconn after Ohio factory sale
Foxconn will no longer build electric tractors for California startup Monarch Tractor after the Taiwanese tech giant recently sold its Ohio factory to SoftBank. Monarch CEO Praveen Penmetsa confirmed the news in a LinkedIn comment Tuesday. He also said his company worked with Foxconn to “build up inventory” before the sale of the factory, noting… Continue reading Monarch Tractors won’t be built by Foxconn after Ohio factory sale