American Airlines will buy up to 20 jets from Boom Supersonic, an aircraft maker that aims to commercialize supersonic, and super-fast, flight. Boom’s Overture four-engine jets promise speeds of up to Mach 1.7 over water, which is twice the speed of today’s fastest commercial aircraft — meaning the jet can fly from Miami to London… Continue reading American Airlines to buy 20 jets from Boom Supersonic
Author: Tech Crunch Online News
Daily Crunch: 7 months after emerging from stealth, YC alum Arc secures $20M Series A
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello! Did you know that TechCrunch Live is on a shiny new platform? We’ve even made it easier to enter our two-minute Pitch Practice segment. You can now apply any day, any… Continue reading Daily Crunch: 7 months after emerging from stealth, YC alum Arc secures $20M Series A
SAIC Mobility Robotaxi valued at $1B after $148M Series B
SAIC Mobility Robotaxi, an arm of state-owned Chinese automaker SAIC that aims to launch a commercial robotaxi service, raised $148 million (RMB 1 billion). The funds will be used to scale its robotaxi service in China, which it will operate in partnership with autonomous vehicle company Momenta. SAIC Group led the Series B round that… Continue reading SAIC Mobility Robotaxi valued at $1B after $148M Series B
Faraday Future seeks to raise capital after massive Q2 loss
Faraday Future, maker of the long-delayed FF91 EV, re-upped its commitment to raising funds while reporting Tuesday that its second-quarter operating losses more than quadrupled. The company posted an operating loss of $137 million for the second quarter compared with $28 million for the year-ago period. Overall, its second-quarter financial report paints a grim picture.… Continue reading Faraday Future seeks to raise capital after massive Q2 loss
Walmart’s last-mile delivery service, Walmart GoLocal, tops 1M deliveries in year one
Walmart’s last-mile delivery service business, Walmart GoLocal, has topped 1 million deliveries in its first year, the retailer today revealed. The company offered a brief update on the state of its newer delivery business during its Q2 earnings call on Tuesday, where it noted that GoLocal had been growing its support of local merchants’ delivery… Continue reading Walmart’s last-mile delivery service, Walmart GoLocal, tops 1M deliveries in year one
Motional launches autonomous Hyundai IONIQ 5s on Lyft network in Las Vegas
Motional, the Aptiv-Hyundai joint venture that’s working to commercialize autonomous driving technology, has launched its new all-electric IONIQ 5-based robotaxi for driverless ride-hail operations on the Lyft network in Las Vegas. The news follows years of collaboration between the two companies in Las Vegas. The launch of the IONIQs, which marks the turnover of Motional’s… Continue reading Motional launches autonomous Hyundai IONIQ 5s on Lyft network in Las Vegas
Helbiz reports revenue increase but dwindling cash reserves
Helbiz started out as a shared micromobility company but has since expanded to include ghost kitchens, media streaming and, most recently, a taxi service. The company reported its second-quarter earnings Monday after the bell. The startup was the first scooter operator to go public via the SPAC route, and many in the industry wish it wasn’t… Continue reading Helbiz reports revenue increase but dwindling cash reserves
Bird burns $310M but sees revenue bounce back
Shared micromobility company Bird has had a tumultuous second quarter. The company announced plans to dismantle its retail business, shut down operations in unprofitable markets, had a corporate shakeup involving Bird’s CEO Travis VanderZanden stepping down as president, laid off close to 140 employees and got a warning from the New York Stock Exchange for… Continue reading Bird burns $310M but sees revenue bounce back
The Station: Arrival slashes EV targets, more Tesla FSD controversy and NHTSA loses its captain
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Concerns and… Continue reading The Station: Arrival slashes EV targets, more Tesla FSD controversy and NHTSA loses its captain
Porsche signs 25-year solar energy deal
Apparently, solar power is hot right now. Porsche said Monday that it plans to build and operate a solar power microgrid at its U.S. headquarters in Atlanta, reducing its annual carbon emissions by 3.2 million pounds. The news came days after Ford announced what it called the largest-ever renewable energy purchase from a utility in… Continue reading Porsche signs 25-year solar energy deal