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
Author: Tech Crunch Online News
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
Uber to sunset free loyalty program in favor of subscription membership
Ride-hailing giant Uber is shutting down its free loyalty program, Uber Rewards, so it can focus on its subscription-based Uber One membership. Uber first launched the rewards program in 2018 as a sort of frequent flyer scheme that allowed riders to earn points for every dollar spent on rides or Uber Eats deliveries. Those points… Continue reading Uber to sunset free loyalty program in favor of subscription membership
Daily Crunch: Samsung’s vice chairman receives presidential pardon for bribery conviction
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. Last night was a full moon, somehow it’s already halfway through August, and did you know there’s a Beach Plum LaCroix flavor? The world’s gone topsy-turvy, but at least it’s time for… Continue reading Daily Crunch: Samsung’s vice chairman receives presidential pardon for bribery conviction
EV laggards BMW and Toyota to partner on hydrogen fuel cell vehicles
BMW and Toyota will team up to produce hydrogen fuel cell vehicles starting mid-decade, according to a report in Nikkei Asia. The two will begin producing and selling hydrogen fuel cell vehicles developed jointly as early as 2025, BMW sales chief Pieter Nota told the publication. The automakers have worked together before, jointly developing the… Continue reading EV laggards BMW and Toyota to partner on hydrogen fuel cell vehicles
Rivian delivers on Q2 revenue, expects loss to widen another $700M
Rivian is holding on tight to its goal of delivering 25,000 electric vehicles by year’s end, but to get there it now anticipates to burn an extra $700 million. The automaker tucked the revised guidance within its second-quarter earnings report, telling investors that it expects to lose a whopping $5.45 billion in 2022, up from… Continue reading Rivian delivers on Q2 revenue, expects loss to widen another $700M