Local Motors, the company that crowdsourced and built the Olli autonomous shuttle as well as the Rally Fighter, will be shutting down operations by Friday, according to several posts from various employees on LinkedIn. The company has yet to release an official statement, but many employees are already openly looking for new work. “I am… Continue reading Local Motors, the startup behind the Olli autonomous shuttle, has shut down
Author: Tech Crunch Online News
Here’s what happened when Mercedes-AMG got its hands on the all-electric EQS
First, there was the dense fog. Then there was the snow. But inclement weather couldn’t put a damper on the AMG iterations of Mercedes’ flagship EV or its latest generation SL. Performance, luxury, comfort, and technology all hit the mark even when the AMG team gets their hands on the Mercedes EQS and the latest… Continue reading Here’s what happened when Mercedes-AMG got its hands on the all-electric EQS
Magna acquires tech, hires engineers of autonomous vehicle startup Optimus Ride
Magna has acquired the technology, IP and assets of Optimus Ride, a startup based in Boston that was trying to commercialize electric autonomous shuttles. As part of the deal announced Tuesday, Magna has hired more than 120 employees of Optimus Ride. The financial terms of the agreement were not disclosed, Optimus Ride CEO Sean Harrington… Continue reading Magna acquires tech, hires engineers of autonomous vehicle startup Optimus Ride
Fast-charge EV battery maker StoreDot pulls in $80M led led by Vietnam’s VinFast
StoreDot, the Israeli next-generation battery technology startup touting an “extreme fast charging” (XFC) battery for electric vehicles, has secured the first close of its latest funding round led by Vietnamese electric vehicle manufacturer, VinFast. The Series D round is due to close at up to $80 million. The capital will be used for the completion… Continue reading Fast-charge EV battery maker StoreDot pulls in $80M led led by Vietnam’s VinFast
Bolt raises $709M at an $8.4B valuation to expand its transportation and food delivery super app
Economies of scale are an essential cornerstone for on-demand companies, and to that end one of the hopefuls in the space has raised a big round to grow its business. Bolt — the startup and app of the same name that operates on-demand ride hailing, shared cars and scooters; and restaurant and grocery delivery —… Continue reading Bolt raises $709M at an $8.4B valuation to expand its transportation and food delivery super app
Peer-to-peer car-sharing company Turo files IPO to go public
Peer-to-peer car-sharing startup Turo has released its filing to become a publicly traded company in the United States, a process the company began confidentially in August. The S-1 document filed Monday with the U.S. Securities and Exchange Commission does not include terms for its offering. Turo, which was founded in 2010 and has been compared… Continue reading Peer-to-peer car-sharing company Turo files IPO to go public
Korean car-sharing startup SOCAR has filed for an IPO
SOCAR, a south Korean car-sharing startup, has filed for an initial public offering, announced on Wednesday by Korea Exchange. The details – the number of shares to be offered in the IPO and the price range – have not yet been determined, said a spokesperson at SOCAR. SOCAR has reached approximately $834 billion (1 trillion… Continue reading Korean car-sharing startup SOCAR has filed for an IPO
Volvo partners with Luminar and Zenseact to bring autonomous driving feature to new e-SUV
Volvo Cars is working with lidar company Luminar and its autonomous driving (AD) software subsidiary Zenseact to introduce an AD feature to its next generation of fully electric cars, the automaker said on Wednesday at CES. The company aims to first introduce the feature, named “Ride Pilot,” as an add-on subscription to an electric SUV… Continue reading Volvo partners with Luminar and Zenseact to bring autonomous driving feature to new e-SUV
Cadillac’s new self-driving concept is a luxury loveseat on wheels
After introducing a six-person self-driving box and a frickin’ ridable drone concept last year, GM’s latest luxury self-driving EV idea is much more grounded. The InnerSpace concept looks like a futuristic car from the outside—but inside, there’s a two-seat loveseat surrounded by one of the widest screens we’ve ever seen. There’s no steering wheel or… Continue reading Cadillac’s new self-driving concept is a luxury loveseat on wheels
Stellantis to transform Chrysler into an all-electric brand by 2028
Chrysler, the 96-year-old brand owned by Stellantis that is best known today for its minivans, will become an all-electric brand by 2028. The company made the announcement as it introduced the Chrysler Airflow Concept, an all-wheel drive electric SUV concept equipped with two electric motors and a battery designed to travel 350 miles to 400… Continue reading Stellantis to transform Chrysler into an all-electric brand by 2028