Restrictions put in place by Nevada regulators are making it difficult for The Boring Company (TBC) to meet contractual targets for its LVCC Loop, Elon Musk’s first underground transportation system. The Loop system at the Las Vegas Convention Center (LVCC) is supposed to use more than 60 fully autonomous high-speed vehicles to transport 4,400 passengers… Continue reading The financial pickle facing Elon Musk’s Las Vegas Loop system
Author: Tech Crunch Online News
Experts from Toyota, Ford and Hyundai will discuss automotive robotics at TC Sessions: Mobility
The events of the past year have only served to accelerate interest in all things robotics and automation. It’s a phenomenon we’ve seen across a broad range of categories, and automotive is certainly no different. Of course, carmakers are no strangers to the world of robotics. Automation has long played a key role in manufacturing,… Continue reading Experts from Toyota, Ford and Hyundai will discuss automotive robotics at TC Sessions: Mobility
Goldman Sachs leads $45M investment into auto fintech startup MotoRefi
MotoRefi has raised another $45 million in a round led by Goldman Sachs just five months after investors poured $10 million into the fintech startup to help turbocharge its auto refinancing business. The startup developed an auto refinancing platform that handles the entire loan process, including finding the best rates, paying off the old lender… Continue reading Goldman Sachs leads $45M investment into auto fintech startup MotoRefi
Tesla has activated its in-car camera to monitor drivers using Autopilot
Tesla has enabled the in-car camera in its Model 3 and Model Y vehicles to monitor drivers when its Autopilot advanced driver assistance system is being used. In a software update, Tesla indicated the “cabin camera above the rearview mirror can now detect and alert driver inattentiveness while Autopilot is engaged.” Notably, Tesla has a… Continue reading Tesla has activated its in-car camera to monitor drivers using Autopilot
FM Capital steps up automotive investments with new $150M fund
First Move Capital, the Boulder-based venture firm that has invested in used car marketplaces Frontier Auto Group and Vroom as well as mobility-as-a-service startup Via, has closed a new $150 million fund that will focus on the automotive and transportation sectors. Existing strategic investors such as OEMs, dealers, distributors, fleet management, remarketing, insurance and software… Continue reading FM Capital steps up automotive investments with new $150M fund
See what’s new from Wejo, CMC, iMerit, Plus, oVice & Michigan at TechCrunch’s mobility event
We’re in the final run-up to TC Sessions: Mobility 2021 on June 9, and the great stuff just keeps on coming. We’ve stacked the one-day agenda with plenty of programming to keep you engaged, informed and on track to build a stronger business. You’ll always find amazing speakers — some of the most innovative minds… Continue reading See what’s new from Wejo, CMC, iMerit, Plus, oVice & Michigan at TechCrunch’s mobility event
Rivian delays deliveries of the R1T Launch Edition by one month
Rivian said that deliveries of the R1T Launch Edition, the limited edition release of its first series of “electric adventure vehicles,” will be delayed by a month, according to an update on its website. Customers who preordered can now expect to start receiving their pickup trucks in July instead of June, with Launch Edition deliveries… Continue reading Rivian delays deliveries of the R1T Launch Edition by one month
Ford’s $30B investment in electric revs up in-house battery R&D
Ford is increasing its investment in its electric vehicle future to $30 billion by 2025, up from a previous spend of $22 billion by 2023. The company announced the fresh cashflow into its EV and battery development strategy, dubbed Ford+, during an investor day on Tuesday. The company said it expects 40% of its global… Continue reading Ford’s $30B investment in electric revs up in-house battery R&D
Lucid Motors reveals all the tech inside its all-electric Air sedan
Eight months after Lucid Motors showed off the final version of its all-electric Air sedan, the company has finally revealed the in-cabin tech — from the curved 34-inch display and second touchscreen to the underlying software, integrated apps and Amazon Alexa voice assistant — that drivers and passengers will use once the automaker begins deliveries… Continue reading Lucid Motors reveals all the tech inside its all-electric Air sedan
NASA’s new lunar vehicle could be built by GM and Lockheed Martin
The last time humans visited the moon, in 1972, they got around on a relatively simple battery-powered vehicle. As NASA prepares for the next crewed mission to the moon, it’s looking to give the lunar rover an upgrade. Lockheed Martin and General Motors said Wednesday they’re working together to develop a next-generation lunar vehicle designed… Continue reading NASA’s new lunar vehicle could be built by GM and Lockheed Martin