Lamborghini will pay homage to combustion engines with the introduction of two new V12 luxury sports cars this year before it makes a push into electrification as the company tries to balance its storied gas-powered past with a hybrid, and eventually electric, future. The company laid out Tuesday its electrification roadmap, a plan that will… Continue reading Lamborghini is kicking off its electrification plan with two gas-powered super sports cars
Author: Tech Crunch Online News
Canoo is being investigated by the SEC
Canoo, the Los Angeles-based electric vehicle startup that debuted on the Nasdaq public exchange earlier this year, is being investigated by the U.S. Securities and Exchange Commission, just months after its merger with special purpose acquisition company Hennessy Capital Acquisition Corp. The investigation is broad, covering the Hennessy’s initial public offering and merger with Canoo,… Continue reading Canoo is being investigated by the SEC
AI-powered Jerry raises $28M to help you save money on car insurance
When Art Agrawal was growing up in India, a car ride was a rare treat, and car ownership was a dream. When he moved to the U.S. and bought his first car, he was shocked by how much it cost and how difficult it was to maintain a car. In 2012, he co-founded a company… Continue reading AI-powered Jerry raises $28M to help you save money on car insurance
Google hit with $123M antitrust fine in Italy over Android Auto
Google has been fined just over €100 million (~$123M) by Italy’s antitrust watchdog for abuse of a dominant market position. The case relates to Android Auto, a modified version of Google’s mobile OS intended for in-car use, and specifically to how Google restricted access to the platform to an electric car charging app, called JuicePass,… Continue reading Google hit with $123M antitrust fine in Italy over Android Auto
China’s WeRide secures more funding, pushing valuation to $3.3 billion
Only four months after securing Series B fundraising of $310 million, Chinese autonomous driving company WeRide says it has achieved its Series C funding round that brings its post-money valuation to $3 billion. This is first time the company has disclosed its value. The company did not share how much it has raised this round,… Continue reading China’s WeRide secures more funding, pushing valuation to $3.3 billion
Waymo to lose its CFO and head of automotive partnerships
Waymo’s chief financial officer Ger Dwyer and its head of automotive partnerships and corporate development Adam Frost — two longtime executives at the autonomous vehicle company — are leaving this month, departures that comes amid some executive shuffling following CEO John Krafcik’s exit earlier this year. Dwyer and Frost’s departure was shared internally this week,… Continue reading Waymo to lose its CFO and head of automotive partnerships
Toyota AI Ventures and May Mobility will talk the future of the transportation industry on Extra Crunch Live
Besides a passion for progress in the mobility space, what do Toyota AI Ventures’ Jim Adler, May Mobility’s Nina Grooms Lee and May’s Edwin Olson have in common? All three of them are joining us on an upcoming episode of Extra Crunch Live. The show goes down on May 12 at 3pm ET/noon PT. Register… Continue reading Toyota AI Ventures and May Mobility will talk the future of the transportation industry on Extra Crunch Live
Bird Rides to go public via SPAC, at an implied value of $2.3B
Bird Rides, the shared electric scooter startup that operates in more than 200 cities across 3 continents, said Wednesday it is going public by merging with special purpose acquisition company Switchback II with an implied valuation of $2.3 billion. The announcement confirms earlier reports, including one this week from dot.la, that Bird intended to go… Continue reading Bird Rides to go public via SPAC, at an implied value of $2.3B
Lidar startup Innovusion closes $64M round led by Temasek
More investors are joining the wave to bet on lidar, the remote sensing method that uses laser light to measure distances and has garnered ample interest from automakers in recent times. But it’s also a technology that has long been scorned by Elon Musk partly due to its once exorbitant costs. Innovusion, a five-year-old lidar… Continue reading Lidar startup Innovusion closes $64M round led by Temasek
The Station: Einride preps for a US expansion, Argo AI reveals its lidar specs and a Tesla Autopilot reality check
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. Hello and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to… Continue reading The Station: Einride preps for a US expansion, Argo AI reveals its lidar specs and a Tesla Autopilot reality check