Investors took a cautious approach to transit software startup Via’s IPO on Friday, with shares opening below the company’s IPO price before recovering at end the day slightly higher. The company, which initially filed confidentially for IPO in July, priced its IPO at $46 per share, raising $492.9 million. Those shares slipped to $44 when… Continue reading Via shrugs off tepid open to end first day of trading slightly above IPO price
Author: Tech Crunch Online News
New FAA program will let eVTOL startups test some operations before full certification
The Federal Aviation Administration (FAA) has announced a new pilot program that will let electric vertical takeoff and landing (eVTOL) startups test some operations before they receive full regulatory certification. It’s a potentially big change for these companies, as they’ve spent the last few years performing limited test flights of their aircraft while working toward… Continue reading New FAA program will let eVTOL startups test some operations before full certification
Tesla’s robotaxi plans for Nevada move forward with testing permit
Armed with a new permit from the state’s Department of Motor Vehicles, Tesla is preparing to begin testing its autonomous vehicle technology on public streets in Nevada. The testing permit, which was first noted by Tesla influencer Sawyer Merritt, comes two months after CEO Elon Musk outlined the company’s plans to take its autonomous vehicle… Continue reading Tesla’s robotaxi plans for Nevada move forward with testing permit
Elon Musk’s Boring Company suspends work on Vegas airport tunnel after ‘crushing injury’
Elon Musk’s Boring Company has reportedly stopped work on a tunnel it’s been digging to the Las Vegas airport after a worker sustained a “crushing injury” late Wednesday night, according to Fortune. Nevada’s Occupational Safety and Health Administration (OSHA) has opened an investigation. The Clark County Fire Department received a call at 10:12 p.m. local… Continue reading Elon Musk’s Boring Company suspends work on Vegas airport tunnel after ‘crushing injury’
Justice Department sues Uber for allegedly discriminating against people with disabilities
The U.S. Justice Department has filed a lawsuit against Uber, accusing the ride-hailing company of violating federal law by discriminating against people with physical disabilities. In particular, the Department of Justice’s (DOJ) civil rights division claims that the company and its drivers “routinely refuse to serve individuals with disabilities, including individuals who travel with service… Continue reading Justice Department sues Uber for allegedly discriminating against people with disabilities
Arc gets its first major order for electric tugboats worth $160M
If you’ve heard of Arc Boats, the Los Angeles startup founded in 2021 by former SpaceX employees, it’s likely because you’ve seen its sleek sport boats. But the company’s also been pushing into the far less glamorous world of tugboats, and now has its first big order worth $160 million. The company announced Wednesday it… Continue reading Arc gets its first major order for electric tugboats worth $160M
Dutch battery startup LeydenJar’s silicon anode tech could pose a challenge to China
Battery materials startup LeydenJar has closed a €13 million ($15.2 million USD) round to scale up manufacturing of its silicon anode technology for an unnamed “leading U.S.-based consumer electronics company.” The Netherlands-based startup will use the funding, along with a €10 million commitment from the U.S. customer, to build the first phase of its facility,… Continue reading Dutch battery startup LeydenJar’s silicon anode tech could pose a challenge to China
Jaguar Land Rover says data stolen in disruptive cyberattack
Jaguar Land Rover said on Wednesday that an unspecified amount of data was stolen during a cyberattack that has brought vehicle assembly lines to a standstill. In a statement on Wednesday, the U.K.-based maker of Land Rover and Range Rover vehicles said it was aware that “some data” was taken in the incident. Companies that… Continue reading Jaguar Land Rover says data stolen in disruptive cyberattack
Zoox opens its Las Vegas robotaxi service to the public
Zoox robotaxis — custom-built all-electric and autonomous vehicles that operate without a steering wheel or pedals — can now be hailed by the public in Las Vegas. But this isn’t a commercial service just yet. For now, the Zoox robotaxi service currently offer rides for free. The Amazon-owned autonomous vehicle company, which launched the free service on… Continue reading Zoox opens its Las Vegas robotaxi service to the public
Lyft and May Mobility launch robotaxis in Atlanta
Riders in Atlanta can now hail a May Mobility robotaxi on the Lyft app, marking the first commercial deployment in the two companies’ partnership. The small fleet of autonomous vehicles is Lyft’s latest attempt to carve out a presence in the robotaxi market. Lyft’s Atlanta launch signals an effort to carve out a piece of… Continue reading Lyft and May Mobility launch robotaxis in Atlanta