Residents of Shenzhen will see truly driverless cars on the road starting Thursday. AutoX, a four-year-old startup backed by Alibaba, MediaTek and Shanghai Motors, is deploying a fleet of 25 unmanned vehicles in downtown Shenzhen, marking the first time any autonomous driving car in China tests without safety drivers or remote operators on public roads.… Continue reading AutoX becomes China’s first to remove safety drivers from robotaxis
Author: Tech Crunch Online News
Self-driving trucks startup TuSimple raises $350M from U.S. rail, retail and freight giants
Self-driving trucks startup TuSimple has closed a $350 million funding round from a diverse consortium of strategic investors that include major U.S. corporations in rail, retail and freight, according to sources familiar with the deal. The round, which was oversubscribed, was led by VectoIQ LLC, confirming a report by TechCrunch in September. VectoIQ is the consulting… Continue reading Self-driving trucks startup TuSimple raises $350M from U.S. rail, retail and freight giants
Elon Musk would consider having Tesla acquire a legacy automaker
Elon Musk would consider leveraging Tesla’s mega $554 billion market cap to buy a legacy automaker, but only if it was on friendly terms, the billionaire entrepreneur said Tuesday in a wide-ranging interview with Axel Springer CEO Mathias Döpfner. Musk, who received an award Tuesday from the media giant, discussed his various interests and businesses,… Continue reading Elon Musk would consider having Tesla acquire a legacy automaker
SoftBank, Volvo back Flock Freight with $113.5M to help shippers share the load
Everyday thousands of trucks carry freight along U.S. highways, propelling the economy forward as consumer goods, electronics, cars and agriculture make their way to distribution centers, stores and eventually households. It’s inside these trucks — many of which sit half empty — where Flock Freight, a five-year-old startup out of San Diego, believes it can… Continue reading SoftBank, Volvo back Flock Freight with $113.5M to help shippers share the load
Uber officially completes Postmates acquisition
Uber today announced the official completion of its Postmates acquisition deal, which it announced originally back in July. The all-stock deal, valued at around $2.65 billion at the time of its disclosure, sees Postmates join Uber, while continuing to operate as a separate service with its own branding and front-end – while some backend operations,… Continue reading Uber officially completes Postmates acquisition
EV bus and truck maker The Lion Electric to take SPAC route to public markets
Canadian electric truck and bus manufacturer The Lion Electric Company said Monday it plans to become a publicly traded company via a merger with special purpose acquisition company Northern Genesis Acquisition Corp. The combined company, which will be listed on the New York Stock Exchange, will have a valuation of $1.9 billion. The companies raised… Continue reading EV bus and truck maker The Lion Electric to take SPAC route to public markets
DoorDash aims to add $11 billion to its valuation during public offering
The delivery platform gave a range of $75 to $85 per share Alex Wilhelm 10 hours This morning, DoorDash filed a new S-1 document, this time updating the market about the price it expects to command during its public offering. The food-delivery giant gave a range of $75 to $85 per share, which would revalue… Continue reading DoorDash aims to add $11 billion to its valuation during public offering
As e-bikes boom, FuroSystems raises its first venture funding round ahead of a new model launch
With COVID-19 making commuters switch to bikes, and cities wanting cleaner air, the e-bike revolution is only just getting started. Further evidence of this is the news that today British e-bike manufacturer FuroSystems has closed its first institutional venture funding round of £750,000 with participation by TSP Ventures and European impact investment bank ClearlySo, as… Continue reading As e-bikes boom, FuroSystems raises its first venture funding round ahead of a new model launch
Caura, the app for UK car owners, begins offering insurance
Caura, the U.K. startup that wants to take the hassle out of car ownership, is launching car insurance — unveiling its insurtech ambitions. Dubbed “Caura Protect,” the new insurance product claims to reduce the cost and time taken to insure a car, building on the app’s existing car management features. Launched earlier this year by… Continue reading Caura, the app for UK car owners, begins offering insurance
Mobileye taps Luminar to supply lidar for its robotaxi fleet
Luminar, the buzzy sensor startup that is on the verge of becoming a publicly traded company, locked in a supplier deal to furnish Intel subsidiary Mobileye with lidar for its fleet of autonomous vehicles. The deal, announced Friday, will see a rising star paired with a company that has long dominated the automotive industry. While… Continue reading Mobileye taps Luminar to supply lidar for its robotaxi fleet