Eighteen months ago, Uber’s self-driving car unit, Uber Advanced Technologies Group, was valued at $7.25 billion following a $1 billion investment from Toyota, DENSO and Softbank’s Vision Fund. Now, it’s up for sale and a competing autonomous vehicle technology startup is in talks with Uber to buy it, according to three sources familiar with the… Continue reading Uber in talks to sell ATG self-driving unit to Aurora
Author: Tech Crunch Online News
DoorDash files to go public
After filing earlier this year, DoorDash dropped its public S-1 filing this morning, bringing clarity to its numbers and moving it closer to a public debut that should happen before the end of the year. The company is one of several startups that we expect to see IPOs from before the year ends, despite some… Continue reading DoorDash files to go public
Ford unveils the 2022 E-Transit, its $45,000 electric workhorse
Ford revealed Thursday the E-Transit, a configurable all-electric cargo van that it’s betting will be the new go-to workhorse for commercial customers. The E-Transit is just one piece of the company’s $11.5 billion investment in electrification. But it could be its most important one. Ford has largely focused its electrification efforts on the consumer market,… Continue reading Ford unveils the 2022 E-Transit, its $45,000 electric workhorse
Rivian electric pickup will debut with three editions, with a cheaper one to follow
Rivian is opening up pre-orders for three editions of its upcoming electric pickup truck and SUV that start as low as $67,500 and with a battery range of more than 300 miles. However, more options will follow, including a base version that will have a smaller range of at least 250 miles and a price… Continue reading Rivian electric pickup will debut with three editions, with a cheaper one to follow
Rivian is making its hands-free driver assistance system standard in ‘every vehicle’ it builds
Electric automaker Rivian will makes its hands-free driver assistance system standard in every vehicle it builds, including its first two vehicles — the RT1 pickup truck and R1S SUV — that are coming to market in 2021. Details about the system, which is branded as Driver+, was just one of numerous new bits of information… Continue reading Rivian is making its hands-free driver assistance system standard in ‘every vehicle’ it builds
Waze CEO Noam Bardin to leave company in early 2021
Waze CEO Noam Bardin, who joined the company nearly 12 years ago and led it through its acquisition by Google to become a crowdsourced navigation app with millions of active users, is stepping down early next year. Bardin had planned to announce his departure from Waze last spring, but changed his plans as the COVID-19… Continue reading Waze CEO Noam Bardin to leave company in early 2021
Walmart and Cruise partner to test autonomous grocery delivery in Arizona
U.S. retailer Walmart and autonomous vehicle company Cruise are pairing up to test grocery delivery in Scottsdale, Arizona. Under the pilot program, customers will be able to place an order from their local Walmart store and have it delivered via one of Cruise’s autonomous, electric Chevy Bolt cars. While the vehicles will operate autonomously, a… Continue reading Walmart and Cruise partner to test autonomous grocery delivery in Arizona
Autonomous delivery startup Nuro hits $5 billion valuation on fresh funding of $500 million
Nuro, the autonomous delivery startup founded by two former Google engineers, has raised $500 million, suggesting that investors still have an appetite for long-term pursuits such as robotics and automated vehicle technology. Nuro now has a post-money valuation of $5 billion. The Series C round was led by funds and accounts advised by T. Rowe Price… Continue reading Autonomous delivery startup Nuro hits $5 billion valuation on fresh funding of $500 million
Provizio closes $6.2M seed round for its car safety platform using sensors and AI
Provizio, a combination hardware and software startup with technology to improve car safety, has closed a seed investment round of $6.2million. Investors include Bobby Hambrick (the founder of Autonomous Stuff); the founders of Movidius; the European Innovation Council (EIC); ACT Venture Capital. The startup has a “five-dimensional” sensory platform that — it says — perceives,… Continue reading Provizio closes $6.2M seed round for its car safety platform using sensors and AI
Chinese autonomous vehicle startup Pony.ai hits $5.3 billion valuation
Pony.ai, the Chinese autonomous vehicle startup and relative newcomer to the industry, is now valued at $5.3 billion following a fresh injection of $267 million in funding. The round was led by TIP, an innovation fund within the Ontario Teachers’ Pension Plan Board that focuses on late-stage venture and growth equity investments in companies that… Continue reading Chinese autonomous vehicle startup Pony.ai hits $5.3 billion valuation