Uber Freight, the logistics business spun out of Uber in 2018, is partnering with transportation fintech startup AtoB to offer carriers fuel cards and spend management software. AtoB, a four-year-old company that has been described as Stripe for transportation, offers an integrated financial platform based around its core product of a fuel card for truckers. Unlike… Continue reading Uber Freight offers carriers a fuel card powered by startup AtoB
Author: Tech Crunch Online News
Elon Musk will likely testify about his Autopilot statements
Tesla CEO Elon Musk might be ordered to testify under oath in a lawsuit that blames Autopilot, Tesla’s advanced driver assistance system, for a fatal crash in 2018. The tentative ruling, issued by a California judge Wednesday and first reported by Reuters, came in a wrongful death lawsuit filed by the family of Walter Huang… Continue reading Elon Musk will likely testify about his Autopilot statements
Grubhub, Joco team up to give NYC delivery workers access to e-bikes
Grubhub is launching a pilot program with Joco, a docked e-bike rental platform based in New York City, to provide at least 500 gig delivery workers with free access to e-bikes. Ensuring that delivery workers have access to high-quality e-bikes has been a major discussion point in NYC after a spate of battery fires. Grubhub’s… Continue reading Grubhub, Joco team up to give NYC delivery workers access to e-bikes
VinFast’s EV ambitions just got a $2.5B boost
Vietnamese EV automaker VinFast is getting a $2.5 billion injection of capital as it pursues an ambitious plan to woo U.S. consumers with a slate of electric SUVs and crossovers. Billionaire Pham Nhat Vuong, who founded VinFast’s parent company Vingroup, committed Wednesday to invest $1 billion of his personal wealth via a grant in the… Continue reading VinFast’s EV ambitions just got a $2.5B boost
Joby Aviation accelerates path to market with $55M DoD contract
Electric vertical takeoff and landing (eVTOL) company Joby Aviation’s strategy for launching commercially in 2025 is becoming more clear. The startup secured a $55 million contract from the U.S. Department of Defense Tuesday, a deal that will allow the company to put its aircraft into customers’ hands and start generating revenue before it has achieved… Continue reading Joby Aviation accelerates path to market with $55M DoD contract
Bosch to acquire TSI Semiconductors for $1.5B to boost US chip production
Bosch will acquire the assets of U.S. chipmaker TSI Semiconductors to expand its semiconductor business with silicon carbide chips (SiC), the German engineering and technology giant said Wednesday. The acquisition includes a $1.5 billion investment over the next few years to upgrade TSI Semiconductors’ manufacturing facilities in Roseville, California. Starting in 2026, the first chips will… Continue reading Bosch to acquire TSI Semiconductors for $1.5B to boost US chip production
Luup raises $30M ahead of Japan’s new micromobility rules
Japanese shared micromobility startup Luup has raised $30 million (4.5 billion yen) in a Series D financing round, which consists of 3.8 billion yen in equity and 700 million yen in debt. Luup has now amassed a total of $68 million in equity, debt, and asset financing to date, at what sources said valued the… Continue reading Luup raises $30M ahead of Japan’s new micromobility rules
China’s MG Motor launches compact hatchback EV in India for urban mobility
MG Motor, also called Morris Garages, introduced Wednesday its second EV in India — called Comet EV — targeting the masses looking for a compact vehicle for urban mobility. The British brand, a unit of Chinese state-owned SAIC Motor, says its new hatchback is perfect for young commuters in the South Asian nation. At a starting… Continue reading China’s MG Motor launches compact hatchback EV in India for urban mobility
Honda says first e:Architecture-based EV is coming sooner than planned
Honda said today that plans to release its first e:Architecture-based electric vehicle in North America in 2025. That’s a year earlier than the Japanese automaker originally said it would introduce vehicles based on its in-house vehicle platform, which puts greater emphasis on software and over-the-air updates a la Tesla. Honda said in a statement that… Continue reading Honda says first e:Architecture-based EV is coming sooner than planned
Hyundai, GM partner with Korean battery makers to build US plants
Hyundai Motor Group and General Motors announced separately Tuesday plans to build electric vehicle battery plants in the U.S. in partnership with South Korean battery manufacturing firms. Hyundai will set up a $5 billion battery cell production joint venture in the U.S. with SK On, the company that is also working with Ford to set… Continue reading Hyundai, GM partner with Korean battery makers to build US plants