Rivian, the electric automaker that debut its first two vehicles just three months ago, has raised $700 million in a round led by Amazon. The news follows a report earlier this week by Reuters that GM and Amazon were in talks to invest in the electric vehicle company. “We’re inspired by Rivian’s vision for the… Continue reading Amazon leads $700M round in electric automaker Rivian
Author: Tech Crunch Online News
China’s Didi is laying off 15% of its staff
China’s largest ride-hailing firm Didi plans to let go 15 percent of its employees or about 2,000 people this year, sources told TechCrunch. The cut comes as the beleagured transportation giant copes with a stricter regulatory environment that puts a squeeze on driver supply and backlash from two high-profile passenger murders last year. Chief executive Cheng… Continue reading China’s Didi is laying off 15% of its staff
Everything you need to know about GM’s new electric bikes
General Motors announced last year it was getting into the electric bike business. But besides a crowdsourcing name competition and a few teasers, details were scant. Now, GM has given this new brand a name — ARĪV — as well as names for its two electric bikes, and some information about its go-to-market plan. The name… Continue reading Everything you need to know about GM’s new electric bikes
Lime loses appeal to operate electric scooters in SF
Lime, similar to its competitors Spin and JUMP, just got word that while its appeal to operate electric scooters in phase one of San Francisco’s pilot program was denied, it may be able to deploy scooters during phase two. This comes following San Francisco Municipal Transportation Agency Neutral Hearing Officer James Doyle’s decision regarding Ford’s… Continue reading Lime loses appeal to operate electric scooters in SF
Check out the first interior view of Honda’s Urban EV prototype
Honda began teasing its all-electric urban vehicle in 2017, when the automaker showed off its vision of the future — that had a distinct 1970s first-generation Civic flare. Now, two years later, a production version of the Urban EV is nearly here. And the automaker is finally giving us a glimpse — albeit the tiniest… Continue reading Check out the first interior view of Honda’s Urban EV prototype
Autonomous truck startup TuSimple hits unicorn status in latest round
Another autonomous-vehicle unicorn has joined the herd. TuSimple, a self-driving truck startup running daily routes for customers in Arizona, has raised $95 million in a Series D funding round led by Sina Corp. as the company prepares to scale up its commercial autonomous fleet to more than 50 trucks by June. The startup, which launched in… Continue reading Autonomous truck startup TuSimple hits unicorn status in latest round
BeliMobilGue raises $10M for its used-car sales platform in Indonesia
BeliMobilGue, a used car sales platform in Indonesia, has fueled up with a $10 million Series round for the race to dominate the automotive market in Southeast Asia’s largest economy. The company was started in 2017 as a joint venture between Europe’s Frontier Car Group (FCG) and Intudo Ventures, a VC firm focused on Indonesia. BeliMobilGue said… Continue reading BeliMobilGue raises $10M for its used-car sales platform in Indonesia
Autonomous cars are driving the reinvention of IP protection
Lucas Dahlin Contributor Lucas Dahlin is an associate in Goodwin’s Intellectual Property group. He focuses his practice on complex intellectual property matters, with a particular experience in patent and trade-secret litigation. Julius Jefferson Contributor Julius Jefferson is an associate in Goodwin’s IP Litigation group. Prior to joining Goodwin, he clerked for judges of the District… Continue reading Autonomous cars are driving the reinvention of IP protection
Lyft puts $700K toward Oakland’s underserved communities
Lyft is donating $700,000 to TransForm, an organization focused on improving access to transportation in underserved areas throughout California. In partnership with Oakland Mayor Libby Schaaf, Lyft and TransForm will invest in a free bike library and community parklets in Oakland, Calif. Lyft will also offer free rides to low-income residents of Oakland. “At Lyft,… Continue reading Lyft puts $700K toward Oakland’s underserved communities
Softbank’s next bet: $940M into autonomous delivery startup Nuro
Nuro, the autonomous delivery startup, has raised $940 million in financing from the Softbank Vision Fund, a whopping amount that will be used to expand its delivery service, add new partners, hire employees and scale up its fleet of self-driving bots. Nuro has raised more than $1 billion from partners including SoftBank, Greylock Partners and… Continue reading Softbank’s next bet: $940M into autonomous delivery startup Nuro