GM said to pilot peer-to-peer car sharing through its Maven brand

Automaker General Motors is said to be planning a new peer-to-peer car rental service, similar to existing offerings by Daimler-backed Turo and startup Getaround, to debut as early as this summer according to Bloomberg. The service will debut in a test pilot set to begin this summer, under GM’s Maven mobility sub-brand, per the report,… Continue reading GM said to pilot peer-to-peer car sharing through its Maven brand

Chinese bike-sharing startup Ofo raises $866M in new financing led by Alibaba Group

Beijing-based bike-sharing startup Ofo has raised $866 million in new financing led by Alibaba Group to fuel its expensive competition with Mobike, which is backed by Tencent, one of Alibaba’s biggest rivals. Ofo and Mobike are the two largest bike-sharing companies in China. Other participants in the round, which consists of equity and debt financing,… Continue reading Chinese bike-sharing startup Ofo raises $866M in new financing led by Alibaba Group

Lyft says its revenue is growing nearly 3x faster than Uber’s

Lyft made a lot of progress in 2017, helped by strong market expansion within the U.S., and riding some very bad news from its primary rival Uber. That’s helped it grow revenue to over $1 billion as measured by GAAP standards for its fiscal 2017, with a particularly strong Q4 during which its revenue outpaced… Continue reading Lyft says its revenue is growing nearly 3x faster than Uber’s

Update: Bird has raised $100 million to become the Uber of electric scooters

Update: Bird confirmed our reporting with an announcement of the close of the round. Index Ventures and Valor Ventures led the funding. “It feels like investing in Uber when it first launched.” That’s what one investor said of the hot new Santa Monica, Calif.-based startup, Bird — an electric scooter company that’s now in the… Continue reading Update: Bird has raised $100 million to become the Uber of electric scooters

Bird is raising $100 million to become the Uber of electric scooters

“It feels like investing in Uber when it first launched.” That’s what one investor said of the hot new Santa Monica, Calif.-based startup, Bird — an electric scooter company that’s now in the process of raising as much as $100 million on a $300 million valuation, according to several people with knowledge of the company’s… Continue reading Bird is raising $100 million to become the Uber of electric scooters

Volkswagen’s head of electric mobility says China will drive autonomy roll-out

What’s the biggest motivating factor behind automakers embracing autonomous vehicles and self-driving? You might think ‘safety’ or maybe even consumer demand, but in truth the biggest driver might be China and its incentivization programs for automakers. Much like China’s rules for qualifying for subsidies and restrictions on selling vehicles in market have led to automakers… Continue reading Volkswagen’s head of electric mobility says China will drive autonomy roll-out

Carsome raises $19M for its used-car sales platform in Southeast Asia

Funding for Southeast Asia’s car trading platforms is like buses. After a long wait without news, a third startup has raised funding in the space of a month. Carsome, a Malaysia-based company that also operates in Singapore, Indonesia and Thailand, announced today it has raised a $19 million Series B round just weeks after smaller… Continue reading Carsome raises $19M for its used-car sales platform in Southeast Asia

Audi gets in on the flying car action with Airbus and Italdesign

The Geneva Motor Show is home to many supercars and outlandish apparitions, but the collaboration between Italdesign, Audi and Airbus on the Pop.Up Next flying car concept is one of the more out there. It’s an updated version fo the Pop.Up that Italdesign and Airbus brought to the show last year, this time including an… Continue reading Audi gets in on the flying car action with Airbus and Italdesign

Uber self-driving trucks are now moving cargo for Uber Freight customers

Uber’s autonomous trucks are now doing actual work for customers via Uber Freight, Uber’s commercial cargo shipping on-demand app. The first runs are being done in Arizona, with regular hauls operating with both human drivers and autonomous trucks working in tandem. How it works is that Uber will load up the freight on a conventional,… Continue reading Uber self-driving trucks are now moving cargo for Uber Freight customers

Renault’s EZ-GO envisions walk-on, walk-off urban EV mobility

Renault’s EZ-GO is less concept car than a full transportation service concept design. The vehicle revealed at the Geneva Motor Show this week is a fully autonomous electric car that can’t travel fast, but that does fit as many as six passengers through a big, almost garage-like door that opens up to load people and… Continue reading Renault’s EZ-GO envisions walk-on, walk-off urban EV mobility