Bird, the electric scooter company that first launched in Los Angeles, is reportedly raising $150 million in new financing led by Sequoia Capital, according to Bloomberg. The round would value the company at $1 billion. This comes after Bird raised $100 million on a $300 million valuation back in March. That same month, Bird deployed… Continue reading Bird is reportedly raising $150 million at $1 billion valuation
Author: Tech Crunch Online News
Zipcar plans all-electric fleet of over 300 Volkswagens in London
Zipcar is rolling out a fleet of 300 Volkswagen e-Golf in London this year — in what the company is touted as the largest rollout of electric cars in a single English city. Details from the company are still sketchy, but Zipcar said that the first electric vehicles will be available over the summer, with… Continue reading Zipcar plans all-electric fleet of over 300 Volkswagens in London
The well-funded startups driven to own the autonomous vehicle stack
At some point in the future, while riding along in a car, a kid may ask their parent about a distant time in the past when people used steering wheels and pedals to control an automobile. Of course, the full realization of the “auto” part of the word — in the form of fully autonomous… Continue reading The well-funded startups driven to own the autonomous vehicle stack
Grab launches a food delivery service in Southeast Asia
Fresh from completing its acquisition of Uber’s Southeast Asia business, ride-hailing firm Grab has officially launched its food delivery business — GrabFood — today. The service is already available in beta in a handful of countries, including Thailand, but now it is available in Singapore (Grab HQ) with plans to reach Grab’s core six markets… Continue reading Grab launches a food delivery service in Southeast Asia
Tesla settles class action suit over Autopilot claims for $5M
Tesla has paid out $5 million to settle a class action lawsuit against it alleging that the Autopilot feature in the company’s cars was “essentially unusable and demonstrably dangerous.” Owners who paid $5,000 for Autopilot will be reimbursed to the tune of a couple hundred bucks, Reuters reported. Although Tesla claimed that the semi-autonomous driving… Continue reading Tesla settles class action suit over Autopilot claims for $5M
Lime, Bird and Spin have to temporarily remove scooters from SF
The San Francisco Municipal Transportation Agency has officially made available its permit application for electric scooters to operate in the city as part of a one-year pilot program. Part of that means companies like Bird, Lime and Spin will need to at least temporarily remove their scooters from city sidewalks while their applications are being… Continue reading Lime, Bird and Spin have to temporarily remove scooters from SF
Uber in fatal crash detected pedestrian but had emergency braking disabled
The initial report by the National Transportation Safety Board on the fatal self-driving Uber crash in March confirms that the car detected the pedestrian as early as 6 seconds before the crash, but did not slow or stop because its emergency braking systems were deliberately disabled. Uber told the NTSB that “emergency braking maneuvers are… Continue reading Uber in fatal crash detected pedestrian but had emergency braking disabled
Uber’s raising up to $600M in a secondary round at $62B valuation, Q1 sales grew to $2.5B
Uber’s CEO is in Paris this week meeting with the French president to talk tech in Europe and expanding its insurance coverage in the region, but back in the US the company is moving ahead on another kind of expansion. TechCrunch has learned and confirmed that Uber is raising another secondary round of funding of up… Continue reading Uber’s raising up to $600M in a secondary round at $62B valuation, Q1 sales grew to $2.5B
Upstarts emerge to chase Tesla’s lead in electric vehicles
A slew of well-funded new entrants backed by massive amounts of capital are chasing Tesla’s lead in an effort to power the next generation of the electric vehicle industry. Electric vehicle startups have raised more than $2 billion in the U.S. over the first months of 2018 alone, a huge increase over the $650 million… Continue reading Upstarts emerge to chase Tesla’s lead in electric vehicles
This company wants to put “brains” in electric scooters and bikes to keep riders safer
Superpedestrian, a Cambridge, Ma.-based company, has been known until now for its electric Copenhagen wheel, which a user attaches to his or her bikes and operates through an app. It’s essentially a hub that houses a motor, a battery and sensors and is placed in the middle of the rear wheel, measuring how fast and how… Continue reading This company wants to put “brains” in electric scooters and bikes to keep riders safer