Otonomo, a connected automotive company that has seen its stock price plummet since going public in 2021, has announced that it is coming together with Urgent.ly, a roadside assistance tech provider, in a reverse merger. The two are combining in an all-share deal that will see Urgently shareholders take 67% of the company and Otonomo… Continue reading Connected car consolidation, as Urgent.ly acquires Otonomo in reverse merger after its market cap plunges to $70M
Author: Tech Crunch Online News
Uber is integrating its driver app with Apple CarPlay
Uber drivers who have an iPhone will soon be able to use the Uber app directly from their car’s dashboard while using Apple’s CarPlay, according to an email sent to drivers and viewed by TechCrunch. The integration has been rolling out to drivers across the U.S., and all drivers should have access to it by… Continue reading Uber is integrating its driver app with Apple CarPlay
Self-driving truck companies face a potential roadblock in California
After years of pressure from the autonomous vehicle industry, The California Department of Motor Vehicles is on the verge of allowing companies to test and deploy self-driving trucks on public roads. Now, a new speed bump has emerged. California Assembly Member Cecilia Aguiar-Curry introduced in late January a bill that would require a trained human safety operator… Continue reading Self-driving truck companies face a potential roadblock in California
Lyft shares get crushed on weak guidance for first quarter
Lyft beat the street on revenue in the fourth quarter, but it wasn’t enough to assuage investors who reacted to the ride-hailing company’s weak guidance for the first three months of 2023. Lyft lowered expectations for revenue in the first quarter to $975 million. Analysts had expected the company to promise $1.09 billion in revenue.… Continue reading Lyft shares get crushed on weak guidance for first quarter
Here’s when Tesla CEO Elon Musk will finally reveal his Master Plan 3
Tesla CEO Elon Musk tweeted Wednesday that he will present the long-awaited and often teased Master Plan 3 during the company’s investor day March 1. Tesla’s investor day will be held at the company’s Gigafactory Texas located near Austin. The event will be live streamed. Some of the company’s institutional and retail investors will be… Continue reading Here’s when Tesla CEO Elon Musk will finally reveal his Master Plan 3
Google intros new features for EVs with Maps built in
Google is rolling out new features for electric vehicles with Google Maps built in, the company said at its Live from Paris event Wednesday. The features, iterations of which were introduced in November to the Maps smartphone app, aim to alleviate the symptoms of range anxiety for EV drivers. Drivers using Maps on their car’s… Continue reading Google intros new features for EVs with Maps built in
EV startup Zypp Electric nabs $25M to hit 30 Indian cities by 2025
Zypp Electric, an Indian startup that offers an EV-as-a-service platform catering to e-commerce companies and gig workers, has received a $25 million investment led by Taiwan’s battery-swapping giant Gogoro. The cash from Gogoro is an extension of a strategic partnership between the two companies, and a signal of Gogoro’s continued commitment to the Indian market.… Continue reading EV startup Zypp Electric nabs $25M to hit 30 Indian cities by 2025
Mercedes-Benz is bringing its new, all-electric eSprinter van to North America this year
Mercedes-Benz said Tuesday that its long-anticipated and updated battery-electric eSprinter is finally coming to North America, with production set to begin in the second half of 2023 at its factory in Charleston, South Carolina. The Mercedes-Benz eSprinter — and its arrival to the United States and Canada— has been teased for months now. And sure,… Continue reading Mercedes-Benz is bringing its new, all-electric eSprinter van to North America this year
EV maker VinFast downsizes in US, Canada
Vietnamese electric vehicle maker VinFast is cutting jobs in the United States and Canada as part of a restructuring that will merge operations across the two countries. The restructuring comes as VinFast prepares to enter the U.S. public market and delays deliveries to its first customers in the country. VinFast has not shared how many… Continue reading EV maker VinFast downsizes in US, Canada
EV SPAC Canoo agrees to sell $52M in stock to stay alive
Canoo has agreed to sell 50 million shares at a steeply discounted price as the cash-strapped EV company seeks the money it needs to keep its operations running. Canoo said Monday it would sell 50 million new shares to unnamed investors for $1.05 per share, a 16% discount from its closing price Friday. The shares… Continue reading EV SPAC Canoo agrees to sell $52M in stock to stay alive