When the 2024 Maserati GranTurismo Folgore comes to market next fall, consumers might notice some Formula E motorsports DNA running through the automaker’s first EV. In January, Maserati will become the first Italian team to compete in the ABB FIA Formula E World Championship when the series kicks off its ninth season in Mexico City.… Continue reading How Formula E will shape Maserati’s first passenger EV
Author: Tech Crunch Online News
Wing brings drone delivery options to DoorDash customers in Logan, Australia
DoorDash is teaming up with Alphabet’s Wing to offer customers an easier way to arrange for goods to be delivered via drone. Beginning this week, a small number of DoorDash users in Logan, Australia will be able to order certain convenience and grocery items through the DoorDash app and have them delivered by a Wing… Continue reading Wing brings drone delivery options to DoorDash customers in Logan, Australia
Electric commercial van maker Arrival delays revenue until 2024
Troubled electric vehicle startup Arrival, which is restructuring its business to develop commercial vans for the U.S. instead of Europe, said Tuesday it doesn’t expect to earn revenue until after 2023. The British company, which has struggled to raise funds to produce EVs using its modular microfactory strategy, will halt operations at its Bicester, U.K.,… Continue reading Electric commercial van maker Arrival delays revenue until 2024
Musk’s $56 billion Tesla pay deal goes to trial amid Twitter overhaul
As if Elon Musk didn’t have enough on his plate, the world’s richest man is headed to court next week to defend his $56 billion Tesla pay package. Richard Tornetta, a Tesla shareholder who filed suit in 2019 to rescind Musk’s 2018 pay deal, claims the package — “the largest compensation grant in human history”… Continue reading Musk’s $56 billion Tesla pay deal goes to trial amid Twitter overhaul
Lyft takes $135.7 million hit on Argo AI shutdown
Ride-hailing company Lyft lost $135.7 million in the third quarter due to the shutdown of autonomous vehicle company Argo AI, in which Lyft had a small stake. Late last month, Argo AI closed its doors as its main backers, Ford and Volkswagen, pulled their investments in order to focus on more near-term goals like advanced… Continue reading Lyft takes $135.7 million hit on Argo AI shutdown
Travel app Hopper raises $96M from Capital One to double down on social commerce
Evidently, the downturn hasn’t soured investors on the travel industry. Travel booking startup Hopper today announced that it closed a $96 million follow-on investment from Capital One, bringing the company’s total raised to $740 million. The fresh cash will be put toward several efforts, CEO and co-founder Frederic Lalonde said in a press release, including… Continue reading Travel app Hopper raises $96M from Capital One to double down on social commerce
Yassir pulls in $150M for its super app, led by BOND
Yassir, an African super app platform that offers on-demand services such as ride-hailing, food and grocery delivery, and payments, has raised $150 million in Series B funding, five times what it raised in its previous priced round last November. The investment was led by BOND, the growth-stage firm that Mary Meeker spun out of Kleiner… Continue reading Yassir pulls in $150M for its super app, led by BOND
Trouble brews at Arrival, TuSimple ousts its CEO and Cruise expands in San Francisco
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. This is a shorter version of The Station newsletter that is emailed to subscribers. Want all the deals, news roundups and commentary? Subscribe… Continue reading Trouble brews at Arrival, TuSimple ousts its CEO and Cruise expands in San Francisco
Ouster and Velodyne agree to merger, signaling consolidation in lidar industry
Ouster and Velodyne, two lidar companies, have agreed to a merger in an all-stock transaction, the companies said Monday. Both Ouster and Velodyne will maintain a 50% stake in the new company, according to the agreement that was signed on November 4. The merger comes as many in the industry, including autonomous vehicle technology company… Continue reading Ouster and Velodyne agree to merger, signaling consolidation in lidar industry
Uber withdraws petition to annul new ride-hailing regulations in Kenya
Uber has applied to withdraw a petition in Kenya challenging the new ride-hailing regulations that capped commissions at 18%, and required taxi apps operating to acquire licenses. Coulson Harney, the law firm representing Uber, filed the notice of withdrawal, bringing to an end its push to have the new digital ride-hailing regulations annulled. “Take notice… Continue reading Uber withdraws petition to annul new ride-hailing regulations in Kenya