Alphabet’s self-driving unit, Waymo, said on Friday it had closed a $5.6 billion funding round led by the Google parent, as it looks to expand its autonomous ride–hailing service. Automakers and technology companies are investing in autonomous ride–hailing services to capitalize on the technology to drive commercial success, even as it faces widespread skepticism and tight regulatory scrutiny. The investment round also saw participation from existing investors including… Continue reading Google’s Waymo closes $5.6b funding to expand autonomous cab serviceThe round also saw participation from existing investors including Andreessen Horo…
Tag: Uber
Waymo secures $5.6 billion in new funding before expanding robotaxis to new cities in 2025
Robotaxi developer Waymo has closed an oversubscribed Series C funding round totaling $5.6 billion. Alongside an expanded partnership with Uber, the funds will help the rideshare company expand its Waymo-One robotaxi service throughout current and additional cities in the US. While some robotaxi networks are slowing down their expansion plans and OEMs like Tesla struggle… Continue reading Waymo secures $5.6 billion in new funding before expanding robotaxis to new cities in 2025
Alphabet’s self-driving unit Waymo closes $5.6 billion funding round as robotaxi race heats up in the U.S.
A Waymo autonomous self-driving Jaguar taxi drives along a street on March 14, 2024 in Los Angeles, California. Mario Tama | Getty Images Waymo has closed a $5.6 billion funding round to expand its robotaxi service in and beyond Los Angeles, San Francisco and Phoenix, where it operates today. The autonomous vehicle venture is owned… Continue reading Alphabet’s self-driving unit Waymo closes $5.6 billion funding round as robotaxi race heats up in the U.S.
Waymo raises $5.6 billion to fund Austin and Atlanta expansion
Waymo has raised another huge chunk of change from investors. The company announced on its blog that it secured an “oversubscribed investment round” of $5.6 billion in funding, the largest of which came from Google’s parent company Alphabet. The company is working with Uber to expand to Austin and Atlanta by the early part of… Continue reading Waymo raises $5.6 billion to fund Austin and Atlanta expansion
Toyota-backed eVTOL startup Joby Aviation seeks $200m from common stock offeringJoby is backed by Uber, Delta Air Lines, and South Korea’s SK Telecom.
Joby Aviation, a California-based startup developing electrical vertical take-off and landing (eVTOL) aircraft, has announced a public offering of common stock up to $200 million, according to a regulatory filing. In this offering, Joby also intended to provide underwriters with a 30-day option to purchase an additional $30 million in shares. The company said the… Continue reading Toyota-backed eVTOL startup Joby Aviation seeks $200m from common stock offeringJoby is backed by Uber, Delta Air Lines, and South Korea’s SK Telecom.
Elon Musk Mocks Idea of an Affordable $25,000 Tesla
“It would be silly.” Let Them Eat Cars Tesla CEO Elon Musk has seemingly given up on an affordable personal vehicle. During this week’s earnings call, the increasingly unpredictable CEO went as far as to mock the idea of a non-autonomous $25,000 car, dismissing it as “pointless.” That’s because Musk has doubled down on the… Continue reading Elon Musk Mocks Idea of an Affordable $25,000 Tesla
Move over Waymo, here comes Wayve: a new self-driving player in California
Wayve, a well-funded London-based autonomous vehicle startup backed by Uber and Softbank, will begin testing its “Tesla-like” self-learning automated driving software in San Francisco and the Bay Area. The move marks its first on-road trials outside of the UK. Wayve opened a new office in Sunnyvale, California, to support its US expansion and AI development,… Continue reading Move over Waymo, here comes Wayve: a new self-driving player in California
Uber is offering customers rides in the Lotus Eletre for a chance to win free rides for a decade
To promote emissions-free rides in the UK, Uber has teamed up with Lotus to deploy a fleet of the latter’s Eletre Hyper EVs around London. Now through the end of November, London commuters can book a ride in an Eletre by selecting Uber Green in their app. Better yet, the rider who saves the most… Continue reading Uber is offering customers rides in the Lotus Eletre for a chance to win free rides for a decade
Ulta Beauty Partners with Rokt Ahead of Holiday Season to Expand Its Retail Media Network and Elevate the Guest Experience
Partnership Enables UB Media to Add Non-Endemic Ads to Its Ecosystem for the First Time NEW YORK, Oct. 24, 2024 /PRNewswire/ — Rokt, the leading ecommerce company using machine learning and AI to make the shopping experience more relevant to each customer, today announced it has partnered with Ulta Beauty, Inc. (NASDAQ: ULTA) to expand… Continue reading Ulta Beauty Partners with Rokt Ahead of Holiday Season to Expand Its Retail Media Network and Elevate the Guest Experience
@Geely: Global News Thu 24 Oct 2024Your Next Uber Could Be One Of The World’s Most Luxurious Electric Cars
A fleet of ultra-luxurious Lotus Eletre, the company’s all-electric Hyper-SUV, will join Uber for a limited time in London – available to passengers who select Uber Green. Almost 30% of Uber’s miles in London are now fully electric. The Uber rider who saves the most emissions by the end of November by taking fully electric… Continue reading @Geely: Global News Thu 24 Oct 2024Your Next Uber Could Be One Of The World’s Most Luxurious Electric Cars