ParkMobile launched in North America in 2008 and it took the company nearly 5 years to acquire its first million users. Today, ParkMobile adds 1 million new users every 60 to 70 days. Over the past 12 years, the company has processed over 334,000,000 transactions totaling 57 billion minutes of parking time and over $1… Continue reading ParkMobile App Hits the 20 Million User Milestone
Tag: Waymo/Google
Yandex spins out self-driving car unit from its Uber JV, invests $150M into newco
Self-driving cars are still many years away from becoming a ubiquitous reality, but today one of the bigger efforts to build and develop them is taking a significant step out as part of its strategy to be at the forefront for when they do. Yandex — the publicly-traded Russian tech giant that started as a… Continue reading Yandex spins out self-driving car unit from its Uber JV, invests $150M into newco
@Geely: Geely Automobile Holdings Announced Interim Results for the First Half of 2020
• Geely Automobile Holdings Limited (Group) reports half-year revenue of RMB 36.81 billion and profit of RMB 2.29 billion.• Wholesale market share up from 6.1% to 6.5% in first half• Total sales in 2020 1H reached 530,446 units• The Group management has revised 2020 full year sales target to 1.32 million units. 2020 August 17,… Continue reading @Geely: Geely Automobile Holdings Announced Interim Results for the First Half of 2020
Fiat Chrysler drops provocative hints about the new Jeep Grand Wagoneer
Jeep is prepping its fans for something grand. It’s no secret that Fiat Chrysler Automobiles is reviving the Wagoneer and Grand Wagoneer. Now we apparently know that details are coming soon. On Friday, the company posted two images on its corporate website. One is a start button from inside a vehicle and another features the letters,… Continue reading Fiat Chrysler drops provocative hints about the new Jeep Grand Wagoneer
How Moovit went from opportunity to a $900M exit in 8 years
Private investor (and former Moovit president) Omar Téllez shares the inside story Omar Téllez 12 hours Omar Téllez Contributor Omar Téllez is a private investor in several tech companies based in LatAm and Silicon Valley. A member of Niantic’s executive team, he was previously president of Moovit. More posts by this contributor Top VCs Are… Continue reading How Moovit went from opportunity to a $900M exit in 8 years
Ex-Google robocar engineer sentenced for theft
An ex-engineer for Google’s self-driving car unit has been sentenced to 18 months in prison for trade secret theft shortly before he joined Uber. US District Judge William Alsup in San Francisco said Anthony Levandowski had carried out the “biggest trade secret crime I have ever seen”. Levandowski loaded more than 14,000 Google files onto… Continue reading Ex-Google robocar engineer sentenced for theft
@niche: Perception for Automated Trucking
The highway as seen by an automated truck By Lance Martin and Alvin Zhang Few industries have gained more prominence this year than logistics. With millions at home sheltering in place, there is unprecedented demand for delivery of food and other essential items. People across the country are realizing they should #ThankATrucker. At Ike, we believe… Continue reading @niche: Perception for Automated Trucking
Autonomous vehicle reporting data is driving AV innovation right off the road
Grace Strickland Contributor Grace Strickland is an attorney with more than six years of experience representing technology clients in cutting-edge industries, including autonomous transportation. John McNelis Contributor John McNelis is an intellectual property partner and leader of the autonomous transportation and shared mobility practice at Fenwick & West; he also chairs the California Technology Council’s… Continue reading Autonomous vehicle reporting data is driving AV innovation right off the road
Fiat Chrysler salaried workers back at full pay
CLOSE Fiat Chrysler Automobiles has restored full pay for its salaried workforce. Unlike General Motors, which announced its own restoration of full pay for salaried workers, the move was not earlier than expected, according to FCA, but was in the planned time frame for addressing the financial impact of the coronavirus. Ford had announced a similar plan beginning in May… Continue reading Fiat Chrysler salaried workers back at full pay
Self-driving startup Argo AI hits $7.5 billion valuation
Autonomous vehicle technology startup Argo AI is valued at $7.5 billion, just a little more than three years after the company burst on the scene with a $1 billion investment from Ford. The official valuation was confirmed Thursday nearly two months after VW Group finalized its $2.6 billion investment in Argo AI. Under that deal,… Continue reading Self-driving startup Argo AI hits $7.5 billion valuation