SAN JOSE, Calif., Aug. 14, 2023 /PRNewswire/ — Silicon Valley-based automotive radar startup, Altos Radar, has raised $3.5 million in seed round funding that will fast-track the commercialization of 4D imaging radars in driver-assisted and autonomous vehicles. The funding, led by Hesai Technology CEO David (Yifan) Li, ZhenFund and Monad Ventures, will be used to… Continue reading Altos Radar raises $3.5m to accelerate the development and commercialization of 4D imaging radars
Tag: Lyft
Robotaxi expansion OK’d for San Francisco despite public safety concerns
Los Angeles — Get ready, San Francisco: The state government has approved a major expansion of driverless robotaxi service throughout the city. And get ready, Los Angeles: The industry is planning to push for driverless rides here as soon as it gets permits to do so. The state’s green light, on a 3-1 vote late Thursday by the California… Continue reading Robotaxi expansion OK’d for San Francisco despite public safety concerns
Lyft takes a page from Uber’s playbook: Ads
Ride-hailing giant Lyft will start displaying ads in-app, as well as via in-car tablets, rooftops and bikeshare stations. “Lyft has a captive audience throughout their entire ride journey – waiting for their car, matching with their driver, and in ride – and brands can now reach riders in relevant and tailored ways across our suite… Continue reading Lyft takes a page from Uber’s playbook: Ads
California agency to vote on San Francisco robotaxi expansion amid heavy opposition
The CPUC on Tuesday heard testimony from the San Francisco Municipal Transportation Agency that it had logged close to 600 incidents involving autonomous vehicles since spring of 2022 and that they believe that is “a fraction” of the total due to what they say are lax reporting requirements. Amid strenuous pushback from San Francisco officials… Continue reading California agency to vote on San Francisco robotaxi expansion amid heavy opposition
Lyft plans to ditch surge pricing, which riders hate ‘with a fiery passion’
Lowering fares has helped the company boost the number of people using the platform. Lyft plans to kill off surge pricing in an attempt to boost its rider numbers. On the company’s second-quarter earnings call, CEO David Risher admitted the controversial practice is a “a bad form of price raising” that riders loathe “with a… Continue reading Lyft plans to ditch surge pricing, which riders hate ‘with a fiery passion’
Lyft wants to kill surge pricing
Lyft has been cutting fares in order to secure more riders, and it’s working. Bu that success has come with a (literal) cost. The ride-hail company reported Tuesday during its second quarter 2023 earnings an increase in riders and decrease in revenue per active rider. That discrepancy was fueled by a decision by the company to… Continue reading Lyft wants to kill surge pricing
Lyft shares pop, then plop, as it predicts slow and steady growth
Lyft made less money per active rider in the second quarter — something that might normally give investors pause. Yet, the ride-hailing giant’s stock price initially rocketed nearly 14% in after-hours trading following its Q2 2023 earnings report. The stock then shed its after-hours gains shortly before this story went live. Lyft’s enthusiastic investors seemed… Continue reading Lyft shares pop, then plop, as it predicts slow and steady growth
MARBLEGATE HOSTS NEW YORK CITY’S FIRST TAXI DRIVER APPRECIATION DAY AT TAXI CLUBHOUSE
NEW YORK, Aug. 4, 2023 /PRNewswire/ — Marblegate Asset Management (Marblegate) was joined by TLC Commissioner David Do, the New York City Taxi Workers Alliance, Memorial Sloan Kettering Cancer Center, New York Legal Assistance Group and Raja Foods for their first ever “Taxi Driver Appreciation Day” – six months after the formal opening of the… Continue reading MARBLEGATE HOSTS NEW YORK CITY’S FIRST TAXI DRIVER APPRECIATION DAY AT TAXI CLUBHOUSE
Smart Cities and E-Bikes Propel Mobility on Demand Market Growth to 2031
DUBLIN, Aug. 4, 2023 /PRNewswire/ — The “Mobility on Demand Market By Type, By Vehicle Type, By Propulsion Type, By Booking Type, By Commute Type: Global Opportunity Analysis and Industry Forecast, 2021-2031” report has been added to ResearchAndMarkets.com’s offering. According to this report, titled, ‘Mobility on Demand Market,’ the mobility on demand market was valued… Continue reading Smart Cities and E-Bikes Propel Mobility on Demand Market Growth to 2031
Clean Technica: Revel All-Electric Tesla Rideshare Service Passes One Million Rides, 300 EVs, 1000 Drivers002928
Revel, the all-electric rideshare service based in New York, just celebrated its one millionth ride since the service rolled out in New York City just two years ago. Who was the lucky passenger to take that millionth ride? None other than New York Senator and Senate Majority Leader Chuck Schumer. Schumer took the opportunity to… Continue reading Clean Technica: Revel All-Electric Tesla Rideshare Service Passes One Million Rides, 300 EVs, 1000 Drivers002928