Grubhub is launching a pilot program with Joco, a docked e-bike rental platform based in New York City, to provide at least 500 gig delivery workers with free access to e-bikes. Ensuring that delivery workers have access to high-quality e-bikes has been a major discussion point in NYC after a spate of battery fires. Grubhub’s… Continue reading Grubhub, Joco team up to give NYC delivery workers access to e-bikes
Tag: Lyft
Cruise robotaxis now run all day in San Francisco, with public access after 10 p.m.
A Cruise vehicle in San Francisco, California, on Wednesday Feb. 2, 2022. David Paul Morris | Bloomberg | Getty Images Kyle Vogt, CEO and founder of GM-owned autonomous vehicle company Cruise, announced Tuesday that the company’s robotaxis are now running around the clock in San Francisco. The company’s paid, driverless service is a step towards… Continue reading Cruise robotaxis now run all day in San Francisco, with public access after 10 p.m.
China EVs rising, Tesla loses profit ground and Lyft preps for deep cuts
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. Subscribe for free. Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point… Continue reading China EVs rising, Tesla loses profit ground and Lyft preps for deep cuts
Honey, I shrunk the revenue multiple
With new leadership and a soon-to-be-thinned employee base, Lyft is going to look a heck of a lot different at the end of 2023 than it did at the start. After its co-founders said they’d relinquish their roles as CEO and president in March, the company last week said it intends to dramatically cut its… Continue reading Honey, I shrunk the revenue multiple
Lyft to make ‘significant’ cuts across ride-hailing company
Lyft’s newly appointed CEO David Risher told employees in an email Friday that the company is significantly reducing its workforce as part of a restructuring effort. Risher said the restructuring is part of Lyft’s plan to “better meeting the needs of riders and drivers.” The company confirmed that it has not changed its guidance for… Continue reading Lyft to make ‘significant’ cuts across ride-hailing company
Lyft’s new CEO begins tenure with layoffs, reportedly cutting 1,200 jobs
A traveler arriving at Los Angeles International Airport looks for ground transportation during a statewide day of action to demand that ride-hailing companies Uber and Lyft follow California law and grant drivers “basic employee rights” in Los Angeles, California, U.S., August 20, 2020. Mike Blake | Reuters Ride-sharing app Lyft will lay off a significant… Continue reading Lyft’s new CEO begins tenure with layoffs, reportedly cutting 1,200 jobs
Autotech Ventures’ new $230M mobility fund adds fintech, circular economy to its investment strategy
Autotech Ventures will use its newly closed $230 million fund to expand beyond its foundation of early-stage ground transportation startups and invest in what the firm believes are the next big opportunities in automotive and mobility. Fintech, logistics, supply chain and the circular economy are at the top of the list. The $230 million fund,… Continue reading Autotech Ventures’ new $230M mobility fund adds fintech, circular economy to its investment strategy
Autotech Ventures Raises USD230M For Third Fund
Autotech Ventures, a Menlo Park, CA-based early-stage venture capital firm with a mission to solve the world’s ground transportation challenges with technology, closed its third fund, at $230m. The fund will be used to invest in Seed through Series C mobility-related startups. Autotech has over $500M under management and has invested in more than 40 companies. Of… Continue reading Autotech Ventures Raises USD230M For Third Fund
AUTOTECH VENTURES ANNOUNCES NEW $230M FUND
Marks the VC’s Third Fund to Support Leading Ground Transportation Startups MENLO PARK, Calif., April 20, 2023 /PRNewswire/ — Autotech Ventures (Autotech), an early-stage venture capital firm with a mission to solve the world’s ground transportation challenges with technology, announced the closing of its third fund. The $230 million fund will be used to invest in… Continue reading AUTOTECH VENTURES ANNOUNCES NEW $230M FUND
Robo Taxis Global Market Report 2023: Market to Grow at a Staggering CAGR of 58.6% to Reach $17.84 Billion by 2027
DUBLIN, April 18, 2023 /PRNewswire/ — The “Robo Taxis Global Market Report 2023” report has been added to ResearchAndMarkets.com’s offering. The global robo taxis market grew from $1.73 billion in 2022 to $2.82 billion in 2023 at a compound annual growth rate (CAGR) of 63.2%. The robo taxis market is expected to grow to $17.84 billion… Continue reading Robo Taxis Global Market Report 2023: Market to Grow at a Staggering CAGR of 58.6% to Reach $17.84 Billion by 2027