Amazon’s deal to buy self-driving car startup Zoox could foreshadow more deals to come. Autonomous vehicle technology is proving to be much harder to develop than early enthusiasts predicted. It could take a decade or more and tens of billions of dollars for the industry to develop commercially viable robo-taxi services that are built around… Continue reading Amazon’s $1.2 billion deal to buy Zoox shows just how hard building a self-driving car still is —and why even more startups could become buyout targets (AMZN, UBER, WMT)
Tag: Uber
Lime puts Jump bikes back on London streets
Jump bikes are returning to London — this time through its new owner Lime. London is the first city in Europe to see Jump bikes return since Uber offloaded the company to Lime in a complex deal that unfolded in May. Lime raised $170 million in a funding round led by Uber, along with other… Continue reading Lime puts Jump bikes back on London streets
ALYI – Alternet Announces Partial Prefunding in Conjunction With $25 Million Investment Deal
DALLAS, July 1, 2020 /PRNewswire/ — Alternet Systems, Inc. (USOTC: ALYI) today announced the company will receive up to $2.5 million in advance of a $25 million first tranche investment agreement currently committed under a letter of intent (LOI). ALYI yesterday announced executing a letter of intent (LOI) for a $25 million first tranche investment… Continue reading ALYI – Alternet Announces Partial Prefunding in Conjunction With $25 Million Investment Deal
Uber is reportedly in talks to buy food delivery firm Postmates for $2.6 billion
Uber is holding acquisition talks with food delivery startup Postmates, the New York Times reports. Earlier this year Uber was reported to be holding acquisition talks with Grubhub, but these reportedly fell through and in mid-June Grubhub announced it was merging with Just Eat. Postmates is smaller than Grubhub, and could also expose Uber to… Continue reading Uber is reportedly in talks to buy food delivery firm Postmates for $2.6 billion
Skipr Raises €7M in Funding
Skipr, a Brussels, Belgium-based B2B Mobility as a Service startup, raised €7m in funding. The round was led by Belfius, with participation from existing investor Lab Box, the startup studio of D’Ieteren Auto, a key player in Belgian automobile distribution. The company intends to use the funds to continue scaling its business in Belgium and… Continue reading Skipr Raises €7M in Funding
After losing Grubhub, Uber reportedly hails Postmates
Uber has reportedly made an offer to buy food delivery service Postmates, according to The New York Times. According to the Times, the talks are still ongoing and the deal could fall through. For those that have been paying attention to Uber, this appetite is not new, albeit consistent. A little over a month ago,… Continue reading After losing Grubhub, Uber reportedly hails Postmates
Amazon Shakes Up the Race for Self-Driving—and Ride-Hailing
Uber CEO Dara Khosrowshahi says his company wants to be the “Amazon for transportation.” Friday, Amazon made clear that it intends to be the Amazon for transportation. The ecommerce giant said it had agreed to acquire Bay Area–based autonomous vehicle company Zoox, a deal reportedly worth more than $1 billion. (Amazon did not respond to… Continue reading Amazon Shakes Up the Race for Self-Driving—and Ride-Hailing
TuSimple seeking $250 million in new funding to scale self-driving trucks
TuSimple, the self-driving truck startup backed by Sina, Nvidia, UPS and Tier 1 supplier Mando Corporation, is headed back into the marketplace in search of new capital from investors. The company has hired investment bank Morgan Stanley to help it raise $250 million, according to multiple sources familiar with the effort. Morgan Stanley has sent… Continue reading TuSimple seeking $250 million in new funding to scale self-driving trucks
Uber pares back digital wallet ambitions, head of unit quits: Bloomberg News
FILE PHOTO: Uber CEO Dara Khosrowshahi speaks during a meeting with the Economic Club of New York in New York City, New York, U.S., December 4, 2019. REUTERS/Andrew Kelly (Reuters) – Uber Technologies Inc’s financial services head Peter Hazlehurst is stepping down as the company focuses on rides and food delivery, and ices plans to… Continue reading Uber pares back digital wallet ambitions, head of unit quits: Bloomberg News
California seeking to force Uber and Lyft to reclassify drivers as employees within weeks (UBER, LYFT)
California is seeking to force Uber and Lyft to reclassify drivers as employees within weeks, according to a press release Wednesday from Attorney General Xavier Becerra. Becerra’s office is planning to file an injunction against the companies that would require them to make the change while they await the outcome of a lawsuit over drivers’… Continue reading California seeking to force Uber and Lyft to reclassify drivers as employees within weeks (UBER, LYFT)