By Joshua Franklin, Anirban Sen 2 Min Read Joby-aircraft-web (Reuters) – Electric passenger aircraft developer Joby Aero Inc is exploring a deal to go public through a merger with a blank-check acquisition firm at a valuation of around $5 billion, according to people familiar with the matter. Joby has hired investment banks to solicit interest… Continue reading Exclusive: Air taxi startup Joby explores deal to go public – sources
Tag: Uber
Surprised, Trump pardons engineer who stole trade secrets from Google
Posted on Jan 20, 2021 at 11:09 amUpdated Jan 20, 2021 at 11:43 am Former advisor Steve Bannon, rappers Lil Wayne and Kodak Black… and Anthony Levandowsky. The former engineer of Google and Uber, found guilty of one of the most famous thefts of trade secrets, is now a free man: he is on the… Continue reading Surprised, Trump pardons engineer who stole trade secrets from Google
Trump pardons convicted ex-Google engineer Anthony Levandowski
One of President Trump’s final acts in office is to pardon a former Google engineer who was convicted of stealing trade secrets. Anthony Levandowski worked for Google’s self-driving car division, now called Waymo, before leaving to found Otto, a self-driving truck company that was acquired by Uber. He was sentenced to 18 months in prison… Continue reading Trump pardons convicted ex-Google engineer Anthony Levandowski
Uber planning to spin out Postmates’ delivery robot arm
Another Uber spinout is in the works. Postmates X, the robotics division of the on-demand delivery startup that Uber acquired last year for $2.65 billion, is seeking investors in its bid to become a separate company, according to several people familiar with the plans. The startup is being referred to as Serve Robotics, a nod… Continue reading Uber planning to spin out Postmates’ delivery robot arm
RV rental platform Outdoorsy says it will hit $1 billion in sales next month after seeing explosive growth during the pandemic
RV rental platform Outdoorsy is set to hit $1 billion in sales next month. Outdoorsy grew 4,600% from April to October, Jeff Cavins, cofounder and CEO of Outdoorsy, told Insider. The company recently brought on strategic hires from Airbnb and Metromile. Visit Business Insider’s homepage for more stories. RV rental platform Outdoorsy is set to… Continue reading RV rental platform Outdoorsy says it will hit $1 billion in sales next month after seeing explosive growth during the pandemic
Elon Musk’s Tesla registers subsidiary in India, names three directors
According to a Registrar of Companies (RoC) filing, the new entity Tesla India Motors and Energy Private Limited is registered in Bengaluru, Karnataka and is classified as a subsidiary of a foreign company. It has also registered its office in Lavelle Road, a business district in the southern city, with paid-up capital of ₹1 lakh and… Continue reading Elon Musk’s Tesla registers subsidiary in India, names three directors
Uber expands green rides option to 1,400 cities
Uber has expanded a program that incentivizes drivers to use all-electric and hybrid vehicles to more than 1,400 cities in North America including Austin, Houston, Miami and New York City as part of the ride-hailing company’s broader plan to become a zero-emission platform by 2040. The program, known as Uber Green, gives customers the option… Continue reading Uber expands green rides option to 1,400 cities
Waymo grew its lead in the self-driving industry with a triumphant 2020. Experts reveal the key step the Google spin-off needs to take in 2021 to keep rivals like Cruise and Aurora at bay.
Waymo is seen by many experts as the autonomous-vehicle industry’s leader. The company racked up a number of accomplishments in 2020, including making driverless rides available to all users of its Waymo One ride-hailing service, forming partnerships with Daimler and UPS, and raising $3.2 billion. To build on its lead in 2021, Waymo needs to… Continue reading Waymo grew its lead in the self-driving industry with a triumphant 2020. Experts reveal the key step the Google spin-off needs to take in 2021 to keep rivals like Cruise and Aurora at bay.
Car Rental Startup Kyte Raises $9M
Kyte delivery drivers (aka “surfers”) employ a contact-free rental process and often use collapsible electric scooters to travel to their next pickup point. Photo courtesy of Kyte. Car rental startup Kyte has raised $9 million in funding from DN Capital and Amplo VC, the company reported on Tuesday. Other investors participating in the round include Kayak and… Continue reading Car Rental Startup Kyte Raises $9M
Kyte raises $9 million to deliver rental cars to your doorstep
More than two years ago, Ludwig Schoenack, Nikolaus Volk and Francesco Wiedemann looked at the bevy of scooter services, ride-hailing apps, public transit and car-sharing options available in most urban centers in the United States and saw a gap in the mobility market. Consumers who didn’t want to own a car, but needed one for… Continue reading Kyte raises $9 million to deliver rental cars to your doorstep