Volvo has been one of the leading proponents of the industry’s long-term quest for fully autonomous cars. But now it has become the latest to dial back its overall ambition and to clarify how it views the technology developing. The next XC90, due in 2022, will be fitted with the advanced hardware and software needed… Continue reading Why Volvo is redefining autonomous driving
Tag: Uber
Lyft buys digital car-top advertising startup Halo Cars
Feb 21 (Reuters) – Lyft Inc has bought U.S.-based startup Halo Cars, which allows drivers to make money through digital advertisements displayed on top of their vehicles. The deal, first reported by Axios, was confirmed by the ride-hailing company on Friday. Lyft did not comment on the financing of the deal. Halo Cars was founded… Continue reading Lyft buys digital car-top advertising startup Halo Cars
Berlin-based scooter firm Tier extends funding round to $100 million
FILE PHOTO: Tier e-scooters are ready to use at the entrance to a pedestrian area in Frankfurt, Germany, August 8, 2019. REUTERS/Kai Pfaffenbach/File Photo BERLIN (Reuters) – Berlin-based kick scooter company Tier Mobility said on Friday it had extended an investment round to more than $100 million as it seeks to expand across Europe. Launched… Continue reading Berlin-based scooter firm Tier extends funding round to $100 million
Car-sharing startup SOCAR raises $18m from Eugene PE, KH Energy
Car-sharing platform SOCAR announced that it has raised $18 million in a Series A funding round from South Korean investors Eugene Private Equity and KH Energy, according to a report by e27. SOCAR is headquartered in South Korea, but currently operates primarily in Malaysia. The company is expected to use the fresh funding to expand… Continue reading Car-sharing startup SOCAR raises $18m from Eugene PE, KH Energy
Cabify Beats Uber, Lyft to Profitable Sustainability
Cabify says it is the first mobility company in the sector that is financially sustainable. Photo via Cabify. Cabify, a Spanish mobility as a service (MaaS) copany, achieved for the first time, in the last quarter of 2019, an operating profit or EBITDA for $3 million dollars. Cabify’s consolidated net revenues in 2019 amounted to $104 million, up 11% from… Continue reading Cabify Beats Uber, Lyft to Profitable Sustainability
Uber shuts its Los Angeles office and reportedly lays off about 80 people
Uber is closing its Los Angeles office, reportedly laying off about 80 staff members. According to the Los Angeles Times, the staff were informed, without warning, that their jobs would be shifted to Manila in the Philippines. The ride-hailing giant has reportedly culled more than 1,000 workers since going public last May. Earlier this month,… Continue reading Uber shuts its Los Angeles office and reportedly lays off about 80 people
A self-driving start-up pulls in rare revenues by keeping its ambitions low – Los Angeles Times
May Mobility Inc.’s boxy white-and-green self-driving shuttle pulls up to a damp corner in downtown Detroit. Its big doors swing out, revealing a safety driver and six seats that face each other. It’s more comfortable than a subway car or most buses, but not by much. The shuttle slips down a bus lane and stops… Continue reading A self-driving start-up pulls in rare revenues by keeping its ambitions low – Los Angeles Times
The Station: Lucid Motors spy shot and the birth of an AV startup – TechCrunch
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hello again — or perhaps for the first time. This is Kirsten Korosec, senior transportation reporter at TechCrunch and your host here at The Station. This weekly… Continue reading The Station: Lucid Motors spy shot and the birth of an AV startup – TechCrunch
MotoRefi Secures $8.6M in Series A Funding
MotoRefi, an Arlington, VA-based innovative auto refinance platform, raised $8.6M in Series A funding. The round was co-led by Accomplice and Link Ventures with participation from Motley Fool Ventures, CMFG Ventures (part of CUNA Mutual Group), Gaingels and others. Rob Chaplinsky, Managing Director of Link Ventures, and Rachel Holt, former Uber executive and Co-Founder at… Continue reading MotoRefi Secures $8.6M in Series A Funding
Bangalore startup launches low-cost EV charging station, aims 470 chargers across India
Bangalore-based EV startup, FAE Bikes has announced the launch of ‘Kirana Charzer’, a low-cost, smart EV charging station focused on enabling small shops and individuals to install their own charging stations and generate additional income. The installations will begin from March, with the first Kirana Charzer coming up in Bangalore. The Dheeraj Reddy, Sameer Ranjan… Continue reading Bangalore startup launches low-cost EV charging station, aims 470 chargers across India