The on-demand food delivery wars continue to heat up in the U.S. DoorDash announced today that it has filed confidentially to go public. The company noted that its Form S-1, a draft registration statement, was filed with the SEC and is now being reviewed. It did not say how many shares it would potentially sell,… Continue reading DoorDash, the $13B on-demand food delivery startup, says it has confidentially filed for an IPO
Tag: Uber
GM’s Cruise cleared to carry passengers in self-driving cars in California
Cruise LLC, the autonomous-vehicle unit of General Motors Co., has been cleared to carry passengers in California. The company has been authorized by the California Public Utilities Commission. to transport passengers in test self-driving vehicles on public highways in California. Cruise’s self-driving cars will be required to be operated by a human who has been issued a test vehicle operator permit by the… Continue reading GM’s Cruise cleared to carry passengers in self-driving cars in California
UPDATE 1-SoftBank-backed DoorDash confidentially files for IPO
FILE PHOTO: Cincinnati DoorDash worker Renee Shell delivers an order from Walmart in Cincinnati, Ohio, U.S., July 1, 2018. Photo taken July 1, 2018. REUTERS/Lisa Baertlein (Reuters) – SoftBank-backed (9984.T) food delivery startup DoorDash said on Thursday it had confidentially filed for an initial public offering with the U.S. Securities and Exchange Commission. DoorDash competes… Continue reading UPDATE 1-SoftBank-backed DoorDash confidentially files for IPO
Uber Resumes Service in Colombia
Colombia taxi groups have argued that this step is not enough, and that Uber is unregulated and should be banned. Photo via Uber. Weeks after it was forced to exit the country, Uber has returned to Colombia, the Financial Times reports. The app started working again Thursday after Uber said it made changes to its… Continue reading Uber Resumes Service in Colombia
China’s Didi set to challenge Uber Eats with Japan expansion
Didi is looking to officially launch its food delivery service in Japan in April. Go to Source
HeadSpin Raises $60M in Series C Funding at $1.16 Billion Valuation
HeadSpin, a Palo Alto, Calif.-based company that ensures connected experiences enabled by web, mobile, IoT and 5G, raised $60m in Series C funding. The round – brings the total amount raised since inception to $117m and valuation to $1.16 billion – was led by Dell Technologies Capital and ICONIQ Capital with participation from institutional investors… Continue reading HeadSpin Raises $60M in Series C Funding at $1.16 Billion Valuation
Toyota steers $400 million to self-driving startup Pony.ai
Pony.ai, a self-driving startup based in Silicon Valley and Guangzhou, China, is deepening its ties to Toyota. The two companies announced a pilot program to test self-driving cars on public roads in two Chinese cities, Beijing and Shanghai. The Japanese auto giant plans to invest $400 million in Pony.ai, valuing the startup at $3 billion.… Continue reading Toyota steers $400 million to self-driving startup Pony.ai
Uber, Lyft may create more CO2 emissions than trips they displace
Sponsored Links AP Photo/Ross D. Franklin Ride-hailing services might seem environmentally friendly by reducing the need for car ownership. However, that’s not necessarily the case — they might actually make matters worse. A newly published study from the Union of Concerned Scientists estimates that services like Uber and Lyft typically generate 69 percent more CO2… Continue reading Uber, Lyft may create more CO2 emissions than trips they displace
Self-driving startup Pony.ai raises $500m in Toyota-led funding
Autonomous driving firm Pony.ai has raised around $500 million in its latest funding round, led by an investment by Japan’s largest automaker Toyota Motor Corp, two people with direct knowledge of the matter told Reuters. Toyota’s cheque of around $400 million marks its biggest investment in an autonomous driving company with a Chinese background, the… Continue reading Self-driving startup Pony.ai raises $500m in Toyota-led funding
NHL Seattle to spend $7M on Monorail upgrades and offer transit incentives to get fans to new arena
An artist rendering of the Seattle Center Monorail, with NHL Seattle branding, as it passes the Museum of Pop Culture toward its Seattle Center station. (NHL Seattle Image) The hype around hockey in Seattle has the potential to turn into heartache for those who get stuck in traffic in the congested corridors that feed the… Continue reading NHL Seattle to spend $7M on Monorail upgrades and offer transit incentives to get fans to new arena