With the new funds, Vai.Car plans to own 25,000 vehicles within 18 months. Photo via Phillip Capper/Wikimedia. Brazilian car rental startup Vai.Car has raised approximately $85 million to help increase its vehicle fleet, according to a report by Contxto. The investment round was led by XP Investimentos. With the new funds, Vai.Car plans to own 25,000… Continue reading Brazilian Car Rental Company Raises $85M
Tag: Uber
Bikes and scooters expanded dramatically in the past decade. The president of Ford’s scooter company reveals what’s next for the micromobility industry.
Shared bicycles and electric scooters have risen in popularity in the last few years. Now some of the companies that provide them are the topic of Fortune 500 acquisitions, a major focus of high-profile IPOs. The vehicles themselves have become ingrained into the fabric of cities big and small. There’s a long way to go… Continue reading Bikes and scooters expanded dramatically in the past decade. The president of Ford’s scooter company reveals what’s next for the micromobility industry.
Uber takes a downer as ride-sharing app service crashes – The Register
Uber takes a downer as ride-sharing app service crashes The Register Go to Source Go to Source
Ex-Waymo engineer Levandowski ordered to pay Google $179 million
Sponsored Links Waymo A court has ordered Anthony Levandowski to pay Google $179 million to end a contract dispute. He was once one of Google’s most prized talents as someone who helped pioneer its work on self-driving vehicles. However, their relationship turned sour after he left the tech giant, which then accused him of poaching… Continue reading Ex-Waymo engineer Levandowski ordered to pay Google $179 million
Anthony Levandowski ordered to pay $179 million to Google
Anthony Levandowski, the engineer and autonomous vehicle startup founder who was at the center of a trade secrets lawsuit between Uber and Waymo, has been ordered to pay $179 million to end a contract dispute over his departure from Google. Reuters was the first to report the court order. An arbitration panel ruled in December… Continue reading Anthony Levandowski ordered to pay $179 million to Google
Ex-Uber self-driving head declares bankruptcy after $179 million loss to Google
SAN FRANCISCO (Reuters) – The former head of Uber Technologies Inc’s self-driving technology unit, Anthony Levandowski, filed for bankruptcy protection on Wednesday, shortly after a court confirmed that he must pay $179 million to Google to end a legal battle over his split from the Alphabet Inc unit. FILE PHOTO: Former Google and Uber engineer… Continue reading Ex-Uber self-driving head declares bankruptcy after $179 million loss to Google
Driverless car startup Five raises $41m investment from Direct Line and Airbnb backer – City A.M.
London tech firm Five has today closed $41m in funding from a slew of new investors, including Trustbridge Partners, Direct Line and Sistema VC. The series B fundraising was supported by existing backers Lakestar, Amadeus Capital Partners, Kindred Capital and Notion Capital — which between them have backed the likes of Airbnb, Klarna, Graphcore and… Continue reading Driverless car startup Five raises $41m investment from Direct Line and Airbnb backer – City A.M.
Uber driver reclassified as employee in France
France’s Court of Cassation, a court of last resort, has ruled that a former Uber driver should have been considered an employee instead of a self-employed partner. As the Court of Cassation is the supreme court of appeal in that case, Uber can no longer appeal the decision. Back in June 2017, an Uber driver… Continue reading Uber driver reclassified as employee in France
Uber open to using self-driving tech from competition: CEO
FILE PHOTO: Uber CEO Dara Khosrowshahi speaks to the media at an event in New Delhi, India, October 22, 2019. REUTERS/Anushree Fadnavis/File Photo (Reuters) – Uber Technologies Inc’s self-driving unit is open to using technology from competitors in the industry, the company’s chief executive said on Wednesday. “If any of those competitors want to put… Continue reading Uber open to using self-driving tech from competition: CEO
Top French court deals blow to Uber by giving driver ’employee’ status
FILE PHOTO: A screen displays the company logo for Uber Technologies Inc on the day of its IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid/File Photo PARIS (Reuters) – France’s top court has recognized the right of an Uber (UBER.N) driver to be considered an employee,… Continue reading Top French court deals blow to Uber by giving driver ’employee’ status