Cyan Banister is an American success story. A homeless teenager who originally supported herself by making hemp necklaces, then silk-screen T-shirts, she went on to become a self-taught engineer and to later hold several management roles at the security startup IronPort. It was a life-changing experience for her. She made an early fortune when it… Continue reading VC Cyan Banister on her path, who decides what at Founders Fund and the state of San Francisco
Tag: Uber
Enway Raises €6M in Seed Funding
Enway, a Berlin, Germany-based company that builds the next generation of cleaning services, raised €6M in seed funding. The round was led by Redalpine with participation from Berlin Technologie Holding and a number of Silicon Valley business angels including Moving Capital, an investment club of UBER Alumni, and existing investors Atlantic Labs and b10 |… Continue reading Enway Raises €6M in Seed Funding
Siberian taxi firm bringing fare-haggling to Moscow plans expansion
FILE PHOTO: People hail taxis near the exit of Park Kultury metro station during a train service disruption in Moscow March 29, 2010. REUTERS/Denis Sinyakov/File Photo MOSCOW (Reuters) – A Siberian ride-hailing firm that allows customers to haggle over their fares is investing to beef up its presence in Moscow, a market dominated by New… Continue reading Siberian taxi firm bringing fare-haggling to Moscow plans expansion
Lyft is ceasing scooter operations in six cities and laying off 20 employees
In an industry where unit economics and rider utilization are key to running a profitable business, perhaps it’s better to cut your losses early on. Lyft notified employees today that it’s pulling its scooters from six markets: Nashville, San Antonio, Atlanta, the Phoenix area, Dallas and Columbus. “We’re choosing to focus on the markets where… Continue reading Lyft is ceasing scooter operations in six cities and laying off 20 employees
Daimler takes “reality check” on robotaxis
* Daimler says robotaxi tech proving difficult to perfect
* Benefits of such vehicles unclear
* CEO says to “rightsize” spend level on robotaxis
* Commercial vehicles may be more suited for assisted driving tech (Adds details)
FRANKFURT, Nov 14 (Reuters) – Daimler has taken a “reality check” on self-driving “robotaxis”, acknowledging that making them safe is proving harder than first thought amid questions over their future earnings potential.
Chief Executive Ola Kaellenius told journalists on Thursday Daimler would “rightsize” its spending level on robotaxis and that self-driving technology would more likely be applied to commercial vehicles for freight companies on long haul routes.
Carmakers raced to develop self-driving vehicles after Google presented a prototype car in 2012, leading Daimler to develop an autonomous Mercedes.
The idea of fleets of robotaxis picking up and ferrying customers around cities gained traction, driven by the stellar growth of ride services such as Uber an..
UPDATE 1-Daimler takes “reality check” on robotaxis
FRANKFURT (Reuters) – Daimler has taken a “reality check” on self-driving “robotaxis”, acknowledging that making them safe is proving harder than first thought amid questions over their future earnings potential. Ola Kaellenius, a board member of Daimler AG presents the new Mercedes GLC F-CELL during the Frankfurt Motor Show (IAA) in Frankfurt, Germany September 12,… Continue reading UPDATE 1-Daimler takes “reality check” on robotaxis
Daimler takes ‘reality check’ on robotaxis
FRANKFURT (Reuters) – Daimler has taken a “reality check” on self-driving “robotaxis”, acknowledging that making them safe is proving harder than first thought amid questions over their future earnings potential. Ola Kaellenius, a board member of Daimler AG presents the new Mercedes GLC F-CELL during the Frankfurt Motor Show (IAA) in Frankfurt, Germany September 12,… Continue reading Daimler takes ‘reality check’ on robotaxis
Uber launches new safety features in UK as it fights for new license
FILE PHOTO: Uber’s logo is displayed on a mobile phone in London, Britain, September 14, 2018. REUTERS/Hannah Mckay LONDON (Reuters) – Uber launched a set of new safety features in Britain on Thursday as it battles to retain its taxi operating license in the face of concerns about passenger safety. The measures include a discrimination… Continue reading Uber launches new safety features in UK as it fights for new license
Micromobility’s next big opportunities
Launching and operating shared bikes and scooters has lost its novelty. Worldwide, numerous companies are operating shared micromobility services — so many that the industry is well into a consolidation phase. In Latin America, Grow Mobility formed as part of a merger between micromobility providers Grin and Yellow. In the U.S., Bird acquired Scoot. And,… Continue reading Micromobility’s next big opportunities
Convoy raises $400 million to expand its on-demand trucking platform
Convoy, the digital freight network that connects truckers with shippers, has raised $400 million in a Series D funding round as it aims to scale its business amid an increasingly competitive market. The funding round brings Convoy’s post-money valuation to $2.75 billion. The round was co-led by Generation Investment Management and previous Convoy investor T.… Continue reading Convoy raises $400 million to expand its on-demand trucking platform