Postmates is expanding like crazy ahead of an initial public offering expected later this year. The food delivery business has launched in 1,000 new cities since December, the company announced today. San Francisco-based Postmates now operates its on-demand delivery platform, powered by a network of local gig economy workers, in 3,500 cities across all 50… Continue reading Postmates has launched in 1,000 new cities since December
Tag: Uber
Canoo, the electric vehicle startup formed from Faraday Future’s ashes, seeks $200 million
Less than a month after rebranding as Canoo, the startup electric vehicle company formerly known as Evelozcity is on the hunt for $200 million in new capital. The startup, which is backed by a clutch of private individuals and family offices hailing from China, Germany and Taiwan, is hoping to line up the new capital… Continue reading Canoo, the electric vehicle startup formed from Faraday Future’s ashes, seeks $200 million
GV-backed KeepTruckin nabs $149M at $1.25B valuation
KeepTruckin, a developer of hardware and software that helps truck drivers manage their vehicles and cargo, has raised $149 million in Series D funding. Greenoaks Capital has led the round, with participation from existing backers GV, IVP, Index Ventures and Scale Venture Partners. The round values the business at $1.25 billion, according to KeepTruckin co-founder… Continue reading GV-backed KeepTruckin nabs $149M at $1.25B valuation
Analysts at Lyft underwriters say buy falling stock
(Reuters) – Wall Street’s public opinion of Lyft Inc took a major turn for the positive on Tuesday, after analysts at many of the banks that worked on its initial public offering urged clients to buy the ride hailer’s underperforming shares. The Lyft logo is seen on a parked Lyft Scooter in Washington, U.S., March… Continue reading Analysts at Lyft underwriters say buy falling stock
Waymo picks Detroit factory for self-driving fleet, to be operational by mid-2019
SAN FRANCISCO (Reuters) – Alphabet Inc’s Waymo said on Tuesday it had chosen a factory in Detroit to mass produce self-driving cars, looking to the historical heart of the auto industry to build the vehicles of the future. FILE PHOTO: Waymo CEO John Krafcik speaks on stage during the annual Google I/O developers conference in… Continue reading Waymo picks Detroit factory for self-driving fleet, to be operational by mid-2019
UPDATE 4-Tesla says robotaxis coming next year, touts self-driving microchip
(Reuters) – Chief Executive Elon Musk said Tesla Inc robotaxis with no human drivers would be available in some markets next year thanks to exponential improvements in technology. FILE PHOTO: A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson “Probably two years from now we’ll make a car with… Continue reading UPDATE 4-Tesla says robotaxis coming next year, touts self-driving microchip
UPDATE 3-Tesla touts power of self-driving microchip in cars, working on software
SAN FRANCISCO (Reuters) – Chief Executive Elon Musk unveiled on Monday a microchip for self-driving vehicles that the electric car company hopes will give Tesla Inc an edge over rivals. FILE PHOTO: A Tesla logo is seen in Los Angeles, California U.S. January 12, 2018. REUTERS/Lucy Nicholson Musk invited investors and analysts to its Silicon… Continue reading UPDATE 3-Tesla touts power of self-driving microchip in cars, working on software
UPDATE 2-Tesla reveals computer chip at heart of self-driving initiative
SAN FRANCISCO (Reuters) – Tesla Inc unveiled on Monday technical details on the computer chip at the center of its self-driving strategy as Chief Executive Elon Musk tries to show that the electric car maker’s massive investment in the sector will pay off. FILE PHOTO: A Tesla logo is seen in Los Angeles, California U.S.… Continue reading UPDATE 2-Tesla reveals computer chip at heart of self-driving initiative
Sony launches a taxi-hailing app to rival Uber in Tokyo
Sony last year announced it would enter Japan’s taxi-hailing space and, good to its word, the electronics giant has kicked off its S.Ride service in Tokyo. The service — which was first noted by CNET — is a joint venture between Sony, its payment services subsidiary and five licensed taxi companies. Since ride-hailing with civilian… Continue reading Sony launches a taxi-hailing app to rival Uber in Tokyo
All-New 2020 Kia Soul EV Combines Soul-Ful Vibe With All-Electric Buzz
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Super Cool and Electric TooNext-generation uber-popular urban runabout again available with battery-only powerPowered by a state-of-the-art liquid-cooled lithium ion polymer 64 kWh batteryCombined Charging System (CCS) DC fast-charge is standard equipment2201-horsepower electric motor with 291 lb.-ft. of torqueToday Kia Motors America (KMA) introduced the 2020 Soul, a completely new version of Kia’s beloved, award-winning and unconventional compact utility vehicle. In conjunction with that world-debut, the all-electric, battery-powered Soul EV was also unveiled. Just as quirky, fun-loving and crowd-pleasing, the Soul EV provides the opportunity for lovers of the Soul to drive without ever stopping for gas. A Much Better Battery The new Soul EV has a new state-of-the-art liquid-cooled lithium ion polymer 64 kWh battery which is expected to mean much less need for daily charging, and with Combined Charging System (CCS) DC fast-charge3 as standar..