Uber and Lyft going public may have put closer public scrutiny on the economics of ridesharing, but it hasn’t had a chilling effect on the level of competition in the space. In the latest development, TechCrunch has learned and confirmed that Bolt, the Estonian ride-sharing, scooter and food delivery company that operates across Europe —… Continue reading Uber rival Bolt has closed another tranche of funding at a $1B+ valuation
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Daimler and BMW plan Uber clone in Frankfurt
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FOCUS-Waymo tests Wi-Fi in driverless taxis hoping perks can route it past rivals
SAN FRANCISCO (Reuters) – Waymo is rolling out amenities to entice riders to use its self-driving taxis, creating a potential route to profitability in a money-losing industry. A Jaguar I-PACE self-driving car is pictured during its unveiling by Waymo in the Manhattan borough of New York City, U.S., March 27, 2018. REUTERS/Brendan McDermid The Alphabet… Continue reading FOCUS-Waymo tests Wi-Fi in driverless taxis hoping perks can route it past rivals
Comment: After BMW’s departure, tough decisions are now being made at BMW
BMW Group headquarters The automobile company has lost its lead in electromobility in recent years and at the same time a revenue problem. (Photo: DAPD) Profit warning, power struggles and an increasingly unsettled workforce: The news from the BMWHeadquarters have not been good in recent months. The pressure on CEO Harald Kruger was great. Now… Continue reading Comment: After BMW’s departure, tough decisions are now being made at BMW
Exclusive: U.S. clears SoftBank’s $2.25 billion investment in GM-backed Cruise
(Reuters) – Cruise, a U.S. self-driving vehicle company majority-owned by General Motors Co, told Reuters on Friday that a U.S. national security panel approved a $2.25 billion investment in the firm by Japan’s SoftBank Corp. FILE PHOTO: People walk near the logo of SoftBank Corp in Tokyo, Dec. 18, 2014. REUTERS/Toru Hanai/File Photo SoftBank has… Continue reading Exclusive: U.S. clears SoftBank’s $2.25 billion investment in GM-backed Cruise
Waresix hauls in $14.5M to advance its push to digitize logistics in Indonesia
Waresix, one of a handful of startups aiming to modernize logistics in Indonesia — the world’s fourth most populous country — has pulled in $14.5 million to grow its 18-month-old business. This new investment, Waresix’s Series A, is led by EV Growth — the growth-stage fund co-run by East Ventures — with participation from SMDV… Continue reading Waresix hauls in $14.5M to advance its push to digitize logistics in Indonesia
Ola gets a taxi license in London and plans to launch services in September
London is one of the world’s biggest markets for consumers that travel using ride-hailing services. Is it now also becoming one of the most crowded when it comes to the companies offering the transportation, too? Today, India’s Ola confirmed that it is the latest of the wave of app-based ride-hailing providers to receive a license… Continue reading Ola gets a taxi license in London and plans to launch services in September
BMW and Daimler to team up in push toward self-driving cars
Andrzej Wojcicki | Science Photo Library | Getty ImagesBMW and Mercedes-manufacturer Daimler announced a new partnership on Thursday to develop autonomous driving.
Some 1,200 technicians from the two German auto giants will team up in a bid to develop self-driving technology. The engineers will work toward driver-assistance systems, automated driving on highways as well as parking. The firms say the technology will be specified to what industry insiders call SAE level 4.
“Further talks are planned to extend the cooperation to higher levels of automation in urban areas and city centers,” BMW said in a joint statement.
SAE (Society of Automotive Engineers) levels determine the automation capabilities of vehicles, ranking from zero to five.
Level 4 vehicles can intervene if things go wrong or if there is a system failure. The car can perform all functions itself, although a manual override is available to a driver.
Daimler and BMW said they are targeting 2024 as a key date for installing the technology in cars available to the general public.
The automakers said the cooperation is “non-exclusive” and partner manufacturers and technology firms will take part in the work.
They added that the results won't be kept secret and other firms can see the conclusions “under license.”
Safer than a human?On Tuesday, the two German companies joined with nine other firms to publish a white paper on driverless technology, entitled “Safety First for Automated Driving.”
The report aims to draft worldwide industry standards for tackling the risks of self-driving cars and trucks.
Authors and experts from the firms involved say they aim to present the paper's principles and findings at auto industry and technology conferences over the next few months.
BMW said the main goal of the paper is to create a situation where an autonomously-driven vehicle is proven to be safer than one involving full human control.
Other participants in the document included Audi, Baidu, Continental, Fiat Chrysler, Here Technologies, Infineon, Intel, Volkswagen and Aptiv.
Now watch: Uber unveils its autonomous carVIDEO2:3902:39Uber looks to reduce costs with autonomous vehiclesSquawk Box
Indonesian trucking startup Ritase raises $8.5m Series A led by Golden Gate
Indonesian trucking services platform Ritase has closed a Series A funding round of $8.5 million led by Golden Gate Ventures to propel its growth and expand into new markets. Other investors that participated in the round are Jafco Asia and ZWC Ventures, as well as existing backers including Insignia Ventures, Beenext and Skystar Capital, Ritase… Continue reading Indonesian trucking startup Ritase raises $8.5m Series A led by Golden Gate
China’s Didi removes 300,000 drivers amid safety overhaul
2018 was the year when Didi Chuxing, the ride-hailing company that defeated Uber in China, vowed to put safety ahead of rocket-ship growth after two deadly passenger incidents. One way it works to ramp up safety is a stricter vetting process for drivers. The mobility giant said Tuesday to a group of media that it… Continue reading China’s Didi removes 300,000 drivers amid safety overhaul