Cruise, a unit of General Motors with investment from Honda, revealed a new “not a concept” self-driving vehicle last week. The vehicle is custom designed for self driving, with large sliding doors, electric drive and face-to-face seating. Cruise CEO Dan Ammann outlined their vision for the vehicle and it has much in common with the robotaxi vision… Continue reading Cruise’s New ‘More Than A Concept’ Robotaxi Presages A Battle With Zoox – Forbes
Tag: Didi
Nio-backed ride-hailing app Dida looking to raise $300 million
Jan 17, 2020 2 min read (Image credit: Dida Chuxing) Chinese ride-hailing platform Dida Chuxing is seeking up to $300 million in pre-IPO funding from investors including Tencent, Chinese media reported Thursday. Why it matters: Beijing-based Dida is the second-largest ride-hailing service in China and one of the few to say it is profitable. If able… Continue reading Nio-backed ride-hailing app Dida looking to raise $300 million
Bolt raises €50M in venture debt from the EU to expand its ride-hailing business
Bolt, the billion-dollar startup out of Estonia that’s building a ride-hailing, scooter and food delivery business across Europe and Africa, has picked up a tranche of funding in its bid to take on Uber and the rest in the world of on-demand transportation. The company has picked up €50 million (about $56 million) from the European… Continue reading Bolt raises €50M in venture debt from the EU to expand its ride-hailing business
Xpeng Motors Partners with Car Rental Platform
Xpeng Motors, an electric vehicle company, has partnered with Xiaoju Car Service, a car rental and maintenance service platform backed by Didi Chuxing. This partnership will form a smart mobility ecosystem, including online car rental, long-term car rental, charging, and auto maintenance services. The Xpeng-Xiaoju Chinese Lunar New Year car rental service launched in Hangzhou… Continue reading Xpeng Motors Partners with Car Rental Platform
NVIDIA’s TensorRT 7 improves the compiler for conversational AI models
A partnership with Didi Chuxing and new autonomous driving solutions weren’t the only things Nvidia announced at its GPU Technology Conference in Suzhou today. The chip firm took the opportunity to introduce TensorRT 7, the newest release of its platform for high-performance deep learning inference on graphics cards, which ships with an improved compiler optimized… Continue reading NVIDIA’s TensorRT 7 improves the compiler for conversational AI models
Blacklane is on the road to building a profitable on-demand transportation platform
Like it or loathe it, Uber changed the face of modern urban transportation by providing a relatively pain-free way to order a car to take you from A to B. But the company’s growth has done more than catapult Uber into the ranks of the biggest (and most-watched) tech companies: it’s helped open the door… Continue reading Blacklane is on the road to building a profitable on-demand transportation platform
Didi Chuxing Teams with NVIDIA for Autonomous Driving and Cloud Computing
SUZHOU, China, Dec. 17, 2019 (GLOBE NEWSWIRE) — GTC China — NVIDIA and Didi Chuxing (DiDi), the world’s leading mobile transportation platform, today announced that DiDi will leverage NVIDIA GPUs and AI technology to develop autonomous driving and cloud computing solutions.DiDi will use NVIDIA® GPUs in the data center for training machine learning algorithms and NVIDIA… Continue reading Didi Chuxing Teams with NVIDIA for Autonomous Driving and Cloud Computing
Singapore’s Neuron Mobility raises $18.5M to bring its electric scooters to more international markets
Neuron Mobility, a Singapore-based startup, has closed an $18.5 million new financing round as it looks to scale its e-scooter startup in international markets – a month after the nation introduced difficult regulatory changes. The new financing round, dubbed Series A, was funded by GSR Ventures, a venture capital firm that was the first institutional… Continue reading Singapore’s Neuron Mobility raises $18.5M to bring its electric scooters to more international markets
A look at Latin America’s emerging fintech trends
Thiago Paiva Contributor Thiago is a fintech entrepreneur, investor, and columnist. He is currently a product leader at Oyster, a neobank for SMEs in Latin America. More posts by this contributor The battle to become the Mexican Nubank just started The emergence of super apps in Latin America Although the 2008 global financial crisis sparked… Continue reading A look at Latin America’s emerging fintech trends
Europe’s youngest unicorn founder quietly built a $1 billion Uber rival. He explains why Uber’s winner-takes-all strategy is wrong.
Youth is no barrier for the best entrepreneurs, but it can take a long time to convince investors that their view of the market is wrong.Uber, Bolt’s main rival, raised $20 billion before its public float this year to essentially outspend the competition and dominate the markets in which it operates.To date, the firm has raised $244 million, significantly less rivals, from investors including German carmaker Daimler, Chinese ride-hailing giant Didi Chuxing, and Swedish investors Creandum.