Tag: Mobility

UPDATE 2-Continental AG restructures, prepares Powertrain for 2019 IPO

FRANKFURT (Reuters) – German auto supplier Continental (CONG.DE) on Wednesday said it will list its Powertrain unit as early as mid-2019 as part of a broader restructuring in response to far-reaching shifts in the auto industry towards electric and self-driving technologies. FILE PHOTO: Flags of German tyre company Continental are seen before the annual news… Continue reading UPDATE 2-Continental AG restructures, prepares Powertrain for 2019 IPO

Coast Autonomous’ self-driving shuttles are boring, and that’s by design

Between 47th and 48th streets in the heart of Times Square, Coast Autonomous, a startup based in Pasadena, California, today showed off the fruit of its six-year research project: a slow-moving, self-driving shuttle designed to ferry folks from destination to destination at speeds of around 25 miles per hour. I stopped by and hitched a… Continue reading Coast Autonomous’ self-driving shuttles are boring, and that’s by design

Ridecell New Mobility Cloud Powers the All-New ReachNow App Integrating Carsharing and Ridesharing

SAN FRANCISCO, July 18, 2018 /PRNewswire/ — Ridecell Inc., the platform of choice for leading carsharing, ridesharing, and autonomous fleet operators, today announced that its new mobility cloud service is powering the new ReachNow App, which makes ReachNow the first company in the world to operate both car sharing and ride hailing services within a… Continue reading Ridecell New Mobility Cloud Powers the All-New ReachNow App Integrating Carsharing and Ridesharing

Driverless car start-up Zoox raises $500m in new funding

Driverless car start-up Zoox raises $500m in new funding  Financial Times Self-driving car startup Zoox is raising $500 million at a $3.2 billion valuation  TechCrunch Secretive $4.3 billion Aussie startup Zoox raises “unprecedented” $675 million Series B, backed by Atlassian’s Mike …  SmartCompany.com.au Full coverage Go to Source Go to Source

Self-driving car startup Zoox is raising $500 million at a $3.2 billion valuation

Zoox, a once-secretive self-driving car startup, is closing a $500 million at a $3.2 billion post-money valuation, Bloomberg Businessweek reports. Prior to the deal, Zoox was valued at $2.7 billion, Zoox confirmed to TechCrunch. The round, led by Mike Cannon-Brookes of Grok Ventures, brings its total amount of funding to $800 million. Zoox’s plan, according… Continue reading Self-driving car startup Zoox is raising $500 million at a $3.2 billion valuation

Why Lyft President John Zimmer Thinks Scooters and Bikes Are Special

Lyft’s plan to change how people get to the grocery store and commute to work involves scooters and bicycles. Lyft co-founder and president John Zimmer said Tuesday at Fortune’s Brainstorm Tech Conference in Aspen, Colo. that his company’s mission has always been about providing an alternative to car ownership. And in some cases, “a bike… Continue reading Why Lyft President John Zimmer Thinks Scooters and Bikes Are Special

BMW’s Launching an Uber Competitor in Seattle

In this wacky new world of bike shares, electric scooters, OneWheels, and transit apps, automotive companies aren’t quite famous for their inspired, innovative business moves. But today, BMW is sending up the industry’s latest trial balloon. And it’s headed straight for airspace currently occupied by Uber and Lyft. Starting today, the automaker’s ReachNow arm, which… Continue reading BMW’s Launching an Uber Competitor in Seattle

Booking.com owner backs Chinese Uber rival Didi with $500m

The US owner of Booking.com has backed Chinese ride-hailing app Didi Chuxing to the tune of $500m (£380m) as the company eyes making in-roads into Western markets. Booking.com and other travel sites will now offer integration with Didi, presenting a way for Western travelers and tourists to book rides using the Chinese app which offers a… Continue reading Booking.com owner backs Chinese Uber rival Didi with $500m

UK joins project for autonomous vehicle platform that can find potholes

Two UK road authorities and Jaguar Land Rover are contributing to a global research project intended to develop a system that could enable autonomous vehicles to spot potholes. Using a platform created by connected tech and transport analytics firm Inrix, JLR, Transport Scotland and Transport for West Midlands will contribute to the development of the AV Road Rules… Continue reading UK joins project for autonomous vehicle platform that can find potholes