Moves, a Toronto, Canada-based provider of a banking app exclusively for gig workers, raised $5.M in Seed funding. The round was led by Omers Ventures, with participation from Panache Ventures and N49P Ventures. The company intends to use the funds to expand operations and its development efforts. Led by CEO Matthew Spoke, Moves is the… Continue reading Moves Raises $5M in Seed Funding
Tag: Lyft
AvantStay Appoints David Katcher as New Chief Operating Officer
In his new role at AvantStay, Katcher is responsible for the end-to-end owner and guest experience. Katcher and his team ensure all aspects of AvantStay’s operations—from onboarding a new home, to the overall guest experience from booking to check-out—work seamlessly and deliver on the brand’s overall standards and promise. As part of the executive team,… Continue reading AvantStay Appoints David Katcher as New Chief Operating Officer
Hyundai plans to spend $10B on EVs, AVs and robotics in the US by 2025
Hyundai said it plans to invest more than $10 billion toward accelerating electrification and autonomous vehicle technology in the U.S. by 2025. Part of that pot includes the $5.5 billion Hyundai has earmarked for its new EV plant and battery manufacturing facility in Georgia announced Friday. Non-affiliated suppliers are contributing another $1 billion into that… Continue reading Hyundai plans to spend $10B on EVs, AVs and robotics in the US by 2025
Argo AI is testing fully driverless vehicles in Miami and Austin
The latest self-driving startup to allow its vehicles to roam the streets without a human minder is Argo AI, the startup backed by Ford and Volkswagen. Last week, the company announced that it is testing its fully driverless vehicles in Miami, Florida, and Austin, Texas. Argo employees will ride in the passenger seat of the… Continue reading Argo AI is testing fully driverless vehicles in Miami and Austin
Argo AI launches driverless autonomous vehicle testing in Miami, Austin
Argo AI, the autonomous vehicle technology company backed by Ford and Volkswagen, is launching driverless testing operations in Miami and Austin, a significant milestone for the startup that illustrates its progress toward commercialization. Argo’s announcement Tuesday follows a period of consolidation within the industry that has left just a handful of large, capital-rich companies in… Continue reading Argo AI launches driverless autonomous vehicle testing in Miami, Austin
Argo AI Begins Driverless Vehicle Operations in Miami & Austin
“Argo is first to go driverless in two major American cities, safely operating amongst heavy traffic, pedestrians and bicyclists in the busiest of neighborhoods,” said Bryan Salesky, Founder and CEO, Argo AI. “From day one, we set out to tackle the hardest miles to drive — in multiple cities — because that’s where the density… Continue reading Argo AI Begins Driverless Vehicle Operations in Miami & Austin
European micromobility startup Reby acquired by PE player House of Lithium for $100M
Founded in 2018, European micromobility startup Reby took an interesting path. It deployed e-scooters in the city of Zaragoza (Spain), during the COVID-19 pandemic, but also created a SaaS-oriented “MaaS” (mobility-as-a-service) platform. It then won 18 agreements with public administrations for e-mobility across Italy and Spain, slightly under the radar compared with large, well-funded players… Continue reading European micromobility startup Reby acquired by PE player House of Lithium for $100M
Uber to cut costs, slow down hiring to turn lean, CEO tells employees
Uber Technologies Inc will scale back hiring and reduce expenditure on its marketing and incentive activities, CNBC reported on Monday, citing a letter from Chief Executive Officer Dara Khosrowshahi. The ride-hailing company becomes the latest to rein in costs to have a lean investment model, after Facebook-owner Meta Platforms Inc said last week it would slow down the growth of its workforce. Khosrowshahi… Continue reading Uber to cut costs, slow down hiring to turn lean, CEO tells employees
Ford focuses on middle mile in autonomous transportation
The manufacturer Ford and its startup Argo AI want to take on the middle mile. Cargo shipments are divided into three sections: the first, middle and last mile. The last mile means delivery to customers, the middle mile to the distribution center before and the first mile is from production to the distribution center for… Continue reading Ford focuses on middle mile in autonomous transportation
The Station: Jeep’s road to EVs, Musk’s great big distraction and a last call for mobility founders
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. I… Continue reading The Station: Jeep’s road to EVs, Musk’s great big distraction and a last call for mobility founders