Waymo plans to start commercial, driverless service in Phoenix this year. (Photo: Waymo) The first U.S. commercial ride-hailing service without human drivers has been approved. Waymo, a unit of Alphabet Inc., got a permit in late January from the Arizona Department of Transportation to operate as a Transportation Network Company, according to Ryan Harding, a… Continue reading Waymo gets OK for driverless ride-hailing service
Tag: Mobility
Uber is reportedly preparing to sell its Southeast Asian business to Grab
Uber is preparing to sell its Southeast Asian business to Grab in exchange for a stake in the Singaporean ride-sharing company that has a big presence in that region, according to a new report from CNBC. This wouldn’t be an unfamiliar story for Uber, which was handily beaten by Didi in China before eventually caving… Continue reading Uber is reportedly preparing to sell its Southeast Asian business to Grab
Toyota Design Chief Says the Future of Cars Is Custom Speedsters and Rolling Boxes
The man with the final word on design at one of the world’s biggest automakers sees a future dominated by self-driving boxes-on-wheels and souped-up sports cars. For Simon Humphries, who as of this year oversees design globally across Toyota Motor’s namesake and luxury Lexus brands, mobility will follow two divergent paths. One is the e-Palette,… Continue reading Toyota Design Chief Says the Future of Cars Is Custom Speedsters and Rolling Boxes
Self-Driving Cars Need Standardized Software to Avoid Crashes
Fans of self-driving cars will have breathed a sigh of relief at the news that Uber and Google’s Waymo, two giants in the industry, have settled their intellectual-property lawsuit. This removes a huge distraction for companies, and freeing them up to focus on their own research. So that’s good. Driverless cars will be an incredible… Continue reading Self-Driving Cars Need Standardized Software to Avoid Crashes
Uber’s losses narrowed in Q4, but there’s still work to do
This story was delivered to BI Intelligence Transportation and Logistics Briefing subscribers hours before it appeared on Business Insider. To be the first to know, please click here. US ride-hailing giant Uber revealed its Q4 and full-year 2017 financials earlier this week. Below are some of the highlights: The company’s losses narrowed nearly 25% from $1.46 billion in… Continue reading Uber’s losses narrowed in Q4, but there’s still work to do
Limebike Raises $70M B+ Round As Bike Sharing Competition Intensifies
US-based bike sharing company LimeBike has raised a US$70 million B+ round, the company announced today. The funds will suppport the company’s expansion beyond its core bike rental business, to include electric bikes and scooters, differentiating it from Chinese bike sharing giants such as Mobike and ofo. California-based Fifth Wall Ventures led the funding round, which brings… Continue reading Limebike Raises $70M B+ Round As Bike Sharing Competition Intensifies
Mahindra to Invest in Zoomcar
Mahindra to Invest in Zoomcar Investment in keeping with Mahindra’s thrust on Shared Mobility Business To invest up to Rs 176 crore February 15, 2018 Mumbai: Mahindra & Mahindra Ltd., part of the USD 19 billion Mahindra Group, today announced that it would be investing in Zoomcar India Private Limited and in Zoomcar Inc., its… Continue reading Mahindra to Invest in Zoomcar
Denso strengthens connectivity business, takes stake in Creationline
Denso Corporation has taken an equity stake in Japanese company Creationline, which excels at deploying and integrating cloud and other technologies that enable next-generation software development, including open source software. The auto industry is undergoing a once-in-a-century paradigm shift. Competition continues to intensify as new players from other industries enter the market and as speed… Continue reading Denso strengthens connectivity business, takes stake in Creationline
Faraday Future: Money & Partners
The startup Faraday Future has found new money and partners for the further development of the FF91. Faraday Future wants to push with an autonomous luxury e-car on the market and thus especially against Tesla compete. That failed in the meantime at the high costs. Now you have obviously found money and cooperation partners. Screenshot… Continue reading Faraday Future: Money & Partners
Mahindra & Mahindra to take 16 percent stake in Zoomcar
In November 2017, Mahindra Electric and Zoomcar launched 20 Mahindra e20 PLus EVs for hire by residents and visitors in Mysore. Mahindra & Mahindra (M&M) has announced that it is to invest in Zoomcar India and in Zoomcar Inc, its US incorporated holding parent company, in line with the automaker’s thrust on the shared mobility… Continue reading Mahindra & Mahindra to take 16 percent stake in Zoomcar