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
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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
Union.ai Raises $10M in Seed Funding
Clockwise from front left: CTO Haytham Abuelfutuh, Software Engineer Yee Hing Tong, COO George Snelling, Software Engineer Katrina Rogan and CEO Ketan Umare (PRNewsfoto/Union.ai) Union.ai, a Bellevue, Wash.-based provider of an open source workflow orchestration platform, closed a $10m seed funding round. The round was led by NEA with additional participation from a select group of… Continue reading Union.ai Raises $10M in Seed Funding
Toyota joins Tesla in developing self-driving tech with low-cost cameras, article with gallery
San Francisco, April 6 (Reuters) – Toyota Motor (7203.T) unit Woven Planet has joined Tesla Inc (TSLA.O) in trying to advance self-driving technology without expensive sensors such as lidars. Woven Planet told Reuters it is able to use low-cost cameras to collect data and effectively train its self-driving system, a “breakthrough” that it hopes will… Continue reading Toyota joins Tesla in developing self-driving tech with low-cost cameras, article with gallery
German FAZ: Robotaxis profitable from 2030002967
Reuters. Hamburg ⋅ The Volkswagen commercial vehicle division (VWN) wants to make money with mobility services and robot taxis by the end of the decade. Calculated across all services, the business area around autonomous driving and the associated services should then generate a return on sales of over ten percent, said division head Carsten Intra… Continue reading German FAZ: Robotaxis profitable from 2030002967
The Station: Uber seals a deal with NYC taxis, Aurora rolls into ride-hailing and LG Energy invests in North America
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. Transportation editor Kirsten Korosec was out for a few days this week, so I’m here (Rebecca Bellan) to give you all the important future of transportation news that… Continue reading The Station: Uber seals a deal with NYC taxis, Aurora rolls into ride-hailing and LG Energy invests in North America