Ola, Uber’s chief rival in India, is planning to go public potentially as soon as in three years time, according to its CEO. Co-founder and chief executive officer Bhavish Aggarwal told the audience at an event in Bengaluru last week that seven-year-old Ola is poised to become a cash flow positive business — having recently hit operational… Continue reading Uber’s Indian rival Ola is aiming for an IPO in 3-4 years
Tag: Mobility
Stagecoach gives trial to UK’s first full-sized driverless bus
Stagecoach Single-decker will run autonomously only in depots until laws allow passengers Even on the road with a driver, the bus could be safer for other road users, with the sensor system able to give more warning of cyclists or pedestrians. Photograph: Ant Clausen Photography/Stagecoach A full-sized driverless bus will be given a trial for… Continue reading Stagecoach gives trial to UK’s first full-sized driverless bus
Magna-BAIC deal raises prospects for an ‘automotive Foxconn’ in China
July 23, 2018 In China, where the future of the car is looking more and more electric, newcomers to the auto industry are looking for partners to help them build their vehicles. Enter Canadian auto supplier Magna International which aims to spearhead a shift to contract vehicle manufacturing through its new partnership with state-owned Chinese… Continue reading Magna-BAIC deal raises prospects for an ‘automotive Foxconn’ in China
Waymo’s self-driving cars log 1 million miles on public roads in a month
Waymo, the Alphabet self-driving car company that was spun out of Google, is picking up speed.
Waymo’s autonomous cars have driven 8 million miles on public roads
Waymo, the self-driving unit of Google parent company Alphabet, has hit another milestone: 8 million miles driven on public roads. That translates into roughly 25,000 miles driven every day, which is light-years ahead of the company’s competitors and is the result of Google’s very early investment in self-driving technology. The news was delivered by the… Continue reading Waymo’s autonomous cars have driven 8 million miles on public roads
Uber just hinted it could be in serious trouble if it doesn’t conquer the market for electric bikes and scooters
Electric-scooter sharing startups are racing to become as dominant as Uber or Lyft in this wacky and well-funded transportation business that’s revolutionizing transit in America. At the same time, Uber is learning that it may need to end up dominating scooter-sharing, before companies like Bird, Lyft, and Ofo cannibalize its core car-hailing business. On Thursday,… Continue reading Uber just hinted it could be in serious trouble if it doesn’t conquer the market for electric bikes and scooters
‘Dunno where this bs came from’: Elon Musk slams claims that Tesla Model 3 cancellations are outpacing deposits (TSLA)
Tesla, CEO Elon Musk took to Twitter on Thursday night to dispute rumors that Model 3 cancellations are outpacing orders. The move came after Needham & Co., a New York-based investment bank, downgraded Tesla shares from hold to sell. Needham’s report, which included several reasons for taking a bearish position on Tesla, specifically cited, “slower… Continue reading ‘Dunno where this bs came from’: Elon Musk slams claims that Tesla Model 3 cancellations are outpacing deposits (TSLA)
Waymo’s autonomous vehicles are driving 25,000 miles every day
Waymo, the former Google self-driving project that spun out to become a business under Alphabet, has driven 8 million miles on public roads using its autonomous vehicles. Waymo CEO John Krafcik shared the company’s milestone Friday while on stage with Nevada Gov. Brian Sandoval at the National Governors Association conference in Santa Fe, New Mexico. The figure… Continue reading Waymo’s autonomous vehicles are driving 25,000 miles every day
SoftBank-backed Mapbox targets ride-hailing, self-driving cars
July 20, 2018 Mapbox Inc., backed by SoftBank Group Corp., says it has a role to play in Masayoshi Son’s vision for ride-hailing and autonomous cars. The provider of mapping data for Tinder, Evernote and Facebook Inc. in October raised $164 million in a funding round led by the SoftBank Vision Fund. The infusion was… Continue reading SoftBank-backed Mapbox targets ride-hailing, self-driving cars
Uber’s CEO Faces an Impossible Decision
Of all the management mistakes that led to Uber’s culture and business crisis, Travis Kalanick’s biggest mistake was that he kept a tight inner circle of executives, for whom bad behavior appeared to have no consequences. The most egregious example of this anything-goes leadership culture was in 2014, when Emil Michael, then Uber’s senior vice… Continue reading Uber’s CEO Faces an Impossible Decision