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The Station: The lidar SPAC craze and 10 investors give their mobility predictions

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.  Hi friends and new readers, welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. Before you get to reading The Station, a small update for you. As transportation editor — a new title I gained last month — I am focused on building a team and deepening our co...
Tags: Google, Transportation, Facebook, New York, Dick Costolo, California, New York City, Los Angeles, Tech, Bloomberg, Automotive, Porsche, Gm, Starwood, Silicon Valley, Bmw


Electric moped startup Revel launches an EV charging business

Revel, the shared electric moped startup, is building a DC fast-charging station for electric vehicles in New York City, the first in a new business venture that will eventually spread to other cities. The company said Wednesday that this new “Superhub,” which is located at the former Pfizer building in Brooklyn, will contain 30 chargers and be open to the public 24 hours a day. This will be the first in a network of Superhubs opened by Revel across New York City, the company said. Revel didn’t ...
Tags: Transportation, Washington, New York City, San Francisco, Tech, Tesla, Austin, Automotive, Brooklyn, Queens, Manhattan, Pfizer, Bronx, Oakland, Revel, VW Group


The Station: Uber’s 2020 evolution and QuantumScape’s big breakthrough

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hi friends and new readers, welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. This year has delivered turmoil, volatility and pain along with some unexpected bright spots, a flood of M&A deals, venture raises and of course, SPACs. In the next few edition...
Tags: Google, Amazon, Uber, Spacex, Elon Musk, Texas, California, Stanford, China, Softbank, San Francisco, Tech, Tesla, Automotive, United States, Ford


Revel pulls electric mopeds after failing to make a dent in Austin’s car culture

Shared electric moped startup Revel said Friday that it will shut down its service in Austin later this month. The startup’s CEO and co-founder Frank Reig didn’t place the entire blame on the COVID-19 pandemic, which has caused ridership to fall across shared micromobility services as well as public transit, for the company’s decision. Instead, Reig cited the combination of Austin’s “deep-rooted” car culture, which has only become further engrained during COVID. The service will shut down in ...
Tags: Transportation, New York, Washington, Tech, Austin, Automotive, Brooklyn, Queens, Manhattan, Bronx, Oakland, Revel, Austin Miami, Toyota AI Ventures, Frank Reig, Paul Suhey


The Station: Winners and losers in Paris, Rivian sets a delivery date, Waymo and FCA deepen ties

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox.  Hello and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. It’s that whacky time of year when the heavens open and earnings fall from the sky, giving us precious insight into publicly traded companies. Over at TechCrunch we closely follow startups; we ...
Tags: Google, Amazon, Transportation, Facebook, Hong Kong, Europe, Florida, Texas, London, China, Berlin, Israel, Los Angeles, Tech, General Motors, Tesla


Revel lands permit to bring hundreds of electric mopeds to San Francisco

Shared electric moped startup Revel received a permit that will allow it to operate in San Francisco, beginning in August. The startup will start with a fleet of 432 mopeds featuring a new paint scheme and a more powerful engine to help riders get up and over the city’s infamously steep hills. For now, the service area will cover certain neighborhoods of San Francisco, including Cow Hollow, Dogpatch, Financial District, Golden Gate Heights, Haight-Ashbury, Mission District, Outer Mission,Pac...
Tags: Transportation, San Francisco, Tech, Automotive, Brooklyn, Electric Vehicles, Manhattan, Oakland, Revel, Toyota AI Ventures, U S DOT, Shared Mobility, Frank Reig, Paul Suhey, Queens Revel, Austin Austin Miami Washington D C


Joby Aviation raises $590 million led by Toyota to launch an electric air taxi service

Joby Aviation has raised a $590 million Series C round of funding, including $394 million from lead investor Toyota Motor Corporation, the company announced today. Joby is in the process of developing an electric air taxi service, which will make use of in-house developed electric vertical take-off and landing (eVTOL) aircraft that will in part benefit from strategic partner Toyota’s vehicle manufacturing experience. This brings the total number of funding in Joby Aviation to $720 million, an...
Tags: TC, Transportation, California, China, Tech, Companies, Automotive, Aviation, Toyota, Airbus, Manufacturing, Aerospace, Intel Capital, Federal Aviation Administration, Santa Cruz, Vtol


Electric moped startup Revel could expand to Texas next

Revel, the New York-based shared electric moped startup, appears to be preparing to expand into Texas, according to job listings first spotted and reported by Thinknum Alternative Data. The expansion into Texas would be Revel’s fourth market and its first west of the Mississippi River, a move that would be consistent with comments CEO and co-founder Frank Reig made earlier this week to TechCrunch. Revel, which launched in 2018, has more than 1,400 mopeds in Washington, D.C., and Brooklyn and Que...
Tags: TC, Transportation, Florida, New York, Texas, California, Washington, Tech, Automotive, Brooklyn, Electric Vehicles, Arizona, Revel, Scooter, Electric Scooters, Mississippi River


Electric moped startup Revel raises $27.6 million as it eyes new markets

In less than two years, Revel has gone from an idea to a shared electric vehicle startup with more than 1,400 mopeds across Washington D.C., and Brooklyn and Queens, New York. Now, it’s ready to grow up — and beyond these three cities — with a fresh injection of $27.6 million in capital raised in a Series A round led by Ibex Investors. The equity round included newcomer Toyota AI Ventures and further investments from Blue Collective, Launch Capital and Maniv Mobility. The capital will, as ...
Tags: Transportation, Europe, New York, Washington, San Francisco, Tech, Automotive, Brooklyn, Queens, San Diego, Buenos Aires, Revel, Scooter, Buenos Aires Argentina, Department of Motor Vehicles, Queens New York


Fresh off a $530M round, Aurora acquires lidar startup Blackmore

Aurora, the self-driving car startup backed by Sequoia Capital and Amazon, is in an acquiring mood. The company, founded in early 2017 by Chris Urmson, Sterling Anderson and Drew Bagnell, announced Thursday that it acquired lidar company Blackmore. The Blackmore purchase follows another smaller, and previously unknown acquisition of 7D Labs that occurred earlier this year, TechCrunch has learned. 7D, founded by former software engineer from Pixar animation Magnus Wrenninge, is a simulat...
Tags: Amazon, Transportation, Elon Musk, Tech, Tesla, Ceo, Automotive, Silicon Valley, Bmw, Pixar, Sequoia Capital, Lidar, Self-driving Car, Cto, Emerging-technologies, Chris Urmson


Toyota AI Ventures doubles down with a second $100 million for mobility startups

Toyota AI Ventures (TAIV) announced a second $100 million investment fund - Toyota AI Ventures Fund II - dedicated to early-stage autonomous mobility and robotics startups. Toyota uses TAIV to stay ahead as the world of mobility changes. The post Toyota AI Ventures doubles down with a second $100 million for mobility startups appeared first on Digital Trends.
Tags: News, Cars, Trends, Mobility, Toyota, Toyota AI Ventures, Toyota AI, Toyota AI Ventures TAIV


Toyota AI Ventures launches $100M fund to invest in robotics and autonomous tech

Toyota AI Ventures, a subsidiary of Toyota Research Institute, has a new $100 million fund that will focus on finding and investing in early-stage robotics and autonomous technology startups. This second fund, aptly dubbed Fund II, brings the firm’s total assets under management to more than $200 million. “The growing interest in automated systems has created great opportunities to improve human lives using AI and next-generation mobility technology,” said Dr. Gill Pratt, chief executive o...
Tags: Transportation, Tech, Artificial Intelligence, Automotive, Gill Pratt, Toyota Research Institute, Adler, TRI, NAUTO, Intuition Robotics, Toyota AI Ventures, Jim Adler, May Mobility, Joby Aviation


The Investments Cisco, Samsung, Toyota, and Chevron Are Making in AI

Austin—If you’re a startup talking up your artificial intelligence chops in your venture capital pitch, you’re not alone.For Cisco Investments, the venture arm of tech giant Cisco, artificial intelligence is no longer one of the key trends to watch for during pitches in 2019. That’s according to Noah Yago, a director at Cisco Investments, who said the firm did list it as a trend to watch in 2017 and 2018. Part of the issue is saturation, he said.“Our view is that we’re sort of at peak oil for A...
Tags: Google, Auto, Startups, Facebook, Texas, Technology, Trends, Startup, Tech, Investing, Cisco, Car, Vc, Artificial Intelligence, Software, Austin


May Mobility raises $11.5 million to deploy self-driving shuttle fleets

 Michigan-based startup May Mobility, which is trying to swap out current transportation options for corporate and other clients with self-driving small shuttles, has raised $11.5 million in sed funding from investors including BMW i Ventures and Toyota AI Ventures, along with existing investors. The round comes just about a year into the company’s launch, and 2018 will also see May… Read More
Tags: TC, Transportation, Business, Tech, Economy, Automotive, Michigan, Toyota, Bmw, Startup Company, Autonomous Car, Ventures, Toyota AI Ventures, May Mobility



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