Autos


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Velodyne becomes latest tech company to go public using a SPAC, eschewing the traditional IPO path

Velodyne Lidar, the leading supplier of a sensor widely considered critical to the commercial deployment of autonomous vehicles, said Thursday it has struck a deal to merge with special-purpose acquisition company Graf Industrial Corp., with a market value of $1.8 billion. The company said it was able to raise $150 million in private investment in public equity, or PIPE, from new institutional investors as well as existing shareholders of Graf Industrial. Through the transaction, Velodyne will h...
Tags: Google, Transportation, Tech, Automotive, Ford, Autonomous Vehicles, Baidu, Nasdaq, Lidar, Hall, Kfc, Nyse, David Hall, SPAC, Nikon Corp, Vella


Ford taps Disney Media Works to mark the return of the Bronco SUV

Ford is teaming up with Disney Media Networks to mark the return of its iconic Bronco SUV through a series of short films that will be broadcast across a number of cable and digital properties including ABC, ESPN, National Geographic and Hulu. The strategy — prompted by COVID-19 shutdowns — is a departure for Ford, which has traditionally revealed new vehicles at auto shows or other in-person media events. More than three years ago, Ford announced it was bringing back the Bronco after years o...
Tags: Transportation, Instagram, Abc, Disney, America, Tech, Automotive, Ford, Espn, Hulu, Ford Bronco, Chin, Detroit Ford, Kip Moore, Bronco, YouTube FaceBook Instagram


TuSimple kicks off plan for a nationwide self-driving truck network with partners UPS, Xpress and McLane

Self-driving trucks startup TuSimple laid out a plan Wednesday to create a mapped network of shipping routes and terminals designed for autonomous trucking operations that will extend across the United States by 2024. UPS, which owns a minority stake in TuSimple, carrier U.S. Xpress, Penske Truck Leasing and Berkshire Hathaway’s grocery and food service supply chain company McLane Inc. are the inaugural partners in this so-called autonomous freight network (AFN). TuSimple’s AFN involves four ...
Tags: TC, Transportation, Asia, Europe, Los Angeles, Tech, UPS, Automotive, United States, Dallas, Berkshire Hathaway, Autonomous Vehicles, Morgan Stanley, Jacksonville, Self-driving Trucks, Southwest


Tesla blows past Toyota to become most valuable automaker in the world

In 10 years, Tesla has gone from public market newbie to the most valuable automaker in the world by market value. The electric automaker had long since passed the valuations of Ford and GM and in January became the most valuable U.S. automaker ever when its market cap hit $81.39 billion. Still, a few automakers remained ahead of Tesla. Until today. Tesla shares popped Wednesday after the market opened, rising nearly 4% to $1,129.18 — hitting a new 52-week high. The company’s market capitaliz...
Tags: Transportation, Elon Musk, Tech, Tesla, Automotive, Ford, Gm, Toyota, FactSet, Tesla Until


Daimler-backed Momenta says its robotaxis will be fully driverless and profitable in 2024

In China and the U.S., there’s much debate about when and how humans will achieve fully autonomous robotaxis at scale — cars that chauffeur passengers under complex road conditions without safety drivers behind the wheel. Many pieces are needed to make this happen: mammoth amounts of test data, advanced algorithms, strong operational teams, big checks from investors, local policy support, to name a handful. Until that day arrives, the bold claims from players in the field seem mostly out of reac...
Tags: TC, Transportation, Asia, Elon Musk, Microsoft, China, Softbank, Tech, Tesla, Artificial Intelligence, Beijing, Automotive, Shanghai, Toyota, Autonomous Vehicles, Baidu


Lyft’s self-driving test vehicles are back on public roads in California

Lyft’s self-driving vehicle division has restarted testing on public roads in California, several months after pausing operations amid the COVID-19 pandemic. Lyft’s Level 5 program said Tuesday some of its autonomous vehicles are back on the road in Palo Alto and at its closed test track. The company has not resumed a pilot program that provided rides to Lyft employees in Palo Alto. The company said it is following CDC guidelines for personal protective equipment and surface cleaning. It has ...
Tags: TC, Transportation, Lyft, California, Cdc, Tech, Palo Alto, Automotive, United States, Autonomous Vehicles, California Department of Motor Vehicles, Robert Morgan, Waymo, Self Driving Vehicles, London Munich, Sameer Qureshi


The Station: Amazoox, TuSimple seeks $250M and the next e-scooter battleground

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 first-time 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. I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. Remember please reach out and email me at [email protected] to share thoughts, ...
Tags: Apple, Amazon, Transportation, Lyft, Uber, Elon Musk, UK, California, Oregon, Saudi Arabia, China, New York City, Tech, Information, Tesla, Ars Technica


Waymo, Volvo partner to develop electric robotaxis

Waymo’s self-driving software footprint is expanding — this time in a partnership with Volvo Car Group. The two companies announced Thursday an “exclusive” partnership to integrate Waymo’s self-driving software into a new electric vehicle designed for ride-hailing. Volvo and Waymo provided few details on the partnership and what this might actually look like except that the companies “will first work together to integrate the Waymo Driver into an all-new mobility-focused electric vehicle plat...
Tags: TC, Transportation, Uber, Japan, France, Tech, Automotive, Electric Vehicles, Fca, Jaguar, Jaguar Land Rover, Autonomous Vehicles, Nissan, Volvo, Renault, Fiat Chrysler


DriveU.auto, a LiveU spinout, comes out of stealth with $4M

Teleoperators who remotely monitor and control autonomous vehicles rely on high-performance connectivity to transfer 4K video, multiple audio streams and other data. Even a skosh of latency, jitter or packet loss could spell disaster for a teleoperator intervening to help an autonomous sidewalk delivery bot or even a robotaxi. One Israeli startup, which spun out of video transmission technology company LiveU, has developed a connectivity platform aimed at ending unpredictable network behavior...
Tags: Startups, TC, Transportation, Tech, Automotive, United States, Cto, Francisco Partners, Zohar Zisapel, Cognata, Europe Israel Japan, Recent Funding, DriveUauto, LiveU, Alon Podhurst, Podhurst


Lyft is using data from its rideshare drivers to develop self-driving cars

Lyft is using data collected from drivers on its ride-hailing app to accelerate the development of self-driving cars. Lyft’s Level 5 self-driving car program is using the data to build 3D maps, understand human driving patterns and improve simulation tests — all tools needed to push their autonomous vehicle technology forward, according to a blog post on Tuesday. The program is taking data from select vehicles in its Express Drive program, which provides rental cars and SUVs to drivers on its...
Tags: TC, Transportation, Lyft, Tech, Palo Alto, Automotive, Autonomous Vehicles, Blue Vision Labs, Peter Ondruska, Luca Del Pero, Hugo Grimmett


Apple adds a dedicated biking feature to Maps in iOS 14

Apple’s newest version of iOS is bringing a host of new features to Maps, including a dedicated cycling option that will optimize paths for bicyclists and even let users know if the route includes challenging hills. Apple unveiled the new feature Monday at a virtual version of WWDC 2020, the company’s annual developer conference. Apple Maps has included public transit and walking in previous iterations. But the biking option has been the most requested, according to Apple senior director Stac...
Tags: Apple, Ios, Transportation, China, New York City, Events, Tech, Smartphones, Beijing, Automotive, Shanghai, Apple Maps, Operating Systems, Apple Inc, Mobile Software, San Francisco Bay Area


Tesla’s big battery event and shareholder meeting tentatively set for September 15

Tesla CEO Elon Musk has been hyping a potential battery day for quite a while now, and it looks like we should see it happen within the next few months – Musk said on Twitter that September 15 is the “tentative date” for the “Tesla Shareholder Meeting & Battery Day,” which will include the usual shareholder meeting as well as a tour of the automaker’s cell production system for the batteries that provide the power for its vehicles. The so-called ‘Battery Day’ has already run into a few delays...
Tags: TC, Transportation, Elon Musk, Science, China, Cars, Tech, Tesla, Ceo, Automotive, Transport, Epa, Environmental Protection Agency, Hyperloop, Tesla Model S, Musk


The Station: DoorDash snags $400M, Bolt Mobility deploys self-cleaning tech, and disappearing Jump bikes

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 first-time 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. I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. Let’s get straight to it this week. Remember please reach out and email me at kirsten.koro...
Tags: Apple, Transportation, Facebook, Lyft, Europe, Japan, UK, California, Southeast Asia, New York City, San Francisco, Tech, Automotive, Ford, House, Paris


The Station: Spin heads to Europe, Just Eat Takeaway gobbles up Grubhub and a drive in a Bentley Flying Spur

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 first-time 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. I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. COVID-19 hasn’t gone away, in case you were wondering. And yet, city, county and state gover...
Tags: Transportation, Europe, Japan, Texas, Stanford, China, India, Nigeria, Africa, Los Angeles, San Francisco, Tech, Tesla, Mit, Cruise, Automotive


Spin scooters head to Europe, starting with Germany

Spin has launched its scooter sharing business to Germany, the first step in the U.S. company’s plans to expand to Europe. The company, which was acquired by Ford in 2018 for about $100 million , has launched in Cologne and plans to open up in German cities Dortmund and Essen in the coming weeks. Spin said it’s also expanding its footprint in the U.S., starting with Atlanta. Other U.S. cities will follow, Spin said without providing more details.  Spin’s Europe expansion is part of a trend th...
Tags: Transportation, Europe, London, France, Germany, Tech, Atlanta, Cologne, Automotive, United States, Liverpool, Ford, United Kingdom, Paris, Amsterdam, Manchester


The Station: Bird spikes Circ in the Middle East, Kitty Hawk folds Flyer, Cruise attempts a hiring coup

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 first-time 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. I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. In the past two weeks, demonstrators have taken to the streets to protest police brutality f...
Tags: Google, Amazon, TC, Transportation, Facebook, Europe, Elon Musk, Washington, Ipo, Singapore, Softbank, Cowboy, Tel Aviv, Tech, Tesla, Paypal


The Station: Amazon eyes Zoox, Aurora goes back to school and Cabana hits the road

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 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. I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. The mobility world got busy this week. Really. busy. This is gonna be a long one, buckle up. Take a look at the most r...
Tags: Google, Amazon, TC, Transportation, Electric Vehicle, Facebook, Europe, Elon Musk, Youtube, China, Germany, Boston, India, Africa, Tech, Tesla


Uber’s latest feature lets riders book by the hour and make multiple stops

Uber is bringing a new feature to the U.S. that lets users book rides for $50 an hour and make multiple stops as the ride-hailing company tries to respond to changing consumer needs during the COVID-19 pandemic. The hourly booking feature, which is already available in a handful of international cities in Australia, Africa, Europe and the Middle East, will launch in a dozen U.S. cities beginning Monday. The product will be available in Atlanta, Chicago, Dallas, Houston, Miami, Orlando, Tampa ...
Tags: Transportation, Uber, Europe, Australia, Africa, Tech, Atlanta, Chicago, Automotive, Middle East, Dallas, Miami, Philadelphia, Orlando, Tampa Bay, Australia Africa Europe


Uber latest features lets riders book by the hour and make multiple stops

Uber is bringing a new feature to the U.S. that lets users book rides for $50 an hour and make multiple stops as the ride-hailing company tries to respond to changing consumer needs during the COVID-19 pandemic. The hourly booking feature, which is already available in a handful of international cities in Australia, Africa, Europe, and the Middle East, will launch in a dozen U.S. cities beginning Monday. The product will be available in Atlanta, Chicago, Dallas, Houston, Miami, Orlando, Ta...
Tags: Transportation, Uber, Europe, Australia, Africa, Tech, Atlanta, Chicago, Automotive, Middle East, Transport, Dallas, Miami, Philadelphia, Houston, Orlando


SoftBank led $500M investment in Didi in China’s biggest autonomous driving round

The race to automate vehicles on China’s roads is heating up. Didi, the Uber of China, announced this week an outsized investment of over $500 million in its freshly minted autonomous driving subsidiary. Leading the round — the single largest fundraising round in China’s autonomous driving sector — is its existing investor Softbank, the Japanese telecom giant and startup benefactor that has also backed Uber. The proceeds came through Softbank’s second Vision Fund, which was reportedly lagging...
Tags: TC, Transportation, Uber, Asia, California, China, Softbank, Tech, Beijing, Automotive, Automation, Shanghai, Alibaba, Transport, Baidu, Robotics


SoftBank pours $500M into Didi in China’s biggest autonomous driving round

The race to automate vehicles on China’s roads is heating up. Didi, the Uber of China, announced this week an outsized investment of over $500 million in its freshly minted autonomous driving subsidiary. Placing the bet — the single largest fundraising round in China’s autonomous driving sector — is its existing investor Softbank, the Japanese telecom giant and startup benefactor that has also backed Uber. The proceeds came through Softbank’s second Vision Fund, which was reportedly lagging i...
Tags: TC, Transportation, Uber, Asia, California, China, Softbank, Tech, Beijing, Automotive, Automation, Shanghai, Alibaba, Transport, Baidu, Robotics


Nuro’s self-driving vehicles to delivery prescriptions for CVS Pharmacy

Nuro, the autonomous robotics startup that has raised more than $1 billion from Softbank Vision Fund, Greylock and other investors, said Thursday it will test prescription delivery in Houston through a partnership with CVS Pharmacy. The pilot, which will use a fleet of the startup’s autonomous Toyota Prius vehicles and transition to using its custom-built R2 delivery bots, is slated to begin in June. The partnership marks Nuro’s expansion beyond groceries and into healthcare. Last month, t...
Tags: Transportation, California, Softbank, Sacramento, Tech, Walmart, Companies, Automotive, Toyota, Retailers, Houston, Cvs, CVS Pharmacy, Scottsdale, Kroger, Pharmacy


Nuro’s self-driving vehicles to deliver prescriptions for CVS Pharmacy

Nuro, the autonomous robotics startup that has raised more than $1 billion from Softbank Vision Fund, Greylock and other investors, said Thursday it will test prescription delivery in Houston through a partnership with CVS Pharmacy. The pilot, which will use a fleet of the startup’s autonomous Toyota Prius vehicles and transition to using its custom-built R2 delivery bots, is slated to begin in June. The partnership marks Nuro’s expansion beyond groceries and into healthcare. Last month, t...
Tags: Transportation, California, Softbank, Sacramento, Tech, Walmart, Companies, Automotive, Toyota, Retailers, Houston, Cvs, CVS Pharmacy, Scottsdale, Kroger, Pharmacy


The Station: Hertz files for bankruptcy, hailing “self-driving” scooters, Memorial Day travel

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 and welcome back to The Station. Memorial Day is this coming Monday, a holiday meant to honor military personnel who died while serving in the U.S. Armed Forces. Over the years, it has evolved for many Americans who use the three-day weekend to fire up the grill, go camping, head to the beach, local amusement park or take a road trip. I...
Tags: Amazon, Startups, Transportation, Europe, London, Berlin, India, Los Angeles, San Francisco, Atlanta, Tesla, Automotive, United States, Vw, Vehicles, Paris


New York Auto Show canceled for 2020, pushed to spring 2021

Organizers of the New York International Auto Show, once hoping to hold the rescheduled event in August, have decided to scrap the entire year. The show has been officially canceled for 2020 due to the COVID-19 pandemic, organizers announced Friday. The next show will take place April 2 to April 11, 2021. Press days will be March 31 and April 1. The New York Auto Show, which is organized by the Greater New York Automobile Dealers Association, was scheduled to begin April 10 at the Jacob K. Javit...
Tags: Transportation, Europe, New York, New York City, Tech, Automotive, Electric Vehicles, North America, American Culture, New York Auto Show, Jacob, Jacob K Javits Convention Center, New York International Auto Show, Greater New York Automobile Dealers Association, Coronavirus, COVID-19


Scale AI releases free lidar dataset to power self-driving car development

High quality data is the fuel that powers AI algorithms. Without a continual flow of labeled data, bottlenecks can occur and the algorithm will slowly get worse and add risk to the system. It’s why labeled data is so critical for companies like Zoox, Cruise and Waymo, which use it to train machine learning models to develop and deploy autonomous vehicles. That need is what led to the creation of Scale AI, a startup that uses software and people to process and label image, lidar and map dat...
Tags: TC, Transportation, Technology, California, San Francisco, Tech, AV, Artificial Intelligence, Cruise, Automotive, Machine Learning, Silicon Valley, Self-driving Cars, Lidar, Emerging-technologies, Wang


Scale AI releases free lidar data set to power self-driving car development

High-quality data is the fuel that powers AI algorithms. Without a continual flow of labeled data, bottlenecks can occur and the algorithm will slowly get worse and add risk to the system. It’s why labeled data is so critical for companies like Zoox, Cruise and Waymo, which use it to train machine learning models to develop and deploy autonomous vehicles. That need is what led to the creation of Scale AI, a startup that uses software and people to process and label image, lidar and map dat...
Tags: TC, Transportation, Technology, California, San Francisco, Tech, AV, Artificial Intelligence, Cruise, Automotive, Machine Learning, Silicon Valley, Self-driving Cars, Lidar, Emerging-technologies, Wang


Remote operators in Mexico are driving scooters to riders in this Atlanta suburb

In one Atlanta suburb, finding and returning an electric shared scooter will be taken care of by teleoperators some 1,700 miles away in Mexico City. Riders in the enclave of Peachtree Corners will be able to use an app beginning this week to hail a GoX scooter equipped with tech from teleoperations startup Tortoise. Using the “Hail my Scooter” app developed by GoX, riders can have the scooter cruise on its own to their location. After riders complete trips, the scooters will drive themselves bac...
Tags: Transportation, Uber, Mexico, Tech, Atlanta, Economy, Automotive, United States, Bellevue, Transport, Sharing Economy, Seattle, Apollo, Scooter, Brian Johnson, King County


Polestar to open first US stores in the second half of 2020

Polestar’s first U.S. retail stores will open in Los Angeles, New York City and two locations in San Francisco later this year — the latest milestone for the automaker as it gets closer to bringing its all-electric vehicle to market. Polestar, which is jointly owned by Volvo Car Group and Zhejiang Geely Holding of China, was once a high-performance brand under Volvo Cars. The 2021 Polestar 2 is the first EV to come out of Polestar since it was recast as an electric performance brand in 2017. ...
Tags: Transportation, Florida, Texas, China, Boston, New York City, Cars, US, Los Angeles, San Francisco, Tech, Automotive, United States, Electric Vehicles, Volvo, Denver


Popping the hood on Vroom’s IPO filing

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Yesterday afternoon, Vroom, an online car buying service, filed to go public. Based on its SEC filing, Vroom is a highly-successful private company in fundraising terms that has attracted over $700 million during its life as a startup. T. Rowe Price, AutoNation, Durable Capital Partners, General Catalyst and other investors fueled the firm during its youth according to Crunchbas...
Tags: Fundings & Exits, Startups, TC, Transportation, Ecommerce, Tech, E-commerce, Companies, Automotive, United States, Venture Capital, AutoNation, SEC, General Electric, General Catalyst, Unicorn



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