Joby Aviation targets parking garages for its aerial ridesharing network
Joby Aviation is partnering with one of the country's largest parking garage operators and a real estate acquisition company to build out its network of vertiports, with an initial focus on Los Angeles, Miami, New York and the San Francisco Bay Area, the company said Wednesday.
The partnership
Taking Lyft's new e-bike for a spin
The bike had none of the usual signage when I took it for a spin around the chaotic and construction-filled streets of Manhattan. It very much looked like a prototype, with visible soldering on the joints and a not-quite-complete AV system. But it handled well, when merging in and out of traffic
Tier banks $60 million in debt from Goldman Sachs to expand scooter fleet
Berlin-based Tier Mobility has raised $60 million to help the e-scooter company expand its fleet and its network of battery charging stations in 2021.
The funds, which come from investment banking firm Goldman Sachs, come just weeks after Tier was awarded the London e-scooter pilot permit, alongsid
Tesla files trademark, hinting at Elon Musk's restaurant concept plans
Tesla has recently filed a new trademark for its brand under restaurant services, a sign the company might be finally gearing up to deliver on an idea that CEO Elon Musk and other company executives have discussed publicly since at least 2017.
The company applied for three new trademarks that will
Freight forwarder sennder raises $80M at a $1B+ valuation
Freight forwarding — the process of organising how and where items will be shipped around the world, and specifically the technology that underpins that work — continues to be a huge area of the logistics market, not least because of the huge boom in e-commerce in the last year, and bec
The Station: Rivian rolls towards an IPO and Quantumscape makes a big battery hire
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GM, Palantir-backed Wejo to go public via SPAC
Wejo, the connected vehicle data startup backed by GM and Palantir, plans to go public through a merger with special purpose acquisition company Virtuoso Acquisition Corp. The agreement, announced in a regulator filing Friday, will give the combined company an enterprise valuation of $800 million,
The financial pickle facing Elon Musk’s Las Vegas Loop system
Please see update below…
Restrictions put in place by Nevada regulators are making it difficult for The Boring Company (TBC) to meet contractual targets for its LVCC Loop, Elon Musk’s first underground transportation system.
The Loop system at the Las Vegas Convention Ce
Tesla has activated its in-car camera to monitor drivers using Autopilot
Tesla has enabled the in-car camera in its Model 3 and Model Y vehicles to monitor drivers when its Autopilot advanced driver assistance system is being used.
In a software update, Tesla indicated the “cabin camera above the rearview mirror can now detect and alert driver inattentiveness whil
FM Capital steps up automotive investments with new $150M fund
First Move Capital, the Boulder-based venture firm that has invested in used car marketplaces Frontier Auto Group and Vroom as well as mobility-as-a-service startup Via, has closed a new $150 million fund that will focus on the automotive and transportation sectors.
Existing strategic investors suc
Utah DOT pilots Blyncsy’s AI-powered road maintenance technology
If you drive past potholes and faded lane dividers on your morning commute to work, chances are you’ll continue to see such road blemishes until someone alerts the local department of transportation to the problem by filing a complaint. Utah-based startup Blyncsy wants to help governments be
Rivian delays deliveries of the R1T Launch Edition by one month
Rivian said that deliveries of the R1T Launch Edition, the limited edition release of its first series of “electric adventure vehicles,” will be delayed by a month, according to an update on its website.
Customers who preordered can now expect to start receiving their pickup trucks in July inst
Next-gen Bird Three scooter comes with bigger battery and better software
Bird is rolling out to New York and Berlin this summer a next-generation scooter with a bigger, longer-range battery and a diagnostic monitoring system, as the micromobility startup seeks ways to improve its margins and ultimately become profitable.
The Bird Three, which is already available in Tel
Ford's $30B investment in electric revs up in-house battery R&D
Ford is increasing its investment in its electric vehicle future to $30 billion by 2025, up from a previous spend of $22 billion by 2023. The company announced the fresh cashflow into its EV and battery development strategy, dubbed Ford+, during an investor day on Tuesday.
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