The Latest from Rebecca Bellan
Aurora unveils fleet management platform to optimize autonomous operations
Autonomous vehicle technology company Aurora Innovation has unveiled a fleet management system that can be used to help optimize operations for the startup’s trucking and ride-hailing products. Auro
Formula 1’s Fernando Alonso launches first e-bike at Miami Grand Prix
Kimoa, the sustainable lifestyle brand created by two-time Formula 1 champion Fernando Alonso, is launching an electric bike during the Formula One Crypto.com Miami Grand Prix 2022. It’s not uncommo
Sila buys new factory to produce next-gen EV battery tech on US soil
Battery technology company Sila announced the purchase of a new facility in Washington state that will see its next-generation battery chemistry in hundreds of thousands of electric vehicles by the en
Stellantis, Trudeau invest $2.8 billion to boost EV production in Canada
Stellantis will spend $2.8 billion (CAD $3.6 billion) to increase production of electric vehicles at two of its Canadian plants, the company said on Monday. The funding is a portion of the $35.5 billi
Biden to provide $3.1B to support domestic production of EV batteries
President Joe Biden’s administration said it will provide $3.1 billion in funding to support the domestic production of advanced batteries that will spur electric vehicle adoption. Proponents of
New Zealand gets its first crypto, web3-focused VC fund
The last few months have seen a wave of VC firms dedicating entire multimillion-dollar funds to the advancement of technology in the crypto, blockchain and web3 space. Most recently, Dragonfly Capital
Musk sells $8.5 billion worth of Tesla shares
Elon Musk sold around 9.6 million shares of Tesla stock this week, worth about $8.5 billion, according to regulatory filings. Musk still holds about 16% of the automaker. The value of the sales in the
Ford hints at shift to middle mile autonomous delivery with Argo AI
Ford and autonomous vehicle technology company Argo AI have been partnering for years to bring high level self-driving capabilities to Ford vehicles. To date, much of that partnership has been realize
Baidu, Pony.AI win first driverless robotaxi permits in China
Chinese internet giant Baidu and autonomous vehicle company Pony.ai have received permits to provide driverless ride-hailing services to the public on open roads in Beijing, according to both companie
Ford earnings weighed down by Rivian stake
Ford reported Wednesday a multibillion-dollar loss in the first-quarter due to a massive write-off on the value of its stake in Rivian. Shares still rose in after-hours trading as investors focused mo
Singapore’s Neuron is taking the slow and steady approach to micromobility
Singapore’s Neuron Mobility has raised a $43.5 million Series B round, bringing its total capital investment to $77.7 million. The shared micromobility company with a presence in Australia, New
Voi taps Drover to prevent sidewalk scooter riding in Oslo
Shared micromobility company Voi is deploying e-scooters in Oslo, Norway with Drover AI’s computer vision tech that can identify whether a scooter is on the pavement, road or cycle lane in order
GM expects to spend $2B on Cruise in 2022
General Motors expects expenses for its autonomous driving subsidiary Cruise to be about $2 billion this year, GM’s chief financial officer Paul Jacobson said in the company’s first-quarte
3 predictions for GM’s Q1 earnings
GM set a goal to sell more than 1 million EVs in North America by the end of 2025, but materials shortages, supply chain issues, and the resulting slowdown in production could prove to be big hurdles.
Egyptian MaaS startup Swvl enters Turkish markets with latest acquisition
Swvl, an Egyptian startup that provides shared transportation services for intercity and intracity trips, has expanded into Turkey with its recent acquisition of Volt Lines, a B2B transportation-as-a-
Pony.ai scores taxi license for autonomous vehicles in Guangzhou
Autonomous vehicle startup Pony.ai has been awarded a permit in Guangzhou to operate 100 robotaxis as traditional taxis. The license, which allows Pony to charge for rides in its autonomous vehicles,
Helbiz earns its name with punishing 2021 earnings
When Helbiz chose its name, did it know that its business would eventually so aptly resemble its moniker? That’s an easy jab to make, but one that feels fitting after reading through Helbiz’s four
Convoy raises $260M Series E to expand digital freight network products
Convoy, a digital freight network that connects shippers with carriers, has raised $260 million in fresh funding to scale up initiatives that will push the trucking tech industry into new ground. The
May Mobility to intro wheelchair-accessible autonomous shuttles
Autonomous ride-hail and shuttle startup May Mobility is partnering with wheelchair-accessible van manufacturer BraunAbility to modify its fleet of Toyota Sienna Autono-MaaS (S-AM) vehicles to include
Elon Musk’s Boring Company raises $675M to scale Loop projects
The Boring Company, Tesla CEO Elon Musk’s project to build underground highways to alleviate traffic congestion, has raised a $675 million Series C round, bringing its valuation up to $5.7 billi