Heavy equipment manufacturer CNH Industrial has a long history of mergers and acquisitions, at times supervising legendary brands like Ferrari. But five years ago, as agtech was booming, the global giant was struggling to tap into the startup scene. The conglomerate turned to one of its longest-tenured executives, a swashbuckling Italian businessman named Michele Lombardi. […]
How CNH’s ‘black belt’ M&A head makes deals Read More »
WeRide, a Chinese autonomous vehicle company, is officially gearing up for a U.S. public debut, over a year after China started easing its effective ban of foreign IPOs. WeRide registered 1 billion American Depository Receipts (ADRs) at a maximum price of $0.05, with the aggregate offering coming in at $50 million, per a Friday filing
China’s autonomous vehicle startup WeRide prepares for a US IPO Read More »
Ola Electric, the largest electric two-wheeler maker in India, jumped as much as 10.8% on its public debut Friday in what is the biggest listing among Indian firms in two years. Shares of the Bengaluru-based firm, which counts SoftBank and Temasek among its backers, jumped to 84.21 rupees ($1), higher than the upper price band
Ola Electric surges in India’s biggest listing in two years Read More »
Los Angeles is notorious for its back-to-back traffic. Three events that promise to bring in millions of spectators from around the world — the 2026 World Cup, the Super Bowl in 2027 and the 2028 Olympics — have LA officials searching for a range of new mobility solutions to address its congestion problems. But they’re
Archer to set up air taxi network in LA by 2026 ahead of World Cup Read More »
Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! Anyone paying even a little bit of attention to Tesla has probably heard about Dojo. Tesla CEO Elon Musk has referenced Dojo repeatedly over the years, oftentimes
Ride-hail giant Lyft will pilot a new feature called Price Lock that will let a rider purchase a monthly subscription “that caps the price for a specific route at a specific time,” according to CEO David Risher. The feature is designed to address the inconsistencies of surge pricing, particularly for commuters who use the Lyft
Lyft to ‘open up a can of whoop ass’ on surge pricing Read More »
Rivian’s financial losses have crept up as it pushed out the last of its first-generation R1 trucks and SUVs in favor of newer, more cost efficient versions — a sign of just how much the company could use the $5 billion that could come its way as part of a recently announced deal with Volkswagen
Rivian lost $1.46 billion in Q2 as it drives towards a VW-linked future Read More »
Waymo, the Alphabet-owned self-driving car company, is adding another 10 square miles to its robotaxi service area to include cities surrounding San Francisco. The move, which adds Daly City, Broadmoor and Colma, pushes its total commercial service territory to about 55 square miles. Waymo said Tuesday it is also adding 16 square miles of new robotaxi
Waymo expands robotaxi coverage in Los Angeles and San Francisco Read More »
Uber reported strong second-quarter results, with gross bookings and net profit both up by a decent margin. But the company instead chose to highlight the success of its autonomous vehicle effort — likely to assuage investors concerned about incoming competition from Tesla, which aims to reveal its first robotaxi in October. Uber said in its
Uber highlights autonomous vehicle efforts now that Tesla’s in its rearview mirror Read More »
Many industries that rely on legacy energy sources are aiming to electrify or at least streamline their operations, but for countless use cases the tech just isn’t there. H3X is changing the game with electric motors so compact and efficient that the aerospace and marine world — not to mention investors — are taking notice.
H3X scales up its electric aerospace ambitions with $20M in new funding Read More »
