Saudi Arabia is committing even more money to Lucid Motors as the EV startup struggles to erase its losses. Lucid announced Monday as part of its second-quarter earnings report that an affiliate of the Saudi sovereign wealth fund is committing another $1.5 billion, with half coming in the form of a private placement and the […]
Self-driving technology company Aurora Innovation is looking to raise hundreds of millions in additional capital as it races toward a driverless commercial launch by the end of 2024. Aurora is pursuing a driver-as-a-service model, wherein carriers purchase trucks with the Aurora Driver tech on board and then offer their services via those trucks to shippers.
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! Summer road trip season is upon us, so when Google announced some updates to Google Maps, we got excited. Surely this would include a feature that allows
Five years ago, as robotaxis and self-driving truck startups were still raking in millions in venture capital, Anthony Levandowski turned to off-road autonomy. Now, that decision — which brought the former Google engineer and serial entrepreneur back to the roots that helped launch his pioneering and controversial career — is starting to pay off. Pronto,
Two large Indian startups, Ola Electric and FirstCry, are set to test investor appetite with their public listings this month, but both have had to price their shares below their previous valuations as they come to terms with new market realities. Ola Electric, India’s biggest electric two-wheeler maker, aims to raise over $730 million by
Indian startups gut valuations ahead of IPO push Read More »
Look, we’ve all been there. You’re on a road trip and you pull off the highway for some food or fuel. And then Google Maps starts (rudely) yelling at you to get back on the road. The company has all the money and AI chips in the world and yet the app can’t just chill
Google Maps announces new features and somehow none of them are ‘pause navigation’ Read More »
German freight forwarding unicorn Sennder is on a roll. The company said on Tuesday that it is acquiring the European ground transportation assets of logistics giant C.H. Robinson in an all-cash deal. It did not disclose the financial terms of the deal, but a source close to the company told TechCrunch it is similar in
Sennder buys CH Robinson’s European business Read More »
Shared micromobility giant Lime is piloting two new vehicles designed to appeal to women and older folks who might appreciate a lower step-through frame, smaller wheels and an upgrade from pedal-assist. Lime has experimented with several new form factors over the years in a bid to capture customers and adapt to changing tastes and trends.
Lime is piloting two new e-bikes to attract more women and older riders Read More »
Henrik Fisker once envisioned a burgeoning EV empire at the startup he named after himself, which was to be led by the Ocean SUV. But cracks started showing in that vision almost as soon as the Ocean hit the road in 2023. Fisker cut production targets multiple times, failed to meet sales goals and laid
The fall of EV startup Fisker: A comprehensive timeline Read More »
As failed EV startup Fisker winds its way through bankruptcy, a persistent and tricky question has become a flashpoint of the proceedings: does its only secured lender Heights Capital Management deserve to be at the front of the line to reap the proceeds of a liquidation? Heights has maintained an unequivocal “yes.” But new information
The question haunting Fisker’s bankruptcy Read More »
