On a September morning in 2024, two Jonathan Cohens — one from the Rockaways in Queens, the other from London — stood in an empty 15,000-square-foot parking garage near Hudson Yards in New York City. As they walked over chipped yellow lines, they explained how the space would help Joco, their shared e-bike startup for […]
The Federal Trade Commission is investigating Uber over whether it broke consumer protection laws by allegedly automatically signing people up for its Uber One subscription service and making it hard to cancel, according to Bloomberg News. The investigation was opened earlier this year after the FTC received customer complaints. Uber told Bloomberg that its cancellation
Uber’s subscription service reportedly target of FTC probe Read More »
Xiaodi Hou, the co-founder and former CEO of self-driving truck startup TuSimple, is demanding that the board immediately liquidate the company and return all remaining funds – roughly $450 million – to shareholders “on a pure pro-rata basis, regardless of share class,” according to a letter that TechCrunch has viewed. Hou is also suing TuSimple
TuSimple co-founder demands liquidation, sues company for control of his shares Read More »
Chinese autonomous driving technology company Pony AI will start trading on the Nasdaq on Wednesday at an offering price of $13 per share, the higher end of its expected range. With an initial public offering of 20 million American depositary shares, Pony stands to gain at least $260 million at a $4.55 billion from its
Pony AI set for Nasdaq debut at $4.55B valuation Read More »
As Tesla gears up to launch a robotaxi service in the coming years, the automaker looks like it’s building out a teleoperations team. According to a recent job listing, Tesla is hiring a software engineer to help develop a teleoperations system that will allow human operators to remotely access and control the company’s upcoming robotaxis
Tesla appears to be building a teleoperations team for its robotaxi service Read More »
London is putting the brakes on the mess of electric bikes that litter the streets of the city. Today, the local transportation authority, Transport for London, announced a new enforcement policy that will restrict parking for the tens of thousands of e-bikes rented on-demand from companies like Lime, HumanForest and Dott. The news is significant
We last covered EV charging platform Ampeco in 2023 when it raised a Series A round of $13 million. Today it’s raised $26 million in a Series B funding led by Revaia, a growth equity investment fund. That takes its total funding to $42 million. Many EV charging systems are end-to-end solutions which makes them
EV charging platform Ampeco raise $26M Series B, as demand for charging soars Read More »
Rivian said late Monday it has secured conditional commitment for a $6.6 billion loan from the Department of Energy, funds that will help the EV maker restart construction of a massive factory in Georgia. The funds will come from DOE’s Loan Programs Office Advanced Technology Vehicle Manufacturing Loan Program. Rivian said it expects to begin
Rivian snags $6.6B conditional federal loan to build Georgia factory Read More »
As Tesla gears up to launch a robotaxi service in the coming years, the automaker looks like it’s building out a teleoperations team. According to a recent job listing, Tesla is hiring a software engineer to help develop a teleoperations system that will allow human operators to remotely access and control the company’s upcoming robotaxis
Tesla appears to be building a teleoperations team for its robotaxi service Read More »
Tesla and Rivian may have resolved a lawsuit in which Tesla accused Rivian of poaching employees and stealing trade secrets. Bloomberg reports that Tesla told a California statement judge that the companies have reached a “conditional” settlement, and that it expects to seek dismissal of the lawsuit by December 24. Tesla filed the suit, which
Tesla says it has reached a ‘conditional’ settlement in Rivian trade secrets lawsuit Read More »
