Exosonic, a startup developing supersonic commercial air travel and UAV tech, is winding down after five years of operation. In an update posted to its website, Exosonic said it was unable to find the traction necessary to continue operations. “Although the founders and team still believe in the need/desire for quiet supersonic flight and supersonic […]
Supersonic aircraft startup Exosonic is shutting down Read More »
Tesla shares have popped since the U.S. election as investors bet that a Trump presidency will benefit the automaker led by ally Elon Musk. Tesla’s shares have rallied nearly 30% since Tuesday, including an increase Friday morning that pushed the company’s market cap past the $1 trillion mark. The share spike is largely related to
Tesla is part of the trillion-dollar club again Read More »
Yelp, which made a name for itself giving restaurant recs, just bought an auto services website. In the company’s quarterly earnings report today, Yelp revealed that it agreed to buy RepairPal, a site for car repair estimates, for $80 million in cash. The acquisition is expected to close by the end of the year, subject
Yelp just spent $80M on a site for car repair estimates Read More »
Rivian reported Thursday revenue of $874 million in the third quarter — more than 12% lower than analysts estimates — as the EV startup struggled to resolve a component shortage that disrupted production of its recently overhauled flagship R1S and R1T vehicles. Last month, Rivian lowered its annual production guidance to 47,000 to 49,000 vehicles
Rivian takes major revenue hit as supplier problem persists 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! We’re just two days past the election, and there is already a ton of speculation about what another Trump presidency will mean for transportation and tech —
Lucid Motors has officially started taking orders for its electric Gravity SUV, a critically important vehicle that’s supposed to go into production by the end of this year. Interested buyers can now place $1,000 refundable deposits on the “Grand Touring” trim, which starts at $94,900, on the company’s website. Similar to the company’s current model,
Lucid Motors starts taking orders for its existential Gravity SUV Read More »
It seems Lyft is hoping to catch up to Uber’s string of autonomous vehicle partnerships. Lyft announced Wednesday three separate partnerships — with startup May Mobility, automated driving company Mobileye and smart dashcam firm Nexar — all aimed at establishing a foothold in the emerging autonomous vehicle market. In the announcement, the ride-hailing company said
Lyft partners with May Mobility, Mobileye to bring autonomous vehicles to the app Read More »
EV startup Canoo has lost its chief financial officer and its head lawyer, the latest in a string of executive departures as the company continues to struggle to find mass adoption of its electric work vans. CFO Greg Ethridge and general counsel Hector Ruiz both resigned from Canoo on October 31, the company announced Tuesday
Canoo’s CFO and top lawyer are the latest executives to leave Read More »
Waymo recently closed a $5.6 billion Series C funding round led by parent company Alphabet and joined by a who’s who of Silicon Valley venture firms. The investment boosts Waymo’s overall valuation to more than $45 billion, according to Bloomberg News. Alphabet had previously announced in July that it was pledging another $5 billion to
Waymo’s latest funding round boosts it to a $45B valuation Read More »
Rivian’s chief software officer Wassym Bensaid opened up at TechCrunch Disrupt 2024 last week about his thoughts on physical buttons (“an anomaly“) and how his company will help power VW offshoot Scout’s EVs. But there’s one other item on his to-do list that he’s “super excited” about: making Rivian’s vehicles work with third-party app developers.
Rivian’s software boss is ‘super excited’ about third-party apps Read More »
