Transportation Archives - Page 6 of 37

How General Motors CEO Mary Barra is shaping GM’s tech future

Over her decade-long tenure, Chairman and CEO Mary Barra has pushed to transform General Motors into a technological powerhouse — and one that will lead in electrification, software and autonomous driving though their self-driving subsidiary Cruise. We’ll take stock of her progress — including the unexpected speed bumps along the way.Watch as Mary Barra discusses […]

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Infinite Machine raises $9M a16z-led round to convince Americans to buy scooters

Transportation / Sasandara Dilmina

Infinite Machine turned many heads when it revealed its metallic, cyberpunk-style electric scooter in 2023. Now one of Silicon Valley’s biggest venture capital firms is backing the startup’s vision of filling the world’s cities with Infinite Machine’s futuristic vehicles in a big way. The New York-based startup has closed a $9 million seed round led

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Jon McNeill’s insights on Tesla’s robotaxi and why EV startups fail

Transportation / Sasandara Dilmina

Jon McNeill — a former Tesla and Lyft executive and current CEO at DVx Ventures — spread the word last week at the World Business Forum on what he calls the “Tesla innovation method” of radical simplification. After his presentation, we sat down to chat about Tesla’s automation goals, its new robotaxi, and why building

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Jon McNeill’s lessons on innovation through subtraction

Transportation / Sasandara Dilmina

Before Jon McNeill was CEO at VC firm DVx Ventures, he was the president of Tesla and chief operating officer at Lyft. He helped Tesla grow its revenue run rate from $2 billion to $20 billion in 30 months, and he doubled Lyft’s revenue ahead of its IPO. He’s also on the board of GM’s

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FTC hits Lyft with $2.1M penalty for luring drivers with false earnings claims

Transportation / Sasandara Dilmina

Lyft has agreed to a $2.1 million settlement proposed by the FTC over the car-hailing company’s “deceptive earnings claims about how much money drivers could expect to make.” As documented in the FTC’s complaint document, Lyft systematically inflated the incomes it advertised to drivers it was attempting to recruit in 2021 and 2022. For instance,

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Rental car startup Kyte slashes staff and shrinks to two markets in bid for survival

Transportation / Sasandara Dilmina

Rental car startup Kyte, which bills itself as the “best alternative to Hertz,” is pulling out of almost all of its major markets in the United States and has cut its workforce roughly in half in a bid to survive after exploring a sale earlier this year. The company is shrinking its operations to focus

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Waymo raises $5.6B from Alphabet, a16z, Silver Lake, and more

Transportation / Sasandara Dilmina

Waymo has 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. Alphabet had previously announced in July that it was pledging another $5 billion to Waymo, but was mum on the specifics, saying only that it was a “multi-year” commitment.

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Scout reveals its EV vision and it includes a model with a gas-powered generator

Transportation / Sasandara Dilmina

Scout Motors, the Volkswagen Group spinoff, unveiled Thursday two EVs it hopes will hook American customers with modern-meets-rugged styling that downplays digital and embraces the mechanical. The catch? The company will also offer variants to its all-electric Scout Traveler SUV and Scout Terra Truck that will come equipped with a built-in gas-powered generator using a system

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VW spinoff Scout reveals its EV vision and it includes a model with a gas-powered generator

Transportation / Sasandara Dilmina

VW spinoff Scout reveals its EV vision and it includes a model with a gas-powered generator Read More »

Electric aircraft startup Lilium has run out of money

Transportation / Sasandara Dilmina

Electric aircraft startup Lilium is shutting down after failing to raise emergency money from the German government, according to a regulatory filing. The filing comes after a series of setbacks from the German company that was once a darling in the nascent industry of electric aircraft. Lilium, which was developing vertical take-off and landing (VTOL) aircraft

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