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 »
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 »
