Electric truck startup Rivian released Thursday details of its in-house Rivian Insurance program, which it says will be integrated into its digital ordering process. The insurance will initially be available in 40 states. Keeping in line with the company’s marketing as an “adventure vehicle” company, customers will also have the option to cover their home…
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The race among mobility startups to become profitable by controlling market share has produced a string of bad results for cities and the people living in the them. City officials and agencies learned from those early deployments of ride-hailing and shared scooter services and have since pushed back with new rules and tighter control over…
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The safety pilot has his hands off the controls during an Xwing demonstration flight. Image Credits: Xwing Xwing has scored another win two months after it completed its first gate-to-gate autonomous demonstration flight of a commercial cargo aircraft. The company said Thursday it has raised $40 million at a post-money valuation of $400 million. The…
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Polestar, Volvo Car Group’s standalone electric performance brand, has raised $550 million in its first external round led by Chongqing Chengxing Equity Investment Fund Partnership, Zibo Financial Holding and Zibo Hightech Industrial Investment. SK Inc., the South Korean global conglomerate, and a range of other investors also participated. While this is Polestar’s first external round, the…
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A number of startups have promised to bring a drive-and-fly vehicle to market over the past few years, but none have yet managed to follow through. NFT Inc. is betting it will succeed where its rivals have failed, with preorders opening Thursday for ASKA, company’s first electric flying car. The SUV-sized ASKA ( which means…
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Ford will debut its new hands-free driving feature on the 2021 F-150 pickup truck and certain 2021 Mustang Mach-E models through a software update later this year, technology that the automaker developed to rival similar systems from Tesla and GM. That hands-free capability — which uses camera, radar sensors and software to provide a combination…
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Lime, Bird and VeoRide have scored coveted permits to New York City’s first e-scooter pilot. The New York City Department of Transportation, which originally released a request for proposals in October for the pilot that was meant to start in early March, made its selections public Wednesday. The three companies are expected to begin operations in…
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Elon Musk famously said any company relying on lidar is “doomed.” Tesla instead believes automated driving functions are built on visual recognition and is even working to remove the radar. China’s Xpeng begs to differ. Founded in 2014, Xpeng is one of China’s most celebrated electric vehicle startups and went public when it was just…
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As expected, Southeast Asian super-app Grab is going public via a SPAC, or blank check company. The combination, which TechCrunch discussed over the weekend, will value Grab on an equity basis at $39.6 billion and will provide around $4.5 billion in cash, $4.0 billion of which will come in the form of a private investment…
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Mobility mavens, June 9 will be here before you know it, and that means it’s time to get your strategy ducks in a row for TC Sessions: Mobility 2021. You want to make the most of your time at this one-day virtual intensive featuring interactive presentations with the mobility industry’s top movers, shakers and startup…
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