Tag: Transportation

Capture investment opportunities created by megatrends

Waymo to open offices in Pittsburgh, an AV tech hub

Waymo, Google’s former self-driving car project that’s now an independent business unit under Alphabet, is expanding its presence in the eastern U.S. The company said Thursday it would be opening offices in Pittsburgh, joining a growing suite of companies developing and testing autonomous vehicle technology in the Steel City. The company will start by hiring…
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22 July 2021 0

VanMoof X3 e-bike review: Transportation revelation

Like some of the best consumer tech from the last decade, I didn’t know I needed an e-bike until I was on one, breezing down the bike lane contemplating my newfound freedom. Before buying a Nintendo Switch, I would have never guessed how much a candy-colored gaming console that I could pop out of a…
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17 July 2021 0

Outdoorsy co-founders detail how they expanded the sharing economy to RVs

‘We’ve opened up a channel for travel consumers never knew they could have before.’ Rebecca Bellan 8 hours Jen Young and Jeff Cavins were sitting in a beige conference room at a downtown Vancouver hotel, wasting away under fluorescent lights, an endless PowerPoint and a pair of sad Styrofoam cups of coffee between them. Young…
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16 July 2021 0

SPACs keep rolling as autonomous vehicle startup Aurora targets blank-check debut with $13B valuation

Aurora Innovation, the autonomous vehicle startup that acquired Uber’s self-driving unit in December, is going public via a merger with special purpose acquisition company Reinvent Technology Partners Y. The deal announced Thursday confirms TechCrunch’s reporting in June that the startup was in final talks with the SPAC launched by LinkedIn co-founder and investor Reid Hoffman,…
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15 July 2021 0

EU fines BMW, VW $1B for running emissions cartel since the 90s

As environmental issues really came of age in the 1990s, certain German automakers were meeting in secret groups to make sure their cars would continue to industriously contribute to greenhouse gas emissions. According to the European Union, Volkswagen, Audi, Porsche, BMW and Mercedes-Benz parent company Daimler have been illegally colluding to restrict competition in emission…
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9 July 2021 0

Halo will launch a remotely operated car service powered by 5G in Las Vegas

5G technology has generated a lot of hype for its potential to power driverless cars using a remote operator, but for the past few years that’s all it’s been — hype. Las Vegas-based startup Halo and telecom giant T-Mobile are teaming up to change that, with a driverless electric car service in Las Vegas powered…
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8 July 2021 0

BMW is finally producing its retro-futuristic CE 04 electric scooter, but at $12K will anyone buy it?

We’ve been hearing about BMW’s electric city scooters, not to be confused with electric kick scooters, for years. The German automaker came out with the BMW Motorrad Concept Link in 2017, a concept vehicle that imagines the future of expensive micromobility. After revealing the latest concept scooter, the CE 04, in November 2020, BMW is…
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7 July 2021 0

Extra Crunch roundup: Video pitch decks, Didi’s regulatory struggles, Nothing CEO interview

The numbers don’t lie. According to DocSend, the average pitch deck is reviewed for just three minutes. And if you think a senior VC is studying the presentation your team crafted for months as if it were a Fabergé egg — well, you might be disappointed. Even if you are lucky enough to land a…
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6 July 2021 0

Why is Didi worth so much less than Uber?

Years ago, U.S. ride-hailing giant Uber and its Chinese rival Didi were locked in an expensive rivalry in the Asian nation. After a financially bruising competition, Uber sold its China-based business to Didi, focusing instead on other markets. The two companies are coming head-to-head again, however, as Didi looks to list in the United States.…
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25 June 2021 0

Chinese robotaxi unicorn WeRide bags over $600M in 5 months

It’s hard to keep up with the fundraising spree in China’s autonomous driving industry these days. Guangzhou- and California-based robotaxi company WeRide, which counts Renault-Nissan-Mitsubishi Alliance as one of its strategic investors, has raised over $600 million in just under five months from its Series B and C financing rounds. The four-year-old upstart said in…
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23 June 2021 0