Transportation
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Trends
Self-driving car startup Gatik emerges from stealth with $4.5 million in seed funding and Walmart partnership
Gatik, a two-year-old startup developing an autonomous vehicle stack for business-to-business short-haul logistics, today emerged from stealth with $4.5 million…
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Trends
Uber Copter offers on-demand JFK helicopter service for top-tier users
Uber is adding regular helicopter air service to the heaviest users of its platform with Uber Copter – a new…
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Trends
Virgin Orbit seeks to launch satellites from the UK by 2020
One of Richard Branson’s space companies (yes, he has more than one) is looking to bring satellite launches to British…
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Trends
India orders Uber and rival Ola to electrify 40% of fleets by 2026
India is doubling down on its push to replace gasoline and diesel vehicles on its streets with environmentally friendly electric…
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Uber Eats, micromobility services are growing faster than Uber’s core ride-hailing business
Uber’s ride-hailing business is growing more slowly than its newer bets. In Uber’s Q1 2019 earnings, the company reported gross…
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Trends
Uber lost another $1B last quarter
Uber posted losses of $1 billion on revenue of $3.1 billion for the first quarter of 2019 in what was…
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Trends
Firefly raises $30 million to put electronic ads on ride-hailing cars
The gig driving economy might be growing, but excepting cities with minimum wage laws for ride-hailing drivers, the pay certainly…
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Trends
GM’s Cruise raises $1.15 billion at $19 billion valuation
(Reuters) — General Motors’ majority-owned Cruise self-driving division on Tuesday said T. Rowe Price and a group of existing investors…
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STARTUPS
Canoo, the electric vehicle startup formed from Faraday Future’s ashes, seeks $200 million
Less than a month after rebranding as Canoo, the startup electric vehicle company formerly known as Evelozcity is on the…
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