Transportation
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Trends
Uber’s delivery business is now larger than ride-hailing
Uber reported its second-quarter earnings Thursday, and buried in the blizzard of less-than-rosy numbers is a stunning figure that illustrates…
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Trends
Uber shares drop 4% after it loses more money than expected in Q2
Today after the bell, American ride-hailing giant Uber released its second-quarter results. The company’s revenue fell compared to both the…
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Trends
Uber picks up Autocab to push into places its own app doesn’t go
Uber has bought UK based Autocab, which sells SaaS to the taxi and private hire vehicle industry, with the aim…
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STARTUPS
SaaS startup Swoop raises $3.2M to modernize mom-and-pop transportation companies
Chauffeured group transportation — the vehicles used for corporate outings, special events and even weddings — is a fragmented industry,…
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Trends
Rivian to begin deliveries of electric pickup truck in June 2021
Rivian has started to run a pilot production line at its factory in Normal, Illinois, as the electric vehicle startup…
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Trends
Waymo and Fiat Chrysler’s next big project is to develop self-driving Ram vans
Waymo and Fiat Chrysler Automobiles have inked a deal to develop and test autonomous cargo vans and other light commercial…
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Trends
Elon Musk is one board approval away from another $2.1 billion in stock options
Tesla’s six-month average trailing market capitalization hit $150 billion on Tuesday after a four-month run up of the automaker’s share…
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Trends
Aurora expands to Texas in bid to ramp up self-driving truck efforts
Aurora, the autonomous vehicle technology startup backed by Amazon, is expanding into Texas as it aims to accelerate the development…
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