Tag: Automotive
Hyundai taps EV startup Canoo to develop electric vehicles
Hyundai Motor Group said it will jointly develop an electric vehicle platform with Los Angeles-based startup Canoo, the latest startup tapped by the automaker as part of an $87 billion push to invest in electrification and other future technologies. The electric vehicle platform will be based on Canoo’s proprietary skateboard…
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The engineers behind Google’s Bookbot have launched a delivery robot startup
The engineers behind Google’s short-lived Bookbot — a robot created within the company’s Area 120 incubator for experimental products — have launched their own startup to bring the sidewalk delivery bot back to life. The secretive startup called Cartken was formed in fall 2019 after Google shuttered an internal program…
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Aptiv’s self-driving cars have given 100,000 paid rides on the Lyft app
What started out as a temporary pilot project to test a robotaxi service in Las Vegas has turned into a multi-year partnership between self-driving software company Aptiv and Lyft and a new milestone that suggests the operation is ramping up. The companies announced Tuesday that they’ve given 100,000 paid rides…
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Shrunken unicorn Fair cancels car leasing to Uber drivers
When Fair laid off 40% of its staff in October, CEO Scott Painter promised it wasn’t shuttering leasing services to on-demand fleets. But just a week later, Painter was removed and replaced in the interim with Adam Hieber, a CFA from Fair investor SoftBank. Today, according to two sources, Fair…
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Emerge raises $20M to take its digital freight marketplace for truckers up a gear
Trucking is currently the most popular mode of transporting freight in the US, accounting for around $12.5 billion of the $17 billion freight market, according to the Bureau of Transportation Statistics. But with thousands of small and single-vehicle operators and legacy (often paper-based) systems underpinning communications, it’s also one of…
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What is going on with Tesla?
Shares of American electric car company Tesla are sharply higher again this morning, adding $122.40 (or 15.69 percent ) to their value before regular trading today. The gains come after Tesla has rapidly added value in recent days, including a nearly 20 percent gain yesterday during regular trading; shares of…
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