Tag: Automotive

Tesla acquires trucking companies to squeeze in more deliveries before Dec. 31

Tesla CEO Elon Musk tweeted Thursday that the electric automaker had acquired “trucking capacity,” a move aimed to boost deliveries of its Model 3 vehicles before the federal tax credit begins to wind down Dec. 31. Musk at first didn’t explain what “acquired trucking capacity” meant. The company hasn’t posted

Lyft launches default tipping, rating protections and more to keep drivers happy

Until autonomous vehicles are here, ride-hailing companies like Lyft and Uber have to attract and retain human drivers if they hope to sustain their businesses. Lyft announced Thursday a half dozen new driver-friendly features, from default tipping and in-trip tipping to ways to protect their ratings and an events planner.

Apex.ai raises $15.5 million for autonomous vehicle software

Apex.ai is emerging out of stealth today with quite the claim — an operating system for autonomous vehicles that will never fail Founded by long-time automated systems engineers Jan Becker and Dejan Pangercic, Apex.ai develops operating systems for various types of autonomous mobility platforms. Today, Apex.ai is also announcing a $15.5

Ford partners with Walmart and Postmates to test autonomous grocery delivery

Ford is partnering with Walmart and Postmates to test the business of delivering goods like groceries and pet food using self-driving vehicles. The pilot project is focused on Miami-Dade County, according to Ford’s announcement Wednesday. This is an area where Ford is already embedded and testing out what a commercial

Tesla, GM and Nissan are all part of a new coalition aiming to extend the EV tax credit

Tesla, GM and Nissan are among a group of 15 companies that launched a new coalition aimed at reforming the electric vehicle tax credit. The group called EV Drive Coalition brings together a mix of automakers, industry giant ABB, climate change and energy lobbying organizations and EV infrastructure companies, including

RideCell expands funding round to $60 million

RideCell, a transportation software startup, has doubled its previously announced Series B funding round to $60 million, a sign that investors believe demand for cloud-based mobility platforms will grow as more companies try to scale up car-sharing, ride-hailing and even, robotaxi businesses. The company, which has developed a platform designed to

Amazon’s Alexa Fund invests in on-demand parking service, ParkWhiz

ParkWhiz, a startup that’s something of an Open Table for available parking spots, is adding $5 million in new equity to its recently announced Series D round. The new funds come from strategic investors Amazon’s Alexa Fund, Alate Partners, Chaifetz Group and Purple Arch Ventures. Combined with the earlier round led by

GM is going to allow Ford vehicles and other competitors on its Maven car-sharing platform

GM’s car-sharing subsidiary Maven is undergoing another expansion. This time, it’s not just to a new city. Maven plans to open up its new peer-to-peer car rental service to allow owners to rent out non-GM vehicles. It is also setting its sights on bigger changes in the future, according to Julia Steyn,