Tag: Transportation

Uber plans to kick off IPO in April

(Reuters) — Ride-hailing company Uber is planning to kick off its initial public offering in April, putting it close on the heels of smaller rival Lyft, people familiar with the matter said on Thursday. Next month, Uber will issue its required public disclosure, known as an S-1, and launch its investor roadshow, the people said. […]

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SoftBank and Toyota could invest $1 billion in Uber’s self-driving unit

(Reuters) — A group of investors led by SoftBank Group Corp and Toyota Motor Corp is in talks to invest $1 billion or more into Uber Technologies Inc’s self-driving vehicle unit, which would value the unit at $5 billion to $10 billion, said two people familiar with the talks. The investment would provide a cash […]

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Moovit taps SpotHero to show parking spots in multi-modal transit app

“Multi-modal” is a big buzzword in the urban mobility realm, with apps pulling together public transport, ride-hailing services, electric scooters, bikes, private cars, and more to help people find the optimal route from A to B. While cities would no doubt prefer to have everyone use public transportation for their […]

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Tiny Costa Rica Has a Green New Deal, Too. It Matters for the Whole Planet.

Want climate news in your inbox? Sign up here for Climate Fwd:, our email newsletter. SAN JOSÉ, Costa Rica — It’s a green big deal for a tiny sliver of a country. Costa Rica, population 5 million, wants to wean itself from fossil fuels by 2050, and the chief evangelist […]

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Self-driving cars could soon navigate the world via micropayments

With autonomous vehicles already debuting on our roads and in our airspace, you’ve probably grown accustomed to the idea of a new future for mobility. But what you may not have wrapped your head around yet is that these vehicles could create a whole new marketplace that makes transportation safer, […]

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Amy Webb highlights over 300 tech trends in annual report

The Future Today Institute today unveiled the latest annual Tech Trends Report, which highlights 315 trends, up from 225 last year. This is the 12th year of the Tech Trends Report. The report highlights top trends in areas like energy, robotics, AI, transportation, data, privacy, and security. Future Today Institute […]

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Waymo is selling lidar sensors for robotics, security, and agriculture

Waymo, Google parent company Alphabet’s self-driving car division, today announced that it’ll begin selling the custom-designed lidar sensor sensors it uses on its driverless cars to other companies. Lidar — sensors that measure the distance to target objects by illuminating them with laser light and measuring the reflected pulses — form […]

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Ride-hailing firm Grab raises $1.5 billion from SoftBank, takes its latest funding round to $4.5 billion

Grab, the Southeast Asian tech company that offers a range of transport-focused services covering ride-hailing, ride-sharing, food delivery, and logistics, has raised another $1.5 billion, taking its series H round to a hefty $4.5 billion. The latest cash injection arrived via the SoftBank Vision Fund (SVF), a $100 billion investment […]

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Uber not criminally liable in fatal autonomous car crash, but safety driver faces further investigation

(Reuters) — Uber is not criminally liable in a March 2018 crash in Tempe, Arizona, in which one of the company’s self-driving cars struck and killed a pedestrian, prosecutors said on Tuesday. The Yavapai County Attorney said in a letter made public that there was “no basis for criminal liability” […]

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Tesla to unveil Model Y SUV on March 14

(Reuters) — Tesla will unveil its Model Y on March 14 at an event in LA Design Studio, Chief Executive Elon Musk said on Sunday. “Model Y, being an SUV, is about 10 percent bigger than Model 3, so will cost about 10 percent more & have slightly less range […]

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Voi Technology bags another $30 million to expand its electric scooters across Europe

If electric scooters emerged as one of the big breakout trends of last year, then 2019 is already shaping up for more of the same. Voi Technology, a Sweden-based electric scooter startup, has today announced a fresh $30 million in funding from Balderton Capital, Vostok New Ventures, LocalGlobe, Raine Ventures, […]

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Electric car reviews — hands-on with the Jaguar I-Pace and the BMW i3s

After my first spin with a tech-ladened BMW X5 xDrive40i sport utility vehicle, I dove into driving two more tech-heavy cars: the Jaguar I-Pace and the BMW i3s. Electric cars are able to deliver us to places without using gasoline thanks to great technology. But how much tech is embedded […]

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SpaceX rocket with unmanned U.S. capsule blasts off for space station

(Reuters) — A SpaceX rocket with an unmanned crew capsule blasted off on Saturday for the International Space Station, in a key milestone for Elon Musk’s space company and NASA’s long-delayed goal to resume human spaceflight from U.S. soil later this year. SpaceX’s 16-foot-tall (4.9 meter) Crew Dragon capsule, atop […]

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Uber and Lyft plan to offer some drivers shares in their IPOs

(Reuters) — Uber and Lyft plan to offer cash bonuses to some of their most active drivers with the option to purchase shares in the ride-hailing firms’ highly anticipated Wall Street debuts, a bold effort to improve driver relations as the companies transition to the public markets. Both programs will […]

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Remix raises $15 million to put transportation planning in the cloud

Where urban transportation is concerned, the world’s becoming increasingly multimodal. People don’t strictly stick to public buses and taxicabs any longer, if they ever did to begin with — according to a 2013 study by the American Public Transportation Association (APTA), nearly 70 percent of millennials use a combination of […]

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FedEx’s autonomous delivery robot will begin rolling out summer 2019

(Reuters) — FedEx this summer plans to begin testing a robot to handle home deliveries for partners ranging from Walmart to Pizza Hut. Shippers, retailers and restaurants are experimenting with robots, drones and self-driving cars in a bid to use automation to drive down the high cost of delivering gadgets, […]

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5 things to expect from the event formerly known as Mobile World Congress

The annual telecom industry gathering once known as Mobile World Congress but now officially called MWC Barcelona begins next week. And while the annual gathering of telecom industry players and pretenders can feel like a punitive plague of locusts descending upon this otherwise lovely Spanish seaside city, it also can […]

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Linux Foundation launches ELISA, an open source project for building safety-critical systems

Machines have a trust problem — particularly autonomous machines deployed in safety-critical scenarios, like industrial robots and driverless cars. In a pair of surveys published by the American Automobile Association last January and by Gallup in May, 63 percent of people reported feeling afraid to ride in a fully self-driving vehicle and […]

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Lyft says Shared Saver is its ‘most affordable’ ride option yet

Lyft today announced what it says is its “most affordable” ride option yet: Shared Saver. Starting this week in select cities — Denver and San Jose for now, with others to follow — riders can lock in low prices even during peak hours. Unlike Lyft’s standard Shared rides, Shared Saver isn’t […]

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Mojio raises $40 million to monetize connected car data

There will be an estimated 200 million connected cars on the world’s roads by 2020, a number that could rise to nearly 500 million in the U.S., Europe, and China alone by 2025. One of the big by-products of all these connected automobiles is data — location data, diagnostic data, […]

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Mass Transit Fail: Albuquerque’s $133 Million Bus System ‘on a Road to Nowhere’

The city of Albuquerque, New Mexico, spent $133 million on a state-of-the-art electric bus system only to see it go bust, according to a report released Sunday. City leaders initially proposed the Albuquerque Rapid Transit system to revamp a former section of Route 66 and position itself as a leader in eco-friendly mass transit. The […]

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