Voyage raises $31 million to bring driverless taxis to communities – gpgmail

[ad_1] Voyage, the autonomous vehicle startup that spun out of Udacity, announced Thursday it has raised $31 million in a round led by Franklin Templeton. Khosla Ventures, Jaguar Land Rover’s InMotion Ventures and Chevron Technology Ventures also participated in the round. The company, which operates a ride-hailing service in retirement communities using self-driving cars supported […]

Elon Musk promises to take Tesla Model S to ‘Plaid’ with new powertrain – gpgmail

[ad_1] Tesla CEO Elon Musk promised a more powerful powertrain option in future Model S, Model X and the next-generation Roadster sports car that will push acceleration and speed beyond the current high bar known as Ludicrous mode. Musk tweeted Wednesday evening “the only thing beyond Ludicrous is Plaid,” a teaser to a higher performing […]

Ford unveils lineup for Europe to outpace gas and diesel vehicle sales by 2022 – gpgmail

[ad_1] Ford unveiled a range of hybrid vehicles Tuesday at the Frankfurt Motor Show as part of its plan to reach sales of 1 million electrified vehicles in Europe by the end of 2022. Ford introduced hybrid and plug-in hybrid versions of the Mondeo wagon, Puma compact crossover, Kuga (shown below) and Explorer SUVs as well […]

Uber commits $200 million to Uber Freight expansion in bet on trucking and Chicago – gpgmail

[ad_1] Uber Freight is establishing its headquarters in Chicago as part of Uber’s broader plan to invest more than $200 million annually in the region, including hiring hundreds of workers. Uber said Monday it will hire 2,000 new employees in the region over the next three years, most of which will be dedicated to Uber […]

Uber has surveyed some drivers on small loans, suggesting financial products are coming – gpgmail

[ad_1] Back in June Uber went on a hiring spree in New York, hiring at least 100 fintech-oriented tech workers to ostensibly look at creating products to increase loyalty and engagement among users and drivers, including things like banking. Cue a flurry of speculation. It now looks like Uber is taking baby-steps towards building such […]

SoftBank-backed Getaround is raising $200M at a $1.5B+ valuation – gpgmail

[ad_1] Getaround, a used car marketplace and winner of gpgmail Disrupt New York Battlefield 2011, will enter the unicorn club with a roughly $200 million equity financing. The deal values Getaround, founded in 2009, at $1.7 billion, according to an estimate provided by PitchBook. Getaround declined to comment, citing internal policy on “funding speculation.” “Getaround […]

VW Group to pay $96.5M to settle inflated fuel economy lawsuit – gpgmail

[ad_1] VW Group of America said Friday it has reached an agreement with thousands of U.S. customers over alleged inflated fuel economy information on about 98,000 gas-powered vehicles from its four brands, Audi, Bentley, Porsche and Volkswagen. The agreement involves alleged misinformation about fuel economy on 98,000 vehicles, or about 3.5% of the model year […]

Didi Chuxing to launch self-driving rides in Shanghai and expand them beyond China by 2021 – gpgmail

[ad_1] Didi Chuxing will begin picking up ride-hailing passengers with self-driving cars in Shanghai in just a few months, according to company CTO Zhang Bo (via Reuters). The plan is to roll out autonomous pick-ups in Shanghai first, starting in one district of the city, and then expand the program from there – finally culminating […]

Bestmile raises $16.5 million to manage human and AI-driven fleets – gpgmail

[ad_1] Bestmile, a transportation software startup, has raised $16.5 million in a Series B round led by Blue Lagoon Capital and TransLink Capital. Existing investors Road Ventures, Partech, Groupe ADP, Airbus Ventures, Serena and others also participated in the round. The company, which launched in 2014, has raised $31 million to date. Bestmile has developed […]

Rwanda to phase out gas motorcycle-taxis for e-motos – gpgmail

[ad_1] The government of Rwanda will soon issue national policy-guidelines to eliminate gas motorcycles in its taxi sector in favor of e-motos. The country’s president Paul Kagame previewed the plan last week. “We will find a way to replace the ones you have now. We urge taxi-moto operators to help us when the phase-out process […]