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Ride-Hailing Startup Lyft Files Confidential Paperwork for a 2019 IPO

Ride-Hailing Startup Lyft Files Confidential Paperwork for a 2019 IPO

The second biggest U.S. ride-hailing startup Lyft Inc. has filed confidential paperwork for an IPO, indicating its plans to go public in 2019. Lyft would be the first company to allow investors to buy into the rapidly growing ride-hailing industry.

Eric Walz2018-12-06 12:11 PT

Waymo’s Commerical Driverless Taxi Service Launches in Arizona

Waymo’s Commerical Driverless Taxi Service Launches in Arizona

Waymo made some history today by launching the first ever commercial driverless shuttle service in Arizona.The service is called Waymo One and riders can use the company’s smartphone app to summon a ride in one of Waymo’s driverless Chrysler Pacifica minivans.

Eric Walz2018-12-05 11:56 PT

Waymo to Launch its Driverless Car Service Next Month to Challenge Uber & Lyft

Waymo to Launch its Driverless Car Service Next Month to Challenge Uber & Lyft

Waymo is preparing to launch a commercial ride-hailing service in Arizona next month to rival Uber. For its new service, Waymo has plans to acquire up to 62,000 plug-in hybrid Pacifica minivans and 20,000 fully-electric Jaguar I-Pace SUVs to build out its commercial fleet over the next few years.

Eric Walz2018-11-13 16:55 PT

Hyundai Investing Another $250 Million in Singapore-based Grab to Promote EVs

Hyundai Investing Another $250 Million in Singapore-based Grab to Promote EVs

Hyundai Motor Group and Grab Holdings Inc. (Grab), one of Southeast Asia’s largest mobile platforms, announced an agreement in which Hyundai Motor Company and Kia will invest an additional $250 million into Grab and establish a partnership to promote EV programs across Southeast Asia.

Eric Walz2018-11-07 11:42 PT

Ford, Uber & Lyft Sign Agreement to Share Data to Help Reduce Traffic in Cities

Ford, Uber & Lyft Sign Agreement to Share Data to Help Reduce Traffic in Cities

The Ford Motor Company and ride-hailing companies Uber and Lyft announced an unprecedented commitment to SharedStreets, a new data platform designed to make it easier for the private sector to work with cities by agreeing to share data that might help everyone get around cities more easily.

Eric Walz2018-09-26 12:20 PT

Aptiv Reaches Milestone of 5,000 Public Trips in its Self-Driving Cars

Aptiv Reaches Milestone of 5,000 Public Trips in its Self-Driving Cars

Since January, thousands of local residents and tourists in Las Vegas have taken a ride in one of Aptiv’s self-driving BMW’s operating on Lyft’s platform and the company just announced the completion of its 5,000th trip on the Las Vegas strip.

Eric Walz2018-08-22 16:11 PT

Car-Sharing Platform Getaround Raises $300 Million in Latest Funding Round

Car-Sharing Platform Getaround Raises $300 Million in Latest Funding Round

Uber made is easy for anyone with the company’s app to summon a ride on-demand, making it possible to forgo personal car ownership in many cities. A relatively new startup called Getaround, expands transportation options even further, with it peer-to-peer vehicle sharing service that let people rent their cars to strangers. The company secured significant new funding to expand its services to additional U.S. cities.

Eric Walz2018-08-21 12:18 PT

Largest U.S. Grocery Chain Begins Autonomous Delivery Service in Arizona

Largest U.S. Grocery Chain Begins Autonomous Delivery Service in Arizona

Kroger, the largest grocery chain in the U.S. will start delivering groceries in autonomous driving Toyota Prius cars starting Thursday at a Fry’s Food Stores location it owns in Scottsdale.

Jacky Ho2018-08-16 15:56 PT

Didi Investing $1 Billion Into its Auto Service Platform

Didi Investing $1 Billion Into its Auto Service Platform

Didi Chuxing Technology, China’s largest ride-hailing service, said on Monday it will invest $1 billion in its auto services business as the company ramps up to a widely anticipated initial public offering (IPO).

Paul Young2018-08-06 16:26 PT

Avis to Provide Rental Cars to Lyft Drivers

Avis to Provide Rental Cars to Lyft Drivers

The emergence of ride-hailing services such as Uber and Lyft are expected to lead to a decline in personal car ownership, as rides can be summoned with a smartphone as needed. As more people opt for transportation on-demand, car rental company Avis is looking to put its own fleet to work—by renting vehicles to Lyft drivers that would normally be sitting idle in a parking lot.

Eric Walz2018-08-06 12:20 PT

The moovel Group Gains 5 Million Users with its OS for Mobility Services

The moovel Group Gains 5 Million Users with its OS for Mobility Services

The moovel Group, a Daimler subsidiary providing Mobility-as-a-Service (MaaS), has reached five million users. The platform is growing in popularity and gained over two million users in the past year alone, a 71 percent increase since first launching in 2015.

Jacky Ho2018-08-02 17:41 PT

SoftBank & China’s Didi to Launch Taxi-Hailing Platform In Japan

SoftBank & China’s Didi to Launch Taxi-Hailing Platform In Japan

Didi Chuxing, the Chinese ride-hailing giant and transportation company, has teamed up with investor SoftBank to launch a taxi-hailing platform in Japan, ahead of the 2020 Tokyo Olympics. The service would help to serve the many Chinese citizens planning to travel to Tokyo to attend the Olympic Games.

Eric Walz2018-07-20 13:05 PT

GM Quietly Working On Launching its Robo Taxi Service in San Francisco

GM Quietly Working On Launching its Robo Taxi Service in San Francisco

Since General Motors acquired San Francisco-based autonomous driving startup Cruise Automation in 2016 for $1 billion, the two companies have been laying the groundwork and testing autonomous technology for a commercial launch of a robo taxi service using an autonomous fleet of Chevy Bolt EVs. Now, more details of the project have been revealed.

Eric Walz2018-07-03 18:28 PT

Lyft Buys Bike Sharing Company Motivate, Parent of New York-Based CitiBike

Lyft Buys Bike Sharing Company Motivate, Parent of New York-Based CitiBike

Uber’s main U.S. rival Lyft is getting into the bike-sharing business, as it looks to expand its transportation options to bikes. Financial terms were not disclosed, but media reports previously suggested that Lyft would pay close to $250 million for Motivate’s bike-sharing business.

Jeremy Carlton2018-07-02 17:09 PT

Boston to Allow City-Wide Testing of Self-Driving Cars

Boston to Allow City-Wide Testing of Self-Driving Cars

​For the past year, city officials in Boston restricted companies testing autonomous technology to less populated, industrial areas of the city. Now that is about to change, as the city is now allowing self-driving cars to roam the streets citywide, including during the morning rush hour.

Jeremy Carlton2018-06-20 15:37 PT

Toyota to Invest $1 Billion in Singapore-Based Ride-Hailing Company Grab

Toyota to Invest $1 Billion in Singapore-Based Ride-Hailing Company Grab

Toyota is investing $1 billion in Singapore’s Grab Holdings Inc., valuing the Southeast Asia’s largest ride-hailing service at just over $10 billion.

Paul Young2018-06-13 13:59 PT

TomTom Partners with what3words to Make Finding an Exact Location Easier

TomTom Partners with what3words to Make Finding an Exact Location Easier

TomTom, a leading GPS and mapping company is working on a solution to make navigating to a precise location possible. The company announced it will offer ‘what3words’ integration to its automotive customers in the second half of this year.

Eric Walz2018-06-06 16:08 PT

Fiat Chrysler Supplying Waymo With Up to 62,000 Robo Taxis

Fiat Chrysler Supplying Waymo With Up to 62,000 Robo Taxis

Fiat Chrysler Automobiles NV will add up to 62,000 more vehicles to Alphabet Inc’s autonomous driving unit Waymo, the companies said on Thursday, as part of Waymo’s plans to roll out a commercial autonomous ride-hailing service in the U.S. later this year.

Eric Walz2018-05-31 12:34 PT

SoftBank's Vision Fund to Invest $2.25 Billion in GM Cruise

SoftBank's Vision Fund to Invest $2.25 Billion in GM Cruise

General Motors announced today that the SoftBank Vision Fund will invest $2.25 billion in GM Cruise to support the company’s plans to commercialize autonomous vehicle technology at large scale. GM will also invest $1.1 billion in GM Cruise upon closing of the transaction.

Eric Walz2018-05-31 11:13 PT

Electric Scooter Startup Bird Raises Another $150 Million, Pushing its Valuation to $1 Billion

Electric Scooter Startup Bird Raises Another $150 Million, Pushing its Valuation to $1 Billion

Electric scooter rental startup Bird secured an additional $150 million in funding, pushing the company closer to a $1 billion valuation, Bloomberg has reported.

Eric Walz2018-05-30 17:44 PT

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