June 12th, 2017 News of the Day: Uber CEO could step down, Lyft adds one more partner

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【Summary】News of the Day for June 12th, 2017.

Original Claire    Jun 12, 2017 4:35 PM PT
June 12th, 2017 News of the Day: Uber CEO could step down, Lyft adds one more partner

Uber CEO Travis Kalanick may step down temporarily

Amid a series of controversies at Uber, the company's board of directors voted unanimously to adopt all recommendations from a report about the company's culture following sexual harassment scandals.

According to New York Times, Uber directors on Monday were considering a three-month leave of absence for Uber CEO Travis Kalanick, citing three insiders with information about the board's private meeting.  

The list of board-approved recommendations comes from former U.S. attorney general Eric Holder, and  focuses on budget control, human resources department and other areas where executives led by Kalanick had a surprising amount of autonomy.

Meanwhile, according to Bloomberg, Uber also plans to appoint Wan Ling Martello, an executive vice president at Nestle SA, to the board.

Last week, Uber fired 20 employees, including senior executive Eric Alexander, who was involved in obtaining the medical records of a victim in a Uber driver rape case in India.

Lyft pockets in $25 million and new car fleet from Jaguar Land Rover


Ride-hailing company Lyft has recently raised $600 million in a new funding round, with $25 million coming from Jaguar Land Rover, via its mobility service subsidiary InMotion. In addition to the financial backing, the automaker is providing Lyft with a fleet of Jaguar and Land Rover vehicles, and will work with the startup on autonomous car testing.

This is yet another new cooperation after Lyft's partnerships with General Motors, Waymo, and Nutonomy. InMotion will use Lyft's platform to "develop and test its mobility services, including autonomous vehicles." Media speculate that Lyft might plan to gain more ground among automakers beyond its longtime partner GM, who reportedly intended to acquire Lyft until the company turned down the proposal.

Mobike will launch dockless bike-sharing in UK


One of China's largest bike-sharing companies Mobike, will launch in Manchester and Salford in the UK, the first time the company is launching its service outside China. The bike-sharing program will begin on June 29th, starting with 1000 bikes.

"Manchester will become the 100th Mobike city and the first outside of Asia." The company posted on Twitter on Sunday.

This was two months after another Chinese bike-sharing giant Ofo launched its pilot service in Cambridge on a smaller scale, with a fleet of just 20 bikes. Ofo however revealed to media that it planned to expand to 3 UK cities by the end of 2017.

The two companies are considered the "Uber of bikes" as they allow users to locate and unlock nearby bikes using an app. Both companies offer dockless parking, meaning users can leave the bikes wherever they deem convenient after usage.

Henrik Fisker reveals EMotion in full


Shortly after posting a few teaser photos on Twitter, Henrik Fisker has finally revealed the picture of his newest product, the EMotion.

"World's most advanced EV..very proud of what we are creating!" the legendary automotive designer tweeted.

Aside from an eye-catching design, Fisker claims that EMotion has a range of 400 miles. Equipped with a hybrid supercapacitor and a quick-charge function, which offers 100 miles of range with just 9 minutes of charging. The car also has all of the hardware required for full autonomy.

The preorders for the car will open on June 30th, with production kicking off in 2019. It will have its premiere on August 17th.

Drone Racing League raised $20M in Series B funding


Drone Racing League(DRL) has recently collected $20M in Series B funding, led by UK telecommunications company Sky, Liberty Media Corporation, and Lux Capital.

The association was founded in 2015 to capitalize on the amateur drone racing market, and is by far the most established player in the industry. Last season, over 75 million fans tuned in to watch DRL races online or via TV broadcasting.

Founder and CEO of DRL Nicholas Horbaczewski said that the funding round materialized as a result of intention to work strategically with some of the investors. With the money coming in, DRL has so far raised $32 M in three rounds.

Check their 2017 season's teaser below:

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