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Lyft Stock Slips Below its IPO Price After Receiving its First Sell Rating

Lyft Stock Slips Below its IPO Price After Receiving its First Sell Rating

Lyft received its first negative review from an analyst who is skeptical that consumers will give up personal car ownership in favor of relying on ride-hailing services. Lyft’s shares fell as much as 4.2 percent to $66.10 on Tuesday, their second straight session of losses after $72 initial public offer on Friday.

FutureCar Staff 2019-04-02 13:00 PT

Lyft Valued $24.3 Billion Ahead of Tomorrow’s IPO, Becoming the First Ride-Hailing Company to Go Public

Lyft Valued $24.3 Billion Ahead of Tomorrow’s IPO, Becoming the First Ride-Hailing Company to Go Public

Lyft Inc. will become the first ride-hailing company to go public. Ahead of its Friday IPO, Lyft is reportedly pricing its stock at $72 per share, according to the New York Times. A price of $72 per share would value the ride-hailing firm at $24.3 billion.

FutureCar Staff 2019-03-28 18:44 PT

Waymo Develops its Own Advanced 3D Lidar for Self-Driving Vehicles, Will Offer it to Third Parties

Waymo Develops its Own Advanced 3D Lidar for Self-Driving Vehicles, Will Offer it to Third Parties

In a blog post today, Waymo shared details about its new advanced lidar sensor, which it calls the “Laser Bear Honeycomb”. Waymo says its lidar provides best in class performance. Waymo said it will sell the sensors to other select companies outside of the self-driving car industry,  beginning with robotics, security and agricultural technology.

Eric Walz2019-03-06 17:00 PT

Lyft Files its IPO, Will Become the First Ride-Hailing Company to Go Public

Lyft Files its IPO, Will Become the First Ride-Hailing Company to Go Public

Lyft Inc. filed for a U.S. initial public offering (IPO) today, becoming the first ride-hailing company to go public The IPO filing has also lifted the lid on Lyft’s financial picture, giving investors a first look at the company’s financial information.

FutureCar Staff 2019-03-01 14:39 PT

BMW & Daimler Invest $1 Billion in a New Mobility Venture, Will Challenge Uber

BMW & Daimler Invest $1 Billion in a New Mobility Venture, Will Challenge Uber

German automakers BMW and Daimler AG, announced today they are joining forces with a $1 billion euros ($US1.1 billion) investment in a new joint venture to provide seamless urban mobility options to customers. The service is called “Your Now”. The two automakers are combining five separate joint ventures together under one mobility brand which will be accessible using a single smartphone app.

Eric Walz2019-02-22 13:55 PT

Popular Electric Scooters Available Through Ride-Sharing Apps Can Be Hacked

Popular Electric Scooters Available Through Ride-Sharing Apps Can Be Hacked

If you thought autonomous vehicles would be the only machines that could be hacked, you’re wrong. Researchers from Zimperium found that the Xiaomi M365 electric scooter could be hacked to accelerate or brake.

Vineeth Joel Patel2019-02-18 06:00 PT

California DMV Publishes Self-Driving Car Disengagement Report, Waymo is Still the Leader

California DMV Publishes Self-Driving Car Disengagement Report, Waymo is Still the Leader

On Wednesday, the California DMV released its annual disengagement report. The newly released report, which is also available to the public, provides some surprising insights into the progress made by all 48 company testing autonomous vehicles in California and Waymo is clearly ahead of the pack.

Eric Walz2019-02-13 16:30 PT

Silicon Valley Robotics Startup Nuro Raises Nearly $1 Billion in Latest Funding Round

Silicon Valley Robotics Startup Nuro Raises Nearly $1 Billion in Latest Funding Round

Nuro announced today that it has raised $940 million in its latest round of financing from the SoftBank Vision Fund. The company is developing small self-driving vehicles that can be used for on-demand e-commerce to deliver goods.

Eric Walz2019-02-11 13:39 PT

Saudi Arabia’s Public Investment Fund Hedges its Stake in Tesla

Saudi Arabia’s Public Investment Fund Hedges its Stake in Tesla

Saudi Arabia’s Public Investment Fund (PIF) has cut its exposure to electric carmaker Tesla Inc. The move is a sign that the PIF is concerned about Tesla’s long-term profitability.

Eric Walz2019-01-28 11:32 PT

BMW i-Ventures Announces Investment in Urgent.ly, a Roadside Assistance Provider

BMW i-Ventures Announces Investment in Urgent.ly, a Roadside Assistance Provider

BMW i-Ventures has invested in another automotive industry startup. The automaker’s venture capital arm announced an investment this week in Urgent.ly​, a Virginia-based company that developed a roadside assistance platform that connects drivers directly to emergency service providers.

FutureCar Staff 2019-01-25 18:14 PT

Highlights From This Week’s CES 2019: Bell Unveils Flying Air Taxi Concept that Might Become a Flying Uber, World Premier of the Electric Mercedes Benz EQC

Highlights From This Week’s CES 2019: Bell Unveils Flying Air Taxi Concept that Might Become a Flying Uber, World Premier of the Electric Mercedes Benz EQC

This year's CES in Las Vegas showcased some amazing technology. Here are some of the highlights.

FutureCar Staff 2019-01-11 14:35 PT

HERE Mobility Launches the First Social Ride-Sharing App Called SoMo

HERE Mobility Launches the First Social Ride-Sharing App Called SoMo

HERE Mobility, the mobility unit of mapping company HERE Technologies, announced today the launch of their new all-in-one mobility app called SoMo, which is short for “social mobility”.

FutureCar Staff 2019-01-07 10:19 PT

Lyft Granted Patent for Tech Allowing Self-Driving Cars to Communicate with Pedestrians

Lyft Granted Patent for Tech Allowing Self-Driving Cars to Communicate with Pedestrians

Ride-hailing company Lyft Inc. was granted a U.S. patent for a “autonomous vehicle notification system” that communicates with pedestrians and other road users.

FutureCar Staff 2018-12-12 12:24 PT

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

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