Innoviz, the Israel-based startup developing solid-state lidar sensors and perception software for autonomous vehicles, has raised $132 million in a Series C funding round that includes major Chinese financial institutions. The round, which makes Innoviz one of the better capitalized lidar startups, includes China Merchants Capital (SINO-BLR Industrial Investment Fund, L.P.), Shenzhen Capital Group and […]
View More Lidar and perception startup Innoviz raises $132 millionCategory: transport
Uber is paying $3.1BN to pick up Middle East rival Careem
After months and months of rumors it’s finally been confirmed that ride-hailing giant Uber is picking up its Middle East rival Careem in an acquisition deal worth $3.1 billion — with $1.7BN to be paid in convertible notes and $1.4BN in cash. Careem was founded as a ride-hailing rival to Uber in 2012 but has […]
View More Uber is paying $3.1BN to pick up Middle East rival CareemTransportation weekly: Nuro dreams of autonomous lattes, what is a metamaterial, Volvo takes the wheel
Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. We love the reader feedback. Keep it coming. Never heard of TechCrunch’s Transportation Weekly? Read the first edition here. As I’ve written before, consider this a soft launch. Follow me on Twitter @kirstenkorosec to ensure you see it each week. […]
View More Transportation weekly: Nuro dreams of autonomous lattes, what is a metamaterial, Volvo takes the wheelFlying taxi startup Blade is helping Silicon Valley CEOs bypass traffic
Blade, backed by Lerer Hippeau and Airbus, has begun chauffering the Bay Area’s elite.
View More Flying taxi startup Blade is helping Silicon Valley CEOs bypass trafficLyft reveals its IPO price range and fundraising goals
For its Wall Street debut, the company says shares will be priced around $65. According to TechCrunch, Lyft aims to sell over 31 million shares. Lyft adds that stock sales will propel them to raise just over $2 billion. Should expectations be met, Lyf…
View More Lyft reveals its IPO price range and fundraising goalsGrab launches SME loans and micro-insurance in Southeast Asia
In its latest move beyond ride-hailing, Southeast Asia’s Grab has started to offer financing to SMEs and micro-insurance to its drivers. The launch comes just weeks after Grab raised $1.5 billion from the Vision Fund as part of a larger $5 billion Series H funding round that’ll be used to battle rival Go-Jek, which is […]
View More Grab launches SME loans and micro-insurance in Southeast AsiaSouth Africa’s FlexClub raises $1.2M, partners with Uber Mexico
FlexClub, a South African startup that matches investors and drivers to cars for ride-hailing services, closed a $1.2 million seed round led by CRE Venture Capital. The company will use the financing to add team members and expand off the continent through a partnership with Uber Mexico. The move comes as Africa’s tech-transit space continues […]
View More South Africa’s FlexClub raises $1.2M, partners with Uber MexicoTrump’s views about ‘crazy’ self-driving cars are at odds with his DOT
President Donald Trump is an automated-vehicle skeptic, a point of view that lies in stark contrast with agencies within his own administration, including the U.S. Department of Transportation . According to a recent scoop by Axios, Trump has privately said he thinks the autonomous-vehicle revolution is “crazy.” Trump’s point of view isn’t exactly surprising. His […]
View More Trump’s views about ‘crazy’ self-driving cars are at odds with his DOTLyft’s imminent IPO could value the company at $23B
Ridehailing firm Lyft will reportedly make its Nasdaq debut as early as next week.
View More Lyft’s imminent IPO could value the company at $23BUber said to be raising $1B at a $10B valuation for its self-driving car unit
The SoftBank Vision Fund is in talks to invest directly in Uber’s autonomous vehicle business, reports The Wall Street Journal.
View More Uber said to be raising $1B at a $10B valuation for its self-driving car unitTransportation Weekly: Waymo unleashes laser bear, Bird spreads its wings, Lyft tightens its belt
Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch . This is the fifth edition of our newsletter and we love the reader feedback. Keep it coming. Never heard of TechCrunch’s Transportation Weekly? Catch up here, here and here. As I’ve written before, consider this a soft launch. Follow […]
View More Transportation Weekly: Waymo unleashes laser bear, Bird spreads its wings, Lyft tightens its beltUber pays $2.6M to settle historical charges it violated Dutch taxi laws
Another fine for Uber’s historical playbook: The ride-hailing giant has agreed to pay around $2.6 million (€2.3M) to settle charges in the Netherlands related to violations of local taxi law, dating back to when it was operating a peer-to-peer ride-hailing service in contravention of local transport laws. Uber offered its UberPop service in the Netherlands […]
View More Uber pays $2.6M to settle historical charges it violated Dutch taxi laws