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: Transportation
Lola.com raises $37M to take on SAP and others in the world of business travel
Business customers continue to be a huge target for the travel industry, and today a startup has raised a tidy sum to help it double down on the $1.7 trillion opportunity. Lola.com — a platform for business users to book and manage trips — has raised $37 million to continue building out its technology and […]
View More Lola.com raises $37M to take on SAP and others in the world of business travelUber 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 CareemMobileye CEO clowns on Nvidia for allegedly copying self-driving car safety scheme
While creating self-driving car systems, it’s natural that different companies might independently arrive at similar methods or results — but the similarities in a recent “first of its kind” Nvidia proposal to work done by Mobileye two years ago were just too much for the latter company’s CEO to take politely.
View More Mobileye CEO clowns on Nvidia for allegedly copying self-driving car safety schemeApple Pay is coming to major US transit systems this year
Apple’s Monday press event was chock full of big announcements. The iPhone maker revealed it’s now diving into news subscriptions, original video content, and even credit cards.
But one major announcement that Apple snuck into its keynote prese…
Lidar startup Ouster raises $60 million in production run-up
Ouster has raised $60 million as the San Francisco-based lidar startup opens a new facility that will have the capacity to assemble and ship several thousand sensors a month by the end of 2019. The new factory, which will have a grand opening ceremony March 28, currently produces hundreds of sensors per month. Ouster says […]
View More Lidar startup Ouster raises $60 million in production run-upLidar startup Ouster raises $60 million in production run-up
Ouster has raised $60 million as the San Francisco-based lidar startup opens a new facility that will have the capacity to assemble and ship several thousand sensors a month by the end of 2019. The new factory, which will have a grand opening ceremony March 28, currently produces hundreds of sensors per month. Ouster says […]
View More Lidar startup Ouster raises $60 million in production run-upTransportation 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 wheelHackers conquer Tesla’s in-car web browser and win a Model 3
A pair of security researchers dominated Pwn2Own, the annual high-profile hacking contest, taking home $375,000 in prizes including a Tesla Model 3 — their reward for successfully exposing a vulnerability in the electric vehicle’s infotainment system. Tesla handed over its new Model 3 sedan to Pwn2Own this year, the first time a car has been […]
View More Hackers conquer Tesla’s in-car web browser and win a Model 3Flying 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 trafficHow Nuro plans to spend Softbank’s $940 million
Autonomous delivery startup Nuro is bursting with ideas since SoftBank invested nearly $1 billion in February, new filings reveal. A recent patent application details how its R1 self-driving vehicle could carry smaller robots to cross lawns or climb stairs to drop off packages. The company has even taken the step of trademarking the name “Fido” […]
View More How Nuro plans to spend Softbank’s $940 millionElon Musk defends tweets in SEC’s contempt proceedings
Tesla CEO Elon Musk argued Friday that his Twitter use did not violate a settlement agreement with the U.S. Securities and Exchange Commission and that the agency’s request to have him held in contempt is based on a “radical interpretation” of the order, according to court papers filed in Manhattan federal court. The SEC has asked […]
View More Elon Musk defends tweets in SEC’s contempt proceedings