Uber sets up new tech hub in Paris focusing on artificial intelligence and flying taxis May 24, 2018 Uber’s flying taxi plans are well and truly taking off. The company announced this morning that it will be building a new advanced technologies centre in Paris for research focused on its flying taxi Uber Elevate project. The research and development hub will be its first outside of North America, and over the next five [...]
Daimler and Chinese firm Geely team up to manufacture Smart compact city cars March 28, 2019 Daimler is to produce its next wave of Smart model electric cars in China via a joint venture with Chinese car manufacturing giant Geely. Geely took a stake of nearly 10 per cent in the German car maker last year, saying it wanted to create an alliance to make electric and autonomous vehicles (EVs and [...]
Softbank suffers £380m writedown in Oneweb stake August 18, 2019 Softbank is said to have written down its stake in Oneweb by £380m as the British satellite company contends with the sky-high costs of its planned launches. Oneweb has burned through billions of pounds as it looks to create a network of satellites providing high-speed broadband across the globe. Read more: Oneweb lands $1.25bn in [...]
Grab eyes $2bn more funding this year as it looks to create ‘app for everything’ April 8, 2019 Softbank-backed startup Grab is hoping to raise another $2bn (£1.5bn) in funding this year as it embarks on an aggressive expansion plan. The Singapore-based ride-hailing app has already raised $4.5bn in a fundraising round led by Japanese investment giant Softbank. Read more: Lyft takes a wrong turn as shares fall below float price But chief [...]
Ride-hailing giant Uber is in talks to team up with rival Waymo on driverless cars, says CEO May 31, 2018 Ride-hailing firm Uber is now in talks with Alphabet’s autonomous driving firm Waymo on a possible future together using Uber’s taxi app despite its previous rivalry, its CEO said last night. Speaking at a conference in the US, Dara Khosrowshahi said that Uber’s relationship with Waymo has been improving since the outcome of a legal [...]
How e-scooters, self-driving cars, and flying taxis will shape the future of your commute February 10, 2020 An air of tranquility hangs about Stratford’s electric scooter riders. Their bodies are still, poised, as they glide by on this crisp February morning. I try to copy them and end up skidding along, struggling to figure out how to position my feet — but after a couple of wobbles I’m gliding too. As I [...]
Just Eat revenue rises as it hopes for £9bn end-of-year merger with Takeaway.com October 21, 2019 Just Eat’s third quarter revenue rose 25 per cent, it revealed today, as it hopes a £9bn merger with Dutch rival Takeaway.com willbe tied up by the end of the year. Despite this, shares fell five per cent in early trading as analysts were sceptical the deal would get past shareholders at a meeting pencilled [...]
Renault-Nissan-Mitsubishi alliance considering self-driving tie-up with Google’s Waymo February 5, 2019 A trio of major vehicle manufacturers is said to be in advanced talks with Google's autonomous driving unit Waymo on utilising the division's tech for transport services. The Renault-Nissan-Mitsubishi alliance is exploring a tie-up with Waymo in which the two parties would develop self-driving taxis as well as other mobility-as-a-service infrastructure, the Nikkei reported today. The [...]
Ride-hailing app Lyft set to raise $2bn in New York float March 18, 2019 Ride-hailing platform Lyft expects to raise as much as $2bn (£1.5bn) when it floats on the New York Stock Exchange later this month. In a filing the firm said its initial public offering (IPO) will consist of 30.7m shares priced between $62 and $68, meaning it could raise a total of $2.4bn. Read more: Lyft [...]
Overcrowding is the worst thing about London transport, survey finds August 22, 2019 Overcrowding is the main gripe Londoners have with the transport system, a new survey has found. More than half of Londoners think crammed trains and Tubes are the worst thing about public transport in the capital, according to a YouGov survey commissioned by the London Assembly’s transport committee. Read more: Ride the UK heatwave: Here [...]