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Transportation
Lyft has announced its first foray into the European market with a $197 million cash acquisition of FREENOW, a leading multi-mobility platform headquartered in Germany. The deal, which will see Lyft acquire FREENOW from BMW and Mercedes-Benz Mobility, marks a strategic turning point for the U.S.-based ride-hailing company.
Transportation
After months of showcasing its autonomous tech across the U.S., Nuro has raised $106 million in fresh capital — a strategic move to advance its new licensing-focused business model and deepen commercial partnerships. The Series E round, while a down round compared to previous valuations, brings Nuro’s total funding
Transportation
Amazon’s autonomous vehicle subsidiary, Zoox, has officially hit the streets of Los Angeles—but not with its iconic robotaxis just yet. Instead, the company has deployed a fleet of manually-driven Toyota Highlanders, retrofitted with its self-driving technology, to begin a crucial phase of data gathering and mapping across the
Artificial Intelligence (AI)
Despite economic headwinds and geopolitical uncertainty, artificial intelligence continues to dominate the investment landscape. A prime example is Rescale, a rising force in AI-driven physics modeling, which just closed a $115 million Series D funding round. The round attracted a powerhouse roster of backers, including Nvidia and Foxconn, and added
Transportation
Waymo, the self-driving arm of Alphabet, has announced its plans to launch a commercial robotaxi service in Washington D.C. by 2026. The rides will be available through the Waymo One app, adding the nation’s capital to a growing list of U.S. cities where the company is deploying
Automotive
Chinese electric vehicle giant BYD has officially surpassed Tesla in annual sales and vehicle deliveries, marking a major milestone in the global EV race. In a Monday earnings release, BYD reported an impressive $107 billion in 2024 revenue, outpacing Tesla’s $97.7 billion. The Shenzhen-based automaker also delivered a
Automotive
South Korean conglomerate Hyundai is set to unveil a sweeping $20 billion investment into U.S. manufacturing and onshoring efforts, a move that includes a new $5 billion next-generation steel plant in Louisiana. The announcement is expected to be made Monday at the White House alongside President Donald Trump, Hyundai
Automotive
Tesla has issued a major recall affecting 46,096 Cybertrucks in the U.S. due to a faulty piece of exterior trim that may detach while the vehicle is in motion—posing a serious safety risk to other drivers. The recall, filed with the U.S. National Highway Traffic Safety
Transportation
Waymo is officially opening up its fully driverless robotaxi service to the public in Silicon Valley, marking a significant milestone for the company in the place where its journey began. Starting today, Waymo One — the company’s autonomous ride-hailing app — will operate 24/7 across a 27-square-mile area that includes
Transportation
Uber users in Austin are now seeing a new option in their app: an invitation to express interest in hailing a Waymo robotaxi. While the service isn’t live yet, it will be soon. This move is part of Uber and Waymo’s latest partnership, set to launch in early
Automotive
Rivian has finalized a $6.6 billion loan with the U.S. Department of Energy (DOE), marking a significant step in its plans to expand manufacturing operations. The loan, originally announced in November, will fund the development of a factory in Georgia, east of Atlanta. Construction is set to begin
Automotive
The Federal Trade Commission (FTC) has taken action against General Motors (GM) and its subsidiary OnStar for allegedly sharing customer data without consent. The move follows an investigation prompted by a report from The New York Times revealing that GM collected detailed information about customers' driving habits and sold