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Another former Uber executive is joining Travis Kalanick’s robotics and industrial AI startup Atoms, just a few weeks after it raised $1.7 billion. Gautam Gupta, the former finance chief under Kalanick, said in social media posts on Wednesday that he has joined Atoms as chief financial officer. Gupta spent more than four years at Uber…
Indian electric vehicle startup River on Wednesday said it had raised $120 million to scale manufacturing for its next phase of growth. The Series C round was led by Indian investors Elev8 Venture Partners and Claypond Capital, with participation from Singularity AMC, Anicut Capital, 360 ONE Asset, JIF Capital, and HDFC AMC, alongside existing backers…
Lucid Motors said Tuesday that its “operational reset” will focus on $1.4 billion in cash reductions along with three other “must win” and potential money-making priorities that include robotaxis, its factory in Saudi Arabia, and launching a mid-sized electric vehicle. But that mid-sized vehicle, which is supposed to start at under $50,000, is now delayed…
Elon Musk spent SpaceX’s first earnings call making some out-of-this-world claims about the company’s business and future prospects, while his fellow executives kept trying to bring his ideas closer to Earth — providing a hint of what’s to come now that his rocket-launching, compute-leasing, satellite-based telecom is public. The conference call, held Tuesday, was the…
Autonomous car maker Waymo has dropped the waitlist for its robotaxi service in Dallas, opening it up to all residents and visitors. This is the latest step in the Alphabet-owned company’s bid to scale its self-driving technology across Europe, the United Kingdom, and the United States. Waymo said Tuesday that anyone can now download the…
Elon Musk wants you to believe Tesla is no longer a car company, even if it’s still shaped like one. The company shipped nearly half a million cars last quarter and made 70% of its money from car sales. Still, Musk has spent the last few years making the case that Tesla is really an…
Welcome back to TechCrunch Mobility, your hub for the future of transportation and now, more than ever, the role AI is playing in it. To get this in your inbox, sign up here for free — just click TechCrunch Mobility! TechCrunch covered a couple of stories this week that illustrate the countervailing forces at play…
Uber has partnered with — and in some cases made direct investments in — more than 30 autonomous vehicle companies over the past two years. And it’s taking a global approach. Here, TechCrunch tracks every one of those moves in one place. But first, a bit of history. Uber was, at one time, developing and testing…
Federal safety regulators have given Zoox a temporary exemption that will allow the Amazon-owned autonomous vehicle technology company to charge customers for rides in its custom-built robotaxi. The exemption from certain federal motor vehicle safety standards, which was announced Thursday by the National Highway Traffic Safety Administration, was one of the last remaining regulatory hurdles…
Chinese tech giant Baidu has started testing autonomous vehicles in London as part of its partnership with Lyft and Freenow, the German taxi and multi-mobility app that Lyft now owns. Baidu is the latest in a string of companies to test self-driving technology in the UK ahead of commercial robotaxi deployments. The testing, which began…