Arc expands into electric commercial and defense boats with $50M raise
The Los Angeles startup raised $50 million from Eclipse, a16z, Menlo Ventures, and others as it seeks to expand beyond sport boats.
Transportation
Feds intensify investigation into Tesla’s Full Self-Driving (Supervised) software
The National Highway Traffic Safety Administration has upgraded its probe after finding more instances of Tesla’s driving software struggling in low-visibility conditions.
Uber to invest $1.25 billion in Rivian as part of new robotaxi deal
Uber and Rivian are joining forces to deploy 50,000 fully autonomous robotaxis over the next several decades, the companies announced Thursday. As part of the deal, Uber will invest $1.25 billion in Rivian through 2031, contingent on Rivian meeting certain autonomy milestones, starting with an initial $300 million at signing. (The deal is still subject […]
Uber taps Rivian to build robotaxis in deal worth up to $1.25B
Uber is kicking off the partnership with an initial $300 million investment, while Rivian will provide as many as 50,000 autonomous R2 SUVs.
Amazon doesn’t want the blame for the Post Office going under
Amazon is going on the defensive after a report from The Wall Street Journal revealed that the ecommerce giant plans to slash shipments with the United States Postal Service, which said this week that it’s running out of money. In a lengthy statement published on Wednesday, Amazon says it didn’t want to reduce shipments with […]
Pardoned Nikola founder Trevor Milton is trying to raise $1B for AI-powered planes
He told the Wall Street Journal he thinks autonomous planes will be “10 times harder than Nikola ever was.”
The great EV pullback: all the obstacles, cancellations, and delays
The auto industry bet big on electric vehicles, but now those ambitious goals are falling apart. Demand was already slowing down when Donald Trump took office and took an ax to pro-EV policy: the elimination of the federal EV tax credit, kneecapping clean energy, and bulldozing emissions rules. Tariffs have been taking their toll as […]
BMW brings back the i3 as a funky four-door EV
BMW’s new class of EVs begins with the iX3 SUV, but you had to know it wouldn’t end there. The company’s engineers didn’t spend all that time working up a completely redesigned and substantially more efficient EV platform just for one crossover, and now it’s time for the second wave. Meet the new i3, which […]
Two more EVs for the trash heap: Volvo EX30 and Honda Prologue
The steady stream of news about automakers cancelling or discontinuing electric vehicles continues apace. This week it’s Volvo’s small, quirky EX30 and Honda’s solo electric offering in the US, the Prologue. Both are the latest victims of stagnating EV sales in the US thanks to the Trump administration’s decision to eliminate tax incentives. First, the […]
Nvidia says China’s BYD and Geely will use its robotaxi platform
Nvidia added two leading Chinese automakers, BYD and Geely, to its robotaxi program, as the chipmaker seeks to put its stamp on the growing autonomous vehicle market worldwide. At its GTC conference today, Nvidia announced that BYD and Geely, as well as Isuzu and Nissan, would use the chipmaker’s Drive Hyperion platform, which combines the […]