Uber spent $457 million on self-driving and flying car R&D last year

Uber spent $457 million last year on research and development of autonomous vehicles, flying cars (known as eVTOLs) and other “technology programs” and will continue to invest heavily in the futuristic tech even though it expects to rely on human drivers for years to come, according to the company’s IPO prospectus filed Thursday. R&D costs […]

Sony venture arm invests in geocoding startup what3words

Sony’s venture capital arm has invested in what3words, the startup that has divided the entire world into 57 trillion 3-by-3 meter squares and assigned a three-word address to each one. Financial details were not disclosed. The startup’s novel addressing system isn’t the whole story. The ability to integrate what3words into voice assistants is what has […]

ChargePoint is adding 2.5M electric vehicle chargers over the next 7 years

Electric vehicles still make up just a fraction of the cars, trucks and SUVs on the road today. But that’s changing: The number of electric and plug-in hybrid cars on the world’s roads exceeded 3 million in 2017. By 2025, there are expected to be 20 million electric vehicles in just North America and Europe. […]

Taxify is entering the e-scooter game

Estonian ride-hailing company Taxify will compete with Bird and Lime in Europe with its new brand of e-scooters, called Bolt, launching in Paris on Thursday. The company has rolled the scooter sharing service into its mobile app, which has attracted 10 million users in 25 countries since it launched in August 2013. A spokesperson for […]

Uber’s European rival Taxify raises $175M led by Daimler at a $1B valuation

There’s a new unicorn in the global ride-hailing space after Taxify, a startup born in Estonia that does battle with Uber across Europe and Africa, closed $175 million in new funding that takes it valuation to the $1 billion mark. Daimler, the German automotive giant which owns Mercedes-Benz among other things, led the round. The investment […]

Here and Naver Labs ink robotics deal to map indoor spaces

Your trip through the airport or train station may soon become a little more crowded — not with people, but with robots, busily scanning and plotting the space so that one day, even more of their cousins can zip around with your luggage and Shake Shack orders. Here, the mapping company majority-owned by Audi, BMW […]

Mercedes-Benz’s new MBUX in-car assistant and smart UI rocks

It’s rare that I pay much attention to automaker infotainment and multimedia system updates at CES – usually there’s too much going on with autonomy, electrification and mobility services to give it much thought. This year, however, Mercedes-Benz had one of the most interesting announcements at the show with its new MBUX smart multimedia system […]

Daimler acquires majority stake in French Uber competitor

 Daimler has acquired a majority stake in Chauffeur Privé, a French app that provides ride hailing services in Paris, Lyon and the Côte d’Azur (via Tech.eu). The ownership stake means that Daimler now has controlling interests in a number of smaller Uber competitors, particularly operating in Europe and MENA, including MyTaxi and Careem. The automaker […]

BMW, Daimler, Ford and Volkswagen team up on high-power charging network

 BMW Group, Daimler, Ford Motor Company, and the Volkswagen Group (with subsidiaries Audi and Porsche) will join up to create a high-power charging network for electric vehicles called “Ionity,” which will build and operate around 400 charging stations across Europe by 2020. The collaborative venture formed by the automakers is intended to make it easier […]

Daimler’s new electric heavy-duty truck has 220 miles of range

Daimler has a new all-electric semi truck that it revealed at this year’s Tokyo Motor Show, with a range of around 220 miles on a single charge and a heavy-duty towing capacity of around 11 tons, or just two tons less than its diesel equivalent. The Vision One packs in batteries with storage capacity of […]