Search Results: lyft

Xpeng Announces Hong Kong IPO, Could Raise $2B for Electric, Autonomous Vehicles

Found in News and Content

…IPO, Woven Planet's acquisition of Lyft's Level 5 division for $550 million, Momenta's $500 million fundraising, and DiDi Autonomous Driving's $300 million round. Xpeng said it plans to plans to use the net proceeds from its global offering to expand its product portfolio and develop more advanced technologies. It also intends to accelerate its business expansion by enhancing brand recognition,…

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Hesai Raises Series D of $300M to Scale Hybrid Lidar Production

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…lidar sensors to AutoX, Nuro, Lyft, Navaya, WeRide, and Zoox. Investors want lidar for multiple applications GL Ventures, the venture capital arm of Hillhouse Capital, led Hesai's Series D round. Chinese Internet provider Meituan and smartphone maker Xiaomi and also participated, as did Citic Private Equity (CPE) Funds Management. Other investors included Baidu, Bosch, Huatai International Private Equity Fund, and…

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Toyota Unit Woven Planet to Acquire Lyft’s Level 5 Autonomous Driving Division for $550M

Found in News and Content

…self-driving division of ride-hailing company Lyft Inc. This marks the first major deal for the newly established Woven Planet and continuing consolidation in the autonomous vehicle space. Woven Planet Group launched in January 2021 as an expansion of the operations of Toyota Research Institute - Advanced Development Inc. (TRI-AD) with the motto of “Mobility to Love, Safety to Live.” It…

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The Future of Freight: Einride Unveils New Driverless Vehicles for Autonomous Freight Hauling

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…affect about 300,000 Uber and Lyft drivers in the U.S. Replacing Truck Drivers The replacement of drivers will be one of the most dramatic, visible battlegrounds between automation and the human worker. Companies can eliminate the jobs of call center workers, retail clerks, fast-food workers, and the like with minimal violence and fuss. Truck drivers will be different. Right now,…

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Fictiv’s Digital Manufacturing Ecosystem Delivers Radical Transparency Features

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…Supply Chain at Level 5, Lyft’s autonomous vehicle unit, agrees. Key Transparency Features Available now, Fictiv’s radical transparency initiative includes these key features: On-Demand Production Status: detailed current production status of all the parts within every order, immediately and online; Virtual Inspection Photos: inspection photos from manufacturing partner facilities, before the parts are delivered; Centralized Access to Quality Documentation: material…

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Self-Driving Cars are Leveling Up in Autonomy

Found in News and Content

…service providers like Uber and Lyft are interested in Level 4 and 5 autonomy. So are densely populated cities with mass transit challenges. “In that setup, I can’t foresee human drivers and autonomous cars sharing the road. The mixture is not safe. What we need are vehicles that can talk to one another, and also talk to the infrastructure, such…

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Truckers Prepare For Era of Self-Driving Autonomous Trucks

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…out kinks in the technology. Lyft and General Motors are combining efforts. And of course, Tesla and its innovative CEO Elon Musk, the peripatetic Canadian-American business magnate, investor, engineer, and inventor are bullish. The U.S. chip-making giant Intel announced Monday that it had reached a deal to acquire an Israeli company called Mobileye for $15 billion. The combination is expected…

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Why the Tech Giants are Focusing on Trucks and Ships

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…US with investments in Jet.com, Lyft and Groupon. It has encountered difficulties while doing this, including a sale last year of 11 Main, a local marketplace. Alibaba’s real competitive advantage may lie in its anticipated rapid development of the local Chinese logistics infrastructure, which could give it ownership of low origin prices for exports as well as fulfillment on shipments…

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General Motors Acquires Cruise Automation to Speed Self-Driving Car Strategy

Found in News and Content

…$500 million in ride-hailing company Lyft Inc and followed that by forming a new car-sharing brand operation called Maven. The company has also established a separate unit for autonomous vehicle development. GM executives have outlined plans to develop self-driving vehicles, including autonomous electric vehicles, that could be deployed in ride sharing operations in various markets. Other automakers are forging into…

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