Voyage raises $31 million to bring driverless taxis to communities

Voyage, the autonomous vehicle startup that spun out of Udacity, announced Thursday it has raised $31 million in a round led by Franklin Templeton. Khosla Ventures, Jaguar Land-Rover’s InMotion Ventures, and Chevron Technology Ventures also participated in the round. The company, which operates a ride-hailing service in retirement communities using self-driving cars supported by human […]

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Elon Musk promises to take Tesla Model S to ‘Plaid’ with new powertrain

Tesla CEO Elon Musk promised a more powerful powertrain option in future Model S, Model X and the next-generation Roadster sports car that will push acceleration and speed beyond the current high bar known as Ludicrous mode. Musk tweeted Wednesday evening “the only thing beyond Ludicrous is Plaid,” a teaser to a higher performing vehicle […]

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Ford unveils lineup for Europe to outpace gas and diesel vehicle sales by 2022

Ford unveiled a range of hybrid vehicles Tuesday at the Frankfurt Motor Show as part of its plan to reach sales of 1 million electrified vehicles in Europe by the end of 2022. Ford introduced hybrid and plug-in hybrid versions of the Mondeo wagon, Puma compact crossover, Kuga (shown below) and Explorer SUVs as well as […]

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Let’s look inside Volkswagen’s new ID.3 electric hatchback

The Volkswagen ID.3 that debuted ahead of the IAA International Motor Show in Frankfurt looks like a compact hatchback. And it is. But inside customers might feel like they’re sitting in a bigger car, thanks to how engineers and designers took advantage of the electric architecture. Without having to contend with an internal combustion engine, […]

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Volta Charging raises another $20 million to expand ad-supported EV charging network

Volta Charging, the San Francisco-based company that combines outdoor digital advertising with charging stations to give electric vehicle owners free power, has added another $20 million in a follow-on to its Series C round. The company’s Series C round is now closed at $100 million. Schneider Electric Ventures, SK Innovation, Energize Ventures and a number […]

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Uber commits $200 million to Uber Freight expansion in bet on trucking and Chicago

Uber Freight is establishing its headquarters in Chicago as part of Uber’s broader plan to invest more than $200 million annually in the region, including hiring hundreds of workers. Uber said Monday it will hire 2,000 new employees in the region over the next three years, most of which will be dedicated to Uber Freight […]

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Uber has surveyed some drivers on small loans, suggesting financial products are coming

Back in June Uber went on a hiring spree in New York, hiring at least 100 fintech-oriented tech workers to ostensibly look at creating products to increase loyalty and engagement among users and drivers, including things like banking. Cue a flurry of speculation. It now looks like Uber is taking baby-steps towards building such a […]

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SoftBank-backed Getaround is raising $200M at a $1.5B+ valuation

And the next car-sharing unicorn is…

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VW Group to pay $96.5M to settle inflated fuel economy lawsuit

VW Group of America said Friday it has reached an agreement with thousands of U.S. customers over alleged inflated fuel economy information on about 98,000 gas-powered vehicles from its four brands, Audi, Bentley, Porsche and Volkswagen. The agreement involves alleged misinformation about fuel economy on 98,000 vehicles, or about 3.5% of the model year 2013-2017 […]

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