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Posts Tagged ‘transport’

With $5 million in hand, The Routing Company is giving public transit authorities a ride-sharing service

James *** spent much of his professional career at Uber trying to ***** the problem of how to reduce congestion through ride-sharing. As one of the architects of the Uber Pool service and a longtime proponent of ride-sharing as a means to slash vehicle emissions, *** leapt at the chance to harness technology developed at ...

Loadsmart raises $90 million to further consolidate its one-stop freight and logistics platform

Leading on-demand digital freight platform Loadsmart has raised a $90 million Series C funding round, led by funds under management by BlackRock, and co-led by Chromo Invest. The funding will be used to continue to build out its platform to offer even more end-to-end logistics services to its freight customers, and the company says that ...

Honda to mass-produce Level 3 autonomous cars by March

Honda claims it will be the first automaker to mass-produce vehicles with autonomous capabilities that meet SAE Level 3 standards, with plans to begin producing and selling a version of its Honda Legend luxury sedan with fully approved automated driving equipment in Japan from next March. Honda announced the news via press release (via Reuters) ...

Here’s your first look at Boom Supersonic’s faster-than-sound XB-1 demonstrator aircraft

Boom Supersonic is closer than ever to its goal of introducing supersonic commercial aviation back tot he global stage – the Colorado-based startup unveiled the final design of its XB-1 demonstrator aircraft today. This is a fully functional prototype airplane, which will help the company test out the flight capabilities and systems that will eventually ...

German space agency reveals an autonomous, electric urban mobility prototype for use right here on Earth

The German Aerospace Center (DLR) has debuted a prototype of what it calls ‘U-Shift,’ an urban mobility vehicle designed for multiple uses. U-Shift is a fully electric vehicle, designed for autonomous operation, and could serve in a number of capacities including as an on-demand shuttle, a bus, a mobile distribution center for package delivery, or ...

Ford, Bosch, and Bedrock announce an automated valet parking garage in Detroit

Ford, Bosch, and Bedrock Technologies today announced an automated valet parking demonstration in downtown Detroit. This system is designed to allow drivers to exit a vehicle and the vehicle would park itself in the parking structure. Systems in a Ford Escape test vehicle communicate with Bosch sensors to locate an empty parking location and move ...

China’s electric SUV maker Li Auto raises $1.1 billion in U.S. IPO

Trade tensions between China and the U.S. have not stopped Chinese companies from eyeing to list on American stock exchanges. Li Auto, a five-year-old Chinese electric vehicle startup, raised $1.1 billion through its debut on Nasdaq on Thursday. The Beijing-based company is targeting a growing Chinese middle class who aspire to drive cleaner, smarter, and ...

cargo.one gets $18.6M to take its air freight booking platform over the pond

Berlin -based cargo.one, which runs a marketplace for booking air freight, has closed an $18.6 million Series A round of funding led by Index Ventures. Next47 and prior backers Creandum, Lufthansa Cargo and Point Nine Capital also participated in the round, along with a number of angel investors — including Tom Stafford of DST Global ...

Damon Motors targets Tesla owners with its 200 MPH hyper-safe e-moto

Damon Motorcycles doesn’t want to become the Tesla of e-moto companies. But the startup does believe its EV two-wheeler is the first to capture the ethos of Tesla owners. That’s the target market for Damon’s new $24,995 Hypersport, according to CEO Jay Giraud. The Vancouver-based startup unveiled the e-motorcycle today at the Consumer Electronics Show ...

Investors find a spot for $65 million in Passport’s parking management tech

The big new round of funding for Passport’s ticketing and parking management tech proves that software can even disrupt something as mundane and seemingly low-tech as the parking lot. The startup, which just raised $65 million in new financing from investors is a permitting, parking and ticketing management service for cities, office parks and campuses. ...