Category: transportation
Rocket Lab readies parachute tests for its rocket recovery and reuse program
Rocket Lab is proceeding as planned with its efforts to recover and reuse spent rocket boosters from its Electron launch vehicle, and has completed its first prototype parachute for use in the recovery process. Rocket lab CEO Peter Beck announced last year that it would be aiming for reusability with…
Read More
Layoffs hit another Softbank co as $3.2B Flexport cuts 50
Fearing weak fundraising options in the wake of the WeWork implosion, late stage startups are tightening their belts. The latest is another Softbank-funded company, joining Zume Pizza (80% of staff laid off), Wag (80%+), Fair (40%), Getaround (25%), Rappi (6%), and Oyo (5%) that have all cut staff to slow…
Read More
This is the production version of Tesla’s Model Y
We first met the prototype Model Y crossover last year, and this week during the company's earnings call, Elon Musk said deliveries of the vehicle will start in March. In the documents released (PDF), Tesla also showed off this picture of the car's p… Source
Read More
How Bykea is winning Pakistan’s ride-hailing and delivery market
With less than $7M in VC funding, the startup is beating Uber Manish Singh 9 hours Increasingly, the streets of Karachi and Lahore are being flooded with men riding bikes and wearing green T-shirts, a writer friend recently told me. In a sense, these men represent the emergence of Pakistan’s…
Read More
Indian ride-hailing firm Ola to launch in London on February 10
Ride-hailing firm Ola will begin operations in London on February 10, it said today as the Indian firm slowly expands into new international markets and widens its competition with Uber, another SoftBank portfolio firm. Ola said it will be “fully operational from day one” in London, where it has signed…
Read More
SpaceX reportedly looking to build Starship rockets at Port of LA
SpaceX is said to be in talks with local government officials about setting up a new rocket factory in the Port of Los Angeles, a location that would give it easy access to the ocean for transporting its next-generation Starship and Super Heavy launch vehicles to its coastal launchpad sites…
Read More