Category: Washington D.C.
Polestar to open first U.S. stores in the second half of 2020
Polestar’s first U.S. retail stores will open in Los Angeles, New York City and two locations in San Francisco later this year — the latest milestone for the automaker as it gets closer to bringing its all-electric vehicle to market. Polestar, which is jointly owned by Volvo Car Group and…
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Uber drivers and riders will be required to wear face coverings
Uber is planning to require drivers and riders to wear face masks as it prepares to ramp its ride-hailing business back up after being hobbled by the COVID-19 pandemic. CNN was first to report that executives approved a new policy that would require drivers and riders to wear face masks…
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GM exits car-sharing business and shuts down Maven
GM’s experiment with car sharing is over. The automaker Tuesday said its Maven car-sharing service, which launched in 2016, will shut down for good. Maven had paused service due to the COVID-19 pandemic. The company sent an email to customers Tuesday that after examining the business, the car-sharing industry and…
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The Station: Via hits $2.25B valuation, letters from readers, layoffs in a time of COVID-19
Hi, and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages travel from Point A to Point B. I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. If this is your first time, hello; I’m glad you’re with us. I have started…
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On-demand shuttle startup Via hits $2.25 billion valuation on latest funding round led by Exor
On-demand shuttle startup Via has hit a $2.25 billion valuation following a Series E funding round led by Exor, the Agnelli family holding company that owns stakes in PartnerRe, Ferrari and Fiat Chrysler Automobiles. The Series E funding round, which included other investors, totaled $400 million, according to a source familiar…
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SpaceX cautions on launch regulation that outpaces innovation
During the Federal Aviation Administration’s (FAA) 23rd annual Commercial Space Transportation Conference in Washington, D.C., one panel focused on the changing regulatory environment when it comes to private launch activities, and how those are integrated into existing rules and practices for managing commercial air transportation. Panelist Caryn Schenewerk, SpaceX senior…
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