Tag: transportation
Bird shuts down Circ operations in Middle East, scraps as many as 10,000 scooters
Bird has shut down scooter sharing in several cities in the Middle East, an operation that was managed by Circ, the micromobility startup it acquired in January. About 100 Circ employees have been laid off and as many as 10,000 Circ scooters have been sent to a third-party UAE-based company…
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Singapore’s micromobility startup Beam raises $26 million
Beam, a Singapore-headquartered micromobility firm that offers shared e-scooters, has raised $26 million in a new financing round as it looks to expand its footprint in Korea, Australia, Malaysia, New Zealand, and Taiwan. Sequoia India and Hana Ventures led the two-and-a-half-year-old startup’s Series A financing round, while several more investors…
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Modified Cessna is the ‘largest’ electric aircraft to take flight
Electric aircraft are ever so slightly closer to becoming a practical reality for travel. Magnix and AeroTEC have flown what they say is the world’s largest all-electric aircraft. Their modified Cessna 208B Grand Caravan, the “eCaravan,” flew for 30… Source
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The Station: Amazon eyes Zoox, Aurora goes back to school and Cabana hits the road
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hi and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point…
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Uber latest features lets riders book by the hour and make multiple stops
Uber is bringing a new feature to the U.S. that lets users book rides for $50 an hour and make multiple stops as the ride-hailing company tries to respond to changing consumer needs during the COVID-19 pandemic. The hourly booking feature, which is already available in a handful of international…
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SoftBank pours $500M into Didi in China’s biggest autonomous driving round
The race to automate vehicles on China’s roads is heating up. Didi, the Uber of China, announced this week an outsized investment of over $500 million in its freshly minted autonomous driving subsidiary. Placing the bet — the single largest fundraising round in China’s autonomous driving sector — is its…
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