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Main article: Cars

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Topics from 1 to 10 | in all: 442

Tractable claims $25M to sell damage-assessing AIs to more insurance giants

14:39 | 27 February

London-based insurtech AI startup Tractable, which is applying artificial intelligence to speed up accident and disaster recovery by using computer vision to perform visual damage appraisal instead of getting humans to do the job, has closed a $25 million Series C, led by Canadian investment fund Georgian Partners.

Existing investors also participated, including Insight Partners and Ignition Partners. The round nearly doubles the 2014-founded startup’s total funding, taking it to $55M raised to date.

When TechCrunch spoke to Tractable’s co-founder and CEO Alexandre Dalyac, back in 2018, he said the company’s aim is to speed up insurance-related response times around events like car accidents and natural disasters by as much as 10x.

Two years on the startup isn’t breaking out any hard metrics — but says its product is used by a number of multinational insurance firms, including Ageas in the UK, France’s Covéa, Japan’s Tokio Marine and Polish insurer Talanx-Warta — to analyse vehicle damage “effectively and efficiently”.

It also says the technology has been involved in accelerating insurance-related assessments for “hundreds of thousands of people worldwide”.

Tractable’s pitch is that AI appraisals of damage to vehicles/property can take place via its platform “in minutes”, thereby allowing for repairs to begin sooner and people’s livelihoods to be restored more quickly.

Though of course if the AI algorithm denies a person’s claim the opposite would happen.

The startup said its new funding will go on expanding its market footprint. It has customers across nine markets, globally, at this point. And in addition to its first offices in the UK and US recently opened a permanent office in Japan — with the stated aim of serving new clients in the Asia region.

It also said the Series C will be used for continued product development by further enhancing its AI.

Its current product line up includes AI for assessing damage to vehicles and another focused on the appraisal of damage caused by natural disasters, such as to buildings by hurricanes.

“Our AI solutions capture and process photos and damage and predict repair costs — at scale,” Tractable claims on its website, noting its proprietary algorithms can be fed by “satellite, drone or smartphone imagery”.

Commenting on the funding in a statement Lonne Jaffe, MD at Insight Partners and also Tractable board director, said: “Tractable has achieved tremendous scale in the past year with a customer base across nine countries, a differentiated data asset, and the expansion of their team to over 100 employees across London, New York, and now Tokyo. We are excited to continue to invest in Tractable as the team brings its powerful AI technology to many more countries.”

Emily Walsh, principal at Georgian Partners, added that the startup’s “sophisticated approach to computer vision applied to accident recovery is resonating with the largest players globally, who are using the platform to make real-time, data-driven decisions while dramatically improving the customer experience”.

“We’re incredibly excited to partner with the Tractable team to help them move even faster on bringing the next wave of technological innovation to accident and disaster recovery across the world,” she added.

It’s worth noting that in the EU citizens have a right, under data protection law, to (human) review of algorithmic decisions if they a legal or similarly significant impact — and insurance would likely fall into that category.

EU policymakers also recently laid out a proposal to regulate certain “high risk” AI systems and said they intend to expand the bloc’s consumer protection rules by bringing in a testing and certification program for the data-sets that feed algorithms powering AI-driven services to support product safety.

 


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Hot Wheels made two remote-controlled Tesla Cybertruck toys

21:24 | 21 February

Hot Wheels will ship you a Cybertruck long before Tesla is likely to make any deliveries on their electric retro-future wheels trapezoid: The toy maker just unveiled two different RC Cybertruck models, including a 1:64 scale model at just $20 – and a much larger 1:10 scale version for $400.

These are available to pre-order now, but like most of Tesla’s cars, just because they’re introduced doesn’t mean you can go out and buy one immediately. They’re set to ship in time for the holidays, however, with a December 15, 2020 estimated availability date according to the Hot Wheels website.

These look like very faithful representation of the Cybertruck that Tesla unveiled at a special event back in November, and the large version includes a “reusable cracked window vinyl sticker” that you can use to recreate the on-stage flub that happened at the actual reveal. You’ll have to supply your own large metal medicine ball.

[gallery ids="1949609,1949608,1949607,1949606,1949605,1949604,1949602"]

Other features of the 1:10 scale Cybertruck including functioning headlights and taillights, all-wheel drive, true to form ‘Chill’ and ‘Sport’ modes, a removable tonneau cover, a working telescopic tailgate and more.

The smaller and much more affordable version is just 3-inches long, which is basically what you’d expect from a traditional Hot Wheels mini model, and it can achieve a “up to 500mph scale speed” which someone who is better than me at math can figure out what that translates to.

These are available now, to people in the U.S. and Canada, but I expect them to be pretty hot sellers based on the general fervor and interest around all things Cybertruck to date.

 


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The debut of electric pickups signals a new EV era

02:53 | 21 February

Several companies rolled out electric pickups in 2019. Tesla’s Cybertruck got most of the attention, but don’t sleep on General Motors and Ford — bringing electric pickups to market is critical for the viability of electric vehicles.

Automakers build vehicles around shared components. These platforms, the underpinnings of the vehicles, often live for 10 or more years, and are critical to each automaker’s economic stability. The exterior sheet metal might change, but dozens of models often share the frame, powertrain and electrical components.

Electric pickup platforms offer vehicle makers a new revenue source. Instead of building electric vehicles designed to move people, these platforms can move goods. That’s key to building a long-term strategy around electric vehicles.

Look at Ford, whose best-selling F-150 is just a portion of its success. From the F-150, the automaker has dozens of commercial vehicles built off platforms that share components. If Ford can produce an electric pickup — which it says it’s doing alongside startup Rivian — Ford will be able to electrify its commercial offering more quickly.

Specific vehicle platforms are perfect for electrification. Vehicles with a predictable driving route like municipal vehicles, delivery vans and even hearses could benefit from electric powertrains.

Electric powertrains have long offered advantages over internal combustion; electric counterparts feature fewer moving parts and are now often smaller, allowing for more interior space. And then there’s the torque that gives electric vehicles near-superhero strength.

 


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The Station: Lucid Motors spy shot and the birth of an AV startup

01:27 | 18 February

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.

Hello again — or perhaps for the first time. This is Kirsten Korosec, senior transportation reporter at TechCrunch and your host here at The Station. This weekly newsletter will also be posted as an article after the weekend — that’s what you’re reading now. To get it first, subscribe for free. Please note that there will be not be a newsletter Feb. 22.

It was a drama-filled week with a hearing on the hill in D.C. about autonomous vehicle legislation that got a bit tense at times. Meanwhile, Uber tipped its hat to the past, EV startup Lucid started to lift the veil on its Air vehicle (scroll down for a spy shot!) and micromobility prepared for headwinds in Germany.

Before I ride off into the sunset for my vacation, one reminder for y’all. Don’t forget to reach out and email me at kirsten.korosec@techcrunch.com to share thoughts, opinions or tips or send a direct message to @kirstenkorosec.

Micromobbin’

the station scooter1a

Welcome back to micromobbin’, a regular feature in The Station by reporter Megan Rose Dickey . Before we get into her micromobility insights, a quick note that shared scooters are facing a fight in Germany that has prompted companies to unite over their “shared” cause. (Get it?)

Micromobility vehicles, first legalized in Germany last June, have flooded the marketplace and caused a backlash in cities like Berlin, where at least six apps, including Bird, Circ (now owned by Bird), Lime, Tier, Uber Jump and Voi operate. As the Financial Times first reported, amendments to the country’s Road Traffic Act would give individual cities the power to heavily restrict the areas in which e-scooters can be parked or ban them altogether.

Now back to Dickey’s micromobbin’.

Swiftmile, the startup that wants to become the gas station for electric micromobility vehicles, announced its move into advertising this week. Swiftmile already supplies cities and private operators with docks equipped to park and charge both scooters and e-bikes. Now, the company is starting to integrate digital displays that attach to its charging stations to provide public transit info, traffic alerts and, of course, ads.

“It adds tremendous value because it’s a massive market,” Swiftmile CEO Colin Roche told TechCrunch. “Tons of these corporations want to market to that group but you cannot do that on a scooter, nor should you. So there’s a massive audience that wants to market to that group but also cities like us because we’re bringing order to the chaos.”

Meanwhile, Bird unveiled more details about its loyalty program, called Frequent Flyer. It’s currently in the pilot phase, which means it’s only available in select markets. But the benefits for riding five times in 28 days, include no start fees for rides between 5 a.m. to 10 a.m., Monday through Friday and the ability to reserve your Bird in advance for up to 30 minutes at no cost.

— Megan Rose Dickey

A little bird

blinky cat bird green

We don’t just hear things. We see things too. This week in a little bird — the place where we shared insider news not gossip — I’m going to share two spy shots of a production version of Lucid Motors’ upcoming Air electric vehicle. See below.

The photos of the production version of the Lucid Air was taken during an event hosted for some of the vehicle’s first reservation holders. (I wasn’t there, but luckily some readers of The Station were.) By the way, we also hear that reservations are in the “low four figures.”

Lucid Air production reveal

You’ll notice that the production version of the Air is nearly identical to the beta version. Unfortunately, we don’t see the interior. But reports suggest it falls in the understated luxury category and without giant screens.

Lucid is preparing for the one more important moments in its history as a company. The production version of Air will be unveiled in April at the New York Auto Show. In the run up to the auto show, Lucid is revealing more information about the vehicle, including a recent video that suggested the vehicle had a real-world range of more than 400 miles. Lucid has hit that 400-mile range in simulated testing, but how it operates on the roads is what really matters.

What’s impressive, if those numbers bear out, is that it was accomplished with a 110-kWh battery pack. That’s an improvement from back in 2016 when Lucid said it would need a 130-kWh battery pack to achieve that range. In my past conversations with CEO Peter Rawlinson — and one wild ride with him behind the wheel of an early Air prototype in Vegas — it’s clear he is obsessed with battery efficiency. That apparently hasn’t waned.

Car and Driver, which was at this special event, noted in its report that Rawlinson has a goal to get to five miles per kilowatt-hour. Right now, Tesla can lay claim to the most efficient electric vehicle with the upcoming Model Y at a claimed 4.1 miles per kilowatt-hour.

And late Friday, Tesla CEO Elon Musk tweeted that the Tesla Model S now has an estimated EPA range is now above 390 miles or ~630 km.

Inside the beltway

It got a little prickly on Capitol Hill during a House panel hearing this week that aimed to tackle how best to regulate autonomous vehicles. Watch the hearing to see it all unfold. Here’s a handy link to it.

A quick history lesson: The SELF DRIVE ACT was unanimously passed in 2017 by the Republican-controlled House of Representatives. AV START, a complementary bill introduced in the Senate, failed to pass because Democrats said it didn’t go far enough to address safety and liability issues.

A bipartisan group revived efforts to come up with legislation that would address Democrat concerns and give auto manufacturers and AV developers greater freedom to deploy vehicles that lack controls like a steering wheel or pedals, which are currently required by federal law.

There was some level of public agreement between the traditional auto manufacturers and AAJ over the issue of accountability. But there is still a huge divide between organizations like the Consumer Technology Association and safety advocates and trial lawyers over the issue of forced arbitration.

Groups like the American Association for Justice, a group representing trial lawyers, want to ban forced arbitration in any autonomous vehicle bill.

Meanwhile, CTA president and CEO Gary Shapiro submitted testimony that was clearly opposed to limiting the use of arbitration. The CTA argues that arbitration reduces the cost of litigation and provides more timely remedies.

People who were in the room told me they were surprised by how unwavering Shapiro’s comments were, and suggested that it wasn’t in step with how some auto manufacturers view the issue.

Following the hearing, the House Energy and Commerce and Senate Commerce, Science and Transportation committees circulated seven sections to industry groups covering issues such as crash-data sharing and cybersecurity, according to reporting by Bloomberg Government. There was one missing provision. Any guesses? Yup, the provision dealing with forced arbitration. That has caused some Democrats to abandon the bill.

There are two ways for this bill to survive in this congressional session — by unanimous consent, meaning everyone agrees to it, or by being attached to another bill. The first option is highly unlikely. And the second is just as slim since there are limited opportunities in the Senate to attach self-driving legislation to another bill.

Adventures in ride hailing

Two items to mention that illustrate how the world of ride-hailing continues to evolve.

First up is Uber. The company is piloting a new feature aimed at older adults that will let customers dial a 1-800 number and speak to an actual human being to hail a ride. The pilot is launching in Arizona, followed by other yet unnamed states. Sounds sort of familiar, doesn’t it?

It’s not quite like calling a taxi dispatcher though. You’ll still need a phone that can receive SMS or test messages to get information on the driver and their ETA.

Now let’s jump over to Nigeria where new regulations in the country’s commercial center of Lagos is creating some chaos.

Lagos has started to restrict where shared motorcycles, called okadas, can operate. That is affecting motorcycle-taxi businesses like ORide, Max .ng and Gokada.

In a statement via email, ORide’s Senior Director of Operations, Olalere Ridwan, said the rules entail “a ban on commercial motorcycles…in the city’s core commercial and residential areas, including Victoria Island and Lagos Island.”

The motorcycle taxi limitations have also thrown off Lagos’s disorderly transit grid — overloading other mobility modes (such as mini-buses) and forcing more people to pound pavement and red-dirt to get to work, according to reporter Jake Bright.

Google’s axe sparks a spinoff

Google bookbot-cartken

I wanted to highlight one of our ONMs, otherwise known as original news manufacturers. Ba dum bump.

Freelancer Mark Harris is back with a scoop on Google’s short-lived Bookbot program and how its death sparked a new and still-in-stealth startup called Cartken.

Bookbot was a robot created within the Google’s Area 120 incubator for experimental products. The plan was to pilot an autonomous robot in Mountain View that would pickup library books from users and bring them back to the library. Apparently, it was well received. But it was killed off far before its nine-month pilot was slated to end. Bookbot’s demise followed Google’s decision to scale back efforts to compete with Amazon in shopping.

But Bookbot appears to be back, albeit in a slicker form and with a broader use case than a library book shuttle. Engineers working on Bookbot as well as a logistics expert who was once in charge of operations at Google Express left the company to form Cartken in fall 2019.

Check out Harris’ deep dive into Bookbot, Google’s shift away from shopping and Cartken.

TC Sessions: Mobility savings

You might have heard or read here in this newsletter that TC Sessions: Mobility is returning for a second year on May 14 in San Jose — a day-long event brimming with the best and brightest engineers, policymakers, investors, entrepreneurs and innovators, all of whom are vying to be a part of this new age of transportation.

Now here’s my discount deal for you. To get 10% off tickets, including early bird, use code AUTO. Early Bird sale ends April 9. Early-bird tickets are available now for $250 — that’s $100 savings before prices go up. Students can book a ticket for just $50. Book your tickets today.

So far, we’ve announced:

  • Shin-pei Tsay, director of policy, cities and transportation at Uber
  • Boris Sofman, who is leading Waymo’s autonomous trucking efforts
  • Nancy Sun, Ike Robotics chief engineer and co-founder
  • Trucks VC general partner Reilly Brennan
  • Porsche North America CEO Klaus Zellmer
  • Olaf Sakkers, general partner at Maniv Mobility

Expect more announcements each week leading up to the May 14th event.

 


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Maniv Mobility General Partner Olaf Sakkers is coming to TC Sessions: Mobility

02:49 | 14 February

In case you haven’t heard, TC Sessions: Mobility is back for second year. This one-day event, which will be held May 14 in San Jose, promises to feature some of best and brightest engineers, policymakers, investors, entrepreneurs and innovators, all of whom are vying to be a part of this new age of transportation.

Attendees of TC Sessions: Mobility can expect interviews with founders, investors and inventors, demos of the latest tech, breakout sessions, dozens of startup exhibits and opportunities to network and recruit.

We have announced several speakers for the event, including Klaus Zellmer, the president and CEO of Porsche Cars North America, Waymo’s  href="https://techcrunch.com/2020/01/08/tc-sessions-mobility-2020-boris-sofman-of-waymo-and-nancy-sun-of-ike/">Boris Sofman, Ike Robotics co-founder and chief engineer Nancy Sun, Trucks VC general partner Reilly Brennan and Shin-pei Tsay, director of policy, cities and transportation at Uber.

And now we have another star to add to our TC Sessions: Mobility list. TechCrunch is excited to announce that Olaf Sakkers, general partner at Maniv Mobility will be joining us on stage this year. Sakkers is a founding partner at Maniv Mobility, a global fund investing in mobility.

Maniv started out with a focus on transportation and mobility-related startups in Israel, with a few in investments in the U.S. It expanded its mission to the global stage, a move buoyed by a $100 million fund that it closed last July with backing from 12 corporations, including the venture arms of Aptiv, BMW, Hyundai, Lear Corp., LG Electronics, the Renault-Nissan-Mitsubishi Alliance, Shell and Valeo.

Maniv’s portfolio includes vehicle security company Owlcam, peer-to-peer car-sharing company Turo, teleoperations startup Phantom Auto, autonomous vehicle-focused chipmaker Hailo, shared electric moped company Revel, Spain-based car subscription startup Bipi and in-vehicle software management firm Aurora Labs.

Stay tuned to see who we’ll announce next.

And … $250 Early-Bird tickets are now on sale — save $100 on tickets before prices go up on April 9; book today.

Students, you can grab your tickets for just $50 here.

If you’re an early-stage, mobility startup, make sure you grab an exhibitor package to get your startup in front of today’s leading mobility leaders. Packages come with 4 tickets each and are just $2000. Book yours here.

 


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Tesla is going back to the markets to raise more than $2 billion through stock offering

18:25 | 13 February

Tesla said Thursday it plans to raise more than $2 billion through a common stock offering and will use the funds to strengthen its balance sheet and for general corporate purposes, despite signaling just two weeks ago that it would not seek to raise more cash.

Tesla CEO Elon Musk will purchase up to $10 million in shares in the offering, while Oracle co-founder and Tesla board member Larry Ellison will buy up to $1 million worth of Tesla shares, according to the securities filing.

The automaker has also granted underwriters a 30-day option to purchase up to $300 million of additional common stock. If underwriters exercise that option, Tesla could raise as much as $2.3 billion.

The stock offering conflicts with statements Musk and CFO Zach Kirkhorn made last month during Tesla’s fourth-quarter earnings call. An institutional investor asked that given the recent run in the share price, why not raise capital now and substantially accelerate the growth in production? At the time, Musk said the company was spending money sensibly and that there is no “artificial hold back on expenditures.”

“We’re spending money I think efficiently and we’re not artificially limiting our progress,” Musk said dueing the January 29 call. “And then despite all that we are still generating positive cash. So in light of that, it doesn’t make sense to raise money because we expect to generate cash despite this growth level.”

Kirkhorn added to Musk’s comments noting that the company had laid a good foundation and was not holding back on growth.

“We have two products, two vehicle products launching right now and that will consume much of the bandwidth of the company to stabilize those over the course of the year,” Kirkhorn said. “And then looking into next year, we have even more products launching, more factories. So we want to be smart about how we spend money and grow in a way that’s sustainable. So we don’t fall victim to the mistakes I think we made a year and a half or so ago.”

However, Tesla shares have risen more than 35% since the January 29 earnings call, perhaps proving too tempting of an opportunity to ignore.

This latest stock raise could prove critical to fund Tesla’s number of projects. A regulatory filing posted prior to the stock offering notice indicates Tesla’s capital expenditures could reach as high as $3.5 billion this year.

“Considering the expected pace of the manufacturing ramps for our products, construction and expansion of our factories, and pipeline of announced projects under development, and consistent with our current strategy of using partners to manufacture battery cells, as well as considering all other infrastructure growth, we currently expect our average annual capital expenditures in 2020 and the two succeeding fiscal years to be $2.5 billion to $3.5 billion,” Tesla said in its 10K filing, which was posted Thursday.

 


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Karma Automotive to lay off 60 more workers at California headquarters

02:24 | 13 February

Karma Automotive is laying off 60 workers at its Irvine, Calif., headquarters, just three months after cutting 200 workers, according to documents filed with the California Employment Development Department.

The Chinese-backed California-based startup filed the notice under the Worker Adjustment and Retraining Notification Act, which requires employers to alert the state of mass layoffs. The WARN report was updated Wednesday. The Orange County Register was first to report the layoffs.

A Karma spokesperson confirmed the layoffs and said a majority would be at the headquarters with a significantly smaller number being impacted at its Moreno Valley, Calif. assembly plant. Karma didn’t provide details on its total employee count, but did say “adjustments” will be made at its Irvine headquarters, Moreno Valley assembly plant and its Detroit Technical Center in Troy, Michigan.

Here’s the complete statement from spokesman Dave Barthmuss.

As Karma evolves beyond its initial birth as car company and emerges as a technology-focused innovator, there is a continuous need to adjust the size and skillset of its workforce to fulfill the task at hand. The company has therefore determined it necessary to realign resources in some business functions so it can grow its capabilities beyond just creating and selling luxury electric vehicles.

As Karma builds partnerships with other OEMs and start-ups to speed product development, we must staff appropriately to fully leverage and realize the kinds of efficiencies partnerships and collaborations can provide. The result of that decision is some adjustments at Karma’s Global Headquarters in Irvine, Calif.; the Karma Innovation and Customization Center in Moreno Valley, Calif.; and our Detroit Technical Center in Troy, Mich. Although clearly regrettable for the individuals involved, this action is part of the natural trajectory of a start-up enterprise and underlines Karma’s commitment to remain lean, nimble and focused on building partnerships to encourage success in a changing and hugely competitive marketplace.

The company continues to actively recruit, with emphasis on technology innovation, in functions across the company as we focus on retail deliveries of our current products and developing new vehicle platforms, technologies and business partnerships.

The layoff notice comes just a month after several executive hires at the company, including a chief revenue officer, a new vice president of strategy and vehicle line engineering and a head of supply chain. Karma does have a handful of jobs posted on its website, including 11 positions at its Irvine headquarters and two spots at the Moreno Valley plant.

Karma Automotive launched out of the the remnants of Fisker Automotive, the startup led by Henrik Fisker  that ended in bankruptcy in 2013. China’s Wanxiang Group purchased what was left of Fisker in 2014 and Karma Automotive was born.

It hasn’t been the easiest of roads for the company. Karma’s first effort, known as the Revero, wasn’t received warmly. The Revero GT, which has been described as the first fully conceived product under the Karma name, followed with better reviews. The 2020 Revero GT is being delivered to retail customers, according to Karma.

Karma unveiled in November the Revero GTS and a new electric concept car called the SC2, just weeks after it laid off about 200 workers following a restructuring. Production of the GTS is slated for later this year.

The SC2 is a big part of Karma’s restructuring and plan to reinvent itself as a technology and design incubator that supplies other automakers. The company’s new business strategy is to open its engineering, design, customization and manufacturing resources to other companies. The GTS and SC2 were meant to show automakers what it is capable of.

 


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Hyundai taps EV startup Canoo to develop electric vehicles

01:49 | 12 February

Hyundai Motor Group said it will jointly develop an electric vehicle platform with Los Angeles-based startup Canoo, the latest startup tapped by the automaker as part of an $87 billion push to invest in electrification and other future technologies.

The electric vehicle platform will be based on Canoo’s proprietary skateboard design, according to the agreement that was announced Tuesday. The platform will be used for future Hyundai and Kia electric vehicles as well as the automaker group’s so-called “purpose built vehicles.” The PBV, which Hyundai showcased last month at CES 2020, is a pod-like vehicle that the company says can be used for various functions in transit, such as a restaurant or clinic. The concept is similar to Toyota’s e-Palette vehicle, which can theoretically be customized to serve as a retail shop, restaurant or shuttle for people.

The partnership with Canoo is the latest example of Hyundai Motor ramping up efforts and investments into electrification, autonomous technology and other futuristic mobility trends, including flying cars. Earlier this month, Hyundai said it would invest $110 million in UK startup Arrival and jointly develop electric commercial vehicles.

Hyundai Motor Group has committed to invest $87 billion over the next five years. Of this total group commitment, Hyundai will invest $52 billion into “future technologies” and Kia will put $25 billion towards electrification and future mobility technologies. The company says its goal is for “eco-friendly vehicles” to comprise 25% of its total sales by 2025.

Canoo said it will provide engineering services to develop the electric platform.

Canoo_Engineering Skateboard

Canoo started as Evelozcity in 2017 by two former Faraday Future executives Stefan Krause and Ulrich Kranz. The company rebranded as Canoo in spring 2019 and debuted its first vehicle last September. The first Canoo vehicles are expected to appear on the road by 2021 and will be offered only as a subscription. Canoo company recently opened the waitlist for its first vehicle.

The heart of Canoo’s first vehicle, which looks more like a microbus than a traditional electric SUV, is the “skateboard” architecture that houses the batteries and the electric drivetrain in a chassis underneath the vehicle’s cabin. It’s this Canoo architecture that Hyundai Motor Group is interested.

Hyundai Motor Group is counting on this underlying architecture to help the company reduce the cost and complexity of production and allow for it to respond quickly to changing market demands and customer preferences.

“We were highly impressed by the speed and efficiency in which Canoo developed their innovative EV architecture, making them the perfect engineering partner for us as we transition to become a frontrunner in the future mobility industry,” Albert Biermann, head of R&D at Hyundai Motor Group, said in a statement. “We will collaborate with Canoo engineers to develop a cost-effective Hyundai platform concept that is autonomous ready and suitable for mass adoption.”

 


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Show off your startup at TC Sessions: Mobility 2020

00:00 | 12 February

Remember when “mobility” meant laptops and cell phones? Those were quaint times. Now the category encompasses the future of transportation — everything from flying cars and autonomous vehicles to delivery bots and beyond. There’s no better place to explore this rapidly moving industry than TC Sessions: Mobility 2020, our day-long conference in San Jose on May 14.

And there’s no better place to showcase your early-stage mobility startup. Consider this: more than 1,000 of mobility’s brightest technologists, engineers, founders and investors will be on hand to explore the future of this rapidly evolving technology. So why not buy an Early-Stage Startup Exhibitor Package and plant your business squarely in the path of this group of enthusiastic influencers?

Your exhibitor package includes a 30-inch high-boy table, power, linen, signage — and four tickets to the event. You and your team can strut your startup stuff, take advantage of hyper-focused networking and still enjoy the event’s presentations and workshops.

We’re building our agenda, and we just started announcing speakers on a rolling basis. If you know someone who should be onstage at this event? Hit us up and nominate a speaker here.

We already told you that Waymo’s Boris Sofman and Ike Robotics’ Nancy Sun will join us. And we’re thrilled that Reilly Brennan, founding general partner of Trucks VC, a seed-stage venture capital fund for entrepreneurs, will also grace our stage. Brennan’s many investments include May Mobility, Nauto, nuTonomy, Joby Aviation, Skip and Roadster.

Will your startup be his next investment? Stranger things have happened.

TC Sessions: Mobility 2020 takes place on May 14 in San Jose, Calif. Spend a full day of exploring the art and science of mobility, and don’t miss your chance to introduce your startup to influential movers and shakers. These are heady times in the mobility industry, and it’s moving faster than the race to market a viable flying car. Buy an Early-Stage Startup Exhibitor Package, and you might just transport your business to a whole new level.

Is your company interested in sponsoring or exhibiting at TC Sessions: Mobility 2020? Contact our sponsorship sales team by filling out this form.

 


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Aptiv’s self-driving cars have given 100,000 paid rides on the Lyft app

14:00 | 11 February

What started out as a temporary pilot project to test a robotaxi service in Las Vegas has turned into a multi-year partnership between self-driving software company Aptiv and Lyft and a new milestone that suggests the operation is ramping up.

The companies announced Tuesday that they’ve given 100,000 paid rides in Aptiv’s self-driving vehicles via the Lyft app.

“To our knowledge this is the largest open-to-the-public commercial pilot,” Aptiv Autonomous Mobility President Karl Iagnemma said in a recent interview. “To me this partnership is a great example of the next-generation ecosystem at work.”

The milestone has a few important caveats. Aptiv’s self-driving vehicles — which initially began with BMW 5 series — have a human safety driver behind the wheel to take over if needed. The human driver operates the vehicle manually in parking lots and hotel lobby areas. 

The program, even if with those human safety drivers behind the wheel, has proven invaluable to the companies, according to Iagnemma and Jody Kelman, who leads the self-driving platform team at Lyft.

“We’ve got something here,” Kelman said. “This is really a blueprint for what future mobility partnerships can look like.”

Companies in this so-called “race” to commercially deploy on-demand ride-hailing services using self-driving vehicles must master more than the technical bits. Fleet management, real-time routing, and designing an approachable user interface are just a few critical components needed to operate a profitable robotaxi service.

The program has taught Aptiv how to “get and keep a fleet of autonomous vehicles on the road and keep them highly utilized,” Iagnemma said, later adding that this project positions Lyft and Aptiv to be major winners in this space. The companies also learned how to work with various regulatory bodies, in this case, with the city of Las Vegas, Clark County and the region’s transit authority.

Lyft and Aptiv first launched the pilot in January 2018 as a one-week experiment and then announced plans to extend the program. The program surpassed 5,000 self-driving rides by August and jumped to more than 25,000 paid autonomous rides by December 2018, all while maintaining an average passenger rating of 4.95 out of five stars, Aptiv said at the time. 

By May 2019, the companies reported they had given more than 50,000 paid self-driving rides in Las Vegas.

Aptiv’s investment in Las Vegas expanded as those ridership numbers grew. The company opened in December 2018 a 130,000-square-foot technical center in the city to house its fleet of autonomous vehicles as well as an engineering team dedicated to research and development of software and hardware systems, validation and mapping.

 


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