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Volta Energy Technologies raises over $90M of a targeted $150M fund to back energy storage startups

Volta Energy Technologies, the energy investment and advisory services firm backed by some of the biggest names in energy and energy storage materials, has closed on nearly $90 million of a targeted $150 million investment fund, according to people familiar with the group’s plans. The venture investment vehicle compliments an […]

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Tesla is willing to license Autopilot and has already had ‘preliminary discussions’ about it with other automakers

Tesla is open to licensing its software, including its Autopilot highly-automated driving technology and the neural network training it has built to improve its autonomous driving technology. Tesla CEO Elon Musk revealed those considerations on the company’s Q4 earnings call on Wednesday, adding that the company has in fact already […]

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Proterra, which makes big honkin battery systems and electric buses, raises $200 million

Proterra, the battery system technology developer for heavy-duty electric vehicles, said it has raised $200 million in a new round of funding. The new cash comes from Cowen Sustainable Investment Advisors, which led the round, along with money from Soros Fund Management, Generation Investment Management and Broadscale Group. Cowen took […]

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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 […]

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

Ford, Bosch and Bedrock 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 […]

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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 […]

The Station: Hertz files for bankruptcy, hailing “self-driving” scooters, Memorial Day travel

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. Memorial Day is this coming Monday, a holiday meant to honor military personnel who died while serving […]

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Tesla scouts head to Tulsa, Austin as hunt for Cybertruck gigafactory location nears end

Tesla officials visited two sites in Tulsa, Oklahoma this week to search for a location for its future and fifth gigafactory that will produce its all-electric Cybertruck and Model Y crossover, a source familiar with the situation told TechCrunch. Company representatives also visited Austin. A final decision has not been […]

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How Lyft intends to navigate and survive COVID-19

A glimpse at Lyft’s stock price Wednesday, which soared as much as 16.77% after first-quarter earnings were reported, suggested all was well in the ride-hailing company’s world. In this COVID 19-era, “well” is a relative term. Lyft’s net losses did dramatically improve from the year-ago quarter (a loss of $398 […]