Tag: Motoring

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Uber’s self-driving car unit valued at $7.3bn as it gears up for IPO

Uber’s self-driving car unit has been valued at $7.3bn (£5.6bn), after receiving $1bn of investment by a consortium including Toyota and Saudi Arabia’s sovereign wealth fund.


December 31, 2021 0

Uber and Arrival team up to produce electric taxis

The electric vehicle maker Arrival aims to start producing cars by 2023 with design help from Uber, in the latest step by the UK-headquartered startup’s ambitious plans to take on the automotive industry. The car, developed specifically for use by ride-hailing drivers, will be Arrival’s first, adding to buses that are due to be on…
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December 15, 2021 0

Ride-hailing rental startup Splend to transition Australian car fleet to electric

Australia may take another small step in the switch to electric cars if an ambitious $40m plan by the ride-hailing rental startup Splend to transition its fleet takes off. The company has said it will swap its petrol-driven cars in the UK for 1,000 electric vehicles by the end of the year, with half the…
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December 13, 2021 0

‘Peak hype’: why the driverless car revolution has stalled

By 2021, according to various Silicon Valley luminaries, bandwagoning politicians and leading cab firms in recent years, self-driving cars would have long been crossing the US, started filing along Britain’s motorways and be all set to provide robotaxis in London. 1 January has not, however, brought a driverless revolution. Indeed in the last weeks of…
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December 8, 2021 0

Uber pledges £5m toward electric vehicle charging points in London

Uber has pledged to invest more than £5m in public electric vehicle charging infrastructure in some of the poorest boroughs in London, to help persuade its reluctant drivers to switch to electric cars. The global ride-hailing firm will announce the investment, which it admits is only a fraction of the money needed, as it seeks…
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December 5, 2021 0