Lyft

Motional launches autonomous Hyundai IONIQ 5s on Lyft network in Las Vegas

Motional, the Aptiv-Hyundai joint venture that’s working to commercialize autonomous driving technology, has launched its new all-electric IONIQ 5-based robotaxi for driverless ride-hail operati

Daily Crunch: ‘Winter may be longer’ because unicorns won’t accept down rounds, says SoftBank leader

Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

Lyft creates media division to cash in on in-car ads

Lyft has created a new business unit to beef up its digital advertising business across its tablets, mobile app, rooftops and bicycles, producing the potential to add billions of dollars to its bottom

How to lose money, SoftBank edition

Alex and Grace are back to cover the biggest and most interesting technology, startup and market news. This morning was a fun mix of stuff that we don’t always get to, so strap in for the foll

Lyft rides post-COVID recovery to record earnings, but faces inflationary headwinds

Ride-hail giant Lyft reported strong second-quarter earnings Thursday. Earlier this year, investors had been skeptical of Lyft’s ability to offset the costs of increased investments to attract a

Lyft assured no layoffs were coming — now employees are scrambling for their next gig

The day before Lyft shut down its in-house rental service and laid off close to 60 employees, the team in charge of the program was consumed by what they thought was a much bigger problem. Throughout

This startup just raised $320M to make long-term care inside hospitals obsolete

Cera, a U.K. provider of healthcare inside people’s homes augmented by a platform that allows carers to monitor a patient’s health and potentially flag problems, has raised $320 million (£260 mil

Can Alto succeed at employee-driven ride-hail?

Ride-hail startup Alto thinks the current gig worker-based market is inherently broken. Drivers’ salaries are squeezed by the costs of owning and maintaining a vehicle; riders aren’t guara

Lyft lays off about 60 employees, shutters in-house car rentals program

Lyft has joined the ranks of tech companies trimming its workforce. The news of the layoffs, initially spotted in LinkedIn posts by now-former Lyft employees, has been confirmed by the company. Lyft s

The Station: Tesla leads in ADAS crashes, gig companies lose battle in MA

Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Your usual host, Kirsten Korosec, is off the grid and hopefu

Massachusetts court rejects ballot to define gig workers as contractors

In a major setback for app-based gig economy companies like Uber, Lyft and DoorDash, a Massachusetts court ruled on Tuesday to throw out a proposed ballot measure that would, if passed, define gig wor

Hyundai plans to spend $10B on EVs, AVs and robotics in the US by 2025

Hyundai said it plans to invest more than $10 billion toward accelerating electrification and autonomous vehicle technology in the U.S. by 2025. Part of that pot includes the $5.5 billion Hyundai has

Argo AI launches driverless autonomous vehicle testing in Miami, Austin

Argo AI, the autonomous vehicle technology company backed by Ford and Volkswagen, is launching driverless testing operations in Miami and Austin, a significant milestone for the startup that illustrat

The Envoy Gateway project wants to bring Envoy to the masses

The Cloud Native Computing Foundation (CNCF) is hosting its semi-annual KubeCon + CloudNativeCon conference this week, so it’s maybe no surprise that we’ll hear quite a bit of news around

European micromobility startup Reby acquired by PE player House of Lithium for $100M

Founded in 2018, European micromobility startup Reby took an interesting path. It deployed e-scooters in the city of Zaragoza (Spain), during the COVID-19 pandemic, but also created a SaaS-oriented &#

Uber shareholders to vote on lobbying disclosure proposal

Uber shareholders will vote Monday on a proposal that, if approved, will compel the company to fully disclose its “direct and indirect lobbying activities and expenditures.” Advocates of the propo

The Station: Lyft and Uber driver incentives, Formula 1 tech and unpacking Rivian’s $1.5B incentives package

The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B.

Lyft brings shared rides back to more US cities in bid to win riders

Lyft is bringing back shared rides to San Francisco, San Jose, Denver, Las Vegas and Atlanta this May, the company announced on Thursday, noting that the popular reduced fare service will be expanding

The costs of driver incentives are weighing on Lyft, Uber

To understand the driver incentive issue in the wake of Q1 earnings, we’ll first explore Lyft’s situation, and then compare it to what Uber said.

Lyft continues its COVID recovery, but investors are far from impressed

American ride-hailing company Lyft reported Tuesday its first quarter financial performance, a report that showed continued improvement from the loss of business it experienced during the COVID-19 pan
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