Tesla has lost a top executive to Waymo in the lead-up to the EV-maker’s Robotaxi unveiling on Thursday. Daniel Ho, Tesla’s former head of vehicle programs and new product integration, last week announced his new role as programs director at Waymo. Ho, who previously reported directly to Tesla CEO Elon Musk, oversaw the development and […]
China’s autonomous vehicle startup WeRide seeks US IPO at $5B valuation
WeRide, a Chinese autonomous vehicle company, is officially gearing up for a U.S. public debut, over a year after China started easing its effective ban of foreign IPOs. The company is seeking a valuation as high as $ 5.02 billion in its initial public offering. WeRide expects to raise about $ 96 million from its offering, […]
Why Scott Painter is selling a beach house to start a new vehicle software company
Serial entrepreneur Scott Painter’s plan to build an all-electric vehicle subscription company called Autonomy has not worked out. So he’s pivoting once again to what he calls the “hardest build” of his career. While Autonomy will continue operating the small 1,000-car fleet it assembled over the last few years — far from the stated goal […]
China’s autonomous vehicle startup WeRide prepares for a US IPO
WeRide, a Chinese autonomous vehicle company, is officially gearing up for a U.S. public debut, over a year after China started easing its effective ban of foreign IPOs. WeRide registered 1 billion American Depository Receipts (ADRs) at a maximum price of $ 0.05, with the aggregate offering coming in at $ 50 million, per a […]
SpaceX’s vehicle to deorbit the International Space Station is a Dragon on steroids
The $ 843 million spacecraft SpaceX is designing to bring down the International Space Station at the end of the decade will be a super-powered version of its Dragon capsule that’s used to transport astronauts and cargo to orbit today, the company revealed Wednesday. NASA awarded SpaceX the massive contract to develop the U.S. Deorbit […]