Lyft reaches adjusted profitability milestone despite continuing net losses

Today after the bell, U.S. ride-hailing company Lyft reported its second quarter financial performance. In aggregate the company’s performance was a rebound from the year-ago second quarter, which was heavily impacted by the onset of the COVID-19 pandemic and resulting lockdowns in the United States. Lyft also managed to produce positive adjusted EBITDA in the […]

Security flaws found in popular EV chargers

U.K. cybersecurity company Pen Test Partners has identified several vulnerabilities in the APIs of six home electric vehicle charging brands and a large public EV charging network. While the charger manufacturers resolved most of the issues, the findings are the latest example of the poorly regulated world of Internet of Things devices, which are poised […]

Lilium in talks with Brazilian airline for $1B order

German electric aircraft startup Lilium is negotiating the terms for a 220-aircraft, $1 billion order with one of Brazil’s largest domestic airlines, the companies said Monday. Should the deal with Azul move forward, it would mark the largest order in Lilium’s history and its first foray into South American markets. “A term sheet has been […]

The Station: The script for Elon Musk’s Loop drivers, Redwood snags $700M and a chat with Kodiak Robotics’ co-founder

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. In […]

E-scooter company Fenix acquires Palm for $5M, gains entry to Turkish market

Abu Dhabi-based micromobility company Fenix has acquired Palm, a shared e-scooter company in Turkey, for $5 million – the exact amount the company raised last November and this past February during its seed round. Despite having not even raised a Series A round yet, Fenix scrounged together the cash and equity needed to fund this […]

「Audi Q4 e-tron」は、EVを静かに浸透させるに十分な素質を備えている：試乗レヴュー

Audiが発表したコンパクト電動SUV「Audi Q4 e-tron」。EVを浸透させていく上で重要な戦略モデルと位置づけられているこのモデルを試乗してみたところ、乗り心地は快適で過度にスポーティではなく、EVがアーリーアダプターだけでのものではないことを実感させてくれる──。『WIRED』UK版による試乗レヴュー。
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TuSimple’s self-driving truck network takes shape with Ryder partnership

TuSimple, the self-driving truck company that went public earlier this year, has partnered with Ryder as part of its plan to build out a freight network that will support its autonomous trucking operations. Under the deal announced this week, Ryder’s fleet maintenance facilities will act as terminals for TuSimple’s freight network. TuSimple’s so-called AFN, or […]