Lyft hails new leadership, layoffs come for Lucid and Waymo retires its selfdriving minivan

News Summary

  • And no, Lyft is not following Uber into delivery, so he says.Shift Technologies, the online used vehicle retailer, cut its workforce by 30% in the first quarter as the company sought to reduce costs and eliminate duplicate positions following its merger with CarLotz.
  • I wrote up a little historical feature on the vehicle, which was the company’s first commercialized autonomous vehicle.Meanwhile, Waymo also said it is testing its fifth generation driver in Austin, Texas.
  • I’m highlighting this “deal” to note the absolute kookiness of it that feels like desperation.I’m talking about shared micromobility company Helbiz, which announced a rebranding and a reverse stock split in an attempt to get back into compliance with the Nasdaq.
  • Reminder: The company was issued a delisting notice last July because its stock was trading too low.Helbiz is now known as, an effort to position itself as a micromobility brand that offers retail, rentals, shared micromobility, and *checks notes* sports streaming services.
  • The company announced a partnership with Zomato, a food ordering and delivery platform, in India and Kotak Mahindra Prime Limited to help delivery drivers get more favorable loan terms for buying e-mopeds.
  • The company said the funds will be used to continue to build its software, partner with third parties for hardware (i.e., vehicles) and secure more deals.Bill Gates wrote up some thoughts about where AV tech is headed.
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