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...Weston said: “We believe lighter than air technology has the capacity to speed up humanitarian aid by reaching remote locations with little infrastructure, and to lower carbon emissions for air and cargo transportation...
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...Silicon Valley loves regulatory arbitrage — move fast and break things in whatever sector you want to disrupt (retail, healthcare, banking, transportation, to name a few) before policymakers realise that...
...After raising private capital from blue-chip Silicon Valley funds including Sequoia Capital, Index Ventures and Accel, Bird merged with blank-cheque company Switchback II in November last year at an initial...
...The scheme is similar to how its passenger business already operates in the country, which bans the use of drivers without a passenger transportation licence....
...Much of their success lies in the technological and engineering expertise in Silicon Valley....
...San Francisco’s decision to create a market for medallions made the city a lot of money – $63mn, according to the San Francisco Municipal Transportation Agency (SFMTA), the city agency with regulatory authority...
...A version of this article was first published by Nikkei Asia on July 23. ©2022 Nikkei Inc. All rights reserved....
...Silicon Valley venture capital provided the rocket fuel....
...“It remains our vision that healthy mobility options for San Franciscans remain available for all essential trips,” the San Francisco Municipal Transportation Agency said....
...While talks are ongoing, a deal could allow Bird to close the gap on its Silicon Valley rival Lime, which is widely seen as leading in Europe, these people said....
...QuantumScape, a Silicon Valley-based battery start-up, enjoyed a stellar run last year after it merged with the blank cheque company Kensington Capital Acquisition Corp....
...DHybrid Inc also sold fuel systems to Florida rubbish collector Waste Pro and Pennsylvania trucking company Birkmire Transportation Solutions....
...Silicon Valley’s technology giants have demonstrated the power of near-oligopolistic, broad “platform” business models, analysts note....
...The parallels point to the economic challenges that alternative-transportation start-ups in Silicon Valley still face today, despite receiving hundreds of millions of dollars in investment in the last two...
...That was one of the findings of the National Transportation Safety Board’s report published last week into the fatal crash of a semi-automated Tesla in California in 2018....
...Its app was on smartphones around the world and it promised to transform urban transportation. Fowler’s friends and family were impressed....
...Traffic and transportation in and out of her hometown has been mostly suspended amid the epidemic, and she had no choice but to cancel the interviews....
...What we’re aiming to do is to actually create what is, in essence, a new mode of transportation that fixes all those underlying issues.”...
...Lime sees little value in buying its smaller rivals, says the electric scooter rental company’s president, despite growing anticipation that the overcrowded European market for alternative urban transportation...
...The broadside came as Mr Park was indicted on charges of violating a passenger transportation law....
...Uber chief executive Dara Khosrowshahi told us a year ago in London he wanted the pre-IPO minicab switchboard operator app to be the “Amazon of transportation”....
...Some leading German executives also worry that Silicon Valley tech companies could swallow up significant parts of German industry because of their immense scale....
...To date it has raised $415m of funding, according to Crunchbase, making it one of the latest in a host of Silicon Valley companies aiming to disrupt mass-transportation....
...Apple is investing heavily in autonomous transportation technology but its habitual secrecy has caused it to cede the initiative to the likes of Alphabet’s Waymo....
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