Remote driving startup Vay could grab up to $410M from Singapore’s Grab
Vay, a German startup offering remote-controlled rental cars, will get an investment of up to $410M from Singaporean super-app company Grab.
Transportation
TechCrunch Mobility: Elon Musk’s threats worked
Welcome back to TechCrunch Mobility, your hub for all things “future of transportation.”
Rivian gives RJ Scaringe a new pay package worth up to $5B
The company canceled a similar-sized award from 2021, when EV optimism was sky-high, due to the “unlikeliness” that the associated goals could be met.
Tesla delays reveal of production Roadster 2 to April Fools’ Day
Musk said he picked the date so he “could say I was just kidding” if it changes again. He had spent months teasing a reveal by the end of this year.
Tesla to begin Cybercab production in April, Musk claims
Elon Musk said he expects Tesla to be able to put all the Cybercabs it builds on the road, and thanked Waymo for “paving the path.”
Accel backs Uber rival Rapido as Prosus boosts stake
TVS Motor booked a 152% return as it sold its Rapido stake to Accel and Prosus.
Tesla shareholders approve Elon Musk’s $1T pay package
The proposal received more than 75% approval. Musk can earn the $1 trillion in shares over the next 10 years if Tesla hits a number of milestones.
Ford execs reportedly discuss ending the F-150 Lightning
Production was already paused as Ford prioritizes gas and hybrid versions of the truck. The Lightning has been on the market for three years.
Anker-backed hybrid RV startup Evotrex comes out of stealth
Evotrex joins startups like Lightship, Pebble, and Grounded in trying to disrupt the RV market, which is skewing younger.
Blue Origin plans second launch of New Glenn mega-rocket on November 9
Blue Origin’s first New Glenn launch in January mostly went well, and now the long-delayed second mission is finally ready for takeoff.