News Commentary | February 27, 2020
A former VP at Starsky claims that the company had a funding deal fall through, resulting in mass layoffs of engineers. With few details surrounding the report, it's unclear if the company's unconventional teleoperations approach to AVs had anything to do with the collapse. Regardless, the long‑haul... Not part of subscription
News Commentary | March 03, 2020
Magna joins a group of financial firms participating in Waymo's first external funding round, which serves as yet another reminder that AV development is wildly capital‑intensive (similar to other nonsoftware projects from X like Makani). Last year saw similar billion‑dollar investments (or more) ... To read more, click here.
News Commentary | March 16, 2021
Voyage is a smaller autonomous vehicle (AV) developer that targets ride‑hailing in low‑speed, low‑traffic private communities. At Lux, we've been impressed by the company in the past, though it is difficult to tell exactly what Cruise gets from this acquisition. Much of Voyage's team will transfer ... Not part of subscription
by Chad Goldberg
The scooter giant recently announced it had become the first micromobility company to become cash flow positive for a full quarter, signaling a key milestone for one of the early scooter pioneers and the industry as a whole. Lux sees the news as a validation that these new mobility solutions are in fact here to stay, a concern long held by skeptics and supporters alike. While the new financial stability will likely not alter current business models or strategies significantly, it will allow for easier reinvestment and further focus on optimizing the company's next-generation scooter, the Gen4, which boasts key features like a swappable battery, enhanced suspension, and tougher aluminum frame that intends to extend operating life.
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