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Another robotaxi operation heads to Texas and Archer scores $300M for its defense mission | TechCrunch

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Summary
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81% Informative

The Department of Transportation paused funding for a $5 billion EV charging infrastructure program.

Archer Aviation raised $300 million from institutional investors, including BlackRock and Wellington .

JLR is expanding its U.S. technology hub in Portland with a $180 million investment spread out over the next decade .

Auto Hauler Exchange raised $5 million in a Series A funding round.

Lyft plans to bring fully autonomous robotaxis, powered by Mobileye , to its app “as soon as 2026 ” in Dallas , with more markets to follow.

Mercedes-Benz is taking its EV charging network to Canada , starting with Vancouver this year and then to metro Toronto in 2026 .

Tesla won a defamation lawsuit against a passenger in a Tesla Model 3 car that allegedly crashed due to faulty brakes, resulting in a four-day hospital stay.

Uber beat revenue expectations in the fourth quarter , growing its revenue 20% to $11.96 billion .

Still, shares fell after the company missed analyst expectations on EPS and offered soft guidance.

The company expects gross bookings to hit between $42 billion and $43.5 billion in Q1 .

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77

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73

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