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Will Rivian be Volkswagen’s software savior? VW is betting $5.8B it will | TechCrunch

Nov 14, 2024 - techcrunch.com
TechCrunch Mobility, a hub for transportation news, has highlighted a joint venture between Rivian and Volkswagen Group that has been finalized, with the deal injecting up to $5.8 billion into Rivian. The new company will be co-led by Rivian’s head of software, Wassym Bensaid, and Volkswagen Group’s chief technical engineer, Carsten Helbing. Other notable deals include Just Eat Takeaway selling its U.S. business Grubhub to Wonder Group for $650 million, and NASA awarding five research grants worth $11.5 million to companies working on sustainable aircraft concepts.

The article also discusses Waymo's expansion of its robotaxi service in Los Angeles, Yelp's acquisition of car repair estimate site RepairPal for $80 million, and Canoo's struggle to stay afloat amid financial difficulties. It also mentions the arrival of Zoox's custom robotaxi in San Francisco and Las Vegas, Lucid's launch of orders for the Gravity SUV, and Tesla's recall of over 2,000 Cybertrucks. The piece concludes with first-hand accounts of rides in Waymo's autonomous vehicles.

Key takeaways:

  • The joint venture between Rivian and Volkswagen Group has been finalized, with the deal injecting up to $5.8 billion into Rivian’s coffers.
  • Just Eat Takeaway is selling its U.S. business Grubhub to New York-based Wonder Group in a deal valued at $650 million.
  • Waymo has opened its robotaxi service to the public in Los Angeles, covering an area of about 80 square miles.
  • Exosonic, a startup developing supersonic commercial air travel and UAV tech, is shutting down due to lack of capital.
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