Autonomous Vehicle News
My take: Cruise and Waymo may have won this battle, but the war to win over the public is hardly over. Ahead of the merger, Serve raised $30 million in a round led by existing investors Uber, Nvidia and Wavemaker Partners. The company recorded a net loss of $9.3 million in Q2 2023, compared to $320.3 million in the same period of 2022. Bird has just –$1.8 million in free cash flow, and its total operating expenses in Q2 were $36.1 million. Electric vehicles, charging and batteriesBrightDrop, GM's commercial EV delivery business unit, plans to expand sales of its flagship electric vans to Mexico.