transportation | Pixr8 News

25Jul By PriyankaNo Comments

FUNDING

Swoop raises $3.2 Million in Funding

Los Angeles based mobility tech company Swoop raises $3.2 million in seed funding led by Signia Venture Partners, South Park Commons, and a handful of angel investors to build a tech solution for group mobility owners. Alongside Signia Ventures, a number of high profile investors participated in the financing, including South Park Commons led by their two Managing Partners, Ruchi Sanghvi and Aditya Agarwal, the former CTO of Dropbox, etc. The fragmented industry of vehicle owners will now be able to effortlessly book, dispatch, track and manage all their rides through Swoop's SaaS tool. With more than 100,000 passengers on board, the Swoop team has gained outstanding domain expertise and is on the best path to take the $40B group transportation industry to the next stage and we ar...

5Oct By Gauri SinghNo Comments

INDIA

Kochi is All Set to Launch Autonomous Cars in India

Recently Kochi became the first city in India to have a cashier-free store. A few weeks after this, the city is all set to welcome to the driverless car. Cocon-2018, the annual cybersecurity conference to be held in Kochi will host a live display using a prototype autonomous car. The autonomous or self driving car is touted as the next revolution in the transportation sector. Also, it is a vehicle that can sense its environment and navigate without much human input. Along with this, there will be a session on security concerns raised by hackers in the field of transportation. Apart from the driverless car, the eleventh edition of the conference would showcase futuristic live demonstrations, including the functioning of an AI-enabled drone, robotics and hacking through IOTenabled a...

5Mar By NitishNo Comments

News

Rivigo Senior Management Resigned

A major ‘U-turn’ event is likely to be taking place at India's leading technology enabled logistics company ‘Rivigo’. The news is coming that more than half a dozen major executives, managers, senior and mid-level executives have decided to resign from their respective positions in the company. Rivigo offers pan India services to e-commerce, pharmaceutical and FMCG services. The recent development is a very gigantic step in the recent turn of events for the company, which was established in 2014, by Deepak Garg and Kalra. Chief Financial Officer Mr. Pramod Gupta from Microsoft, who joined the company in 2017, has served the notice for the resignation. The major exits include Bablu Tiwari, from Gati courier services has already exit. ALSO READ: Logistics Solutions Provider Rivigo ...

Virgin Hyperloop One: Pune to Mumbai in just 25 Minutes

19Feb By Sabhyata AgarwalNo Comments

INDIA

Virgin Hyperloop One: Pune to Mumbai in just 25 Minutes

The transport of the future is here with the Virgin Hyperloop One announcing on Sunday its plan to build a hyperloop between Pune and Mumbai beginning with an operational demonstration track. The hyperloop is believed to decrease the present travel time of approximately 3 hours to 25 minutes. The hyperloop route is planned to link central Pune, Navi Mumbai International Airport, and Mumbai. The company is aiming to connect 26 million people with the hyperloop and supporting 150 Mn passenger trips per year. Why I believe @Virgin @HyperloopOne could have the same impact upon India in the 21st century as trains did in the 20th century https://t.co/IkYbfIs2yi pic.twitter.com/WEuS6VWbzU — Richard Branson (@richardbranson) February 18, 2018 The American Company declared the fra...

Hyperloop One Makes History With World’s First Successful Hyperloop Full Systems Test

12Jul By AdityaNo Comments

News, USA

Hyperloop One Makes History With World’s First Successful Hyperloop Full Systems Test

Hyperloop One today announced the successful completion of the world's first full systems Hyperloop test in a vacuum environment. This test was Phase 1 of a multi-phase program and was privately conducted on May 12, 2017 at the company's test track, 'DevLoop' in the Nevada Desert. The vehicle coasted above the first portion of the track for 5.3 seconds using magnetic levitation and reached nearly 2Gs of acceleration, while achieving the Phase 1 target speed of 70mph. The company is now entering the next campaign of testing, which will target speeds of 250 mph. "Hyperloop One has accomplished what no one has done before by successfully testing the first full scale Hyperloop system. By achieving full vacuum, we essentially invented our own sky in a tube, as if you're flying at 200,000 feet ...

Hyperloop One Unveils its Vision for America, Details 11 Routes as a Part of Global Challenge

8Apr By AdityaNo Comments

USA

Hyperloop One Unveils its Vision for America, Details 11 Routes as a Part of Global Challenge

Executives from Hyperloop One joined leading policymakers and transportation experts here today to reveal details of select Hyperloop routes in the United States and to initiate a nationwide conversation about the future of American transportation. Of more than 2,600 participants in the Hyperloop One Global Challenge, 11 teams presented routes, linking 35 states and covering more than 4,200 miles. They join 24 other teams from around the globe, each vying to be among 12 finalists. Three eventual winners will work closely with Hyperloop One engineering and business development teams to explore project development and financing. "Hyperloop One is the only company in the world building an operational commercial Hyperloop system," said Rob Lloyd, Chief Executive Officer of Hyperloop One....

Ola Hires Pranav Tiwari, Sanjay Kharb to Lead Its Engineering Operation

13Feb By AnkitaNo Comments

News

Ola Hires Pranav Tiwari, Sanjay Kharb to Lead Its Engineering Operation

Transportation app Ola today said it has roped in two new executives, Pranav Tiwari and Sanjay Kharb, to strengthen its core technology leadership. Tiwari, former CTO of Cellworks, has joined Ola as Vice President of Engineering and will work towards optimising growth and profitability by bringing in necessary efficiencies in the supply chain function, Ola said in a statement. An ex-Googler, he has over 35 patents in his name. Under him, the team will focus on building solutions that effectively optimise use of vehicles on the platform, reduce deviations in routes and improve customer-driver matching. Kharb, who was earlier VP Production Engineering at InMobi, has joined as Vice President of Engineering Infrastructure and will strengthen efficiencies in Ola's technology infrastruct...

Uber’s Rival in Pakistan Uses Rickshaws, Low-Tech Phones

20Jun By reutersNo Comments

Story

Uber’s Rival in Pakistan Uses Rickshaws, Low-Tech Phones

As taxi hailing giant Uber enters Pakistan, a little-known local competitor is counting on a mix of new ideas and old technology to tap what could be a big chunk of the market: low-income residents who travel in rickshaws, not cabs. Known as Rixi, the Lahore-based service hails rickshaws instead of cars. Its platform is not smartphones, but older SMS phone messaging that allows nearby drivers to bid for any user's business. Pakistan has more than 130 million cellphone subscriptions, but only 21 percent subscribe to data packages, and, while the proportion is rising, there are opportunities across emerging economies in Asia to tap a relatively low-tech customer base. In Thailand, Taxi Radio uses calls and text messages to put cabs and people in touch and is popular with those without s...

Logistics Solutions Provider Rivigo Eyes on 3000 Truck Fleet

18May By PriyankaNo Comments

News

Logistics Solutions Provider Rivigo Eyes on 3000 Truck Fleet

Eyeing a larger market share, logistics solutions provider Rivigo is banking on drivers relay system for faster delivery of goods and is looking to take its trucking fleet to 3,000 this fiscal. The firm, which has a fleet of 800 trucks, claims that based on its innovative drivers relay system, truck loads are delivered to Chennai from Delhi in two days instead of conventional eight days. "Logistics is one of the largest industries -- more than USD 100-billion size -- and there is enough to do in this market... we started working on the Driver Relay Model wherein we change over the drivers after every few hundred kms... This improves the turnaround time and service levels," Rivigo CEO Deepak Garg said in a statement. Garg, who is an alumnus of IIT Kanpur and IIM Lucknow, is a f...

Odd-Even: These Startups Offering Free Rides

15Apr By AdityaNo Comments

News

Odd-Even: These Startups Offering Free Rides

With the second phase of odd-even scheme set to be rolled out from tomorrow, ride-sharing startups are lining up with free rides and scaling up operations to handle higher demand from consumers. The odd-even scheme was implemented on an experimental basis from January 1 to January 15 in view of high air pollution in the national capital. The second phase will commence on April 15. Bike taxi operator Rapido said, it will offer free rides to people travelling to and from some of the metro stations like HauzKhaz and Malviya Nagar during April 15-30. Bengaluru-based startup 360Ride, which offers a ride-sharing platform for personal vehicle owners, said it will incentivise people using its platform with commuters earning up to Rs 1,200 by sharing their ride on four-wheelers and Rs 600 on t...