TechCrunch Mobility: Zoox prepares for launch and Uber’s AV empire
9:05 AM PDT · August 9, 2026
Welcome back to TechCrunch Mobility, your hub for the future of transportation and now, more than ever, the role AI is playing in it. To get this in your inbox, sign up here for free — just click TechCrunch Mobility!
In just a few days, Amazon-owned Zoox will start charging for robotaxi rides. This might not seem like a big deal; the company’s custom-built robotaxis are already giving rides to passengers in Las Vegas and San Francisco, after all. And it’s opening up an early rider program in Miami and Austin too.
None of this matters — in a business sense — until the company can operate commercially.
And now it can, starting August 10, thanks to an exemption issued by the National Highway Traffic Safety Administration (NHTSA). Because Zoox vehicles lack many of the traditional controls required under federal law, such as a steering wheel and pedals, it needed an exemption from federal motor vehicle standards in order to operate. It had an exemption that allowed it to demonstrate the technology; this one allows Zoox to operate a fleet of up to 2,500 vehicles commercially for two years.
The exemption is a win for Zoox, but it also paves the way for any other autonomous vehicle developer that wants to launch a robotaxi that lacks a steering wheel, pedals, or other requirements that might not be needed in a vehicle with no human driver. For instance, a robotaxi really doesn’t need a rearview mirror; it already achieves that kind of visibility with sensors on the exterior of the vehicle.
Tesla is the obvious beneficiary here since it is developing its two-seater Cybercab. But there will be others as well.
In other news, you might have missed my comprehensive assessment of Uber’s autonomous vehicle empire. Check it out; it offers a complete rundown of every company that Uber has partnered with (and in some cases invested in). And I hear more are coming.
You might recall that the Financial Times did its own calculus of how much Uber was investing in AVs. The outlet determined it was about $10 billion. And what do you know? That is exactly the number Uber CEO Dara Khosrowshahi shared during the company’s earnings call. He said the company would commit $10 billion “over the coming years” to deploy 120,000 driverless vehicles.
Deals!
Moove started out as an African fintech company that provided vehicle financing for app drivers. While Moove remains in the mobility sector, it has evolved into a mega ride-hail fleet owner (42,000 vehicles and growing) across 13 countries.
It has also added a new business division focused on autonomous vehicles. Moove got an early win and is now the fleet operator for Waymo in Phoenix, Miami, and Las Vegas, and in the future, London. But co-CEO Ladi Delano clearly has grander ambitions for Moove — and now he has the fresh capital to try.
The startup, now based in Dubai, raised $250 million in a Series C round led by Mubadala Investment Company with Woven Capital and Ion Pacific as co-leads. Moove, which is now valued at $2.1 billion, plans to use the funds to scale its autonomous vehicle fleet management business, including hiring about 350 people.
One interesting item of note: Moove plans to buy Waymo robotaxis and already owns the robotaxi assets of another unnamed company.
Other deals that got my attention this week …
Accell Group Holding, the Dutch bike maker behind brands like Lapierre, Raleigh, and Sparta, was granted a suspension of payments, kicking off an insolvency process. In 2022, a consortium led by KKR bought the firm for 1.56 billion euros ($1.77 billion at the time).
Advanced Electric Machines Group, a U.K.-based manufacturer of rare earth and magnet-free electric motors, raised £16 million ($21.5 million) in a round led by Barclays Climate Ventures, PXN Ventures, Northstar Ventures, and the Low Carbon Innovation Fund. The funding round was complemented by loan support from Innovate UK.
Chargepoly, a French company specializing in the electrification of heavy-duty and commercial vehicle fleets, raised €23 million ($26 million) in a round led by Meridiam.
Hadrian, a defense tech company building automated manufacturing facilities, raised a $1.37 billion round at a valuation of $7.87 billion. The lead investors in the round include WCM Investment Management, Washington Harbour Partners, Valor Equity Partners, 137 Ventures, and Baillie Gifford.
Matel Motion & Energy Solutions, an India-based company developing energy-efficient motors, motor controllers, and integrated powertrains, raised INR 130 crore ($13.6 million) in a Series B funding round led by UC Impower.
River, the Indian electric vehicle startup, raised $120 million in a Series C funding round led by Elev8 Venture Partners and Claypond Capital. Other investors included Singularity AMC, Anicut Capital, 360 ONE Asset, JIF Capital, HDFC AMC, along with existing backers Yamaha Motors, Al-Futtaim Group, and Mitsui.
Notable reads and other tidbits
Ford has a name and a number for its new midsize EV. It will be called Fathom and will start at $28,350 when it goes on sale in 2027. TechCrunch climate tech reporter and long-time EV owner Tim De Chant argues that Ford needs another Taurus, and the Fathom isn’t it. What do you think?
Joby Aviation, the electric vertical takeoff and landing company, reported earnings this week. Revenue is up compared with the same quarter last year, thanks to its acquisition of Blade Air Mobility. Net losses shrank a bit to $245 million. One of the more interesting announcements this week, though, was Joby’s partnership with Atoms, Travis Kalanick’s AI and industrial automation startup. The partnership will develop and finance a network of transportation hubs serving air taxis and autonomous ground vehicles with an initial focus on Florida, New York, and Texas, as well as California, according to Joby.
Lucid Motors’ second-quarter earnings struck a somber it’s-time-to-get-down-to-business tone. And that comes with a cost. New CEO Silvio Napoli outlined four must-win priorities that include a $1.4 billion cost savings plan. It’s also banking on a successful robotaxi program with Uber and Nuro and launching its midsize Cosmos EV, which has now been delayed until the second half of 2027.
Nvidia has released its Alpamayo 2 Super for commercial use — an AI model designed for autonomous driving. The model is available on Hugging Face, and the open license covers commercial redistribution and derivative models that allow AV developers, automakers, and others to adapt Alpamayo to their own data, driving policies, and deployment strategies, the company said.
Teamsters California sued the California Department of Motor Vehicles, alleging that the agency did not properly study and disclose the economic impacts of allowing self-driving heavy-duty trucks on the state’s roads. I reached out to a few AV developers and all declined to comment. However, the Autonomous Vehicle Industry Association did issue a statement: “This lawsuit from the Teamsters sets a new standard in abusive and frivolous litigation and cannot be taken seriously.”
TechCrunch teamed up with New York-based financial research firm Hudson Labs again. This time to map what Elon Musk and Tesla’s other executives have spent the last seven years talking about on the company’s quarterly earnings calls. Check out the full story for graphs and complete findings. Here is a taste: Musk now speaks about artificial intelligence, along with robotaxis and Full Self-Driving software, nearly 50% of the time.
Speaking of Elon Musk, his companies had a newsy week. SpaceX reported its first earnings report as a publicly traded company. The TL;DR: The company doubled its revenue compared to last year, in large part thanks to the growth of its Starlink satellite internet service and deals it struck to rent out computing power to Anthropic and Google. And during the earnings call, Musk made some out-of-this-world claims about the company’s business and future prospects, while his fellow executives tried to bring his ideas closer to Earth.
Meanwhile, Tesla and SpaceX said that “Terafab,” the advanced chip factory they are jointly developing, will be built in Grimes County, Texas, outside Houston, and that they will make an initial investment of $16.8 billion in the project.
The New York Times published an investigation on Uber’s defense strategy against more than 4,000 lawsuits filed by passengers who allege the company failed to protect them from sexual violence.
Waymo dropped the waitlist for its robotaxi service in Dallas, opening it up to all residents and visitors.
One more thing …
Travis Kalanick, and his AI and industrial automation startup Atoms, is popping up everywhere these days (see that Joby partnership above). Kalanick isn’t just making deals — although remember he did just raise $1.7 billion. The former Uber CEO also appears to be getting the band back together and bringing on former engineers and executives he once worked with.
For instance, Gautam Gupta, the former finance chief under Kalanick, has joined Atoms as chief financial officer. Gupta spent more than four years at Uber until he left in July 2017, just a few weeks after Kalanick resigned as CEO.
This former notorious red-light district is now one of the world’s top AI hubs
6:00 AM PDT · August 9, 2026
What every U.K. AI startup wants to know these days is, how can I get office space in King’s Cross?
The area is so hot that a VC firm allegedly recently won a deal by promising a founder office space in the neighborhood. “We stop at nothing to win deals [for] and to support” founders, “including helping them source office space when needed,” the firm told me when asked about the rumor, declining to confirm or deny any details.
The neighborhood’s popularity began back in 2016 when DeepMind — then newly acquired by Google — moved in. Soon after, a flood of AI startups followed, wanting to be around the Google DeepMind magic. Today, they hope to take advantage of the cluster of AI talent there.
This has transformed King’s Cross into one of the world’s top AI hubs, rivaled only by San Francisco and Beijing. Around London, it’s known by the sobriquet “Knowledge Quarter,” as it’s home to names like OpenAI, Meta, Isomorphic Labs, Cusp AI, Wayne, Recursive, and, a little farther down the road, Synthesia and Anthropic. The European Technology Network (ETN) just moved into a glossy new office nearby, while University College London sits around the corner.
Mixed in with the new developments are trendy food spots like Hoppers and BAO. Hop a train from King’s Cross, and founders can be in Cambridge in 45 minutes to source talent or can be in Paris in two hours to strike a deal.
Who would have guessed that a little more than 20 years ago, this was one of the seediest areas in London?
“In the ’80s, crack and heroin made the area a major narcotics market,” Hussein Kanji, an investor at Hoxton Ventures, said, recalling syringes in tree trunks and gangs patrolling the streets. “In 1982, the local church was occupied by the English Collective of Prostitutes for 12 straight days.” Then, in the early 2000s, a real estate developer had a dream and, well, “now it is the AI hotbed of the United Kingdom,” Kanji said. “What a change.”
Around 18 months ago, his portfolio company BioCorteX moved from the neighborhood Holborn to the Jellicoe building in King’s Cross, hoping to be near the action. “Lots going on in London right now,” Nik Sharma, co-founder of BioCorteX, told me. “Lots of hyperscalers moving in.” That includes, reportedly, Jeff Bezos’ AI company Prometheus, which is also said to be in talks to move into the Jellicoe.
There are around 3,600 AI startups in London, which, together, have raised around $12.1 billion out of the $14.8 billion raised in the city since late July, according to Dealroom. Since the start of June, AI-related startups have leased more than 1 million square feet of office space in London, according to the real estate firm Knight Frank. With that, prime rents in King’s Cross have risen 18% over the past three years, Chris Dunn, a commercial insight associate at the firm, told me.
That percentage represents only the largest leases encompassing at least 10,000 square feet, like the ones OpenAI and Prometheus are signing. The shorter deals go for even more, he said, and now the vacancy rate for conventional office space is just 0.9%. “Demand has outstripped supply,” he continued.
Today, one of the big topics of the area is sovereignty. It was a wake-up call for many when Anthropic shut off access to Mythos and Fable this summer, leaving some in the ecosystem to conclude: “We’d better look after ourselves,” Saul Klein, co-founder of the VC firm Phoenix Court, told me.
Phoenix Court is located in the King’s Cross area and has three portfolio companies in the vicinity, including Olix (which just announced a $3.3 billion valuation), Early Health and CoMind. Robin Klein, co-founder of the firm, said the shutdown of Fable and Mythos access was a “small but sharp reminder that Europe can’t simply rent its AI capabilities and capacity; it needs to build and hold some of its own.” King’s Cross, he said, is where much of this building is actually happening.
“The bigger question,” he continued, “is whether the U.K. builds the infrastructure, compute, energy, capital, to make this self-reliance durable, rather than just hosting outposts of U.S. labs.”
Top founders want to stay
Simon Kohl, founder of Latent Labs, has offices in King’s Cross and San Francisco. The London office, at the moment, is growing faster, and he’s more bullish than ever on the ecosystem, he said. “The mood right now feels less like London trying to catch up and more like London becoming one of the default places to start a serious AI company,” he said.
Look around and you are likely to see Wayve testing its autonomous cars. Founded in 2017 by co-founder Alex Kendall, the unicorn is one of London’s biggest success stories.
“Ten years ago, building a frontier AI company from London felt like an unusual choice,” Kendall told me. “Now it feels like an obvious one.” Wayve moved into King’s Cross in 2018 looking for a space that could double as a garage — “a rare combination in Central London,” Kendall said. He has watched the ecosystem mature around him — and it’s now evident that a startup can stay in London, raise serious capital, hire world-class AI talent, and remain globally competitive, he said.
Down the street from Anthropic’s new 158,000-square-foot office is the AI agent builder Sierra and the AI video platform Synthesia.
Laura Gonzalez Florez, Synthesia’s chief of staff and head of people, says the company moved into its glossy new office building a year ago to accommodate its growing team. They were drawn to the area for the same reason as everyone else: “It’s very close to the airport … very close to where a lot of investors are,” she said.
Around two-thirds of Synthesia’s engineers are remote, Gonzalez Florez said, letting the company tap into an affordable, international, and diverse talent pool and helping it scale faster. “From London, we can hire and work, without any problem, people from anywhere, from Slovenia to Portugal,” she said.
Unsurprisingly, London’s AI boom is also causing a talent war.
U.K. AI job postings have skyrocketed in the past few years, per data from PwC. When Anthropic announced it moved into town earlier this year, it listed, for example, a salary range of £260,000 to £630,000 for a machine learning research engineer when the average salary in London for the same role is around £102,000. Some founders in the U.K., like those in Silicon Valley, are being forced to raise more and bigger rounds to keep up.
“The real test is whether more globally significant AI companies are founded, funded, and scaled from the U.K., while continuing to attract the world’s best talent to build them here,” Zain Ali, founder of the King’s Cross-based AI legal firm Centuro, told me. “If that continues to happen, King’s Cross won’t just be an AI hub. It’ll become one of the U.K.’s most important strategic assets.”
Ford needs another Taurus, and the $30K Fathom EV pickup isn’t it
10:41 AM PDT · August 6, 2026
Few automotive companies are as dependent on breakout hits as Ford. It’s almost as though it’s baked into the company’s DNA: From the Model T and the Taurus to the F-150 and the Explorer, Ford has lurched from one success to another.
Recently, though, the automaker has been coming up empty handed. While its U.S. vehicle sales rose 6% year-over-year to 2.08 million in 2025, they’re today less than half their peak of 4.48 million in 2000. Of the new vehicles that Ford has introduced in recent years, none have become a sensation.
Ford CEO Jim Farley is betting its forthcoming EV pickup, Fathom, will change its fortunes, calling the introduction of the truck and its Universal EV platform a “Model T moment” for the company. Ford needs a product that can compete with Chinese EVs, which have been taking the world by storm. Yet, for reasons that are both within and beyond Ford’s control, the Fathom is unlikely to be another Taurus or Explorer, two hits that drove Ford sales in the 1990s.
Now, Fathom could be a minor success. Any way you spin it, the base model will be a good deal. On Thursday, Ford said the Fathom would start at $29,945, including the destination fee. That’s significantly below the $50,000 average for new vehicles and the $56,000 average for EVs. It’s also about $5,000 lower than the Keating Line — the average listing price of the largest price segment available at dealers.
But consumers don’t decide to buy a car based on price alone. Here’s where Ford could run into some challenges.
The Fathom will be a compact pickup truck, a form factor that the market largely ignored until Ford started selling the Maverick in 2021. The Fathom is entering an under-exploited niche, but it doesn’t appear to be one with enormous potential either. Sales of the Maverick offer a clue: they’ve been brisk, but at 155,000 last year, the small truck is not a blockbuster, either. The Taurus sold more than twice as many at its peak in 1992.
Now, the Fathom appears to have a few advantages over the Maverick. For one, passengers should enjoy a bit more interior space, according to Ford. The EV will also have a frunk, which could sway some buyers of traditional cars who have overlooked pickup trucks for lack of closed storage.
But the Fathom is still a pickup, and not everyone loves that look. The majority of the market today is dominated by SUVs, with just over 70% of prospective buyers looking for an SUV, compared with 33% for pickups, according to Cox Automotive.
Even among pickup fans, the Fathom may struggle to draw buyers. For many, trucks are a vibe. They want them to look ready to tackle the Rubicon trail, even if they never make it beyond the city limits. Every automaker is aware of this. GM, in a recent briefing I attended, made a point to mention how it is delivering the “lifted trucks” that its customers are demanding. The Fathom, from the little we’ve seen so far, doesn’t scream “rugged.”
Then there’s the EV thing. Most people who buy an EV, myself included, would never buy an internal combustion vehicle again, but a lot of people don’t love change. They’re content with gas-powered cars and trucks, and many dealers are happy to keep them in one.
The Fathom’s success won’t be dictated entirely by the whims of the market, though. Ford can spend on marketing and dealer training to overcome the EV hurdle, and may even convince people that a truck with a frunk is an ideal replacement for a sedan. And it’s almost a guarantee that Ford will introduce a ruggedized version of the Fathom.
Will that be enough to make the Fathom a breakout hit? Probably not. But maybe Ford doesn’t need it to be.
Maybe the Fathom is a test of its new production process, a toe in the water at a part of the beach that hasn’t been overrun. Compact trucks aren’t setting sales records, but the market for them is still growing. Ford can use that demand to soak up every Fathom it makes while it refines its new platform and process. Then, once it’s confident it has the kinks sorted out, it can expand it to other segments, including SUVs.
The Fathom may not be Ford’s swing for the fences. Maybe the company’s merely hoping to get on base and lay the groundwork for the next model rolling off the Universal EV platform — the one it really needs to be a home run.
Tesla and SpaceX will invest $16.8B to start building ‘Terafab’ chip factory in Texas
8:21 AM PDT · August 6, 2026
Tesla and SpaceX said Thursday that “Terafab,” the advanced chip factory they are jointly developing, will be built in Grimes County, Texas, outside Houston, and that they will make an initial investment of $16.8 billion in the project.
The factory will be “the largest and most valuable building on Earth by far,” Elon Musk, CEO of both companies, wrote in a post on Thursday. More than 100 million square feet of manufacturing space is planned for the facility, according to SpaceX.
The companies say the facility will employ at least 3,000 people from Grimes and nearby Brazos County.
“The facility will be an advanced semiconductor fab that will bridge the divide between current chip supply and the compute demand of the future,” a post on SpaceX’s website reads.
The animus behind Terafab is that Musk’s vision of the future — one where millions of robots take over human jobs, robotaxis do all the driving, and satellites become data centers for AI training and inference — requires a phenomenal amount of computing power, far more than what current production rates support.
SpaceX alone has suggested in filings that it may spend as much as $119 billion on the project across a “multi-phase” construction plan — although the company didn’t talk about Terafab at all on its first earnings call earlier this week.
Intel has said it will contribute to the Terafab project, although it’s been cagey about its exact contributions.
“Terafab will be epic in both its mission and in its sheer size, designed to build new compute at an unprecedented scale and speed. A vertically integrated factory with more than 100 million square feet of manufacturing space is planned. This facility will house the manufacturing, packaging, and testing of advanced logic and memory devices,” SpaceX writes on its website.
“Bringing these aspects together in one location will enable fast, recursive improvements and accelerate new compute deployed. Terafab will produce chips optimized for edge computing and inference for use in hardware like Tesla’s Optimus robots and self-driving Cybercabs, along with high-power chips designed for operating SpaceX’s space-based data centers,” the company wrote.
SpaceX said in its post that it is “committing to the use of” water from the local Gibbons Creek Reservoir instead of local groundwater.
The announcement followed a heavily attended county meeting on Wednesday where hundreds of residents attended and raised concerns about millions of dollars in tax breaks awarded to the project, as well as a lack of transparency.
“We believe this agreement will strengthen our district, expand opportunities, and better prepare our students for their future,” Anderson-Shiro Consolidated Independent School District Superintendent Dr. Sarah Borowicz said in a statement released by the Texas Governor’s office. “There are defining moments in the life of a school district, and this is one of those moments. Our commitment now is to ensure that every opportunity created through this agreement is managed wisely, transparently, and always with students at the center of every decision.”
