Lyft restructures micromobility business amid Volkswagen"s ChatGPT launch in US
- Korea's Institute of Machinery and Materials has developed a robotic wheelchair capable of navigating obstacles.
- Zepto, an Indian startup, raised $1 billion in 90 days, while E Daddy secured $15 million for its electric vehicle production.
- Lyft is restructuring its operations and laying off 1% of its workforce to adapt to market changes.
Korea's Institute of Machinery and Materials has introduced an innovative robotic wheelchair designed with large, deformable wheels, enabling it to navigate challenging terrains such as rocks and stairs. This advancement highlights the ongoing efforts in robotics to enhance mobility for individuals with disabilities. In the realm of startups, Zepto, an Indian delivery and e-commerce company, has impressively raised $1 billion within a mere 90 days, showcasing the growing investment interest in the region's tech landscape. Meanwhile, E Daddy, a UAE-based manufacturer of two-wheeler electric vehicles, successfully secured $15 million in funding, which will bolster its operations in Dubai. In the autonomous vehicle sector, Tesla is preparing to unveil its robotaxi at an upcoming event, indicating its commitment to advancing self-driving technology. The company has been actively collecting data in the Warner Bros. Studio area to enhance its vehicle capabilities. Amid these developments, Lyft is undergoing a restructuring process, which includes laying off about 1% of its workforce, as it seeks to streamline operations and adapt to the evolving micromobility market. This restructuring reflects broader trends in the transportation industry, where companies are reassessing their strategies in response to changing consumer demands and technological advancements.