NuTonomy eyes launch of paid Singapore self-driving car rides by Q2 next year

U.S. self-driving car startup NuTonomy hopes to launch a paid, commercial ride service in Singapore as soon as the second quarter of next year, NuTonomy Chief Executive Karl Iagnemma said on Friday.

Ride services companies are expected to be one of the most important markets for self-driving cars, especially in early years of adoption, when the cost of the technology will likely rule out mass adoption.

Several companies including Alphabet Inc’s Waymo and Uber Technologies Inc. are testing self-driving cars at various locations around the world.

NuTonomy, which currently has a test service in Singapore with southeast Asian ride services partner Grab, plans to charge riders for the new commercial service in Singapore, albeit still with a human driver ready to take over if needed, as is done today in most tests.

Software firm NuTonomy, which works with several car companies including Renault SA, had said it planned to launch commercial service next year, without being more specific on timing. Iagnemma in an interview said he hoped paid self-driving rides would start in the second quarter, although it could be the third or fourth.

NuTonomy also plans to launch a test service with U.S. ride service firm Lyft in Boston later this year.

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Reuters

Singapore Reporter/s

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.