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    Peloton launches new Bike+ and Tread smart home gym equipment, both at $2,495

    Peloton  has launched two new products for its home smart gym lineup, the Bike+ ($2,495) and the Tread ($2,495). While both carry the same price tag, the new exercise bike joins as the premium version of Peloton’s original stationary cycle, which will remain on sale at $1,895, and the Tread is the new entry-level Peloton treadmill product, with the original becoming the Tread+ ...
  • 18

    Quell’s resistance-based workout can get you in shape by boxing virtual enemies

    Quell is positioning itself as a kind of low-cost take on Peloton (less than 1/10th the price, it notes). You might too, if you were in the London-based startup’s place. With the stationary bike-maker’s value skyrocketing amid COVID-19 lockdowns, fitness startups are all the rage — heck, just look at Lululemon’s recent Mirror acquisition. A more apt comparison, however, is probably Ring ...
  • 19

    Arculus raises €16M to upgrade assembly lines with its ‘modular production platform’

    Arculus, the Ingolstadt, Germany-based startup that has developed a “modular production platform” to bring assembly lines into the 21st century, has raised €16 million in Series A investment. Leading the round is European venture firm Atomico, with participation from Visionaries Club and previous investor La Famiglia. Arculus says it will use the injection of capital to “strengthen product development, broaden ...
  • 6

    Volkswagen to start sales of first-edition all-electric ID.3 hatchback in June

    Volkswagen plans to start selling the launch edition of its ID.3 vehicle next month to customers who placed pre-orders of the all-electric hatchback. Customers who made reservations for the launch edition, known as ID.3 1st, will be able to order their vehicle starting June 17, according to a tweet posted by Volkswagen board member Jürgen Stackmann. Volkswagen has registered more than 37,000 ...
  • 23

    Ford goes drag racing with 1,400 HP electric Mustang Cobra Jet

    Ford today took the wraps off an electric Mustang prototype. Called Mustang Cobra Jet 1,400, it carries Ford’s long tradition of drag racing the Mustang. But for the first time, a quiet electric power plant is spinning the slicks instead of a roaring V8. This one-off prototype is said to hit mid-eight second quarter-mile times thanks to 1,400 HP and ...
  • 3

    Made in China: Tesla Model 3 deliveries to Chinese customers to begin January 7

    The first deliveries of Tesla Model 3 sedans made in China will begin January 7, one year after the U.S. automaker began construction on its first factory outside the United States. The deliveries to customers — which Reuters was first to report based on confirmation from a Tesla representative — is a milestone for Tesla as it tries to carve out market ...
  • 27

    Tesla V10.0 car software update adds Smart Summon, Netflix/YouTube, Spotify, karaoke and more

    Tesla is rolling out a new software update that adds a slew of new features to its cars. These include the new “Smart Summon” feature, which will allow cars equipped with the optional $5,000 full-self driving package to automatically drive themselves from a parking spot to collect you in a parking lot. This is one of the most advanced semi-self-driving features that ...
  • 28

    Rwanda to phase out gas motorcycle-taxis for e-motos

    The government of Rwanda will soon issue national policy-guidelines to eliminate gas motorcycles in its taxi sector in favor of e-motos. The country’s president Paul Kagame previewed the plan last week. “We will find a way to replace the ones you have now. We urge taxi-moto operators to help us when the phase-out process comes,” he said speaking at a youth forum. ...
  • 28

    Peloton files publicly for IPO

    Peloton, the well-funded maker of internet-connected stationary bikes and treadmills, has finally revealed documents for its upcoming initial public offering. The business previously submitted a confidential draft submission of its S-1 statement to the U.S. Securities and Exchange Commission in June. The New York-based company, which plans to raise $500 million in its Nasdaq offering, will trade under the ticker symbol PTON. Peloton reported ...
  • 20

    Waymo self-driving cars head to Florida for rainy season

    Waymo  is taking some of its autonomous vehicles to Florida just in time for hurricane season to begin testing in heavy rain. The move to Florida will focus on testing how its myriad of sensors hold up during the region’s rainy season as well as to collect data. All of the vehicles will be manually driven by trained drivers. Waymo  will bring ...