Tag Archives: Jeff Bezos

UBER & Lyft Impact

Ride-sharing services are preparing us for a driverless future.

  • Open an App on your smart phone or watch and request a specific type of vehicle to drive to your selected GPS location.
  • Within a few minutes, an automobile arrives and transports you to your destination. 
  • Payment is processed via transfer from your credit card to the ride-sharing company.

UBER has plans to own a fleet of 500,000 driverless Tesla Model S sedans by 2020. UBER CEO, Travis Kalanick confirmed his desire for 200,000 driverless Tesla’s on The Late Show with Steven Colbert (4:40 mark).


UBER FUNDING: $8.21bn Source

  • 2 August 2009 | $200,000 Seed Funding: Travis Kalanick and Garrett Camp
  • 15 October 2010 | $1.25mn Angel Round: David Cohen, Mitchell Kapor, Lowercase CapitalFounder CollectiveCyan BanisterBabak NiviAlfred LinScott BanisterJason CalacanisMike WalshNaval RavikantShawn FanningOren MichelsJosh SpearJason Port
  • 14 February 2011 | $11mn Series A: First Round, Lowercase Capital, Benchmark, Alfred LinInnovation EndeavorsScott Banister
  • 7 December 2011 | $37mn Series B: Tusk Ventures, BenchmarkGoldman SachsCrunchFundMenlo VenturesJeff BezosTroy CarterSummit Action FundBobby YazdaniSignatures CapitalData CollectiveNihal Mehta
  • 23 August 2013 | $258mn Series C: Uber, Google Ventures, TPG GrowthBenchmark
  • 6 June 2014 | $1.2bn Series D: Fidelity Investments, Wellington Management, BlackRockSummit PartnersKleiner Perkins Caufield & ByersGoogle VenturesMenlo VenturesSherpa Capital
  • 4 December 2014 | $1.2bn Series E: Qatar Investment Authority, Valiant Capital Partners, Lone Pine CapitalNew Enterprise AssociatesSherpa Capital
  • 16 December  2014 | $600mn Series E: Baidu
  • 21 January 2015 | $1.6bn Debt Financing: Goldman Sachs
  • 18 February 2015 | $1bn Series E: HDS Capital, Times Internet,
  • 19 August 2015 | $100mn Private Equity: Tata Opportunities Fund
  • 7 September 2015 | $1.2bn Private Equity: Baidu

Trucking & Transportation

A Level 4 autonomous trucking industry consists of vehicles transporting all goods to and from distribution centers with minimal human intervention.


  • Trucks moved 9.4 billion tons of freight (68.5% of all domestic tonnage) in 2012 Source
  • $642 billion in industry revenues in 2012 Source
  • 878,000 active  professional truck drivers in the United States. Source
  • 5.6 million registered semi trailers (or tractor trailers) in the U.S.  Source
  • Approximately 125,000 collisions involving trucks occur in the United States every year, resulting in 60,000 injuries and 5,000 fatalitiesSource
  • According to the American Truck Stop Directory, there are 2,542 truck stops in the United States Source

Tractor-trailer Truck Drivers

  • 586,000 heavy and tractor-trailer truck drivers
  • 32,000 light truck or delivery services drivers
  • 17,000 industrial truck and trailer operators source
  • 312,000 supporting roles Source

Couriers and Express Delivery Services

  • 147,000 light truck or delivery services drivers
  • 26,000 heavy and tractor-trailer truck drivers
  • 337,000 supporting roles Source

Grocery and Related Product Merchant Wholesalers 

  • 64,000 heavy and tractor-trailer truck drivers
  • 31,000 light truck or delivery services drivers
  • 24,000 industrial truck and trailer operators Source

Extraction Industries

  • 16,000 truck, heavy and tractor-trailer truck drivers in mining (except oil and gas) Source


  • Level 3: A human occupant is required in the cabin while the computer has control of most driving functions. Significant reduction in crashes and moving violations.
Peloton is an automated vehicle technology company that utilizes vehicle-to-vehicle communications and radar-based active braking systems, combined with sophisticated vehicle control algorithms, to link pairs of heavy trucks.
Peloton is an automated vehicle technology company that utilizes vehicle-to-vehicle communications and radar-based active braking systems, combined with sophisticated vehicle control algorithms, to link pairs of heavy trucks.
  • Level 4: Cabins eliminated to streamline truck design and maximize load capacity. No human passengers.
  • Trucks transport goods 24 hours a day with downtime only for fuel, loading/unloading and maintenance. Number of trucks needed declines to to maximization of the fleet’s capacity.
  • Battery-electric trucks could travel indefinitely, powered by inductive charging imbedded in the highway or stopping at supercharger-compliant fast charging stations.

  • Fleets of autonomous package delivery vehicles transport goods from distribution centers directly to business and homes.
  • Unmanned Aerial Vehicles (UAV) drones and quad-copters supplant human couriers to transport goods.
  • Majority of the 1 million truck driving jobs in jeopardy