TechCrunch Mobility: Uber Freight’s AI bet, Tesla’s robotaxi caveat, and Nikola’s trucks hit the auction block

Summary

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! For those U.S.-based readers out there, enjoy the long Memorial Day weekend, and if you’re on the road, expect it to be crowded. AAA projects 45.1 million people will travel at least 50 miles from home over the Memorial Day holiday period, from Thursday to Monday. About 39.4 million of those folks will use a car. Let’s get to it! This edition has news on loads of companies, including Aurora, Uber, Tesla, and Waymo. Plus, a number of startups you may be interested in. A little bird Image Credits:Bryce Durbin Got a tip for us? Email Kirsten Korosec at kirsten.korosec@techcrunch.com or my Signal at kkorosec.07, Sean O’Kane at sean.okane@techcrunch.com, or Rebecca Bellan at rebecca.bellan@techcrunch.com. Or check out these instructions to learn how to contact us via encrypted messaging apps or SecureDrop. Deals! Image Credits:Bryce Durbin Luminar, the lidar startup turned SPAC, appears to be grasping for capital. Why else would the company make a deal with Yorkville Advisors Global that could bring another $200 million into its coffers through the sale of convertible preferred stock over an 18-month period?Under the terms, Luminar will issue $35 million in convertible preferred stock to the investors. Luminar may issue additional tranches in amounts of up to $35 million no more than every 60 days at a purchase price equal to 96% of the stated value of the convertible preferred stock. You might recall Luminar’s board recently replaced founder Austin Russell as its CEO. The company is also going through another restructuring — its third in a year. Other deals that got my attention … SparkCharge, which offers what it calls “charging-as-a-service” for fleets, raised $15.5 million in a Series A-1 round led by Monte’s Fam, with participation from Cleveland Avenue, Collab Capital, Elemental Impact, MarcyPen, and n...