Bloomberg Driverless car startup Zoox Inc. became the first company to win approval to transport members of the public in its driverless test vehicles in California, according to a statement from the California Public Utilities Commission. While there are more than 60 companies with permits to test autonomous vehicles in California, they are restricted to carrying employees and contractors. With ...

Bloomberg SoftBank Group Corp. just led a $385 million funding round for a flexible-leasing app that makes cars more accessible to Uber drivers and other gig-economy workers. Fair, led by TrueCar Inc. co-founder Scott Painter, has continued to grow since buying lease contracts in January from Uber Technologies Inc.’s shuttered subprime-lending unit. Fair has an exclusive contract with Uber in ...

Bloomberg Zwift, a company that gives cyclists the opportunity to compete in virtual-reality races, has raised $120 million to help them set up an esports league and further their expansion into running. Based in Long Beach, California, Zwift has built software that lets riders simulate outdoor training — such as cycling up a mountain — from their living room. Customers ...