Ride-hailing and food delivery giant Grab may launch an IPO in the US this year, sources told Reuters. The IPO could raise at least $2 billion, one of the sources said, which would likely be the largest overseas share offering by a Southeast-Asian company. Grab is worth more than $16 billion and operates in eight… Continue reading Grab, the $16 billion ride-hailing and delivery giant, is considering an IPO in the US this year, in what could be the largest overseas share offering by a Southeast-Asian company
Author: Business Insider
COO and cofounder of Southeast Asia’s most valuable startup, Grab, shares how the company grew from a ride-hailing service to a ‘super app’
Tan Hooi Ling is the cofounder of Grab, an 8-year old company now considered to be Southeast Asia’s most valuable startup Beginning life as a single-market taxi-booking app, Grab now has interests in a range of app-based services including delivery and digital banking Tan identifies Grab’s attempts to narrow the financial inclusion gap in the… Continue reading COO and cofounder of Southeast Asia’s most valuable startup, Grab, shares how the company grew from a ride-hailing service to a ‘super app’
RV rental platform Outdoorsy says it will hit $1 billion in sales next month after seeing explosive growth during the pandemic
RV rental platform Outdoorsy is set to hit $1 billion in sales next month. Outdoorsy grew 4,600% from April to October, Jeff Cavins, cofounder and CEO of Outdoorsy, told Insider. The company recently brought on strategic hires from Airbnb and Metromile. Visit Business Insider’s homepage for more stories. RV rental platform Outdoorsy is set to… Continue reading RV rental platform Outdoorsy says it will hit $1 billion in sales next month after seeing explosive growth during the pandemic
Tesla asked to recall 158,000 Model S and Model X vehicles over a safety defect involving failing touchscreens (TSLA)
Tesla was asked by the National Highway Traffic Safety Administration to recall around 158,000 vehicles over faulty touchscreens, the agency said in a letter to the company Wednesday. The NHTSA said the media control units on certain Tesla vehicles failed after their memory ran out, causing issues with the backup camera, defogging and defrosting settings,… Continue reading Tesla asked to recall 158,000 Model S and Model X vehicles over a safety defect involving failing touchscreens (TSLA)
Apple and Hyundai are reportedly planning to team up and build a ‘beta’ version of an electric car by 2022
Apple and Hyundai plan to sign a deal that would lead to a ‘beta’ version of an Apple electric vehicle as early as 2022, according to a Sunday report from Reuters. The companies are planning to sign a deal by March 2021 to partner on the cars, according to a Sunday report from local newspaper… Continue reading Apple and Hyundai are reportedly planning to team up and build a ‘beta’ version of an electric car by 2022
How Tesla bounced back from worst mistake Elon Musk ever made and became the world’s most valuable car company (TSLA)
Tesla has defied all expectations in 2020, minting a market cap of more than $600 billion after an epic stock-market rally. Tesla is now the world’s most valuable carmaker, reminding us that CEO Elon Musk’s 2018 attempt to take the company private was not one of his better decisions. After an SEC investigation, Tesla and… Continue reading How Tesla bounced back from worst mistake Elon Musk ever made and became the world’s most valuable car company (TSLA)
Waymo grew its lead in the self-driving industry with a triumphant 2020. Experts reveal the key step the Google spin-off needs to take in 2021 to keep rivals like Cruise and Aurora at bay.
Waymo is seen by many experts as the autonomous-vehicle industry’s leader. The company racked up a number of accomplishments in 2020, including making driverless rides available to all users of its Waymo One ride-hailing service, forming partnerships with Daimler and UPS, and raising $3.2 billion. To build on its lead in 2021, Waymo needs to… Continue reading Waymo grew its lead in the self-driving industry with a triumphant 2020. Experts reveal the key step the Google spin-off needs to take in 2021 to keep rivals like Cruise and Aurora at bay.
Waymo is dropping the term ‘self-driving’ in an apparent shot at Tesla’s controversially named software
Waymo, Alphabet’s autonomous-driving company, said it will drop the term “self-driving” from its marketing and educational materials Wednesday. The firm appears to be distancing its technology from Tesla’s “full self-driving” feature, a $10,000 option that does not provide full autonomy and has been criticized for being misleading. “Unfortunately, we see that some automakers use the… Continue reading Waymo is dropping the term ‘self-driving’ in an apparent shot at Tesla’s controversially named software
Amazon-backed EV startup Rivian is reportedly close to landing a massive new investment that could value it at $25 billion (AMZN, F)
Rivian may soon close on a funding round worth several billion dollars that could give it a $25 billion valuation, Bloomberg reported, citing unnamed sources familiar with the matter. The funding round counts several existing investors, which include Amazon, Ford, BlackRock, Cox Automotive, and T. Rowe Price, according to the outlet. The company told Business… Continue reading Amazon-backed EV startup Rivian is reportedly close to landing a massive new investment that could value it at $25 billion (AMZN, F)
Ford’s head of electric vehicles throws shade at Tesla, saying the new Mustang Mach-E’s ‘roof doesn’t come off’ (TSLA, F)
Ford’s first mass-market electric vehicle, the Mustang Mach-E, is hitting dealerships. In an interview with Autoblog, the executive in charge of the vehicle took a thinly veiled swipe at Tesla’s well-documented quality lapses. “The doors fit properly, the plastics and other materials color-match, the bumpers don’t fall off, the roof doesn’t come off when you… Continue reading Ford’s head of electric vehicles throws shade at Tesla, saying the new Mustang Mach-E’s ‘roof doesn’t come off’ (TSLA, F)