Cartken and its diminutive sidewalk delivery robots first rolled into the world with a narrow charter: carrying everything from burritos and bento boxes to pizza and pad thai that last mile to hungry customers. But the vision — thanks to the startup’s approach to autonomous vehicle technology — was always broader, according to Cartken co-founder… Continue reading From burritos to biotech: How robotics startup Cartken found its AV niche
Author: Tech Crunch Online News
Fisker asks bankruptcy court to sell its EVs at average of $14,000 each
Fisker has a willing buyer for its remaining inventory of all-electric Ocean SUVs, and has asked the Delaware Bankruptcy Court judge overseeing its Chapter 11 case to approve the sale. If approved by the judge, Fisker would be able to offload 3,321 finished EVs to a New York-based vehicle leasing company for $46.25 million. That… Continue reading Fisker asks bankruptcy court to sell its EVs at average of $14,000 each
Volkswagen’s Silicon Valley software hub is already stacked with Rivian talent
The blockbuster $5 billion deal between Volkswagen Group and Rivian is just days old. But it turns out, VW Group was tapping into Rivian’s software expertise months before the partnership was announced. VW Group’s struggling software arm Cariad has hired at least 23 of the startup’s top employees over the past several months, a TechCrunch… Continue reading Volkswagen’s Silicon Valley software hub is already stacked with Rivian talent
AI-powered drug development, VW teams up with Rivian and DEI is ‘bad’
Welcome back to another recap of Equity, TechCrunch’s flagship podcast about the business of startups. This episode is jam-packed with deals, hot topics and the latest dramaaaaaa in the tech world. If you haven’t listened yet, consider this your spoiler-filled invitation to dive in. Three Deals of the Week Formation Bio’s $372 million raise First… Continue reading AI-powered drug development, VW teams up with Rivian and DEI is ‘bad’
VW taps Rivian in $5B EV deal and the fight over Fisker’s assets
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! Am I the only one whose head is spinning from all of the transpo news this week? Reminder, it’s only Thursday morning. Let’s jump in! Oh wait,… Continue reading VW taps Rivian in $5B EV deal and the fight over Fisker’s assets
As battery startups fail, Sila snaps up $375M in new funding
Amid a fraught environment for battery startups, Sila has raised $375 million to finish construction of a U.S. factory that will scale its next-generation battery technology for customers like Mercedes-Benz and Panasonic by the end of 2025. Sila, formerly known as Sila Nanotechnologies, is slated to finish construction of its Moses Lake, Washington plant in… Continue reading As battery startups fail, Sila snaps up $375M in new funding
Austin-based Ironspring Ventures raised $100M to invest in the industrial revolution
When Ironspring Ventures launched in 2020 to back startups in industrial sectors like construction and manufacturing, it was one of very few early-stage venture firms paying attention to those capital-intensive sectors. Now, the firm is doubling down. The Austin, Texas-based firm raised $100 million for its second fund to focus on industrial startups. This is… Continue reading Austin-based Ironspring Ventures raised $100M to invest in the industrial revolution
Fetcherr lands $90M to get airlines on board with dynamic pricing
The airline industry is headed for record revenue this year — $996 billion — as the demand for travel soars. But the margins remain razor-thin. According to the trade association IATA, total expenses for airlines are projected to reach $936 billion, with earnings coming out to around $6.14 per passenger. That’s about the price of… Continue reading Fetcherr lands $90M to get airlines on board with dynamic pricing
GM’s Cruise taps Xbox video game veteran as next CEO
GM’s Cruise has appointed Marc Whitten — a video game veteran who was a founding engineer at Xbox and Xbox Live— as CEO. The Cruise CEO position has been vacant since December when co-founder Kyle Vogt resigned as part of a broader executive shakeup following an October 2 incident that saw one its robotaxis drag… Continue reading GM’s Cruise taps Xbox video game veteran as next CEO
VW to invest up to $5B in Rivian software deal
Volkswagen Group said Tuesday it will invest $1 billion into EV startup Rivian as part of a broad software development deal that could expand to as much as $5 billion. It’s a boon for Rivian, which has a tenuous path ahead as it pushes to develop its mass-market R2 SUV. The startup’s shares shot up… Continue reading VW to invest up to $5B in Rivian software deal