With the apparent demise of Bolt Mobility, the divide between technology businesses and those that are merely tech-enabled is back at the forefront of our minds. Once a key point of discussion when the IPO market was alive, today we’re sifting through what is left of the micromobility sector, now freshly depopulated to a new… Continue reading The disappearance of Bolt Mobility shows how corrosive depreciation can be for IRL startups
Author: Tech Crunch Online News
The Station: Rivian trims its workforce and a supply chain-tainted earnings season begins
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Listen up… Continue reading The Station: Rivian trims its workforce and a supply chain-tainted earnings season begins
Bolt Mobility has vanished, leaving e-bikes, unanswered calls behind in several US cities
Bolt Mobility, the Miami-based micromobility startup co-founded by Olympic gold medalist Usain Bolt, appears to have vanished without a trace from several of its U.S. markets. In some cases, the departure has been abrupt, leaving cities with abandoned equipment, unanswered calls and emails and lots of questions. Bolt has stopped operating in at least five… Continue reading Bolt Mobility has vanished, leaving e-bikes, unanswered calls behind in several US cities
Beyond volatility: How semiconductor companies can thrive with a focused sector strategy
Ondrej Burkacky Contributor Ondrej Burkacky is senior partner at McKinsey & Company based in Munich, Germany, leading global Semiconductors and Business Technology practices. His expertise in semiconductors, R&D and embedded software to advise clients on operational improvement, R&D and software-related topics. Nikolaus Lehmann Contributor Nikolaus Lehmann is an associate partner at McKinsey & Company based… Continue reading Beyond volatility: How semiconductor companies can thrive with a focused sector strategy
Will Volkswagen’s new CEO hamstring its EV push?
Volkswagen dropped a bombshell announcement late last week: Herbert Diess was out as CEO. As a manager, Diess was controversial, with a style that chafed both executives and labor leaders alike. But as a strategist, he was on firmer ground, deftly steering Volkswagen out of the Dieselgate scandal and setting it on a path toward… Continue reading Will Volkswagen’s new CEO hamstring its EV push?
Polymath Robotics launches plug-and-play autonomy software for any industrial vehicle
“Robots suck.” It’s a bold declaration for a startup founder aiming to work with robots — or more accurately, the software that helps turn a tractor, tiller or forklift into an automated vehicle. But Stefan Seltz-Axmacher, who previously founded and led the now shuttered autonomous vehicle startup Starsky Robotics, is trying to make a point.… Continue reading Polymath Robotics launches plug-and-play autonomy software for any industrial vehicle
Pitch Deck Teardown: Alto Pharmacy’s $200M Series E deck
We cover a lot of health startups here on TechCrunch, and you know what it’s really hard to get any sort of excitement about? An online pharmacy that raised yet another round of funding. Don’t get me wrong, Alto Pharmacy raising a Series E is impressive, as is raising $200 million. But realistically, those companies… Continue reading Pitch Deck Teardown: Alto Pharmacy’s $200M Series E deck
Pony.ai forms autonomous truck JV with Sany Heavy Truck in China
Autonomous vehicle company Pony.ai is forming a strategic joint venture with Sany Heavy Truck, a subsidiary of Chinese heavy equipment manufacturer Sany Heavy Industry, to create an autonomous truck brand. The plan is to combine Pony.ai’s “virtual driver” with Sany’s technical prowess in building heavy-duty trucks to build automotive-grade self-driving trucks with Level 4 autonomy,… Continue reading Pony.ai forms autonomous truck JV with Sany Heavy Truck in China
Ford posts Q2 profit, expects to produce 14,000 EVs this month
Ford Motor has dodged some of the pain and losses that rival General Motors experienced in the second quarter. Ford reported Wednesday $40.2 billion in revenue, a 50% increase from the same period last year, and an adjusted operating income that tripled to $3.7 billion. Those figures, which absolutely crushed Wall Street expectations, sent shares… Continue reading Ford posts Q2 profit, expects to produce 14,000 EVs this month
Apple hires Lamborghini executive to help steer EV program
Apple has hired a 20-year veteran of supercar maker Lamborghini to work on the tech company’s not-so-secret electric autonomous vehicle program, according to a report by Bloomberg. The executive, Luigi Taraborrelli, appears to have left Lamborghini in May 2022, according to his LinkedIn profile. Taraborrelli has worked at Lamborghini for nearly 21 years, mostly recently… Continue reading Apple hires Lamborghini executive to help steer EV program