Nigerian mobility tech startup Metro Africa Xpress Inc. (MAX) is planning to enter more markets across Africa as it races towards formalizing the continent’s transportation sector after securing $31 million in Series B funding. The startup told TechCrunch that it will use the funding to enter Ghana and Egypt by the end of the first… Continue reading Nigerian mobility-tech startup MAX bags $31 million in Series B round, set to expand across Africa, build EV infrastructure
Author: Tech Crunch Online News
TechCrunch+ roundup: Travel bans and H-1Bs, Reddit’s IPO plans, early-stage space chat
The fees investment banks charge to underwrite IPOs can gobble several points from a public company’s gross proceeds, but new competition is giving some firms a chance to hold on to more of that sweet debut money. This week, Nubank paid just 1.6% of the $2.6 billion it raised to its underwriters. As Bloomberg reported,… Continue reading TechCrunch+ roundup: Travel bans and H-1Bs, Reddit’s IPO plans, early-stage space chat
FedEx receives its first fully-electric GM Brightdrop delivery vans
FedEx has received its first five GM-built electric delivery vans out of an order of 500, the company announced. The move represents an important landmark for FedEx in its stated goal to be have an all-electric delivery fleet and be carbon neutral around the world by 2040. “The delivery of the first BrightDrop EV600s is… Continue reading FedEx receives its first fully-electric GM Brightdrop delivery vans
Longtime GM exec Dan Ammann is out as Cruise CEO
Cruise CEO Dan Ammann is leaving the company, its parent company General Motors said in late afternoon statement. Kyle Vogt, who co-founded the autonomous vehicle company, and was the company’s first CEO will take over the role on an interim basis. Vogt has been serving as Cruise’s president and CTO. Wesley Bush, the former Chairman… Continue reading Longtime GM exec Dan Ammann is out as Cruise CEO
Rivian to invest IPO wealth into new Georgia factory, battery tech
Rivian will use some of the $13.7 billion it raised when it publicly listed its shares to build a second factory in Georgia that has double the capacity of its plant in Illinois. The company, which made the announced Thursday as part of its first earnings report, said the funds will be used to expand… Continue reading Rivian to invest IPO wealth into new Georgia factory, battery tech
Waymo says self-driving car that struck pedestrian in San Francisco was in manual mode
A Waymo self-driving Jaguar I-Pace that struck a pedestrian in San Francisco on Wednesday evening was in manual mode, the company told TechCrunch in response to an initial report posted on Reddit. Waymo says the vehicle was in manual mode at the time, meaning the human safety driver who was behind wheel was actually driving.… Continue reading Waymo says self-driving car that struck pedestrian in San Francisco was in manual mode
The most prominent group lobbying for Silicon Valley’s interests in DC just fell apart
The trade group representing Silicon Valley’s biggest companies will disband, even as tech enters a new era of intense regulatory scrutiny in the nation’s capital. The Internet Association has fought for tech’s interests in Washington for the last nine years, lobbying lawmakers to advance the combined interests of Facebook, Amazon, Google, Airbnb, Uber, Twitter, Ebay,… Continue reading The most prominent group lobbying for Silicon Valley’s interests in DC just fell apart
Who pays when an Uber driver is killed?
The brother of an Uber driver who was killed during an armed robbery in San Francisco has published a letter to the ride-hailing giant demanding access to his brother’s Uber account, $4 million in immediate aid for the victim’s family and better pay for all Uber drivers. Afghan refugee Ahmad Fawad Yusufi, 31, had been… Continue reading Who pays when an Uber driver is killed?
TuSimple locks in self-driving trucks deal with DHL
Self-driving trucks developer TuSimple has reached a deal to integrate its autonomous vehicle technology into DHL Supply Chain’s operations. As part of the deal, the contract logistics giant has reserved 100 autonomous trucks that are being co-developed by TuSimple and Navistar. The agreement with DHL pushes TuSimple’s total reservations order to 6,875 trucks, the first… Continue reading TuSimple locks in self-driving trucks deal with DHL
Motional and Uber partner to launch autonomous delivery pilot in Santa Monica in 2022
Motional, a driverless technology company, is partnering with Uber to launch an autonomous delivery pilot in Santa Monica, according to Motional. Uber Eats customers will be able to order restaurant meal kits to be delivered to them via one of Motional’s retrofitted all-electric Hyundai Ioniq 5 robotaxis by early next year. The partnership will be… Continue reading Motional and Uber partner to launch autonomous delivery pilot in Santa Monica in 2022