Point Pickup Technologies, a last-mile delivery service, has acquired white label e-commerce platform GrocerKey for $42 million, according to the company. With the acquisition, Point Pickup now allows retailers to offer same-day delivery, from purchase to fulfillment to delivery, under their own brand name, rather than under third parties like Instacart. Instacart made a killing… Continue reading Point Pickup acquires e-commerce platform GrocerKey for $42M to allow for same-day delivery
Author: Tech Crunch Online News
Porsche expands online marketplace to include US inventory of new cars
Porsche Cars North America has added its entire U.S. inventory of new cars to its online marketplace as the company seeks to keep up with customer demands and the industry’s shift to digital commerce. When the online marketplace Porsche Finder launched in May 2020, customers were only able to search for pre-owned and certified pre-owned… Continue reading Porsche expands online marketplace to include US inventory of new cars
Xiaomi reports record 64% revenue growth, acquires Deepmotion for $77.3 million
Xiaomi reported a second-quarter net income of $1.28 billion on revenue of $13.56 billion following the Chinese technology giant’s strong surge in smartphone market share globally. During the quarter that ended in June, Xiaomi said it saw a 64% year-on-year growth in revenue, and its net income surged over 80% from the same time a… Continue reading Xiaomi reports record 64% revenue growth, acquires Deepmotion for $77.3 million
Musk admits Full Self-Driving system ‘not great,’ blames a single stack for highway and city streets
It hasn’t even been a week since Tesla hosted its AI Day, a livestreamed event full of technical jargon meant to snare the choicest of AI and vision engineers to come work for Tesla and help the company achieve autonomous greatness, and already CEO Elon Musk is coming in with some hot takes about the… Continue reading Musk admits Full Self-Driving system ‘not great,’ blames a single stack for highway and city streets
Extra Crunch roundup: Zūm CEO interview, Cisco’s M&A ethos, neoinsurance bad romance
It was once common practice for doctors to visit sick patients in their homes: In 1930, 40% of all consultations were house calls. By 1980, that figure was less than 1%. Today, urgent care centers occupy Main Street storefronts and 33% of all medical expenditures occur in hospitals. It’s clear that the additional overhead is… Continue reading Extra Crunch roundup: Zūm CEO interview, Cisco’s M&A ethos, neoinsurance bad romance
HyPoint and Piasecki reach $6.5M deal to develop hydrogen fuel cells systems for eVTOLs
A quick survey of many of the most highly valued electric vertical take-off and landing companies shows one thing in common: All of them are developing aircraft powered by batteries. But a growing suite of aviation companies, turned off by what they see as the energy density limitations of lithium-ion batteries, are turning instead to… Continue reading HyPoint and Piasecki reach $6.5M deal to develop hydrogen fuel cells systems for eVTOLs
A California judge just struck down Prop 22: Now what?
Bradley Tusk Contributor More posts by this contributor When regulation presents a (rare) opportunity In London, Uber has won the battle but risks losing the war Every time you turn around, someone new is winning the war in California around organizing workers in the sharing economy. Labor struck first when California legislators passed Assembly Bill… Continue reading A California judge just struck down Prop 22: Now what?
Waymo launches robotaxi service in San Francisco
Waymo, the self-driving vehicle company under Alphabet, has launched a robotaxi service that will be open to certain vetted riders in San Francisco. On Tuesday, the company officially kicked off its Waymo One Trusted Tester program in the city with a fleet of all-electric Jaguar I-PACEs equipped with the company’s fifth generation of its autonomous… Continue reading Waymo launches robotaxi service in San Francisco
Automotive startup Upstream raises $62M Series C to scale cloud-based security
Back in 2015, researchers Charlie Miller and Chris Valasek remotely hacked into a Jeep Cherokee driven by a Wired reporter, Andy Greenberg, in an attempt to warn the auto industry of potential pitfalls in their software and inspire legislation around automotive cybersecurity. It did that and more. Fiat Chrysler, which owns Jeep, ended up recalling… Continue reading Automotive startup Upstream raises $62M Series C to scale cloud-based security
Zūm CEO Ritu Narayan explains why equity and accessibility works for mobility services
Getting children to school safely and reliably is a challenge as old as public education itself. But rarely have any entrepreneurs tackled the problem of updating and optimizing one of the nation’s largest legacy transit systems, now nearly a century old. It’s still common to find people at U.S. student transportation hubs speaking into walkie-talkies… Continue reading Zūm CEO Ritu Narayan explains why equity and accessibility works for mobility services