Drivers cruising along an off-the-beaten track might stumble upon an unusual sight in the coming months: a Rivian electric charging station. The electric automaker has designed and is now starting to build out a network of electric vehicle charging stations throughout the United States as it prepares for the first deliveries of its R1T pickup… Continue reading Rivian is building its own EV charging network, but with an adventurous twist
Author: Tech Crunch Online News
Tesla files to sell $5B in stock while its shares are richly valued
Tesla is striking while its share price — and ballooning market cap — is hot, filing today to sell $5 billion in shares after investors bid its equity to record levels. The newly announced dilutive fundraising event is having a muted impact on its value, which is off 2.3% in pre-market trading as investors digested… Continue reading Tesla files to sell $5B in stock while its shares are richly valued
Eco-conscious car subscription platform finn.auto raises $24.2M, with White Star and Zalando founders
Finn.auto — which allows people to subscribe to their car instead of owning it, and offsetting their CO₂ emissions — has raised a $24.2 million / €20 million Series A funding round. White Star Capital (which has also invested in Tier Mobility), and the Zalando co-CEOs Rubin Ritter, David Schneider and Robert Gentz, are new… Continue reading Eco-conscious car subscription platform finn.auto raises $24.2M, with White Star and Zalando founders
Uber sells self-driving unit Uber ATG in deal that will push Aurora’s valuation to $10B
Aurora Innovation, the autonomous vehicle startup backed by Sequoia Capital and Amazon, has reached an agreement with Uber to buy the ride-hailing firm’s self-driving unit in a complex deal that will value the combined company at $10 billion. Aurora is not paying cash for Uber ATG, a company that was valued at $7.25 billion following… Continue reading Uber sells self-driving unit Uber ATG in deal that will push Aurora’s valuation to $10B
Tesla’s racially diverse workforce is led mostly by white men, internal report shows
Tesla’s top leadership positions skew white and male with just 4% of those roles going to Black employees, according to the company’s first diversity and inclusion report released Friday. The report shows that overall the company, which has factories in California, Nevada and New York, has a workforce that includes women as well as Black,… Continue reading Tesla’s racially diverse workforce is led mostly by white men, internal report shows
Revel pulls electric mopeds after failing to make a dent in Austin’s car culture
Shared electric moped startup Revel said Friday that it will shut down its service in Austin later this month. The startup’s CEO and co-founder Frank Reig didn’t place the entire blame on the COVID-19 pandemic, which has caused ridership to fall across shared micromobility services as well as public transit, for the company’s decision. Instead,… Continue reading Revel pulls electric mopeds after failing to make a dent in Austin’s car culture
AutoX becomes China’s first to remove safety drivers from robotaxis
Residents of Shenzhen will see truly driverless cars on the road starting Thursday. AutoX, a four-year-old startup backed by Alibaba, MediaTek and Shanghai Motors, is deploying a fleet of 25 unmanned vehicles in downtown Shenzhen, marking the first time any autonomous driving car in China tests without safety drivers or remote operators on public roads.… Continue reading AutoX becomes China’s first to remove safety drivers from robotaxis
Self-driving trucks startup TuSimple raises $350M from U.S. rail, retail and freight giants
Self-driving trucks startup TuSimple has closed a $350 million funding round from a diverse consortium of strategic investors that include major U.S. corporations in rail, retail and freight, according to sources familiar with the deal. The round, which was oversubscribed, was led by VectoIQ LLC, confirming a report by TechCrunch in September. VectoIQ is the consulting… Continue reading Self-driving trucks startup TuSimple raises $350M from U.S. rail, retail and freight giants
Elon Musk would consider having Tesla acquire a legacy automaker
Elon Musk would consider leveraging Tesla’s mega $554 billion market cap to buy a legacy automaker, but only if it was on friendly terms, the billionaire entrepreneur said Tuesday in a wide-ranging interview with Axel Springer CEO Mathias Döpfner. Musk, who received an award Tuesday from the media giant, discussed his various interests and businesses,… Continue reading Elon Musk would consider having Tesla acquire a legacy automaker
SoftBank, Volvo back Flock Freight with $113.5M to help shippers share the load
Everyday thousands of trucks carry freight along U.S. highways, propelling the economy forward as consumer goods, electronics, cars and agriculture make their way to distribution centers, stores and eventually households. It’s inside these trucks — many of which sit half empty — where Flock Freight, a five-year-old startup out of San Diego, believes it can… Continue reading SoftBank, Volvo back Flock Freight with $113.5M to help shippers share the load