Kurt Nelson Contributor Kurt Nelson is a mobile engineer at Uber based in San Francisco. These are his personal views. I’ve been a software engineer at Uber for two years, and I’ve also been a ride-hail driver. I regularly drove for Lyft in college, and while my day job involves writing code for the Uber… Continue reading I’m a software engineer at Uber and I’m voting against Prop 22
Author: Tech Crunch Online News
Faraday Future plans to go public through a SPAC deal
Faraday Future, the electric vehicle startup with a messy and complicated past, is planning to go public through a special purchase acquisition company (SPAC) deal. The company’s chief executive Carsten Breitfeld told Reuters that the company is working on a reverse merger with a SPAC and “will be able to announce something hopefully quite soon.”… Continue reading Faraday Future plans to go public through a SPAC deal
Dialpad raises $100M Series E at a $1.2B valuation
Dialpad, the business-centric voice, video and contact-center service, today announced that it has raised a $100 million Series E funding round led by OMERS Growth Equity. Andreessen Horowitz, Google Ventures, ICONIQ Capital and Work-Bench also participated. The company says its valuation is over $1.2 billion after it has now raised a total of $245 million.… Continue reading Dialpad raises $100M Series E at a $1.2B valuation
Ola fails to get ride-hailing license renewed in London, says it will appeal and continues to operate
Just six days after Uber won its appeal against London transportation regulators to continue operating in London for another 18 months, one of its bigger rivals has found itself in the hot seat. Ola, the India-based ride-hailing startup, is not getting its Transport for London ride-hailing license renewed, after failing to meet some of TfL’s… Continue reading Ola fails to get ride-hailing license renewed in London, says it will appeal and continues to operate
Lime and Scoot veterans have built Ridepanda, a one-stop micromobility marketplace
Chinmay Malaviya and Charlie Depman found themselves at the center of the shared micromobility industry just as it took off, working for companies like Bird, Lime and Scoot. They experienced a rollercoaster ride of venture funding and skyrocketing demand, product pitfalls and regulatory hurdles. It was in the midst of this activity that the pair… Continue reading Lime and Scoot veterans have built Ridepanda, a one-stop micromobility marketplace
Einride raises $10 million to fast track its autonomous electric cargo pods
For the past four years, Swedish startup Einride has captured interest, investment and even a few customer contracts for its unusual-looking pods — electric and autonomous vehicles that are designed to carry freight. But progress in developing, testing and validating autonomous vehicles — particularly ones that don’t even have space for a driver and rely… Continue reading Einride raises $10 million to fast track its autonomous electric cargo pods
Uber sells $500M stake in its freight business as the ride-hailing giant works to conserve cash
One year ago, Uber’s business model could be categorized as an “all of the above approach,” a strategy to generate revenue from all forms of transportation, including ride-hailing, micromobility, logistics and package and food delivery. The COVID-19 pandemic upended that business strategy, prompting Uber to offload its shared micromobility unit Jump, double down on delivery… Continue reading Uber sells $500M stake in its freight business as the ride-hailing giant works to conserve cash
Cazoo, the UK used car sales portal, raises another $311M, now valued at over $2B
A lot of people are opting to use cars instead of taking public transportation in the UK at the moment, as a way of ensuring more social distancing, and today one of the startups that’s built a more efficient way of selling and buying cars is announcing a big round of funding. Cazoo, which provides… Continue reading Cazoo, the UK used car sales portal, raises another $311M, now valued at over $2B
Aurora Labs ramps ‘self-healing’ software with $23M from LG Technology Ventures, Porsche SE, Toyota Tsusho
The automotive market is grappling with increasingly complex software systems, and in turn greater risks of glitches that can cause costly and unsafe disruptions and damage an automaker’s credibility. Just look at today’s new cars, trucks and SUVs compared to their counterparts a decade ago. New vehicles coming off assembly lines today contain tens of… Continue reading Aurora Labs ramps ‘self-healing’ software with $23M from LG Technology Ventures, Porsche SE, Toyota Tsusho
Prosus Ventures leads $13 million investment in Pakistan’s ride-hailing giant Bykea
Bykea, which leads the ride-hailing market in Pakistan, has raised $13 million in a new financing round as the five-year-old startup looks to deepen its penetration in the South Asian country and become a “super app.” The startup’s new financing round, a Series B, was led by storied investment firm Prosus Ventures. It’s the first… Continue reading Prosus Ventures leads $13 million investment in Pakistan’s ride-hailing giant Bykea