If you’ve tried to rent a Jump bike or scooter in London, Paris, Brussels or Rome over the past few days, you may have noticed that they’ve suddenly vanished, as Fluctuo reported on its Twitter account. The reason is that Lime has closed the acquisition of Uber’s micromobility subsidiary Jump in Europe today, a few… Continue reading Lime closes acquisition of Jump assets in Europe as Jump bikes and scooters disappear
Author: Tech Crunch Online News
China’s BYD nabs $113M to produce IGBTs, the ‘CPU of electric cars’
BYD Co., the Chinese auto giant backed by Warren Buffett, is rushing to make China self-sufficient in the production of electric vehicles. On Monday, the firm said in a filing it has secured 800 million yuan ($113 million) in a Series A+ round for its chipmaking arm, BYD Semiconductor. At stake is the race to make… Continue reading China’s BYD nabs $113M to produce IGBTs, the ‘CPU of electric cars’
Forget the casino, bankrupt Hertz can now sell up to $1 billion in stock
Hertz, the rental car company that is going through Chapter 11 bankruptcy proceedings, can now sell up to $1 billion in stock as it seeks to tap into one of the hottest tickets in town: traders with an appetite for short-term speculative bets. The decision Friday by the U.S. Bankruptcy Court for the District of… Continue reading Forget the casino, bankrupt Hertz can now sell up to $1 billion in stock
Volkswagen launches home EV charging system sales ahead of ID.3 vehicle deliveries
Volkswagen has started to sell a home-charging device as the automaker prepares to bring its new ID family of electric vehicles to market. The ID.3 is the first electric vehicle under the ID label and will only be sold in Europe. Customers who made reservations for the launch edition, known as ID.3 1st, will be… Continue reading Volkswagen launches home EV charging system sales ahead of ID.3 vehicle deliveries
Daily Crunch: Uber might lose out on acquiring Grubhub
Uber stocks tumble after reports that it will lose out on acquiring Grubhub, Reddit appoints a new board member and Republican senators question the legal protections of large social media platforms. Here’s your Daily Crunch for June 10, 2020. 1. Uber shares tumble 5% as reports indicate it will lose Grubhub deal to European rival… Continue reading Daily Crunch: Uber might lose out on acquiring Grubhub
Uber shares tumble 5% as reports indicate it will lose Grubhub deal to European rival
Update: Just Eats Takeaway confirmed today in a release that “it is in advanced discussions with Grubhub regarding an all-share combination of Just Eat Takeaway.com with Grubhub.” More when we have it. Reports this morning indicate that Uber, the American ride-hailing giant with a global footprint, will lose out on its attempt to buy Grubhub, an… Continue reading Uber shares tumble 5% as reports indicate it will lose Grubhub deal to European rival
Nikola Motor to open pre-orders for fuel cell pickup truck to compete with Ford, Tesla
Nikola Motor Company, the Arizona startup that made its debut as a publicly traded company June 4, will open reservations later this month for a hydrogen fuel cell electric pickup truck that was designed to compete with the Ford F-150. Reservations, or pre-orders, will open June 29 for the hydrogen-electric pickup truck known as the… Continue reading Nikola Motor to open pre-orders for fuel cell pickup truck to compete with Ford, Tesla
Lilium adds $35M from Baillie Gifford at a $1B+ valuation for its electric aircraft taxi service
While most air travel continues to be ground to a halt, a German startup working on what it hopes will be a major breakthrough in flying has raised more funds to continue building its service. Lilium, which is designing an all-electric vertical take-off and landing aircraft that it plans to build into a taxi-style fleet… Continue reading Lilium adds $35M from Baillie Gifford at a $1B+ valuation for its electric aircraft taxi service
Uber could lose its Grubhub deal to Just Eat or Delivery Hero
According to CNBC there are two suitors rivaling Uber for purchase of U.S. food delivery company Grubhub: Just Eat Takeaway (the union of Just Eat and Takeaway) and Delivery Hero. Both are European companies perhaps looking for a major entry to the United States market. Just Eat Takeaway is based in the U.K. and Holland,… Continue reading Uber could lose its Grubhub deal to Just Eat or Delivery Hero
Kitty Hawk ends Flyer program, shifts focus to once-secret autonomous aircraft
Kitty Hawk is shutting down its Flyer program, the aviation startup’s inaugural moonshot to develop an ultralight electric flying car designed for anyone to use. The company, backed by Google co-founder Larry Page and led by Sebastian Thrun, said it’s now focused on scaling up Heaviside, a sleeker, more capable (once secret) electric aircraft that… Continue reading Kitty Hawk ends Flyer program, shifts focus to once-secret autonomous aircraft