Swiggy is cutting about 1,000 jobs, most from its cloud kitchen division, as India’s top food delivery startup scales back some of its businesses in response to the coronavirus pandemic that has drastically affected millions of firms. In a statement, the Bangalore-based startup said it was “evaluating various means to stay nimble and focus on… Continue reading Indian food delivery startup Swiggy is cutting about 1,000 jobs
Author: Tech Crunch Online News
GM exits car-sharing business and shuts down Maven
GM’s experiment with car sharing is over. The automaker Tuesday said its Maven car-sharing service, which launched in 2016, will shut down for good. Maven had paused service due to the COVID-19 pandemic. The company sent an email to customers Tuesday that after examining the business, the car-sharing industry and COVID-19, it decided to shutter… Continue reading GM exits car-sharing business and shuts down Maven
Cruise hires PG&E board chairman Jeff Bleich as chief legal officer
Cruise, the subsidiary of GM that also has backing from SoftBank Vision Fund, automaker Honda and T. Rowe Price & Associates, is turning to a heavy hitter to head up its legal team. The autonomous vehicle technology company has hired Jeff Bleich, board chairman of utility Pacific Gas & Electric, as its chief legal officer.… Continue reading Cruise hires PG&E board chairman Jeff Bleich as chief legal officer
Uber argues ‘fraud’ absolves it from paying star engineer’s $179M fine to Google
Uber argued in a recent court filing that former employee Anthony Levandowski committed fraud, an action that frees the company from any obligation to pay his legal bills, including a judgment ordering the star engineer to pay Google $179 million. The court filing was first reported by Bloomberg. Uber’s fraud claim was part of its… Continue reading Uber argues ‘fraud’ absolves it from paying star engineer’s $179M fine to Google
The Station: Pony.ai turns to delivery, Kodiak cuts, Lime snaps up Boosted’s IP
Hi and welcome back to The Station, a weekly newsletter dedicated to the future (and present) of transportation. I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. What you’re reading here is an abbreviated version of The Station. To get the complete newsletter, which comes out every weekend, go here and click The Station.… Continue reading The Station: Pony.ai turns to delivery, Kodiak cuts, Lime snaps up Boosted’s IP
GM delivers first ventilators under 30,000-unit government contract
Ventilators assembled by GM and Ventec Life Systems were delivered to hospitals Thursday night with more making their way to facilities today and through the weekend, the first in a 30,000-unit order with the U.S. government. The deliveries, which went to hospitals in Chicago and Olympia Fields, Ill., are a milestone for the two companies… Continue reading GM delivers first ventilators under 30,000-unit government contract
Ola opens its tech platform to Indian government to combat coronavirus crisis
As India scrambles to keep its citizens safe from the coronavirus, local ride-hailing giant Ola has stepped up to help. The Indian firm has made its technology platform — which is capable of, among other things, conducting real-time tracking and navigation and managing crowds — available to the federal and state governments at no cost.… Continue reading Ola opens its tech platform to Indian government to combat coronavirus crisis
Kapten merges with parent company Free Now, starts restructuring plan
French ride-hailing company Chauffeur-Privé rebranded to Kapten just last year. At the time, the company had big expansion plans to compete with Uber in Europe across multiple markets. But Kapten is now going to merge with Free Now, another app from the same company — following this move, there will be a restructuring plan. Kapten… Continue reading Kapten merges with parent company Free Now, starts restructuring plan
Lucid Motors’ EV factory starts to take shape
Four months after breaking ground, the Lucid Motors factory in Arizona sits — its new roof and sign emblazoned on its side— waiting for construction to resume. The electric vehicle company released Tuesday new photos of the factory located off Interstate 10 between Phoenix and Tucson. Construction was “well ahead of schedule” when Gov. Doug… Continue reading Lucid Motors’ EV factory starts to take shape
Former Uber exec raises $31M for his Jakarta-based logistics startup Kargo, announces relief fund to battle coronavirus
Kargo, a Jakarta-based logistics startup co-founded by veteran Uber Asia executive Tiger Fang, has raised $31 million to scale its business and help firms in the Southeast Asian nation fight the coronavirus. Silicon Valley-based Tenaya Capital, Sequoia India, Mirae Asset Management and Intudo Ventures among others financed Kargo’s Series A round. The startup, which has… Continue reading Former Uber exec raises $31M for his Jakarta-based logistics startup Kargo, announces relief fund to battle coronavirus