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
Author: Tech Crunch Online News
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
E-scooter startup Neuron Mobility adds $12M to its Series A for expansion in Australia and New Zealand
Neuron Mobility, a Singapore-based e-scooter rental startup, announced today that it has added $12 million to its Series A. Led by Square Peg, an Australian venture capital firm and GSR Ventures, this increases the round’s new total to $30.5 million. The company, which operates in Australia and New Zealand in addition to Southeast Asian markets,… Continue reading E-scooter startup Neuron Mobility adds $12M to its Series A for expansion in Australia and New Zealand
Ford drops the price of its all-electric Mustang Mach-E to stay ‘fully competitive’
Ford has slashed the price of its upcoming all-electric Mustang Mach-E crossover by as much as $3,000 as the automaker seeks to stay competitive in an increasingly crowded and unsettled sector of the automotive market. The price reductions, which were shared with dealerships and then posted Tuesday on the Mach-E Club owners’ forum, will be… Continue reading Ford drops the price of its all-electric Mustang Mach-E to stay ‘fully competitive’
Polaris and Zero Motorcycles reach deal to bring electric off-roaders to market
Polaris is a name synonymous with powersports — just head to any of the hundreds of snowmobile trails in Wisconsin, Minnesota or other sufficiently wintry place for evidence. Now, it’s teaming up with Zero Motorcycles, Santa Cruz-based maker of electric motorcycles and powertrains, to electrify its lineup. The two companies announced Tuesday a 10-year agreement… Continue reading Polaris and Zero Motorcycles reach deal to bring electric off-roaders to market
Postmates cuts losses in Q2 as it heads towards tie-up with Uber
Popular food delivery service Postmates is in the process of merging with Uber in a blockbuster $2.65 billion deal that would see it join forces with its food delivery competitor, Uber Eats. The deal remains under antitrust scrutiny, and has not yet been approved for closing. The deal is expected to close in the first… Continue reading Postmates cuts losses in Q2 as it heads towards tie-up with Uber
Nikola chairman, VectoIQ CEO Steve Girsky eyes his next transportation investment
Steve Girsky, the former GM vice chairman, consultant and investor whose special purpose acquisition company (SPAC) merged with hydrogen electric startup Nikola this summer, is in talks to back self-driving trucks startup TuSimple, according to four people familiar with the deal. The capital would come from Girsky’s VectoIQ LLC, a consulting and investment company he… Continue reading Nikola chairman, VectoIQ CEO Steve Girsky eyes his next transportation investment
HumanForest suspends London e-bike sharing service, cuts jobs after customer accident
UK-based startup HumanForest has suspended its nascent ‘free’ e-bike service in London this week, after experiencing “mechanical” issues and after a user had an accident on one of its bikes, TechCrunch has learned. The suspension has also seen the company make a number of layoffs with plans to re-launch next spring using a different e-bike.… Continue reading HumanForest suspends London e-bike sharing service, cuts jobs after customer accident
EV charging network ChargePoint to go public via SPAC
Several electric vehicle startups, including Canoo, Fisker Inc., Lordstown Motors and Nikola Corp., have gone public this year by merging with a special purpose acquisition company. Now, an electric vehicle charging company is joining the growing list of SPACs. ChargePoint, an electric vehicle charging network, has struck a deal to merge with special-purpose acquisition company… Continue reading EV charging network ChargePoint to go public via SPAC