Uber sold its food delivery business in India to the local rival Zomato for $206 million, the American ride-hailing company disclosed in a regulatory filing in one of its key overseas markets. In January, Uber announced that it had sold the India business of Uber Eats to Zomato for a 9.99% stake in the loss-making… Continue reading Uber sold its food delivery business in India to Zomato for $206M
Author: Tech Crunch Online News
Lyft ramps up self-driving program
A year ago, Lyft submitted a report to the California Department of Motor Vehicles that summed up its 2018 autonomous vehicle testing activity in a single, short paragraph. “Lyft Inc. did not operate any vehicles in autonomous mode on California public roads during the reporting period,” the letter read. “As such, Lyft Inc. has no… Continue reading Lyft ramps up self-driving program
Facebook Messenger ditches Discover, demotes chat bots
Chat bots were central to Facebook Messenger’s strategy three years ago. Now they’re being hidden from view in the app along with games and businesses. Facebook Messenger is now removing the Discover tab as it focuses on speed and simplicity instead of broad utility like China’s WeChat. The changes are part of a larger Messenger… Continue reading Facebook Messenger ditches Discover, demotes chat bots
Improving the logistics of trucking, San Diego’s Flock Freight raises $50 million
“We want to change the way freight moves,” says Oren Zaslansky, the chief executive and founder of Flock Freight. His company, which has been operating in stealth mode for the last two years, has finally emerged with a new solution for freight shipping that purports to bring in more money to shippers, remove inefficiencies in… Continue reading Improving the logistics of trucking, San Diego’s Flock Freight raises $50 million
Citroën introduces a two-seat EV that costs €19.99 a month
The Citroën Ami is a new take on urban mobility. It’s electric, cheap and doesn’t require a license. In short, it’s less of a car and more of an electric scooter with two seats, doors and a heater. Jokes aside, the Citroën Ami could be a glimpse at the future of mobility. The innovation isn’t… Continue reading Citroën introduces a two-seat EV that costs €19.99 a month
DoorDash, the $13B on-demand food delivery startup, says it has confidentially filed for an IPO
The on-demand food delivery wars continue to heat up in the U.S. DoorDash announced today that it has filed confidentially to go public. The company noted that its Form S-1, a draft registration statement, was filed with the SEC and is now being reviewed. It did not say how many shares it would potentially sell,… Continue reading DoorDash, the $13B on-demand food delivery startup, says it has confidentially filed for an IPO
Spin is launching electric scooters in Germany this spring
Spin, the electric scooter company owned by Ford, is gearing up to launch its vehicles for the first time outside of the U.S. This spring, the plan is to launch in Cologne, Germany, followed by other German cities. Spin also plans to apply for the e-scooter permit in France next month, as well as explore… Continue reading Spin is launching electric scooters in Germany this spring
Tier Mobility acquires Coup’s electric moped scooters
Tier Mobility operates a scooter service, the kick-scooter-with-a-motor kind. And it has acquired assets from Coup, a now-defunct scooter service, the moped kind. Coup shut down late last year, and Tier Mobility plans to take over and start its own shared moped service. To be clear, Coup is over, but its mopeds will stick around.… Continue reading Tier Mobility acquires Coup’s electric moped scooters
Panasonic is ending its solar cell partnership with Tesla
Panasonic said it will stop producing solar cells and modules at Tesla’s factory in Buffalo, N.Y., ending a four-year joint venture with the electric automaker. Nikkei Asian Review was the first to report that Panasonic planned to end its production agreement with Tesla. Panasonic has since issued an announcement to explain its decision. Tesla did… Continue reading Panasonic is ending its solar cell partnership with Tesla
Cityscoot raises another $25.6 million for its electric moped service
French startup Cityscoot is raising a $25.6 million (€23.6 million) funding round from Allianz France, Demeter as well as existing investors Groupe RATP and Banque des Territoires. The startup is also raising at least $6.5 million (€6 million) in debt in order to finance its service. Cityscoot is a free-floating electric scooter service (moped scooters).… Continue reading Cityscoot raises another $25.6 million for its electric moped service