Hello and welcome to an Equity Shot, a short-form episode of the show where we dive into a single breaking news story. Guess what we’re talking about today?! It’s Lyft. You guessed correctly. The Lyft S-1 is the very first major S-1 event of 2019. As you might recall, the government shutdown gummed the IPO… Continue reading Equity Shot: Lyft files to go public and we’re stoked
Author: Tech Crunch Online News
Lyft will give eligible drivers a one-time cash bonus up to $10K
Hardworking drivers, rejoice! As part of Lyft’s initial public offering, the transportation company is deciding to reward the drivers who form the backbone of the company’s core service. The program will give a maximum cash bonus of $10,000 to drivers “in good standing” who have completed at least 20,000 rides as of February 25, 2019.… Continue reading Lyft will give eligible drivers a one-time cash bonus up to $10K
India’s Ola spins out a dedicated EV business — and it just raised $56M from investors
Ola, Uber’s key rival in India, is doubling down on electric vehicles after it span out a dedicated business, which has pulled in $56 million in early funding. The unit is named Ola Electric Mobility and it is described as being an independent business that’s backed by Ola. TechCrunch understands Ola provided founding capital, and… Continue reading India’s Ola spins out a dedicated EV business — and it just raised $56M from investors
Tesla closing retail stores in shift to online-only sales strategy
Tesla is moving all of its sales online, a dramatic shift in its sales strategy that will result in the closure of stores and some layoffs as the automaker looks for ways to reduce costs in order to bring a cheaper Model 3 to market. Tesla CEO Elon Musk didn’t say how many stores would… Continue reading Tesla closing retail stores in shift to online-only sales strategy
SoftBank’s Vision Fund invests $1.5B in Chinese second-hand car startup Chehaoduo
SoftBank’s Vision Fund is taking a bet on China’s auto market after it agreed to pour $1.5 billion into online car trading group Chehaoduo, which literally means “many cars” in Chinese. The Beijing-based company operates two main sites — peer-to-peer online marketplace Guazi for used vehicles, and Maodou, which retails new sedans through direct sales… Continue reading SoftBank’s Vision Fund invests $1.5B in Chinese second-hand car startup Chehaoduo
Go-Jek’s Get app officially launches in Thailand as Southeast Asia expansion continues
Go-Jek is extending its reach in Southeast Asia after its Thailand-based unit made its official launch, which included the addition of a new food delivery service. Get, which is the name for Go-Jek business in Thailand, started out last year offering motorbike taxi on-demand services to a limited part of Thai capital city Bangkok, now… Continue reading Go-Jek’s Get app officially launches in Thailand as Southeast Asia expansion continues
Polestar unveils its all-electric response to the Tesla Model 3
Volvo’s standalone electric performance brand Polestar introduced Wednesday its first all-electric vehicle — a five-door fastback that is gunning for the Tesla Model 3. In the past few years, every time an electric vehicle — concept, prototype, or production version — has been unveiled, the term “Tesla killer” has been tossed about regardless of whether… Continue reading Polestar unveils its all-electric response to the Tesla Model 3
BMW continues to bet on the (Azure) cloud
Earlier this week, at MWC Barcelona, BMW announced its newest in-car AI initiative: BMW Natural Interaction. The idea here is to use cameras, microphones and other sensors in the car to allow you to have more natural interactions with the car, either through voice or gestures. The marquee feature here is the ability to point… Continue reading BMW continues to bet on the (Azure) cloud
Elon Musk has until March 11 to respond to SEC contempt motion
Tesla CEO Elon Musk has until March 11 to explain why he should not be held in contempt for violating a settlement agreement with the U.S. Securities and Exchange Commission. The SEC asked a judge Monday to hold Musk in contempt for violating the settlement agreement reached with the agency last year. Reuters was the… Continue reading Elon Musk has until March 11 to respond to SEC contempt motion
Ford partners with geocoding startup what3words
Ford is partnering with what3words to give drivers access to the startup’s novel addressing system. Under the partnership, drivers will be able to connect to the free what3words app — on an iOS or Android device — to their vehicle via their SYNC 3 infotainment platform. Drivers can find the three-word address on website contact… Continue reading Ford partners with geocoding startup what3words