A year after Kia unveiled its roadmap to sustainable mobility by 2030, the Hyundai-owned brand has upped the ante. At the company’s 2023 CEO Investor Day Wednesday, Kia’s leadership said the company aims to reach KRW 160 trillion ($122 billion) in gross revenue by 2030. The financial goal is part of a general update of… Continue reading Kia aims to reach $122B gross revenue by 2030
Author: Tech Crunch Online News
Morgan Stanley, BP Ventures back Indian e-mobility startup Magenta
Indian electric mobility startup Magenta Mobility has closed a $22 million Series A1 round, backed by $11 million each from Morgan Stanley India Infrastructure and BP Ventures. Magenta will use the all-equity investment to boost its existing logistics and last-mile delivery fleet operations. The Navi Mumbai-headquartered startup has a fleet of 800 three-wheeled electric cargo… Continue reading Morgan Stanley, BP Ventures back Indian e-mobility startup Magenta
Niu’s latest scooter falls short on built-for-the-city promise
The Niu Technologies KQi3 Max has the kind of specs that should make it the ideal scooter for urban dwellers — especially those who live in hilly terrain. The 46.5-pound scooter has enough power to wisk riders through city streets at speeds of up to 20 miles per hour, handle steep hills and sharp turns… Continue reading Niu’s latest scooter falls short on built-for-the-city promise
VW and Redwood want to turn your old laptops into EV batteries
Battery materials and recycling startup Redwood Materials is expanding a partnership with Volkswagen of America in its bid to collect more end-of-life batteries from consumer electronics and strip out the valuable materials so they can be used to make batteries for electric vehicles. Redwood has said its technology can recover more than 95% of the… Continue reading VW and Redwood want to turn your old laptops into EV batteries
Fetcherr raises $12.5M to dynamically price airfare with algorithms
Roy Cohen believes that there’s a severe underinvestment in tech within the airline industry, with airlines continuing to rely on legacy systems and outdated infrastructures that date back decades. Coming from the e-commerce industry, Cohen felt that airlines weren’t making the most of emerging technologies, particularly AI, which he thought had the potential to bolster… Continue reading Fetcherr raises $12.5M to dynamically price airfare with algorithms
Shuttlers raises $4M to fuel its shared mobility solution across Nigeria
Shuttlers, a Nigerian shared mobility company that allows individual and corporate passengers to take rides on multiple bus routes via an app, has raised $4 million in a new funding round led by Verod-Kepple Africa Ventures (VKAV), a Pan-African focused venture capital firm. The round welcomed participation from follow-on investors, including VestedWorld, which led the… Continue reading Shuttlers raises $4M to fuel its shared mobility solution across Nigeria
Black former Tesla worker payout for racial bias slashed from $15M to $3.2M
Owen Diaz, the Black former elevator operator at Tesla’s Fremont factory, has seen his payout in a racial bias lawsuit slashed from $15 million to $3.2 million. Monday’s verdict from a federal jury in San Francisco came after a week-long trial, in which Tesla was once again found to have failed to prevent severe racial… Continue reading Black former Tesla worker payout for racial bias slashed from $15M to $3.2M
First drive: The 2023 Hyundai Ioniq 6 is a swoopy EV sedan that stands out in an SUV crowd
In a world where nearly every automaker is pushing bigger, heavier, battery-electric SUVs and crossovers that all look the same, Hyundai is bucking the trend with its brand new, swoopy, tech-forward 2023 Hyundai Ioniq 6 sedan. The stakes are high for the Hyundai Ioniq 6. Hyundai has cast the sedan as a worthy rival to… Continue reading First drive: The 2023 Hyundai Ioniq 6 is a swoopy EV sedan that stands out in an SUV crowd
Tesla’s silly new accessory is a big, tough home charger
Meet Tesla’s latest gadget: A home charging station that looks as futuristic as a Porsche hard drive from the early 2010s. The Cybervault seems to be a Tesla Wall Connector in a decidedly Cybertruck-inspired case, and boy does it look tough in a promo video posted by Tesla on Weibo. The device is “tailor-made for the… Continue reading Tesla’s silly new accessory is a big, tough home charger
Sustainability at Disrupt
TechCrunch Disrupt 2023 will have a whole new look this fall with one aim in mind: bring together investors, founders and technologists who have specific industry interests — all under one roof at the Moscone Center in San Francisco. Disrupt has always been big. But this year we’re folding TC Sessions, the standalone industry events… Continue reading Sustainability at Disrupt