Southeast Asian ride-hailing firm Grab has made its most ambitious investment to date after it backed India-headquartered budget hotel network OYO to the tune of $100 million. The investment was part of a $1 billion Series E round led by SoftBank’s Vision Fund that closed back in September. The deal was first made public via a… Continue reading Grab invests $100M into India’s OYO to expand its budget hotel service in Southeast Asia
Author: Tech Crunch Online News
Lyft files IPO documents with SEC
Lyft has filed a draft registration statement with the U.S. Securities and Exchange Commission for its long-awaited initial public offering, Lyft wrote in a press release today. However, the exact timing of the offering is unclear. In a confidential filing with the SEC, Lyft did not state the number of shares it expects to offer,… Continue reading Lyft files IPO documents with SEC
And Uber is going with . . . Bird (looks like)
Five months ago, the Bay Area-based electric scooter rental company Lime joined forces with the ride-hailing giant Uber, which both invested in the company as part of a $335 million round and said it was going to promote Lime in its mobile app. It’s looking now like that may have been a mistake for Lime. Though… Continue reading And Uber is going with . . . Bird (looks like)
Neuron Mobility raises $3.7M to bring e-scooters to Southeast Asia’s cities
Despite the rise in electric scooters in the U.S., you’d be forgiven for thinking that Asia — the region where bike-sharing foreshadowed the rise of e-scooters — has been left off the party. But e-scooters have quietly been in the region for some time and now they are beginning to ramp up. Singapore-based Neuron Mobility is… Continue reading Neuron Mobility raises $3.7M to bring e-scooters to Southeast Asia’s cities
Waymo launches self-driving car service Waymo One
Waymo, the former Google self-driving project owned by parent company Alphabet, is launching a commercial robotaxi service in the Phoenix area dubbed Waymo One. This milestone, for the company and nascent self-driving technology industry, comes with caveats. The Waymo One self-driving car service, and accompanying app, won’t be available to just anyone. And for now,… Continue reading Waymo launches self-driving car service Waymo One
China’s Didi restructures key units to improve safety following passenger deaths
China’s largest ride-hailing operator Didi Chuxing announced on Wednesday a major restructuring, which trails a series of tweaks to its core businesses following two separate passenger murders that happened in May and September. The reshuffle will see Didi — which owns Uber’s China business — knit three key platforms into a new overarching Ride-hailing Business Group… Continue reading China’s Didi restructures key units to improve safety following passenger deaths
Faraday Future furloughs more employees as cash woes continue
For a company with such a forward looking name, the road ahead has been looking pretty bleak for Faraday Future. Debts, fleeing executives and payroll delays have clouded the last year of the automaker’s history — with ultimately very little to show for it. Faraday took to Twitter today to note the latest in its… Continue reading Faraday Future furloughs more employees as cash woes continue
Madrid authorities order Lime, Wind and Voi to halt e-scooter sharing in the Spanish city
More evidence has emerged that the e-scooter sharing market faces a bumpy ride, as news circulates that authorities in Madrid have revoked licenses for all three operators in the city. Lime, Wind and Voi, are being given a maximum of 72 hours to remove scooters from the city’s streets, whilst I understand it follows a… Continue reading Madrid authorities order Lime, Wind and Voi to halt e-scooter sharing in the Spanish city
Robot couriers scoop up early-stage cash
Joanna Glasner Contributor More posts by this contributor Getting personal: Funding rises for software-driven tastemakers The alumni of these universities raised the most VC in the past year Much of the last couple of decades of innovation has centered around finding ways to get what we want without leaving the sofa. So far, online ordering… Continue reading Robot couriers scoop up early-stage cash
Shuttle business Via could add scooters to its lineup
Via, a shuttle-based carpooling service and platform that partners with cities in the U.S. and Europe, could soon add scooters to its business. Via CEO and co-founder Daniel Ramot said on stage at TechCrunch Disrupt Berlin that the company is experimenting with the idea of adding scooters as a complement to its shuttle business. “We’re also adding scooters… Continue reading Shuttle business Via could add scooters to its lineup