Uber may be global but it is very much the alternative in some parts of the world. One such place is Bangladesh — the South Asian country that’s home to 160 million people — where local rival Pathao is backed by Go-Jek and recently raised $10 million. Now Pathao’s closest rival, Shohoz, has also pulled in… Continue reading Ride-hailing startup Shohoz raises $15M to build the Grab of Bangladesh
Author: Tech Crunch Online News
A Lime scooter rider died this morning in Washington, D.C., marking the second fatality this month
Lime, the 18-month-old, San Francisco-based company whose bright green bicycles and scooters now dot cities throughout the U.S., launched a pilot program in Tacoma, Washington, today, but that tiny victory might have felt short-lived. The reason: on the opposite side of the country, a Lime rider was killed today by an SUV while tooling around Washington… Continue reading A Lime scooter rider died this morning in Washington, D.C., marking the second fatality this month
On-demand trucking app Convoy raises $185M at $1B valuation
CapitalG, the growth equity arm of Alphabet, has led the $185 million round in Convoy, its first investment in the Seattle-based tech-enabled trucking network. The round brings Convoy’s total raised to $265 million and values the company at $1 billion. New investors T. Rowe Price and Lone Pine Capital participated in the financing alongside existing… Continue reading On-demand trucking app Convoy raises $185M at $1B valuation
Bird hits 10 million scooter rides
Bird just announced 10 million scooter rides since launching about one year ago. If this story sounds familiar to you, it’s probably because Bird competitor Lime earlier today announced it surpassed 11.5 million rides across its shared bikes and scooters. Bird, which launched last September in Santa Monica, Calif., currently operates in 100 cities and… Continue reading Bird hits 10 million scooter rides
Lunewave is pitching a new sensor offering better vision for autonomous vehicles
The investment arms of BMW and the Chinese search technology giant, Baidu, along with a large original equipment manufacturer for the auto industry and a slew of technology investors have all come together to back Lunewave, a startup developing new sensor technologies for autonomous vehicles. The $5 million seed round which the company just closed… Continue reading Lunewave is pitching a new sensor offering better vision for autonomous vehicles
Lime hits 11.5 million bike and scooter rides
Bike and scooter company Lime recently hit 11.5 million rides, a couple of months after it surpassed six million rides. This milestone comes just 14 months after Lime deployed its first bikes. Today, Lime is in more than 100 markets throughout the U.S. and Europe. Last December, Lime brought its bikes to a number of European… Continue reading Lime hits 11.5 million bike and scooter rides
VW reimagines the microbus as an all-electric cargo hauler
The slow roll towards electrified vehicles isn’t isolated to passenger cars and SUVs. Manufacturers are investing in commercial vehicles as well — everything from school buses and delivery vans to big commercial trucks. VW Group’s vision for an electrified commercial vehicle future also includes a microbus. The automaker’s commercial vehicles unit unveiled five zero-emission vehicles… Continue reading VW reimagines the microbus as an all-electric cargo hauler
Audi partners with Amazon and Electrify America to help kickstart its EV ecosystem
Audi is partnering with e-commerce giant Amazon and VW Group unit Electrify America as the automaker prepares to deliver its first all-electric SUV to U.S. dealerships next year. The Audi e-tron, which was unveiled Monday night in San Francisco, kicks off the German automaker’s electric vehicle ambitions. The e-tron is the first of three battery-electric… Continue reading Audi partners with Amazon and Electrify America to help kickstart its EV ecosystem
Go-Jek plans to raise $2B more for Southeast Asia ride-hailing battle
Indonesia’s Go-Jek is planning to raise $2 billion from investors to fuel its ride-hailing battle with Grab in Southeast Asia. Go-Jek raised $1.5 billion earlier this year from investors that include Chinese trio Tencent, Meituan and JD.com, as well as Google, Allianz and Singapore sovereign fund Temasek. Now it is planning to raise a further… Continue reading Go-Jek plans to raise $2B more for Southeast Asia ride-hailing battle
A Tesla investor says he was recently questioned by US regulators about that infamous ‘funding secured’ tweet
Last week, onstage at TechCrunch Disrupt, regulator Jina Choi, who heads the SEC’s wide-reaching San Francisco unit, declined to confirm or deny that the SEC is investigating Tesla CEO Elon Musk for possible fraud. Said Choi, “I can’t tell you about any particular investigation in our office. And I can’t confirm or deny the existence… Continue reading A Tesla investor says he was recently questioned by US regulators about that infamous ‘funding secured’ tweet