Any question of what business sector is — and is not — profitable at Ford is no longer a mystery. Ford lost about $3 billion on its EV and digital services business over the past two years, a unit now known as Model e, and isn’t expected to be profitable (on an adjusted basis that… Continue reading Ford expects EV business unit to lose $3B this year, hit profitability in late 2026
Author: Tech Crunch Online News
How a proposed federal e-bike incentive could lead to fewer battery fires
As electric bikes grow in popularity, the number of deadly fires caused by faulty lithium-ion batteries has also risen. One of the main culprits? Cheap e-bikes delivered from non-reputable, overseas companies direct to consumers. A reintroduced bill that would provide Americans with a federal rebate of up to $1,500 toward the purchase of an e-bike… Continue reading How a proposed federal e-bike incentive could lead to fewer battery fires
Hear from Contrary Capital and AtoB on TechCrunch Live today
The rise in e-commerce has made trucking an increasingly vital industry. Despite 21st century technological advancements that have boosted the industry, it’s still run mainly by small businesses and independent truckers, meaning it’s fragmented and often operates on outdated financial platforms. Truckers are feeling the pain of high costs of fuel and antiquated payments systems,… Continue reading Hear from Contrary Capital and AtoB on TechCrunch Live today
Kakao Mobility picks up ‘super app’ startup Splyt, once backed by SoftBank and Grab
Kakao Mobility, the ride-hailing subsidiary of South Korean messaging and internet giant Kakao, has made its first acquisition as it looks to raise its international profile. It has acquired Splyt, a startup out of London that works with apps in areas like travel, ride-hailing and finance to help them build out “super app” strategies by… Continue reading Kakao Mobility picks up ‘super app’ startup Splyt, once backed by SoftBank and Grab
Elon Musk’s The Boring Company seeks to double the size of its Vegas Loop
Elon Musk’s Boring Company is doubling down on its Vegas bet, with a proposal that would expand its underground transport system to 65 miles of tunnels below the streets of Sin City. The proposed network map, which was recently filed with the city of Las Vegas and not previously reported, depicts dozens of tunnels criss-crossing… Continue reading Elon Musk’s The Boring Company seeks to double the size of its Vegas Loop
Ford unveils the all-new €45,000 Explorer EV for the European market
Ford today took the wraps off the Explorer EV. The €45,000 model, which is headed to the European market, shares little with the internal combustion vehicle that carries the same name. The Explorer EV is smaller, features an entirely new design in and out, and has a starting price nearly €10,000 higher. The car company… Continue reading Ford unveils the all-new €45,000 Explorer EV for the European market
Foiled again: Candela raises another $20M to set course for the future of ferries
Swedish company Candela will launch its 30-passenger commercial hydrofoil shuttle, the P-12, this summer — the vessel it believes will change the course of motorized water transport. Following on from its C-7 and C-8 leisure cruisers, Candela has already been making waves with its drive to transition to fossil-free waterways. “We are now heavy into… Continue reading Foiled again: Candela raises another $20M to set course for the future of ferries
Hear why AtoB calls itself Stripe for trucking on TechCrunch Live
Trucking is a vital industry and yet the majority of operations are operating on outdated platforms. AtoB thinks it has the solution and CEO and co-founder Harshita Arora says the company is essentially Stripe for transportation. I’m excited to have her and Eric Tarczynski of Contrary Capital speaking on an upcoming TechCrunch Live taking place… Continue reading Hear why AtoB calls itself Stripe for trucking on TechCrunch Live
Pull Systems launches out of Up.Labs-Porsche partnership to tackle EV performance
When Porsche partnered with venture studio UP.Labs, the mission was to create six startups over three years all designed to solve the German automaker’s biggest problems and be compelling enough as a standalone business it that can attract other customers. On Porsche’s list: software that helps manage and automate the performance of EVs. Pull Systems,… Continue reading Pull Systems launches out of Up.Labs-Porsche partnership to tackle EV performance
Via confirms it’s acquired trip planning app Citymapper to boost its transit tech
Last month, when transportation startup Via raised $110 million at a $3.5 billion valuation, CEO Daniel Ramot said it planned to make acquisitions to grow its transportation technology stack. Now, a piece of that strategy is falling into place: today the company is announcing its acquisition of Citymapper, the London startup that produces a popular… Continue reading Via confirms it’s acquired trip planning app Citymapper to boost its transit tech