Bengaluru-based cycle sharing platform Yulu, which offers electric cycles and bicycles on hire for last-mile commute, is in advanced talks to raise a Series A round of ₹100 crore ($15 million) from Chinese investors, including Shunwei Capital, Xiaomi’s venture capital arm, and ex-InMobi chief business officer Atul Satija, according to three people aware of the development.… Continue reading India: Cycle sharing platform Yulu in talks to raise funds from Xiaomi arm, Shunwei, others
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Chinese EV startup Seres halts US launch, lays off 90 people in Silicon Valley
Seres, the Chinese EV startup formerly known as SF Motors, is laying off 90 people in its Silicon Valley office, the company announced in a staff meeting held earlier today. The US launch of its first electric SUV, the SF5, is also now on hold, according to a recording of the meeting obtained by The… Continue reading Chinese EV startup Seres halts US launch, lays off 90 people in Silicon Valley
Warburg-backed logistics robotics startup Geek+ snags $150m Series C1 round
Chinese logistics robotics startup Geek+ has closed a $150 million Series C1 round, led by GGV Capital and US-based hedge fund D1 Capital Partners, according to an announcement on Wednesday. The round, which is reportedly the largest in the logistics robot industry – also saw participation of its existing investors including Warburg Pincus, a US-based… Continue reading Warburg-backed logistics robotics startup Geek+ snags $150m Series C1 round
Last Volkswagen Beetle drives into the sunset
PUEBLA, Mexico (Reuters) – Volkswagen (VOWG_p.DE) rolled the last Beetle off the assembly line on Wednesday, the end of the road for a car that ran from Nazi Germany through hippie counterculture but failed to navigate a swerve in consumer tastes toward SUVs. Serenaded by a mariachi band and surrounded by proud factory workers, the… Continue reading Last Volkswagen Beetle drives into the sunset
India Dealbook: Cornerstone backs two B2B startups; PURE EV gets funding
B2B tech startups, Wigzo and IntelligenceNode Consulting, and IIT Hyderabad-incubated PURE EV are among the latest startups that have raised funding. Cornerstone Venture backs B2B startups Cornerstone Venture Partners, established by former Reliance Industries executives, has invested $1 million each in two early-stage B2B tech startups, Wigzo and IntelligenceNode Consulting. The VC firm, founded by… Continue reading India Dealbook: Cornerstone backs two B2B startups; PURE EV gets funding
Former Tesla employee admits uploading Autopilot source code to his iCloud
Guangzhi Cao, a former engineer at Tesla, admitted in a court filing this week that he uploaded zip files containing Autopilot source code to his personal iCloud account in late 2018 while still working for the company. Tesla sued Cao earlier this year for allegedly stealing trade secrets related to Autopilot and bringing them to… Continue reading Former Tesla employee admits uploading Autopilot source code to his iCloud
Bird is making Paris its ‘second home,’ as city cracks down on scooter riding
Bird is planning to build a new hub in Paris and hire 1,000 people over two years to help spur the growth of its scooter-sharing service across the European continent. Bird CEO Travis VanderZanden said the hub will be the Santa Monica-based company’s “second European home.” Bird first launched its dockless, electric scooter rental business… Continue reading Bird is making Paris its ‘second home,’ as city cracks down on scooter riding
Bird plans to hire 1,000 people in Paris
Scooter startup Bird is betting on the French market in a significant way. The company plans to open up its biggest European office in Paris. Eventually, Bird wants to hire 1,000 people by mid-2021, which is a meaningful number for a company that has been around for a couple of years. Paris is an important… Continue reading Bird plans to hire 1,000 people in Paris
Hear Rivian engineers talk self-driving and designing for adventures
Rivian promises to make electric vehicles for adventures. Hear two of the company’s engineers discuss the automotive startup’s processes and strategy around Level 3 self-driving technology and designing vehicles for outdoor adventures. Go to Source
Waymo has now driven 10 billion autonomous miles in simulation
Alphabet’s Waymo autonomous driving company announced a new milestone at TechCrunch Sessions: Mobility on Wednesday: 10 billion miles driving in simulation. This is a significant achievement for the company, because all those simulated miles on the road for its self-driving software add up to considerable training experience. Waymo also probably has the most experience when… Continue reading Waymo has now driven 10 billion autonomous miles in simulation