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Mexican unicorn Kavak raises a $485M Series D at a $4B valuation.

Kavak, the Mexican startup that’s disrupted the used car market in Mexico and Argentina, today announced its Series D of $485 million, which now values the company at $4 billion. This round more than triples their previous valuation of $1.15 billion, which established them as a unicorn just a couple of months ago in October of 2020. Kavak is now one of the top five highest-valued startups in Latin America. The round was led by D1 Capital Partners, Founders Fund, Ribbit, and BOND, and brings K...
Tags: Startups, Transportation, Ecommerce, Apps, Mexico, Finance, Funding, Articles, Tech, Colombia, Automotive, Used Cars, Brazil, Argentina, Online Marketplace, Logistics

Viewing Cazoo’s proposed SPAC debut through Carvana’s windshield

News that U.K.-based used car seller Cazoo intends to list in the United States via a SPAC is not surprising. After all, the SPAC boom we’ve seen in recent quarters means that there are a host of American blank-check companies in the market looking for deals — why would they stop at domestic borders? But the Cazoo deal is not a surprise for other reasons as well. We’ve seen the value of related American company Carvana spike in recent years after its 2017 IPO, for example. And Carvana has shown ...
Tags: TC, Transportation, Ecommerce, Tech, Automotive, United States, Venture Capital, Deliveroo, SPAC, Carvana, The Exchange, Cazoo, EC Newsletter, EC Ecommerce and D2C, EC Mobility Hardware, Cazoo AJAX

As End of Lockdown Nears, eBay’s Puts Millions Into Ad Push

The role of the car in family life has been multifaceted during the pandemic, as driving for necessity has made it safer to run errands, but traveling for fun has often been nonexistent. With the end of lockdown in the U.K. seeming to draw near, there is a feeling of optimism to get out and...
Tags: Ecommerce, Advertising, Creative, Automotive, eBay 's Motors

End-to-end operators are the next generation of consumer business

Roger Lee Contributor Share on Twitter Roger Lee is a general partner at Battery Ventures, based in Menlo Park, CA, who focuses on investments in software and consumer tech, including online marketplaces. More posts by this contributor Keys to ascending the consumer-internet throne How to communicate with your board in tough times Justin Da Rosa Contributor ...
Tags: Health, TC, Transportation, Ecommerce, Column, Real Estate, Entertainment, Finance, Marketing, San Francisco, Supply Chain Management, Tech, Automotive, Yellow Pages, Exit, Battery Ventures

Seniors Adopt Digital and Drive Less

Seniors, the Silent Generation and Baby Boomers alike, have adopted new retail habits. Large gains in digital spending have largely been a result of the pandemic, although many who have embraced these changes will likely stick with them post-pandemic. Digital spending has been growing for awhile, but e-commerce penetration by boomers and the Silent Generation […] The post Seniors Adopt Digital and Drive Less appeared first on The Truth About Cars.
Tags: Ecommerce, Technology, Digital, Autos, Seniors, Baby Boomers, By The Numbers, News Blog, Silent Generation, Online Purchases, Digital Spending

Plug Power Expands eCommerce Use of Hydrogen and Fuel Cells at Walmart

  Plug Power, a provider of hydrogen engines and fueling solutions, is expanding its support of Walmart’s eCommerce network. Plug Power currently supports more than 9,500 GenDrive fuel cell-powered vehicles used by 37 Walmart distribution centers across North America. Plug Power has provided GenKey hydrogen and fuel cells since 2010 for Walmart’s material handling fleet. […] The post Plug Power Expands eCommerce Use of Hydrogen and Fuel Cells at Walmart appeared first on The Truth About Cars.
Tags: Ecommerce, Technology, Global, Walmart, Green, Autos, Hydrogen, Alternative Energy, Fuel Cells, Plug Power, News Blog, Fleets, Fast Fueling, Material Handling, North America Plug Power

UK’s Drover raises $26M for to take its car subscription marketplace to Europe

The future of transportation is in a moment of flux, and that continues to provide opportunities for startups to build solutions provide new ways for us to get from A to B. In the latest development, a startup out of the UK called Drover that provides access to flexible car subscriptions for private users — longer than a typical rental, shorter than a lease or purchase, and easy to shorten or extend as needed — is announcing some funding to continue its growth. The company has picked up £20.5 mi...
Tags: Startups, TC, Transportation, Ecommerce, Europe, UK, France, Softbank, Cars, US, Tech, Automotive, FELIX, Drover, Target Global, AutoTech Ventures

Vroom targets nearly $2B valuation in impending IPO

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Used-car marketplace Vroom continued its march towards going public yesterday with the release of an updated IPO filing. The documents it filed provides pricing information for a somewhat odd public offering. As a business, the heavily venture-backed Vroom is immature. It generates very little gross profit from its revenue (implying that it is unable to price its services attrac...
Tags: Fundings & Exits, Startups, TC, Ecommerce, Ipo, E-commerce, Automotive, Initial Public Offering, Vroom, Market Analysis, The Exchange, Extra Crunch, Coronavirus, COVID-19

Popping the hood on Vroom’s IPO filing

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Yesterday afternoon, Vroom, an online car buying service, filed to go public. Based on its SEC filing, Vroom is a highly-successful private company in fundraising terms that has attracted over $700 million during its life as a startup. T. Rowe Price, AutoNation, Durable Capital Partners, General Catalyst and other investors fueled the firm during its youth according to Crunchbas...
Tags: Fundings & Exits, Startups, TC, Transportation, Ecommerce, Tech, E-commerce, Companies, Automotive, United States, Venture Capital, AutoNation, SEC, General Electric, General Catalyst, Unicorn

In the wake of COVID-19, UK puts up £20M in grants to develop resilience tech for critical industries

Most of the world — despite the canaries in the coal mine — was unprepared to cope with the coronavirus outbreak that’s now besieging us. Now, work is starting to get underway both to help manage what is going on now and better prepare us in the future. In the latest development, the UK government today announced that it will issue £20 million ($24.5 million) in grants of up to £50,000 each to startups and other businesses that are developing tools to improve resilience for critical industries —...
Tags: Food, TC, Cloud, Ecommerce, Europe, UK, Enterprise, Education, Entertainment, Government, Collaborative Consumption, Funding, Tech, Policy, Automotive, Biotech

In the wake of COVID-19, UK puts up £20M in grants to develop resilient tech for critical industries

Most of the world — despite the canaries in the coal mine — was unprepared to cope with the coronavirus outbreak that’s now besieging us. Now, work is starting to get underway both to help manage what is going on now and better prepare us in the future. In the latest development, the UK government today announced that it will issue £20 million ($24.5 million) in grants of up to £50,000 each to startups and other businesses that are developing tools to improve resilience for critical industries —...
Tags: Food, Startups, TC, Cloud, Ecommerce, Europe, UK, Enterprise, Education, Entertainment, Government, Collaborative Consumption, Funding, Policy, Automotive, Biotech

Porsche pilots online vehicle sales in the US and Germany

Porsche will begin selling its vehicles online in the U.S. for the first time, the company announced on Monday. To begin with, the company is proceeding with a pilot program that will be offered with 25 of its U.S.-based dealer partners, but the automaker says it could expand to cover the U.S. market more broadly across a larger group of the 191 independent Porsche dealers that currently operate in the U.S. The pilot project will let Porsche buyers pick out and submit an order for both new an...
Tags: TC, Transportation, Ecommerce, Germany, Cars, US, Tech, Tesla, Automotive, United States, Porsche, Transport, Automotive Industry, Mobility, Volkswagen Group, Germany Porsche

The savage genius of SoftBank funding competitors

Venture capitalists aren’t supposed to make their portfolio companies battle to the death. There’s a long-standing but unofficial rule that investors shouldn’t fund multiple competitors in the same space. Conflicts of interest could arise, information about one startup’s strategy could be improperly shared with the other, and the companies could become suspicious of advice provided by their investors. That leads to problems down the line for VCs, as founders may avoid them if they fear the firm ...
Tags: Travel, Food, Fundings & Exits, Startups, TC, Ecommerce, Uber, Opinion, Collaborative Consumption, Softbank, Funding, Artificial Intelligence, Automotive, Venture Capital, M&a, Logistics

Drivezy, India’s vehicle sharing startup, is raising $100M+ at a $400M valuation, eyes US expansion

Drivezy — the startup out of India that wants to turn private car usage on its head through a car-sharing network where people lend their cars and two-wheeled vehicles but also have options to use vehicles from a fleet managed by Drivezy — said it is raising more money as it gears up for the next stage of its expansion, including a launch in the US in coming weeks. The company is in the process of raising $100 million in equity funding, plus another $400 million in asset financing, with the l...
Tags: Google, TC, Ecommerce, Asia, Japan, China, Southeast Asia, Singapore, Collaborative Consumption, India, Funding, Cars, US, Tech, Automotive, Silicon Valley

Tesla u-turns on store strategy, will keep half of showrooms open… and hike prices by 3%

It wouldn’t be Tesla if it didn’t keep us guessing a little… Electric car company Tesla announced that it is making a u-turn of sorts with its sales strategy. After saying at the end of February that it would close down nearly all of its 200-odd retail stores to sell its cars online-only in an effort to bring down the costs of vehicles, today Tesla announced that it would, in fact, keep an expanded number of showrooms open, reducing the closures to around half of the total number it has today. I...
Tags: TC, Transportation, Ecommerce, Tech, Tesla, Automotive, Electric

BeliMobilGue raises $10M for its used-car sales platform in Indonesia

BeliMobilGue, a used car sales platform in Indonesia, has fueled up with a $10 million Series round for the race to dominate the automotive market in Southeast Asia’s largest economy. The company was started in 2017 as a joint venture between Europe’s Frontier Car Group (FCG) and Intudo Ventures, a VC firm focused on Indonesia. BeliMobilGue said today that the capital came from FCG and new investors, which include Tunas Toyota — the authorized dealership for Toyota cars in Indonesia. It’s ...
Tags: Google, Startups, Ecommerce, Asia, Europe, Balderton Capital, Indonesia, Finance, Southeast Asia, Africa, Companies, Automotive, Toyota, Java, Latin America, Partech Ventures

Riding the RV revolution, Outdoorsy fuels up with $50 million in fresh funding

Outdoorsy is building for the road ahead. The three-year-old company, which connects customers with underused RVs and other trucks big enough to camp in overnight, just raised $50 million in Series C funding led by Greenspring Associates, with participation from earlier backers Aviva Ventures, Altos Ventures, AutoTech Ventures and Tandem Capital. That puts its total funding, in less than year’s time, at $75 million. (We’d separately reported on its $25 million Series B round last February. It...
Tags: TC, Transportation, Ecommerce, Europe, Yosemite, Australia, Tech, Austin, Automotive, New Zealand, Venture Capital, Aviva, Bay Area, Greenspring Associates, Cavin, Altos Ventures

The Future Of Mobility Is Data, Not Cars

Having worked in and with the automotive industry for around 25 years, the challenges that OEMs face given their size and structures often inhibit the business agility needed to provide lasting customer value in an age of digital disruption. The focus has always been more skewed toward the product experience and product features and defining […]
Tags: Ecommerce, Digital Transformation, Customer Experience, Automotive, Brand Experience, Digital Business, Promoted, Consumer Mobility, Customer Experience Ecosystem, data management platforms (DMPs, Mobile Application Platforms

Meet the speakers at The Europas, and get your ticket free (July 3, London)

Excited to announce that this year’s The Europas Unconference & Awards is shaping up! Our half day Unconference kicks off on 3 July, 2018 at The Brewery in the heart of London’s “Tech City” area, followed by our startup awards dinner and fantastic party and celebration of European startups! The event is run in partnership with TechCrunch, the official media partner. Attendees, nominees and winners will get deep discounts to TechCrunch Disrupt in Berlin, later this year. The Europas Awards are ba...
Tags: Health, Social, Food, Fundings & Exits, Startups, TC, Gadgets, Mobile, Gaming, Cloud, Ecommerce, Apps, Asia, Accelerator, Europe, London

Southeast Asia’s Carro raises $60M for its automotive classifieds and car financing service

Carro, an automotive classifieds service and car financing startup based in Singapore, has closed a $60 million Series B round to scale its business in Southeast Asia. The deal was co-led by SoftBank Ventures Korea, Insignia Ventures — the firm from ex-Sequoia Asia partner Yinglan Tan — and Facebook co-founder Eduardo Saverin’s B Capital Group. Other participants include IDG Ventures India founder Manika Arora (via his family fund) and existing Carro backers Venturra, Singtel Innov8, Golden G...
Tags: Fundings & Exits, Facebook, Ecommerce, Asia, Japan, Indonesia, Southeast Asia, Singapore, Tech, E-commerce, Economy, Thailand, Automotive, Rocket Internet, Carousell, Latin America

Alibaba Robotic car vending machine is 5 stories tall

Chinese e-commerce giant Alibaba Group and US carmaker Ford have unveiled an unstaffed car vending machine that is 5 stories tall in China’s southern city Guangzhou. The machine stands about... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Tags: Gadgets, Ecommerce, Technology, Internet, China, Future, Cars, US, World, Artificial Intelligence, Ford, Innovation, Alibaba, Alibaba Group, Robotics, Guangzhou

Carsome raises $19M for its used-car sales platform in Southeast Asia

 Funding for Southeast Asia’s car trading platforms is like buses. After a long wait without news, a third startup has raised funding in the space of a month. Carsome, a Malaysia-based company that also operates in Singapore, Indonesia and Thailand, announced today it has raised a $19 million Series B round just weeks after smaller rivals BeliMobilGue and Rocket Internet’s Carmudi… Read More
Tags: Fundings & Exits, Ecommerce, Asia, Business, Entrepreneurship, Southeast Asia, Tech, Economy, Thailand, Automotive, Malaysia, Private Equity, Rocket Internet, Startup Company, Singapore Indonesia, Carsome

Ford partners with Postmates on self-driving delivery pilot

 Ford has a new partner for its autonomous vehicle program: Postmates. The on-demand delivery service provider is working with the automaker through its self-driving vehicle platform, in a similar way to existing partner Domino’s Pizza. Postmates is the first on-demand delivery app to work with Ford in this capacity, and will test with the platform this year, including in a pilot in a… Read More
Tags: TC, Transportation, Ecommerce, Tech, Automotive, Ford, Automation, Transport, Automotive Industry, Robotics, Postmates, Emerging-technologies, Autonomous Car, Domino's Pizza

IBM led on patents in 2017, Facebook broke into top 50 for the first time

 Patents may sometimes get a bad rap for how they are abused (and misused) by some companies for commercial gain, but they also remain a marker of how a tech company is progressing with its R&D and pushing ahead on innovation. For one measure of that advance, today, IFI Claims, the patent analytics firm, published its 2017 list of companies with the most U.S. patents assigned for the year.… Read More
Tags: TC, Facebook, Ecommerce, Science, Enterprise, Tech, Artificial Intelligence, Automotive, Patents, Ibm, Robotics, IFI

Study: Independent Automotive Service Shops Need Access to Extensive Auto Parts Inventory

Across the spectrum of autonomous vehicles, vehicles designated for ride sharing and car sharing, and vehicles for personal and business use, one of the most common ownership responsibilities is vehicle maintenance and repair. Most vehicle owners do not look forward to these services, viewing them as an inconvenience or lost time. Any delay at the shop while a vehicle is getting serviced only adds to the inconvenience or lost revenue if the vehicle is used for business purposes. For the shop own...
Tags: Amazon, Ecommerce, Autos, Costco, Industry News, Openbay, Auto Repair Shop, Auto Parts, Auto Repair Advice, Walmart Jet, Mechanics Advice, Auto Repair Shop Management Software, Auto Repair Shop Solution, Marketing Strategies For Auto Repair Shops, Independent Automotive Service, Automotive Parts Supply Channels

General Motors Marketplace lets you order coffee from your dashboard

General Motors Marketplace allows drivers to order food, find a nearby gas station, or schedule their next oil change by tapping a dashboard touchscreen. GM thinks it will let drivers make more productive use of their time. The post General Motors Marketplace lets you order coffee from your dashboard appeared first on Digital Trends.
Tags: Ecommerce, Marketplace, Cars, Trends, General Motors, Gm, General Motors Marketplace

GM launches Marketplace for in-car shopping and reservations

 GM is making it possible to shop right from your vehicle’s infotainment system, while on the go. The carmaker is pushing out an update for model year 2017 and later vehicles, which will go out to all cars even if the owner doesn’t have a paid in-car Wi-Fi data subscription, that adds ‘Marketplace,’ a new kind of commerce platform. Marketplace is already rolling out… Read More
Tags: Travel, TC, Transportation, Ecommerce, Marketplace, Automotive, Transport, Gm, Distracted Driving, Automotive Industry, Chevrolet, Connected Car

AR helmet startup Skully may have risen from the dead

 It seems Skully, the AR helmet company that crashed and burned in July of 2016 after the former CEO Marcus Weller refused to sign a confidentiality deal with investors is trying to make a comeback. A letter sent to those who had previously subscribed to the Skully email list, and obtained by TechCrunch, says new company SKULLY Technologies is bringing back the helmet. Interestingly, cousins… Read More
Tags: Startups, TC, Ecommerce, Drama, Tech, Automotive, TechCrunch, Skully, Marcus Weller, SKULLY Technologies

Get Ready For The Self-Driving Economy

Autonomous transportation. If you’re reading this, you have an internet connection, so you’ve heard all about how autonomous vehicles (AVs) are coming to take our jobs, eliminate traffic and give machines the power to make moral choices. This technology is exciting, hence all the media hype – but what does it really mean for your […]
Tags: Ecommerce, Automotive, Tech Market Outlook, Tech Sector Economics, Transportation & Logistics

Read Mary Meeker’s essential 2017 Internet Trends report

 This is the best way to get up to speed on everything going on in tech. Kleiner Perkins venture partner Mary Meeker’s annual Internet Trends report is essentially the state of the union for the technology industry. The widely anticipated slide deck compiles the most informative research on what’s getting funded, how Internet adoption is progressing, which interfaces are resonating,… Read More
Tags: Social, Fundings & Exits, Startups, TC, Mobile, Ecommerce, Apps, Wearables, Hardware, Enterprise, Media, Advertising Tech, Finance, Tech, Automotive, Venture Capital

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