Autos


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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


Investors Clara Brenner, Quin Garcia and Rachel Holt are coming to TC Sessions: Mobility 2021

The transportation industry is abuzz with upstarts, legacy automakers, suppliers and tech companies working on automated vehicle technology, digital platforms, electrification and robotics. Then there are shared mobility companies from cars to scooters and mopeds to ebikes. And who can forget the emerging air taxi companies? At the center of this evolving industry are the investors. Simply put: TechCrunch can’t hold an event on mobility without hearing from the people who are hunting for the bes...
Tags: TC, Transportation, Lyft, Uber, Business, Japan, Entrepreneurship, China, Israel, Articles, Events, Supply Chain, Tech, Economy, Canada, Automotive


The father-son billionaires behind online used-car seller Carvana saw their fortunes soar $5 billion in a day as the company projects record profits

Ernest Garcia III is the CEO of Carvana. Brendan McDermid/Reuters Ernie Garcia II and Ernest Garcia III, the father-son team behind online used-vehicle sales platform Carvana, saw $5 billion added to their net worths on Tuesday as the company posted record profits. The coronavirus pandemic put used cars in high demand as Americans seek to avoid public transit, Piper Sandler analyst Alexander Potter wrote Tuesday, per Bloomberg. The trend helped Carvana shares rise nearly 140% from the star...
Tags: Transportation, Life, Cars, US, Trends, Bloomberg, Billionaires, Used Cars, Billionaire, Garcia, Garcias, Arts & Culture, Carvana, Alexander Potter, Ernie Garcia, Piper Sandler


Sara Garcia Seeks to be First Woman to Finish Dakar in Toughest Class

Breaking Barriers, Kicking Butt Sara Garcia is a Spanish rider competing in the Dakar 2019. She’s one tough lady and hopes to become the first woman to finish the race in the Original by Motul class, which used to be called the Malle Moto. The Original by Motul class is the toughest in the competition. Riders must race without assistance. That means Garcia will have to do everything. Set up her tent, do maintenance on the bike, etc. The Dakar is a grueling race even with a support team. So anyo...
Tags: Facebook, Motorcycles, Yamaha, Dakar, Garcia, Motorcycle News, Motul, Sara Garcia, Yamaha WR450F, Dakar 2019, Rally Spain TT, Teo Martín Motorsport Institute, Alcorcón Spain


Steve McQueen's long missing 'Bullitt' Mustang found

One of the two Ford Mustang automobiles used in the filming of the Steve McQueen classic 'Bullitt' has been found. Long missing, the green pony car was found wasting away in a Baja, Mexico junkyard. https://youtu.be/31JgMAHVeg0 The car is now being restored. Via the LA Times: Paramount-based body shop owner Ralph Garcia Jr., who has made a career building replicas of the “Eleanor” Mustang featured in the Nicolas Cage movie “Gone in 60 Seconds,” said he was contacted by an associate in Mex...
Tags: Post, Family, News, Mexico, Cars, Speed, Ford Mustang, Ford, Steve McQueen, Paramount, Mustang, Nicolas Cage, Eleanor, Garcia, Sánchez, LA Times


“Lost” Bullitt Mustang surfaces in Mexico

Ralph Garcia (in the car-themed shirt) and Kevin Marti pose with the Bullitt Mustang stunt car. Photos courtesy Kevin Marti. Steve McQueen may have received top billing for the 1968 crime thriller Bullitt, but the movie really starred a pair of Mustang GT fastbacks, one built as a hero car for close-ups and the other constructed as a stunt car. While the history of the surviving Bullitt Mustang hero car is well known, the stunt car was long believed to have been scrapped, at least until it sur...
Tags: Hollywood, California, Mexico, San Francisco, Ford, Autos, Fox News, Mustang, Warner Brothers, Ross, Mcqueen, Baja California, Ford Motor Company, Garcia, Kevin, Mustangs



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