Autos


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Daily Crunch: SoftBank bets big on autonomous delivery

The Daily Crunch is TechCrunch’s roundup of our biggest and most important stories. If you’d like to get this delivered to your inbox every day at around 9am Pacific, you can subscribe here: 1. SoftBank’s next bet: $940M into autonomous delivery startup Nuro Nuro has raised $940 million in financing from the SoftBank Vision Fund, a whopping amount that will be used to expand its delivery service, add new partners, hire employees and scale up its fleet of self-driving bots. The autonomous ...
Tags: Apple, Amazon, Spotify, Saudi Arabia, Softbank, Tech, Getty Images, Netflix, Automotive, Va, Health Records, Jeff Bezos, Sunday Times, Equity, Instacart, Mobile World Congress


Softbank’s next bet: $940M into autonomous delivery startup Nuro

Nuro, the autonomous delivery startup, has raised $940 million in financing from the Softbank Vision Fund, a whopping amount that will be used to expand its delivery service, add new partners, hire employees and scale up its fleet of self-driving bots. Nuro has raised more than $1 billion from partners including SoftBank, Greylock Partners and Gaorong Capital. “We’ve spent the last two and a half years building an amazing team, launching our first unmanned service, working with incredible ...
Tags: Transportation, Softbank, Tech, Automotive, Arizona, Toyota, Self-driving Cars, Robotics, Greylock Partners, Kroger, Phoenix, Starship Technologies, Ike, Dave Ferguson, SoftBank Vision Fund, SoftBank Investment Advisers


Uber partner Fair gets $385M led by Softbank to grow its flexible car ownership model globally

California startup Fair.com is aiming to turn the car market on its head by providing price-friendly, easy options for people to lease vehicles instead of buying them, and today it’s taking the latest, big step in that ambition. Fair has raised a huge Series B funding round of $385 million led by Softbank, with participation from Exponential Ventures, Munich Re Venture’s ERGO Fund, G Squared, and CreditEase,  to take its business global. Requiring just a drivers license and a credit card (or...
Tags: TC, Transportation, Uber, California, China, Germany, Collaborative Consumption, India, Softbank, Funding, Cars, US, Tech, Automotive, Venture Capital, Getaround


With today’s IPO sinking, a year of highs and lows for SoftBank

If there was a word that dominated startup and tech news coverage this year, it was SoftBank. The Japanese telecom conglomerate’s Vision Fund pushed out a prodigious amount of capital this year — quite literally billions of dollars — into companies as diverse as a molecular manufacturer (Zymergen) and a robotic pizza delivery business (Zume Pizza). It was a year of highs as its Flipkart transaction produced billions in returns, as well as a year of incredible lows, what with the crisis over Saud...
Tags: Apple, Amazon, TC, Uber, Asia, Japan, London, Hardware, Saudi Arabia, Finance, Government, Kingdom, Softbank, Tech, Walmart, Bloomberg


SoftBank Vision Fund To Invest Over 2 Billion In GM Cruise

The SoftBank Vision Fund will invest $2.25 billion in GM Cruise Holdings LLC, a move aimed at strengthening the company’s plans to commercialize and scale autonomous vehicle technology. General Motors will also invest $1.1 billion in GM Cruise upon closing of the SoftBank Vision Fund transaction. “Our Cruise and GM teams together have made tremendous progress over the last two years,” explained GM Chairman and CEO Mary Barra. “Teaming up with SoftBank adds an additional strong partner as we purs...
Tags: Softbank, General Motors, Mary Barra, Gm, Autos, Department Of Transportation, Detroit Michigan, Dan Ammann, Ronen, Car News, Future Of Transportation, GM Cruise, Steve Fecht, SoftBank Vision Fund, Vision Fund, SoftBank Investment Advisers


Why SoftBank invested $2.25 billion in Cruise

Earlier today, General Motors’ Cruise received a $2.25 billion investment from SoftBank’s Vision Fund. Once that deal closes, GM will invest another $1.1 billion. SoftBank landed on Cruise because it’s one of “a handful that in our view have a meaningful opportunity in front of them,” SoftBank Vision Fund Managing Partner Michael Ronen told TechCrunch. Cruise’s integrated play of hardware and software attracted SoftBank, Ronen said, as well as the fact that Cruise’s spirit, creativity and ene...
Tags: Transportation, Softbank, Funding, Tech, General Motors, Cruise, Automotive, Gm, Tokyo, Cto, SoftBank Group Corp, Masayoshi Son, Dan Ammann, Vogt, Ronen, Tomohiro Ohsumi Getty


Softbank invests €460M in Germany’s Auto1 car dealer platform

 Softbank’s Vision Fund has made another investment: The Japanese conglomerate has agreed to invest €460M in Berlin-based online car dealer Auto1. Read More
Tags: Fundings & Exits, TC, Europe, Germany, Berlin, Softbank, Tech, Automotive, SoftBank Group, Car Dealership, SoftBank Vision Fund, Auto1 Group



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