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Posts filtered by tags: SoftBank Vision Fund[x]


 

GM Cruise raises $1.15B at a $19B valuation from Softbank and Honda

GM Cruise has raised another $1.15 billion in new equity from a group of investors that includes T. Rowe Price Associates, Honda, Softbank Vision Fund and its parent company GM as the self-driving vehicle company pushes to launch a commercial autonomous ride-hailing service this year. This investment increases Cruise’s post-money valuation to $19 billion, inclusive of SoftBank’s previously announced investment commitment. Cruise has secured capital commitments totaling $7.25 billion in the pa...
Tags: Startups, Transportation, Softbank, San Francisco, Cruise, Automotive, Gm, Dropbox, Honda, Seattle, General-motors, Brannan Street, Dan Ammann, Kyle Vogt, Bryant Street, Ammann


Uber’s self-driving car unit raises $1B from Toyota, Denso and Vision Fund ahead of spin-out

Uber’s has confirmed it will spin out its self-driving car business after the unit closed $1 billion in funding from Toyota, auto-parts maker Denso and SoftBank’s Vision Fund. The development has been speculated for some time — as far back as October — and it serves to both remove a deeply-unprofitable unit from the main Uber business: helping Uber scale back some of its losses, while giving Uber’s Advanced Technologies Group (known as Uber ATG) more freedom to focus on the tough challenge of br...
Tags: Uber, Japan, Ipo, Softbank, Tech, Automotive, Toyota, ATG, DENSO, Dara Khosrowshahi, SoftBank Vision Fund, Vision Fund, Uber s Advanced Technologies Group, Uber ATG, Shigeki Tomoyama, Toyota Group


Nuro CEO Dave Ferguson at TC Sessions: Mobility on July 10 in San Jose

Autonomous delivery startup Nuro, fresh with nearly $1 billion in capital from SoftBank, is bursting with ideas — as some recent patent filings (and our recent deep dive into the company) suggest. And we can’t wait to learn more about what Nuro has planned. It’s only fitting that Nuro co-founder and CEO Dave Ferguson is our first announced guest for TechCrunch’s inaugural TC Sessions: Mobility, a one-day event on July 10, 2019 in San Jose, Calif., that’s centered around the future of mob...
Tags: Google, Transportation, Mississippi, California, China, Softbank, Events, Tech, Intel, Engineer, Automotive, Electric Vehicles, Darpa, Machine Learning, Ferguson, San Jose


Transportation weekly: Nuro dreams of autonomous lattes, what is a metamaterial, Volvo takes the wheel

Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. We love the reader feedback. Keep it coming. Never heard of TechCrunch’s Transportation Weekly? Read the first edition here.  As I’ve written before, consider this a soft launch. Follow me on Twitter @kirstenkorosec to ensure you see it each week. An email subscription is coming! This week, we’re shoving as much transportation news, tidbits and insights in here as possible in ho...
Tags: Transportation, Lyft, Uber, Elon Musk, Florida, Wtf, New York, Indonesia, California, Boston, Singapore, Softbank, US, San Francisco, Tech, Earnest


How Nuro plans to spend Softbank’s $940 million

Autonomous delivery startup Nuro is bursting with ideas since SoftBank invested nearly $1 billion in February, new filings reveal. A recent patent application details how its R1 self-driving vehicle could carry smaller robots to cross lawns or climb stairs to drop off packages. The company has even taken the step of trademarking the name “Fido” for delivery services. “We think there’s something neat about that name,” Nuro founder Dave Ferguson told TechCrunch. “It’s friendly, neigh...
Tags: Google, Amazon, Transportation, Lyft, Uber, Texas, California, China, Softbank, Tech, E-commerce, Ces, Cruise, Automotive, Automation, Arizona


Transportation Weekly: Uber’s spending habits, Tesla Model Y, scooters and AVs in Austin

Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. We love the reader feedback. Keep it coming. Never heard of TechCrunch’s Transportation Weekly? Catch up by reading the first edition here or check out , which offered the gamut of mobility news from Lyft and Bird to Waymo’s laser bears and cybersecurity. As I’ve written before, consider this a soft launch. Follow me on Twitter @kirstenkorosec to ensure you see it each week. An...
Tags: Transportation, Lyft, Uber, Washington, Softbank, Israel, Los Angeles, San Francisco, Tech, Tesla, Bloomberg, E-commerce, AV, Artificial Intelligence, Austin, Automotive


Transportation Weekly: Tesla astroturfs, Softbank flexes, BMW and Daimler hookup, What is a Jelbi?

Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. This is the third edition of our tome, I mean newsletter, and this week let’s settle in for a mind meld on why logistics is the new Hansel, a curious Tesla subsidiary, and discover a new mobility species called the Jelbi. Never heard of TechCrunch’s Transportation Weekly? Catch up here and here. As I’ve written before, consider this a soft launch. Follow me on Twitter @kirstenkoros...
Tags: Apple, Google, Amazon, Transportation, Asia, Elon Musk, Berlin, Softbank, Los Angeles, San Francisco, Tech, Tesla, Canada, Automotive, Geneva, Bmw


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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