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Posts filtered by tags: Venture Capital[x]


 

Highlights from Berkeley SkyDeck’s virtual demo day

With 17 startups participating, Berkeley SkyDeck’s Demo Day isn’t the largest cohort we’ve seen by any stretch. The collection of companies is, however, defined by a wide range of focuses, from pioneering diabetes treatments to retrofitting autonomous trucking, curated by the SkyDeck’s small team and a number of advisors. Founded in 2012, the accelerator is focused on developing early-stage companies tied to the University of California system. Applicants must be affiliated with either one of th...
Tags: Startups, Hardware, Funding, Tech, Automotive, Venture Capital, Biotech, Robotics, Berkeley, University Of California, Los Alamos, Uc-berkeley, Skydeck, Kiwi, Ontario, UCSF


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


Woven Capital kicks off portfolio with investment in autonomous delivery company Nuro

Woven Capital, the investment arm of Toyota’s innovation-focused subsidiary Woven Planet, has announced an investment into Silicon Valley-based autonomous delivery vehicle company Nuro. This kicks off the new $800 million strategic fund, which will invest in growth-stage technology companies that could one day develop into partners or acquisitions to further a mission of building the future of safe mobility, according to George Kellerman, Woven Capital’s head of investments and acquisitions.   ...
Tags: Startups, Transportation, Smart City, California, Tech, Investment, Walmart, Automotive, Venture Capital, Silicon Valley, Toyota, Smart Cities, Cvs, Baillie Gifford, Department of Motor Vehicles, Mount Fuji


The Station: Uber’s new battles in the UK, Lucid Motors’ second life plans and Cruise acquires Voyage

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hi friends and new readers, welcome to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. Before I forget, scroll all the way down to the bottom of the newsletter, if you’re interested in attending our upcoming early-stage conference. I have a gift for you. Um, there is ...
Tags: Amazon, Startups, Transportation, Uber, Europe, Florida, UK, New York, Supreme Court, Microsoft, California, La, Ipo, Germany, Los Angeles, San Francisco


MaaS transit: The business of mobility as a service

In 2019, St. Louis Metro Transit was struggling to keep customers. Uber and Lyft, along with dockless shared bikes and scooters, had flooded streets, causing ridership to fall more than 7% in a single year. The agency didn’t try to fight for attention. Instead, it embraced its competitors. Metro Transit dropped its internal trip-planning app, which had been developed with the Trapeze Group and directed riders to Transit, a private third-party app that offers mapping and real-time transit data in...
Tags: Startups, Transportation, Uber, San Francisco, Tech, Transit, Automotive, SaaS, Venture Capital, San Diego, Bmw, Moovit, Public Transportation, Expedia, Metro Transit, Chicago New York


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


From electric charging to supply chain management, InMotion Ventures preps Jaguar for a sustainable future

Since InMotion Ventures, the independent investment and incubation initiative set up by Jaguar Land Rover, launched in 2016 the firm has focused on backing companies across the mobility space broadly. Its 15 active investments run the gamut from autonomous vehicles, to car insurance tech, to ride-sharing, and travel planning, but increasingly the firm is focusing its efforts on vehicle electrification and sustainable supply chains. As the mobility market moves to embrace electrification...
Tags: Startups, TC, Transportation, Electric Vehicle, Tech, Automotive, Venture Capital, Jaguar, Jaguar Land Rover, Peck, InMotion Ventures, Sebastian Peck, EC Mobility Hardware, Circulor, Sebastian Peck Circulor


From the ashes of nearly a billion dollars, Ample resurrects Better Place’s battery swapping business model

A little over thirteen years ago, Shai Agassi, a promising software executive who was in line to succeed the chief executive at SAP, then one of the world’s mightiest software companies, left the company he’d devoted the bulk of his professional career to and started a business called Better Place. That startup promised to revolutionize the nascent electric vehicle market and make range anxiety a thing of the past. The company’s pitch? A network of automated battery swapping stations that would ...
Tags: Energy, TC, Electric Vehicle, Uber, Japan, Time, Cars, Tech, Electric Vehicles, Transport, Venture Capital, Nissan, Charging Station, Sap, Renault, Bay Area


EC roundup: BNPL startups, growth marketing tips, solid state battery market map, more

When I needed a new sofa several months ago, I was pleased to find a buy now, pay later (BNPL) option during the checkout process. I had prepared myself to make a major financial outlay, but the service fees were well worth the convenience of deferring the entire payment. Coincidentally, I was siting on said sofa this morning and considering that transaction when Alex Wilhelm submitted a column that compared recent earnings for three BNPL providers: Afterpay, Affirm and Klarna. I asked him why h...
Tags: Startups, Transportation, Cloud, Enterprise, Microsoft, Labor, Finance, Linkedin, Tech, Amanda Milligan, Fractl, Diversity, Automotive, SaaS, Venture Capital, Private Equity


Extra Crunch roundup: 2 VC surveys, Tesla’s melt up, The Roblox Gambit, more

This has been quite a week. Instead of walking backward through the last few days of chaos and uncertainty, here are three good things that happened: Google employee Sara Robinson combined her interest in machine learning and baking to create AI-generated hybrid treats. A breakthrough could make water desalination 30%-40% more effective. Bianca Smith will become the first Black woman to coach a professional baseball team. Despite many distractions in our first full week of the new year, we pub...
Tags: Google, Security, Startups, TC, Gaming, Enterprise, Congress, Israel, Disney, US, Tech, Tesla, Bloomberg, Artificial Intelligence, Netflix, Automotive


AutoLeap says it will repair your lousy relationship with car shops

No one likes having to go the automotive repair shop. There’s little transparency into what happens after a car is dropped off, invoices are often little more than a series of illegible bullet points, and the experience often feels chaotic. AutoLeap, a six-month-old, Toronto-based startup that quietly raised $5 million in seed funding in September, thinks its team can figure out how to repair that broken experience by bringing car repair shops into the 21st century at long last. Its big idea is ...
Tags: Startups, TC, Stanford, Boston, Toronto, Tech, General Motors, Automotive, Venture Capital, Las Vegas, Seattle, University of Toronto, Daimler, Global Founders Capital, Shift, Seed Funding


Scale AI hits $3.5B valuation as its turns the AI boom into a venture bonanza

Scale AI, the four-year-old data labeling startup, has discovered that selling the picks and shovels needed to develop and apply artificial intelligence is big business. The company, which created a visual data labeling platform that uses software and people to label image, text, voice and video data for companies building machine learning algorithms, has raised another $155 million. The funding round, led by Tiger Global, pushes Scale’s post-money valuation to more than $3.5 billion.  Import...
Tags: Startups, Transportation, Tech, General Motors, Automotive, Venture Capital, Nvidia, Toyota, Wang, Nuro, Alexandr Wang, Scale AI, TechCrunch Scale


Scale AI hits $3.5B valuation as it turns the AI boom into a venture bonanza

Scale AI, the four-year-old data labeling startup, has discovered that selling the picks and shovels needed to develop and apply artificial intelligence is big business. The company, which created a visual data labeling platform that uses software and people to label image, text, voice and video data for companies building machine learning algorithms, has raised another $155 million. The funding round, led by Tiger Global, pushes Scale’s post-money valuation to more than $3.5 billion.  Import...
Tags: Startups, Transportation, Tech, General Motors, Automotive, Venture Capital, Nvidia, Toyota, Wang, Nuro, Alexandr Wang, Scale AI, TechCrunch Scale


This former Tesla CIO just raised $150 million more to pull car dealers into the 21st century

“I have to choose my words carefully,” says Joe Castelino of Stevens Creek Volkswagen in San Jose, California, when asked about the software on which most car dealerships rely for inventory information, to manage marketing, to handle customer relationships and to otherwise help sell cars. Castelino, the dealership’s service director, laughs as he says this. But the joke has apparently been on car dealers, most of whom have largely relied on a few frustratingly antiquated vendors for their dealer...
Tags: Startups, TC, Elon Musk, California, Tech, Tesla, Automotive, Ferrari, SaaS, Venture Capital, San Jose, Volkswagen, Index Ventures, Fiat Chrysler, Advent, Advent International


The Station: Winners and losers in Paris, Rivian sets a delivery date, Waymo and FCA deepen ties

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox.  Hello and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. It’s that whacky time of year when the heavens open and earnings fall from the sky, giving us precious insight into publicly traded companies. Over at TechCrunch we closely follow startups; we ...
Tags: Google, Amazon, Transportation, Facebook, Hong Kong, Europe, Florida, Texas, London, China, Berlin, Israel, Los Angeles, Tech, General Motors, Tesla


Where these 4 top VCs are investing in manufacturing

Even though it’s a vast sector in the midst of transformation, manufacturing is often overlooked by early-stage investors. We surveyed top VCs in the industry to gather their perspectives on the challenges and opportunities facing manufacturing. Traditionally, manufacturing companies are capital-intensive and can be slow to implement new technology and processes. The investors in the survey below acknowledge the long-standing barriers facing founders in this space, yet they see large opportuniti...
Tags: Startups, TC, Science, Hardware, Tech, Remote Work, Automotive, Venture Capital, Manufacturing, Robotics, Eclipse Ventures, Dayna Grayson, Lior Susan, 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


7 top mobility VCs discuss COVID-19 strategies and trends

As COVID-19 swept across the globe, no sector lay untouched, but perhaps no industry was more disrupted than transportation. Airlines slashed routes, public transit use plummeted, ridership on Uber, Lyft and other ride-hailing platforms dropped and shared scooter companies pulled products from city streets. Meanwhile, e-bike sales bloomed and on-demand delivery, including services using autonomous robots, exploded. Transportation companies have been forced to adapt — quickly — to this new rea...
Tags: Startups, TC, Transportation, Lyft, Uber, Tech, Automotive, Scooters, Electric Vehicles, Venture Capital, Mobility, Autonomous Vehicles, Airlines, Lux Capital, Extra Crunch, Trucks VC


Former Tesla president and Lyft COO Jon McNeill on what both companies have gotten right and wrong

We recently interviewed Jon McNeill to learn more about his newest project, a startup studio called DeltaV Ventures. But we also wanted to hear about what it’s like to work inside of Tesla and Lyft. McNeill spent two-and-a-half years as the carmaker’s president, heading up global sales, marketing, delivery and government relations before heading to Lyft in early 2018, where he served as COO for 18 months. (He left four months after the ride-hail company’s IPO last year.) He shared his take on...
Tags: Startups, TC, Transportation, Lyft, Uber, Elon Musk, Supply Chain, Tech, Tesla, Automotive, Venture Capital, Market Analysis, Jon McNeill, The Boring Company, Lyft COO Jon McNeill, Extra Crunch


The Station: Bird and Lime layoffs, pivots in a COVID-19 era and a $2.2 trillion deal

Hello folks, welcome back (or hi for the first time) to The Station, a weekly newsletter dedicated to the all the ways people and packages move around this world. I’m your host, Kirsten Korosec, senior transportation reporter at TechCrunch. I also have started to publish a shorter version of the newsletter on TechCrunch . That’s what you’re reading now. For the whole enchilada — which comes out every Saturday — you can subscribe to the newsletter by heading over here, and clicking “The Stat...
Tags: Food, Travis Vanderzanden, Europe, New York, Australia, Washington, China, New York City, Tech, Austin, Munich, Automotive, House Of Representatives, Healthcare, Venture Capital, Tencent


Shrunken unicorn Fair cancels car leasing to Uber drivers

When Fair laid off 40% of its staff in October, CEO Scott Painter promised it wasn’t shuttering leasing services to on-demand fleets. But just one week later, Painter was removed as CEO and replaced in the interim with Adam Hieber, a CFA from Fair investor SoftBank. Today, according to two sources, Fair announced at an all-hands meeting that it would end its Fair Go program that helped Uber drivers lease cars. The program will cease in April. Uber now confirms the news to TechCrunch, and n...
Tags: Startups, TC, Transportation, Uber, Finance, Softbank, Tech, Automotive, Venture Capital, Getaround, TechCrunch, Flexport, Fair, Elliott Management, Scott Painter, xChange


Shrunken unicorn Fair cancels car leasing to Uber drivers, citing high insurance premiums

When Fair laid off 40% of its staff in October, CEO Scott Painter promised it wasn’t shuttering leasing services to on-demand fleets. But just one week later, Painter was removed as CEO and replaced in the interim with Adam Hieber, a CFA from Fair investor SoftBank. Today, according to two sources, Fair announced at an all-hands meeting that it would end its Fair Go program that helped Uber drivers lease cars. The program will cease in April. Uber now confirms the news to TechCrunch, and n...
Tags: Startups, TC, Transportation, Uber, Finance, Softbank, Tech, Automotive, Venture Capital, Getaround, TechCrunch, Flexport, Fair, Elliott Management, Scott Painter, xChange


SoftBank-backed Fair puts the brakes on weekly car rentals for Uber drivers

When Fair laid off 40% of its staff in October, CEO Scott Painter promised it wasn’t shuttering leasing services to on-demand fleets. But just one week later, Painter was removed as CEO and replaced in the interim with Adam Hieber, a CFA from Fair investor SoftBank. Today, according to two sources, Fair announced at an all-hands meeting that it would end its Fair Go program that helped Uber drivers lease cars on short-term deals. The program will cease in April. Uber now confirms the news ...
Tags: Startups, TC, Transportation, Uber, Finance, Softbank, Tech, Automotive, Venture Capital, Getaround, TechCrunch, Flexport, Fair, Elliott Management, Scott Painter, xChange


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


The Exit: Getaround’s $300M roadtrip

In August of last year, Getaround scored $300 million from Softbank. Eight months later they handed that same amount to Drivy, a Parisian peer-to-peer car rental service that was Getaround’s ticket to tapping into European markets. Both companies shared similar visions for the future of car ownership, they were about the same size, both were flirting with expanding beyond their home market, but only one had the power of the Vision Fund behind it. The Exit is a new series at TechCrunch. It’s a...
Tags: Fundings & Exits, Startups, TC, Transportation, Uber, Europe, Youtube, Softbank, Tech, Automotive, Paris, Venture Capital, Sharing Economy, Airbnb, Getaround, Talent


Uber Completes $8.1B Public Market Debut in Spite of Tumultuous Past

Ride-hailing giant Uber secured $8.1 billion in new capital late Thursday as it priced an initial public offering that set its market capitalization at $82.4 billion, according to calculations by The New York Times and other news outlets.Uber announced late Thursday it will sell 180 million shares of common stock at $45 apiece when it completes the IPO. That price is near the lowest end of the range Uber set at $44 to $50 in the amended prospectus it filed on April 26.Uber (NYSE: UBER) will sta...
Tags: Google, Deals, Transportation, Mobile, Lyft, Uber, Hardware, Marketplace, Workplace, Internet, Entrepreneurship, Ipo, Funding, San Francisco, Trends, Tech


Talk Lyft’s stock market debut with TechCrunch writers

After much anticipation, Lyft stock hit the public markets last week, with a nearly 10% pop on its first day of trading. However, concerns over the company’s lofty valuation, deep losses and uncertain path to profitability have caused the . TechCrunch’s resident transportation expert Kirsten Korosec and venture capital ax Kate Clark have been on the case, closely following the market’s reaction and the evolving theses around Lyft’s business… Today at 11:00 am PT, Kirsten and Kate will ...
Tags: Fundings & Exits, Startups, TC, Transportation, Lyft, Finance, Ipo, Funding, Events, Automotive, Venture Capital, Rideshare, Kate, Exit, Ride-sharing, Kirsten


The Investments Cisco, Samsung, Toyota, and Chevron Are Making in AI

Austin—If you’re a startup talking up your artificial intelligence chops in your venture capital pitch, you’re not alone.For Cisco Investments, the venture arm of tech giant Cisco, artificial intelligence is no longer one of the key trends to watch for during pitches in 2019. That’s according to Noah Yago, a director at Cisco Investments, who said the firm did list it as a trend to watch in 2017 and 2018. Part of the issue is saturation, he said.“Our view is that we’re sort of at peak oil for A...
Tags: Google, Auto, Startups, Facebook, Texas, Technology, Trends, Startup, Tech, Investing, Cisco, Car, Vc, Artificial Intelligence, Software, Austin


Report: Google’s Waymo seeks outside investment and a sky-high valuation

Alphabet’s self-driving vehicle subsidiary Waymo may raise outside capital for the first time at a valuation “at least several times” that of Cruise, the General Motors-owned autonomous vehicle business worth nearly $15 billion, according to a report published by The Information on Monday. We’ve reached out to our sources to confirm. Waymo didn’t immediately respond to a request for comment. Waymo, which is currently celebrating its 10-year anniversary, is a cash-intensive unit. Raising capit...
Tags: Google, Transportation, Softbank, Tech, General-motors, Cruise, Automotive, Gm, Venture Capital, Autonomous Vehicles, Shell, Silver Lake, John Krafcik, Ruth Porat, Phoenix, Ford Google


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



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