Posts filtered by tags: SPAC[x]


Lilium in talks with Brazilian airline for $1B order

German electric aircraft startup Lilium is negotiating the terms for a 220-aircraft, $1 billion order with one of Brazil’s largest domestic airlines, the companies said Monday. Should the deal with Azul move forward, it would mark the largest order in Lilium’s history and its first foray into South American markets. “A term sheet has been signed and we will move towards a final agreement in the coming months,” a Lilium spokesperson told TechCrunch. The 220 aircraft would fly as part of a new, co...
Tags: Startups, Transportation, Europe, Tech, United States, Brazil, Aerospace, United Airlines, SPAC, Azul, Lilium, Electric aviation, Evtol, Urban Air Mobility, Archer Aviation, Qell Acquisition Corp

The Station: The script for Elon Musk’s Loop drivers, Redwood snags $700M and a chat with Kodiak Robotics’ co-founder

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. In case you missed it, our scoop machine Mark Harris was at it again. This time, he found some interesting and entertaining documents related to Elon Musk’s underground Loop system in Las Vega...
Tags: Apple, Google, Amazon, Transportation, Lyft, Twitter, Elon Musk, Minnesota, Microsoft, Indonesia, California, Washington Post, Senate, White House, Milwaukee, Singapore

Kodiak Robotics’ founder says tight focus on autonomous trucks is working

Kodiak Robotics is one of the last private autonomous vehicles companies focused on trucking that is still standing. Nearly all the rest have been wooed by the public marketplace and the capital it can provide. But co-founder and CEO Don Burnette says the three-year-old company’s strategy of staying focused and small(er) is paying off. It will be able to deploy a commercial-scale operation for about $500 million in funding, he says in the interview below. To put those go-to-market costs in persp...
Tags: TC, Transportation, Uber, Tech, AV, Artificial Intelligence, Automotive, Electric Vehicles, Dallas, Self-driving Cars, Houston, Logistics, Kodiak, SPAC, Burnette, ADAS

SCOTT GALLOWAY: Robinhood may seem like a roaring success, but 5 red flags make its business model unstable

Vlad Tenev, cofounder of Robinhood. Rafael Henrique/SOPA Images/LightRocket via Getty Images, Brendan McDermid/Reuters Scott Galloway is a bestselling author and professor of marketing at NYU Stern. The following is a recent blog post, republished with permission, that originally ran on his blog, "No Mercy / No Malice." In it, Galloway calls the payment for order flow (PFOF) system that Robinhood uses "affiliate marketing" for finances. See more stories on Insider's business page. Robi...
Tags: Google, Facebook, UK, Ipo, US, Trends, New Jersey, Wisconsin, SEC, Goldman Sachs, Robinhood, Vlad Tenev, Nyu, Madoff, SPAC, Galloway

Early investors bail on Doma’s SPAC merger

Digital title, escrow and closing provider Doma raised less than anticipated in a SPAC merger this week, after paying out nearly $295 million to early investors who redeemed their shares.
Tags: Technology, Radio, Fidelity, Mortgage, Blackrock, SPAC, DOMA, Spencer Rascoff, States Title, Max Simkoff, David Pogemiller

Vacation rental giant Vacasa to go public with $4.5B valuation

The rental management giant is merging with TPG Pace Solutions in a bid to go public via a special purpose acquisition company, or SPAC.
Tags: Technology, Ipo, Radio, Airbnb, Rentals, Matterport, Initial Public Offering, Opentable, Vrbo, Industry News, SPAC, Matt Roberts, Spencer Rascoff, Select, Opendoor, Eric Breon

Top 3; OKRs vs. KPIs; Luxury Wins; One Spot Still

  Stop wearing your wishbone where your backbone ought to be.  Elizabeth Gilbert You can ignore reality, but you can't ignore the consequences of ignoring reality. Ayn Rand Upscale Scaleups – Why Fashion Acquisitions are in Vogue If you own a small luxury brand, right now might be the best time to sell to get top valuation. This Raconteur article details why this is a good time to sell (cheap debt, SPAC activity, and big three) – and the benefits of being owned by an entity that has the fun...
Tags: Apple, Amazon, England, Leadership, Australia, Mit, Dallas, Silicon Valley, Michigan, Melbourne, Lvmh, John Doerr, SPAC, Zapier, Amsterdam NL, OKR

10 things before the opening bell

REUTERS/Dado Ruvic/Illustration Welcome to 10 Things Before the Opening Bell. If this was forwarded to you, sign up here. Markets Insider is selling its first NFTs. Get the details here.Let's get into it.1. US stock futures are trading higher after the Fed signaled it sees no need to adjust monetary policy yet. With the dollar under pressure, commodities are getting a boost. Take a look at what the major markets are doing today.2. Robinhood priced its long-awaited IPO at $38 per share...
Tags: Apple, Facebook, China, US, Trends, Bloomberg, Robinhood, Fed, Don, SPAC, Phil Rosen, Amazon Samsung Mastercard

Connected car insurance startup Flock raises $17M Series A led by Chamath Palihapitiya

Cast your mind back to that scene in Minority Report where all those autonomous cars are whizzing through the city. The more practically-minded of you may well have gone: “Yeah, but what about the insurance…?”. Among the startups building the on-demand, connected insurance world for the vehicles of tomorrow right now are UK-based Zego which has raised $201.7 million. Another is Flock. Emerging from an academic project to look at drones, Flock shifted into providing drones insurance then commerci...
Tags: TC, Transportation, Europe, UK, Technology, Insurance, Tech, Ceo, Car, Software, Virgin Galactic, Computing, Flock, Chairman, Chamath Palihapitiya, Social Capital

Egyptian ride-sharing company Swvl plans to go public in a $1.5B SPAC merger

Cairo and Dubai-based ride-sharing company Swvl plans to go public in a merger with special purpose acquisition company Queen’s Gambit Growth Capital, Swvl said Tuesday . The deal will see Swvl valued at roughly $1.5 billion. Swvl was founded by Mostafa Kandil, Mahmoud Nouh and Ahmed Sabbah in 2017. The trio started the company as a bus-hailing service in Egypt and other ride-sharing services in emerging markets with fragmented public transportation . Its services, mainly bus-ha...
Tags: Saudi Arabia, Africa, Tech, Egypt, Middle East, Dubai, Grace, Cairo, Nyse, SPAC, Jumia, Anghami, Swvl, Ahmed Sabbah, Queen s Gambit Growth Capital Swvl, Mostafa Kandil Mahmoud Nouh

Fisker invests in EV charging network Allego’s SPAC merger

Less than a year after its own SPAC merger, electric vehicle startup Fisker has turned investor to support EV charging company Allego. Fisker is investing $10 million in private-investment-in-public equity (PIPE) funding for the merger of Allego and special purpose acquisition company Spartan Acquisition Corp III. The merger, announced Tuesday, puts Allego at a pro forma equity value of $3.14 billion. The transaction is expected to inject the EV charging provider with $702 million in cash, inclu...
Tags: TC, Transportation, Europe, London, California, Tech, Automotive, Ocean, Electric Vehicles, Volkswagen, Henrik Fisker, Foxconn, Charging Station, Fisker, SPAC, Aston Martin V8 Vantage

Wall Street intern diaries - Millennium poaches JPM star - 411 on NDAs

Welcome to Insider Finance. If this was forwarded to you, sign up here. On the agenda today:A Wall Street intern gave us a look into their life at a top bulge-bracket investment bank.Millennium has snagged a star equity trader from JPMorgan.We rounded up the top recruiters scouting for talent for family offices. You can meet them here.Let's get started. Introducing: the Wall Street intern diaries Kseniia Perminova/Shutterstock We asked an intern at a top bulge-bracket investment bank...
Tags: Apple, Southeast Asia, Trends, Goldman Sachs, WSJ, Better, SPAC, NDA, Spencer Stuart, Jeffrey Epstein, Russell Reynolds Associates, Samantha Lee, Better Mortgage, Jack Guez, Phil McCarten, Masoudi

Extra Crunch roundup: RapidSOS EC-1, how to prep for an M&A exit, inside Genki Forest

According to one estimate, Americans call 911 about 240 million times every year. Sending emergency services to the right location sounds straightforward, but each 911 call is routed through one of thousands of call centers known as public safety answering points (PSAPs). “Every 911 center is very different and they are as diverse and unique as the communities that they serve,” said Karin Marquez, senior director of public safety at RapidSOS. One PSAP that serves New York City is a 450,000-squ...
Tags: Startups, TC, Crowdsourcing, China, New York City, America, Tech, Vw, Kickstarter, Venture Capital, EC, Pepsico, Coca Cola, Duolingo, Cowboy Ventures, Sequoia

How to prepare for M&A, your most likely exit avenue

Ben Boissevain Contributor Share on Twitter Ben Boissevain has 30 years of corporate finance experience at firms including White & Case and Barclays Bank, and 20 years of experience in the tech sector. Despite the plentiful headlines about mega billion-dollar M&A transactions, record IPOs and the rapid growth of SPACs, small deals will continue to be the most likely exit for the vast majority of tech startups. In the over 30 y...
Tags: Fundings & Exits, Startups, Column, Money, Ipo, Tech, M&a, SEC, Private Equity, Mergers and Acquisitions, Barclays Bank, Google News, SPAC, FactSet, Exits, Special-purpose Acquisition Company

Troubled EV company Lordstown Motors gets $400M lifeline in stock-sale agreement

Five weeks after Lordstown Motors issued a warning that it might not have enough funds to bring its electric pickup truck to market, a hedge fund managed by investment firm Yorkville Advisors has agreed to buy $400 million worth of shares over a three-year period, according to a regulatory filing posted Monday. The tumult within Lordstown Motors, which has resulted in the resignation of its CEO and CTO, has put the company at risk of failing. This new agreement could allow Lordstown to continue ...
Tags: Transportation, Tech, Automotive, Electric Vehicles, SEC, Ohio, Department Of Justice, Cto, Securities And Exchange Commission, Don, SPAC, Lordstown, Steve Burns, Hindenburg, Workhorse Group, Nikola Motor

The Station: Rivian adds to its EV war chest, Sec. Buttigieg is coming to Disrupt and Argo preps to launch with Lyft

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Sunday in your inbox. Hello frens and readers. Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Hey so maybe y’all missed it, but we shared some exciting news this week. Transportation Secretary Pete Buttigieg will join us for a fireside chat at Disrupt 2021, where we plan to ...
Tags: Google, Amazon, Transportation, Lyft, Europe, Congress, California, Washington, Mexico, Senate, New York City, Jerusalem, America, Tech, Tesla, Austin

The Station: Rivian adds to its EV war chest, Sec. Buttigieg is coming to Disrupt, Argo preps to launch with Lyft

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Sunday in your inbox. Hello friends and readers. Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Hey so maybe y’all missed it, but we shared some exciting news this week. Transportation Secretary Pete Buttigieg will join us for a fireside chat at Disrupt 2021, where we plan t...
Tags: Google, Amazon, Transportation, Lyft, Europe, Congress, California, Washington, Mexico, Senate, New York City, Jerusalem, America, Tech, Tesla, Joe Biden

Matterport finishes first day of trading slightly down

The 3D imaging company's shares debuted Friday at about $14.42 and ended the day around $14.20. The firm went public via a merger with a special acquisition company.
Tags: Technology, Radio, Compass, Stock Market, Nasdaq, Matterport, Industry News, SPAC, Markets & Economy, Select, News Brief, Opendoor, Blank Check Company, iBuyer, Gore Holdings VI

The DL on CockroachDB

As college students at Berkeley, Spencer Kimball and Peter Mattis created a successful open-source graphics program, GIMP, which got the attention of Google. The duo ultimately joined Google, and even personally got kudos from Sergey Brin and Larry Page. Kimball and Mattis quickly rose to prominence within the company, and then chose to leave it all behind to start what would eventually become CockroachDB. Years later, Cockroach Labs has over 250 employees and has received investments from the l...
Tags: Google, TC, Hong Kong, China, Southeast Asia, India, US, Tech, Sergey Brin, WeWork, EC, Jack Dorsey, Alex, Redpoint, Latin America, Matterport

Should we be worried about insurtech valuations?

Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by what the weekday Exchange column digs into, but free, and made for your weekend reading. Want it in your inbox every Saturday? Sign up here. Hello everyone, I hope you had a lovely week. I turned 32 after experiencing sleep-destroying heartburn. So, a little good and a little bad. But that didn’t stop the markets. Nope. Not a bit. Which means we have a lot to talk about, including falling insurte...
Tags: TC, MetroMile, Texas, China, Ipo, Tech, Ses, SEC, Exchange, SPAC, Cain, Oss, Yahoo Finance, Newsletters, Hippo, Couchbase

Daily Crunch: Bitcoin ‘is a big part of our future,’ says Twitter CEO Jack Dorsey

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for July 23, 2021. It’s been an interesting week for the crypto faithful. One eye-catching piece of news came from Twitter and Square CEO Jack Dorsey, who said that bitcoin will be a “big part” of the company’s future. In his view it’s the internet’s “native currency.” Kinda? I would have picked a more modern chain, but that’s just...
Tags: TC, Facebook, China, India, Tech, Chinese communist party, Tumblr, Jack Dorsey, Venmo, Taboola, SPAC, Jonathan, Christine Hall, Newsletters, Minter, Twitter and Square

Lucid Motors’ SPAC merger approved after executives issue plea to shareholders to vote

Shareholders approved Friday EV startup Lucid Motors’ merger with special purpose acquisition company Churchill Capital IV, after the companies extended the deadline by one day because not enough retail investors showed up to cast their vote. The issue is an unusual but could become more common as more companies eschew the traditional IPO path to public markets and instead merge with SPACs.  The hiccup occurred on Thursday, when shareholders voted to approve all but one of the proposals as par...
Tags: Transportation, Amc, Tech, Automotive, Electric Vehicles, Reddit, Private Equity, Morgan Stanley, Robinhood, Churchill, Gamestop, Lucid, SPAC, Michael Klein, Klein, Lucid Motors

After going public via a SPAC, Taboola acquires e-commerce marketing network Connexity for $800M

Taboola, the company that operates a popular grid-based advertising and content recommendation network across media properties, today announced an acquisition to expand its reach further into e-commerce, its first big move since going public in June by way of a SPAC: it is paying $800 million in a combination of cash and stock to buy Connexity, a marketing technology company that operates an retail- and e-commerce-focused advertising network. Connexity has been owned by Symphony Technology Partn...
Tags: Ecommerce, Media, US, Affiliate Marketing, Tech, Commerce, M&a, Influencer Marketing, Connexity, Taboola, Outbrain, SPAC, Otto, EBITDA, Shopzilla, Adam Singolda

3D tour giant Matterport makes its stock market debut

The company will begin selling shares via a SPAC merger at a moment when interest in 3D tours is surging — and when more competitors are inching onto Matterport's turf.
Tags: Facebook, Technology, Radio, Stock Market, Nasdaq, Zillow, Matterport, Tiger Global Management, SPAC, Spencer Rascoff, Markets & Economy, Select, Opendoor, Dragoneer, RJ Pittman, Offerpad

Commercial EV company Arrival to build electric buses for Anaheim

Arrival, the commercial electric vehicle company that is shaking up the traditional auto production line with AI-run microfactories, has been chosen to build electric buses for the City of Anaheim, California. The Federal Transportation Administration awarded Anaheim a $2 million grant in 2019, and on Thursday the city’s transportation network announced the plan to partner with Arrival to achieve its goal of running California’s first all-electric bus fleet by 2025. The U.K.-based company said A...
Tags: Transportation, California, Tech, UPS, Automotive, Disneyland, Anaheim, SPAC, Charlotte North Carolina, Rock Hill South Carolina, Anaheim California, Federal Transportation Administration, Arrival, Electric Buses, Mike Ableson, Denis Sverdlov

How WeWork’s Adam Neumann made a pigeon look like a swan

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. For this week’s deep dive, Alex and Natasha took a trip down memory lane to the great WeWork saga. We had WSJ reporter and author Eliot Brown on the show to chat about his new book, The Cult of We, written with his colleague Maureen Farrell. You can snag it here if you haven’t already. Brown and Farrell were key reporting voices during WeWork’s rise, and fall, cove...
Tags: Apple, TC, Tech, WeWork, Equity, Alex, WSJ, Brown, SPAC, Farrell, Natasha, Adam Neumann, Maureen Farrell, Equity podcast, Eliot Brown

Extra Crunch roundup: Seed stage basics, SaaS marketing live chat, Zoom’s Five9 buy

A famous poem advises us not to compare ourselves with others, “for always there will be greater and lesser persons than yourself.” The same holds true for startup fundraising; the size of your seed round will be determined solely by your company’s immediate needs and the investors you’re working with. “Remember that fundraising is not the goal,” says three-time YC alum Yin Wu. “Building a successful business is.” Full Extra Crunch articles are only available to members Use discount code ECFrid...
Tags: Startups, TC, London, Entrepreneurship, Tech, Intellectual Property, Alex, Robinhood, Duolingo, Citi Ventures, Angellist, Alex Wilhelm, Citi, SPAC, Emily, Natasha

WeWork founder Adam Neumann once argued to Elon Musk that getting to Mars would be easy but "building community" there was the hard part, new book says

Former WeWork CEO Adam Neumann. Michael Kovac/Getty Images for WeWork WeWork founder Adam Neumann told SpaceX CEO Elon Musk getting to Mars was easy, a new book says. "The Cult of We" adds that Neumann said building community on the Red Planet was the hard part. Musk "was unimpressed and lectured Neumann," who wanted to collaborate on Mars plans, the book says. See more stories on Insider's business page. WeWork founder Adam Neumann has some unconventional thoughts about space, a new b...
Tags: Apple, Space, Spacex, Elon Musk, Real Estate, Cook, Softbank, US, Trends, Airbnb, WeWork, Mars, Son, Blackstone, Brian Chesky, Musk

Metal 3D printing company Fabric8Labs raises $19M

Fabric8Labs this morning announced that it has raised $19.3 million. The Series A was led by Intel Capital and features Lam Capital, TDK Ventures, SE Ventures, imec.xpand, Stanley Ventures and Mark Cuban. It follows $4 million in seed funding raised in mid-2018. The San Diego-based startup specializes in metal 3D printing. It’s a hot category, of late, as evidenced by Desktop Metal and Markforged’s decisions to go public via SPAC over the past two years. Fabric8Labs says lower cost and less ener...
Tags: Startups, Metal, Hardware, Funding, 3d Printing, San Diego, Intel Capital, Additive Manufacturing, SPAC, Herman, Desktop Metal, Jeff Herman, MarkForged, Stanley Ventures, Fabric8Labs, Recent Funding

Daily Crunch: In all-stock transaction, Zoom to purchase Five9 for $14.7 billion

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for July 19, 2021. In the old days, venture capital had seasons. VCs didn’t work in December, and the July-August period could be a bit hazy. Such variations have declined. Deal-making, it turns out, is now pretty much the theme for all seasons. Evidence? Just read what’s below! — Alex The TechCrunch Top 3 Rappi raises $500M: Th...
Tags: TC, China, Russia, Tech, Cnn, Fbi, United States, Dover, Robinhood, Latin America, Jones, Duolingo, SPAC, Carlyle, Newsletters, Microsoft Exchange

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