Rebecca Bellan
Berlin-based GetHenry, a startup that provides electric last-mile delivery bikes to couriers and logistics companies, has raised a $17.4 million (€16.5 million) seed round to expand its business across Europe. The startup currently operates in Germany, Austria, Italy and France, but plans to use its latest funding to...
Electric vehicle startup Canoo has filed suit against one of its largest shareholders, demanding that the firm pay back more than $61 million in “short-swing profits.”
The short-swing profit rule states that company insiders, like large shareholders, must return profits realized from buying and selling securities within a period...
Lyft is bringing back shared rides to San Francisco, San Jose, Denver, Las Vegas and Atlanta this May, the company announced on Thursday, noting that the popular reduced fare service will be expanding to other markets in phases throughout the year.
The company originally abandoned its carpooling service in...
Chinese internet giant Baidu and autonomous vehicle company Pony.ai have received permits to provide driverless ride-hailing services to the public on open roads in Beijing, according to both companies.
To date, numerous cities in China have allowed autonomous vehicle companies to test self-driving vehicles without a human safety operator...
Singapore’s Neuron Mobility has raised a $43.5 million Series B round, bringing its total capital investment to $77.7 million. The shared micromobility company with a presence in Australia, New Zealand, South Korea, the U.K. and Canada will use the funds to invest in its proprietary technology and double...
Shared micromobility company Voi is deploying e-scooters in Oslo, Norway with Drover AI’s computer vision tech that can identify whether a scooter is on the pavement, road or cycle lane in order to help prevent sidewalk riding.
As the micromobility industry consolidates around a few key players and cities...
General Motors expects expenses for its autonomous driving subsidiary Cruise to about $2 billion this year, GM’s chief financial officer Paul Jacobson said in the company’s first-quarter earnings call.
Cruise nor GM provided a detailed accounting of exactly what that $2 billion would be used for. TechCrunch will update the...
Swvl, an Egyptian startup that provides shared transportation services for intercity and intracity trips, has expanded into Turkey with its recent acquisition of Volt Lines, a B2B transportation-as-a-service operator.
The primarily stock deal, which was valued at around $40 million, gives Swvl access both to Volt Lines’ tech as...
The Boring Company, Tesla CEO Elon Musk’s project to build underground highways to alleviate traffic congestion, has raised a $675 million Series C round, bringing its valuation up to $5.7 billion.
The round was led by Vy Capital and Sequoia Capital, with participation from Valor Equity Partners, Founders Fund,...
Tesla CEO Elon Musk says the company’s robot, named Optimus, will be “worth more than the car business, worth more than FSD.”
FSD, or “full self-driving,” is Tesla’s advanced driver assistance system that relies on cameras and computer vision technology to perform some autonomous driving tasks. An FSD subscription...
