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Beam , a Singaporean shared micromobility operator, announced today that it has raised $93 million in a Series B round to accelerate growth into new countries in Asia. Advanced rider assistance systems: Tech spawned by the politics of micromobility. Singapore’s micromobilitystartup Beam raises $26 million.
Amid the chaos of the COVID-19 pandemic and the murky path to profitability for shared electric micromobility, an increasing number of companies have turned to subscriptions. But will this new playbook push the unit economics of micromobility in a positive direction? And what will determine which companies win at the subscription game?
Early-stage startups tend to claim that their go-to-market strategy is fully operational. Finding GTM fit is a milestone for any startup that includes everything from expanding the engineering team to launching your first media buy. These simple metrics will tell you if your startup is ready to scale. Senior Editor, TechCrunch.
Postmates X, the robotics division of the on-demand delivery startup that Uber acquired last year for $2.65 Serve Robotics, a name taken from the autonomous sidewalk delivery bot that was developed and piloted by Postmates X, has raised seed funding in a round led by venturecapital firm Neo.
Aurora Innovation, the autonomous vehicle startup that acquired Uber’s self-driving unit in December, is going public via a merger with special purpose acquisition company Reinvent Technology Partners Y. Autonomous vehicle startup Aurora in final talks to merge with Reid Hoffman’s newest SPAC. Venturecapital at scale.
Nigerian mobility tech startup Metro Africa Xpress Inc. ( The startup told TechCrunch that it will use the funding to enter Ghana and Egypt by the end of the first quarter of 2022, and other additional markets in Francophone, East and Southern Africa by the close of the same year. Chinedu Azodoh is the startup’s other co-founder.
Zoomo, the Australian startup with a mission to electrify delivery fleets through e-bike subscriptions, announced a $12 million interim capital raise on Monday. Now, the startup hopes to expand its service outward toward continental Europe and other states across the U.S.
Israel’s startup ecosystem raised record amounts of funding and produced 19 IPOs in 2020, despite the pandemic. Subscribe to access all of our investor surveys, company profiles and other inside tech coverage for startups everywhere. The investors: Boaz Dinte , managing general partner, Qumra Capital. Oh, and one more thing.
Exhibiting your early-stage startup at TC Sessions: Mobility 2022 in San Mateo, California on May 18-20 is one of the fastest ways to discover new opportunities and accelerate your growth potential. Along with demo space, a $725 Early-Stage Startup Demo Package includes: Four event passes to help your team maximize time and opportunities.
TC Sessions: Mobility will feature speakers on the main stage, a bevy of startup exhibits, demos, networking and a live pitch-off with a pretty sweet prize. Buy your general admission or early-stage startup demo package today before prices increase. How to Unlock Profits in Micromobility. How to Land Early-Stage Funding.
One bright light amidst the gloom: Startups that generate enough revenue to drive steady growth will find many investors willing to take their calls. One bright light amidst the gloom: Startups that generate enough revenue to drive steady growth will find many investors willing to take their calls. That’s real money.
TC Sessions: Mobility will feature speakers on the main stage, a bevy of startup exhibits, demos, networking and a live pitch-off with a pretty sweet prize. Buy your general admission or early-stage startup demo package today before prices increase. How to Unlock Profits in Micromobility. How to Land Early-Stage Funding.
Bolt Mobility , the Miami-based micromobilitystartup co-founded by Olympic gold medalist Usain Bolt, is expanding to 48 new markets after acquiring the assets of Last Mile Holdings. ” The acquisition was funded in part by Fuel VentureCapital, an existing Bolt investor.
TC Sessions: Mobility will feature speakers on the main stage, a bevy of startup exhibits, demos, networking and a live pitch-off with a pretty sweet prize. Buy your general admission or early-stage startup demo package today before prices increase. How to Unlock Profits in Micromobility. How to Land Early-Stage Funding.
This week, we published a four-part series about how Klaviyo co-founders Andrew Bialecki and Ed Hallen bootstrapped their startup into an e-commerce marketing automation platform now valued at $4.15 Part 4: Drama and quirk aren’t necessary for startup success. Micromobility’s next big business is software, not vehicles.
Startups are the embodiment of frenetic action. Companies like electric scooter providers Lime and Bird have raised tons of capital to change how the urban population gets around, but that growth has come at the cost of a bottom line still in the red. That has been truer for the mobility landscape than most other industries.
Changing your meeting culture is difficult, but given that 26% of workers plan to look for a new job when the pandemic ends, startups need to do all they can to retain talent. Reform your startup’s meeting culture. Inside GM’s startup incubator strategy. Inside GM’s startup incubator strategy. Walter Thompson.
Startups and VC. Today, Haje has been running around at Micromobility America. They insist on using the MMA acronym, so he’s expecting a fist to the face any moment, but so far the only risk of injury has been from neck-breaking micromobility in the form of electric rollerblades. Ivan has more. million Series A in July.
With 17 startups participating, Berkeley SkyDeck’s Demo Day isn’t the largest cohort we’ve seen by any stretch. Notable alumni include micromobility unicorn, Lime, and delivery robotics firm, Kiwi. Attending a remote startup accelerator is absolutely worth it. NuPort Robotics. Image Credits: NuPort Robotics Inc.
This two-day deep dive — dedicated to mobility tech, early-stage startups and the investors who fund them — is a prime networking opportunity you don’t want to miss. Looking for a co-founder to help you build your mobility-centric startup? TC Sessions: Mobility 2022 goes big, live and in-person on May 18-19 in San Mateo, California.
In this instance, African web3 startup Nestcoin said it had to lay off employees as a result of not having that access. Oops : Bird, a micromobility company, told the Securities and Exchange Commission that it had included unpaid customer rides in its revenue, thus having overstated that particular number for two years. Big Tech Inc.
I’m interested in hearing what investors from Intel Capital , GM Ventures and Snow Bull Capital have to say about the industry and what strategic mobility investors are looking for in a startup. Voi says it has just reached 100 million micromobility rides across 80 cities in less than four years. .
This two-day deep dive — dedicated to mobility tech, early-stage startups and the investors who fund them — is a prime networking opportunity you don’t want to miss. Looking for a co-founder to help you build your mobility-centric startup? TC Sessions: Mobility 2022 goes big, live and in-person on May 18-19 in San Mateo, California.
From 1,300 applicants, the company picked its first cohort to start building opportunities with the startups. ” I spoke with Dr. Rhee in great detail earlier this year, to figure out how startups can work with LG Nova: LG and the hunt for the next-gen corporate incubator.
That app also included micromobility and ride-hailing information, allowing customers to not just look up bus schedules, but see how they might get to and from stops — or ignore the bus altogether. Amid the swarm of new startups there are a few giants. It’s the underpinning before we choose any tools we use.”
Startups and VC. Another company conjuring up some capital is Magical, which is out to prove that robotic process automation isn’t ready for consolidation , and there are still a few rabbits left to pull out of its hat. TechCrunch+ is our membership program, which helps founders and startup teams get ahead. Big Tech Inc.
Startups and VC. It’s fundraising season for venture funds, apparently! MassMutual Ventures closed a $300 million fund to back Asian and European startups. Crypto-focused Dragonfly Capital officially announced its third fund , weighing in at $650 million. and Canada. . “They tend to get ripped off.”
This two-day deep dive — dedicated to mobility tech, early-stage startups and the investors who fund them — is a prime networking opportunity you don’t want to miss. Looking for a co-founder to help you build your mobility-centric startup? TC Sessions: Mobility 2022 goes big, live and in-person on May 18-19 in San Mateo, California.
Cloud kitchens dissipate: Annie writes that Kune Food, a promising Kenya-based startup renting out kitchens to prepare ready-to-eat affordable meals, will shut down operations and lay off its roughly 90-person workforce. Now, Ingrid reports, the startup has raised $624 million at an $8.5 Startups and VC.
Startups and VC In a major blow to shared micromobility companies, Paris has voted to ban rental e-scooters from its streets, Rebecca reports. Money flowing to LatAm : Kaszek earmarks nearly $1 billion in new funds for Latin American startups , reports Mary Ann. Alex writes this icon is sending dogecoin to the moon. Lesson one?
When Ford micromobility subsidiary Spin first launched a fleet of electric scooters in my hometown of Pittsburgh last summer, my immediate instinct was very old-man-yells-at-cloud. Founders of micromobilitystartups made plenty of good arguments for why fleets of electric scooters and bikes make sense.
Shared micromobility operator Veo has raised $16 million in new funding as the company ramps up its expansion plans in the United States. Veo, which was founded in 2017, has sought venture funding a bit later in the game than other micromobility companies.
Startup of the Week: PulmOne: Complete lung testing on desktop. Our freshly squeezed startup BlueTree Technologies has figured out a way to naturally and dramatically reduce the amount of sugar in fruit juice and it still tastes great, Joy Pincus writes in the Times of Israel. How well are your lungs working? Invest Now. Invest Now.
When you think about shared micromobility, Veo isn’t exactly the first company that comes to mind. It’s not as widespread as competitors like Voi, Tier and Lime, and it hasn’t raised nearly as much in venturecapital. That is, if CEO and co-founder Candice Xie is to be believed.
You’ll find dozens of exciting new early-stage mobility startups in the expo area. In the meantime, we can share that Cruise’s Oliver Cameron and Motional’s Laura Major will join us to talk about what it takes to move AV tech from the lab to the roadway. Spoiler alert: It ain’t easy.
This morning Clara , a corporate spend-management startup focused on the Latin American market, announced its product launch and a $3.5 From Divvy to Brex to Ramp to Airbase to Teampay , investors have poured capital into startups working to help companies better track and manage their spend. Regarding the company’s $3.5
Your all-access pass includes panel discussions, 1:1 interviews, breakout sessions and networking, plus access to our indoor AND outdoor expo area — where you’ll find dozens of innovative early-stage startups demoing their latest and greatest. More on that in a moment. You’ll also have access to our day of virtual content on May 20.
Once a key point of discussion when the IPO market was alive , today we’re sifting through what is left of the micromobility sector, now freshly depopulated to a new local maximum. With the apparent demise of Bolt Mobility, the divide between technology businesses and those that are merely tech-enabled is back at the forefront of our minds.
Your all-access pass includes panel discussions, 1:1 interviews, breakout sessions and networking, plus access to our indoor AND outdoor expo area — where you’ll find dozens of innovative early-stage startups demoing their latest and greatest. More on that in a moment. You’ll also have access to our day of online content on May 20.
Populus, the San Francisco-based transportation data startup, got its start as shared scooter mania took hold and cities tried to make sense of how infrastructure was being used by fleets of tiny vehicles. Its software-as-a-service product, which is now used by more than 100 cities across the U.S.
The Singapore-based startup announced today it has raised a $12 million Series A led by Sequoia Capital India, with participation from Trail Mix Ventures and Alteria Capital. The round also included returning investors Nordic Eye VentureCapital and Motion Ventures. million in seed funding.
The startup, a Y Combinator and Iterative alum, announced today it has raised $2.2 The round included Cathexis Ventures, Wavemaker Partners, Taurus Ventures, Capital X and Sketchnote Partners. The next big market opportunity for micromobility is commercial, not consumer. million in seed funding.
Streetlogic isn’t the first to come up with a micromobility ADAS system. Last year, Israeli startup Ride Vision introduced a similar AI-based system that analyzes traffic around a rider in real time, providing forward collision alerts, blind spot monitoring and warnings for riding too close behind another vehicle.
Attention mobility startups, professionals, investors and enthusiasts! and the conference was an excellent opportunity to gain a solid grasp of the micromobility space. We not only have fantastic speakers and companies onstage, but we have the future of mobility on our expo floor with more than 50 early-stage startups.
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