Month: March 2023

Uber is expanding Comfort Electric, the ride-hailing giant’s premium electric vehicle offering, to 14 new markets across the U.S. and Canada. Now, customers in a total of 40 North American markets can book a flashy, environmentally friendly ride. Eligible luxury EVs include Tesla models S, 3, X and Y, the Polestar 2, the Ford Mustang … Read more

Impact investor Goodwell Investments and Oxfam Novib, a Dutch foundation and Oxfam International affiliate, have set up Pepea, a €20 million ($21.7m) fund, to provide financing to early-stage startups in Kenya, Uganda, and Ethiopia. The fund, created with the backing of Oxfam Novib Impact Investments, will provide venture debt with a focus on mezzanine finance, … Read more

Impact investor Goodwell Investments and Oxfam Novib, a Dutch foundation and Oxfam International affiliate, have set up Pepea, a €20 million ($21.7m) fund, to provide financing to early-stage startups in Kenya, Uganda, and Ethiopia. The fund, created with the backing of Oxfam Novib Impact Investments, will provide venture debt with a focus on mezzanine finance, … Read more

Impact investor Goodwell Investments and Oxfam Novib, a Dutch foundation and Oxfam International affiliate, have set up Pepea, a €20 million ($21.7m) fund, to provide financing to early-stage startups in Kenya, Uganda, and Ethiopia. The fund, created with the backing of Oxfam Novib Impact Investments, will provide venture debt with a focus on mezzanine finance, … Read more

Effy is at a crossroads. The energy renovation company based in France is doing well, but it is addressing a market that is much bigger than anticipated. That’s why it is making a bet. The company just closed a €20 million funding round (roughly $22 million at today’s exchange rate) from Felix Capital. This is … Read more

After weeks of stalling, Twitter finally announced its new API price structures on Wednesday. These three tiers include a barebone free level mostly meant for content posting bots, a $100 per month basic level, and a costly enterprise level. The company said that subscribing to any level gets access to Ads API at no cost. … Read more

Lyft might once again drop its shared rides offering, just one of several changes the company’s newly appointed CEO could make in a bid to focus on its core ride-hailing business and become profitable. David Risher, who is taking over as Lyft’s CEO in mid-April, told TechCrunch in a wide-ranging interview that other features may … Read more

Lyft might once again drop its shared rides offering, just one of several changes the company’s newly appointed CEO could make in a bid to focus on its core ride-hailing business and become profitable. David Risher, who is taking over as Lyft’s CEO in mid-April, told TechCrunch in a wide-ranging interview that other features may … Read more

Lyft might once again drop its shared rides offering, just one of several changes the company’s newly appointed CEO could make in a bid to focus on its core ride-hailing business and become profitable. David Risher, who is taking over as Lyft’s CEO in mid-April, told TechCrunch in a wide-ranging interview that other features may … Read more

Lyft might once again drop its shared rides offering, just one of several changes the company’s newly appointed CEO could make in a bid to focus on its core ride-hailing business and become profitable. David Risher, who is taking over as Lyft’s CEO in mid-April, told TechCrunch in a wide-ranging interview that other features may … Read more

Lyft might once again drop its shared rides offering, just one of several changes the company’s newly appointed CEO could make in a bid to focus on its core ride-hailing business and become profitable. David Risher, who is taking over as Lyft’s CEO in mid-April, told TechCrunch in a wide-ranging interview that other features may … Read more

Lyft might once again drop its shared rides offering, just one of several changes the company’s newly appointed CEO could make in a bid to focus on its core ride-hailing business and become profitable. David Risher, who is taking over as Lyft’s CEO in mid-April, told TechCrunch in a wide ranging interview that other features … Read more

The U.S. Treasury Department’s guidance on battery sourcing requirements for the electric vehicle tax credits will result in fewer vehicles being eligible for full or partial credits, reports Reuters, citing an unnamed U.S. official. The proposed EV credit guidance as included in the Inflation Reduction Act says that in order for vehicles to qualify for … Read more

The U.S. Treasury Department’s guidance on battery sourcing requirements for the electric vehicle tax credits will result in fewer vehicles being eligible for full or partial credits, reports Reuters, citing an unnamed U.S. official. The proposed EV credit guidance as included in the Inflation Reduction Act says that in order for vehicles to qualify for … Read more

Online used vehicle retailer Shift Technologies cut its workforce by 30% in the first quarter as the company sought to reduce costs and eliminate duplicate positions following its merger with CarLotz, CEO Jeff Clementz said during an earnings call. The layoffs came as the company saw its revenue plummet in the fourth quarter and its … Read more

Online used vehicle retailer Shift Technologies cut its workforce by 30% in the first quarter as the company sought to reduce costs and eliminate duplicate positions following its merger with CarLotz, CEO Jeff Clementz said during an earnings call. The layoffs came as the company saw its revenue plummet in the fourth quarter and its … Read more

Online used vehicle retailer Shift Technologies cut its workforce by 30% in the first quarter as the company sought to reduce costs and eliminate duplicate positions following its merger with CarLotz, CEO Jeff Clementz said during an earnings call. The layoffs came as the company saw its revenue plummet in the fourth quarter and its … Read more

2022 was a tumultuous year for many fintech startups. But for Ramp, it was a year of opportunity. The company shared today that it saw its revenue grow by 4x last year, buoyed by what co-founder and CEO Eric Glyman describes as a desire on the part of companies of all sizes and stages seeking … Read more

With a drier than normal investment scene, founders are looking for more effective ways to reach the right VCs. Toward that end, over the past few weeks, thousands of founders have applied to land capital through a common app, but instead of hoping to land into a university, they’re hoping to land capital from top … Read more

AI is riding high on a curve of hype, which means some of the practical questions that might grow louder over time — the many costs (financial and social), the business models — may not be the most front of mind right now. Today a startup called Fetch.ai is announcing $40 million in funding in … Read more

After putting Broadcom on notice last week that it was concerned that the proposed $61 billion Broadcom-VMware deal could adversely affect competition in the server market, the U.K. Competition and Markets Authority (CMA) announced today that it was proceeding with an in-depth investigation that could take up to six months. “The CMA has referred the anticipated … Read more