Category: transportation
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…
Read More
The Great Reset
Ann Miura-Ko Contributor Ann Miura-Ko is a co-founding partner at Floodgate, a seed-stage VC firm. A repeat member of the Forbes Midas List and the New York Times Top 20 Venture Capitalists Worldwide, she earned a PhD in math modeling of cybersecurity at Stanford University. More posts by this contributor…
Read More
The Station: Cruise cuts, Waymo snags more cash, and a VC Mobility survey
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 and welcome back to The Station, I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. If you’re interested in all the…
Read More
Tesla scouts head to Tulsa, Austin as hunt for Cybertruck gigafactory location nears end
Tesla officials visited two sites in Tulsa, Oklahoma this week to search for a location for its future and fifth gigafactory, according to a source familiar with the situation. Company representatives also visited Austin recently for a potential site for a factory that will produce its all-electric Cybertruck and Model…
Read More
Cruise lays off 8% of workforce amid COVID-19, puts resources towards engineering
Cruise, the self-driving car subsidiary of GM that also has backing from SoftBank Vision Fund, automaker Honda and T. Rowe Price & Associates, is laying off nearly 8% of its more than 1,800-member workforce today as it tries to reduce costs during the COVID-19 pandemic. The layoffs will affect employees…
Read More
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…
Read More