Tag: Automotive
Daily Crunch: Hyundai acquires 80% stake in Boston Robotics
Hyundai takes a controlling stake in an iconic robotics company, Twitter acquires a screen-sharing startup and we round up some security-themed gift ideas. This is your Daily Crunch for December 11, 2020. The big story: Hyundai acquires 80% stake in Boston Robotics Boston Robotics is behind a number of impressive…
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UK electric vehicle startup Arrival picks Charlotte for its North American headquarters
Arrival, the U.K. electric vehicle startup that plans to become a publicly traded company through a merger with special purpose acquisition company CIIG Merger Corp., has picked Charlotte for its North American headquarters. The company said it will add 150 new employees to support the headquarters and invest about $3…
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Tesla’s racially diverse workforce is led mostly by white men, internal report shows
Tesla’s top leadership positions skew white and male with just 4% of those roles going to Black employees, according to the company’s first diversity and inclusion report released Friday. The report shows that overall the company, which has factories in California, Nevada and New York, has a workforce that includes…
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Revel pulls electric mopeds after failing to make a dent in Austin’s car culture
Shared electric moped startup Revel said Friday that it will shut down its service in Austin later this month. The startup’s CEO and co-founder Frank Reig didn’t place the entire blame on the COVID-19 pandemic, which has caused ridership to fall across shared micromobility services as well as public transit,…
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Shop-Ware raises cash as cars make a comeback
Shop-Ware has been waiting for a year like 2020 since 2015. The startup, which sells software to neighborhood automotive shops to digitize their operations, had struggled to capture capital from venture firms. Until recently, its sole major investor was aftermarket automotive giant Bosch. For companies like Shop-Ware, the disruptive wake…
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Softbank, Volvo back Flock Freight with $113.5M to help shippers share the load
Everyday thousands of trucks carry freight along U.S. highways, propelling the economy forward as consumer goods, electronics, cars and agriculture make their way to distribution centers, stores and eventually households. It’s inside these trucks — many of which sit half empty — where Flock Freight, a five-year-old startup out of…
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