Tag: chicago
GM exits car-sharing business and shuts down Maven
GM’s experiment with car sharing is over. The automaker Tuesday said its Maven car-sharing service, which launched in 2016, will shut down for good. Maven had paused service due to the COVID-19 pandemic. The company sent an email to customers Tuesday that after examining the business, the car-sharing industry and…
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GM delivers first ventilators under 30,000-unit government contract
Ventilators assembled by GM and Ventec Life Systems were delivered to hospitals Thursday night with more making their way to facilities today and through the weekend, the first in a 30,000-unit order with the U.S. government. The deliveries, which went to hospitals in Chicago and Olympia Fields, Ill., are a…
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Saving, not spending, is the new hotness in fintech
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Yesterday news broke that Robinhood is on the hunt for new capital at a roughly flat valuation, per friend of the blog Katie Roof. If you are a bit confused…
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Impossible Foods rolls out to nearly 1,000 new grocery stores and supermarkets
Starting tomorrow 777 supermarkets in California, Illinois, Indiana, and Iowa, and Nevada will begin stocking the Impossible Foods plant-based meat substitute. Fueling the increased distribution and a push to expand its product suite and geographic footprint domestically and internationally is a $500 million round of funding the company closed in…
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On-demand shuttle startup Via hits $2.25 billion valuation on latest funding round led by Exor
On-demand shuttle startup Via has hit a $2.25 billion valuation following a Series E funding round led by Exor, the Agnelli family holding company that owns stakes in PartnerRe, Ferrari and Fiat Chrysler Automobiles. The Series E funding round, which included other investors, totaled $400 million, according to a source familiar…
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FAA temporarily closes tower at Chicago’s Midway Airport after employees test positive for COVID-19
In another example for the farreaching effects of the coronavirus outbreak, the FAA today said that it is temporarily closing the tower at Midway Airport, the second largest airport in the Chicago area. In a statement, the FAA says that that several technicians at the facility tested positive for COVID-19.…
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