Tag: detroit
Detroit-based Rocket Fiber acquired by Everstream
Rocket Fiber is the latest Detroit startup to be acquired. Today, the company is announcing it was acquired by Cleveland-based Everstream for an undisclosed amount. The founders tell TechCrunch the company was at a “record multiplier for the telecom space.” Under the deal, Everstream is acquiring all of Rocket Fiber’s…
Read More
GM is bringing back the Hummer as an electric ‘super truck’ with 1,000 horsepower
GM is bringing back the Hummer in a new electric form. The automaker confirmed Thursday plans to produce an all-electric Hummer with 1,000 horsepower and the ability to accelerate from zero to 60 miles per hour in 3 seconds. This ‘super truck,’ which GM teased in a several videos, will…
Read More
Techstars Detroit accelerator is shutting down
Techstars Detroit, the accelerator that has funded 54 startups in the past five years, is shutting down, TechCrunch has learned. In an email to supporters, Techstars Detroit managing director Ted Serbinski said the accelerator was not able to secure enough funding for 2020. “It’s clear the entire automotive mobility industry…
Read More