This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Walk through Branch’s virtual HQ and there are all the normal details you’d find in an office on Market Street: There are meeting rooms, lunch tables, a literal watercooler and, yes, succulents on your co-worker’s desk. The total addressable market for professional, social gaming is murky. So far, it has raised $1.5
Meanwhile, Joby’s net loss last year was $114.2 million, though, of course, neither company has brought a product to market yet. That means market consolidation is nearly guaranteed, as smaller companies may find it more advantageous to sell than continue to raise more capital. million and Archer’s was $24.8
Financing: It is customary in B2B transactions to pay “with terms,” such as net 30 or net 60, effectively giving a line of credit to the business buyer that enables them to send payment after delivery of the good or service. Nearly half of B2B payments are still made by paper check, but digital payment solutions are quickly gaining.
in after-market trading following the release of its earnings. Just last month, Canoo was even selected by NASA to build the ground crew transportation vehicles for the Artemis space exploration program. Canoo’s net loss reached $125.4 with a market valuation of $2.4 with a market valuation of $2.4
When people talk about hydrogen these days, they almost always mention transportation. But from a practical perspective, transportation is not a great use for hydrogen. Hydrogen is really terrible to store and to transport,” said Chad Mason, founder and CEO of Advanced Ionics.
Commitments to carbon neutrality keep coming from all corners of the business world — over the past few weeks, companies ranging from the fast-casual restaurant chain Sweetgreen to the security-focused networking IT company Palo Alto Networks to the online craft retailer Etsy committed to net-zero carbon emission plans.
government to ensure that its 19-seat hydrogen-electric airplane is ready for the market by 2023. Longtime investor Shell Ventures doubled down on its commitment to ZeroAvia with this round, on the back of the company’s unique approach to integrating various proven technologies to bring hybrid hydrogen-electric flight to market.
Decarbonising transportation through electrification is critical to helping companies and economies meet net-zero emissions targets. Fortunately, three forces are combining to make this vision for sustainable transportation a reality: connectivity, digitalisation, and cross-sector collaboration.
Socar , South Korea’s largest car-sharing startup, tumbled in its Seoul stock market debut Monday even after pricing shares below the bottom end of a marketed range. Socar’s debut comes amid a sluggish period in the IPO market in South Korea that has prompted a series of Korean companies to delay their listing plans.
Jona Christians and Laurin Hahn, Sono Motors’ co-founders, weren’t that into cars, but they recognized how much transportation contributes to the burning of fossil fuels and thought that would be a good place to start. before the market closed. The company’s path to market is twofold.
Rising revenue Eight-year-old Pony comes to market as an unprofitable company, albeit one with rising revenue. The company posted a net loss of $52 million for the first half of 2024, down from $70 million in the year-ago period. It currently employs Toyota and Lexus vehicles in its robotaxi fleet.
Udemy is also on the way to the public markets. Salads transport well — they are not soup — and are as plant-based as you’d like. million, and its net losses double from $67.9 Rent the Runway is expected to price its IPO later today and trade tomorrow morning, provided that all things go as planned.
That’s not a surprise, as COVID-19 caused many ride-hailing markets to freeze, limiting demand for folks moving around. The Exchange explores startups, markets and money. Uber and Lyft lost a lot of money in 2020. But the decline in demand harmed both companies. Uber’s revenue fell from $13 billion in 2019 to $11.1
This announcement, coupled with Lime’s stated intention to go public next year, comes as competitor Bird enters the markets via a SPAC deal with Switchback II Corporation. “We mean business when we talk about decarbonization and transportation.
and will be listed on the Nasdaq Capital Market under the new ticker symbol, “HLBZ.” ” The transaction includes $30 million PIPE anchored by institutional investors and approximately $80 million in net proceeds will be fed into Helbiz’s micromobility and advertising businesses, which have 2.7 million users.
Challenges in the traditional car rental industry have certainly allowed Turo to gain some market share, despite steep competition, but that popularity has come with a cost at times, a reading of the risk factors portion of the S-1 shows. In 2020, Turo generated net revenue of $149.9 In 2020, Turo generated net revenue of $149.9
The startup, which targets motorcycle taxi (boda boda) operators, their passengers and users of other forms of public transport (hereafter commuters), is building a business around daily micro-payments for personal accident covers, with some premiums going as low as $0.1. MotiSure is eyeing a market with over 1.4
Claroty tells TechCrunch it has seen “significant” customer growth over the past 18 months, largely fueled by the pandemic, with 110% year-over-year net new logo growth and 100% customer retention. . The end goal here is to be the market leader for industrial cybersecurity.
In aggregate, Lucid is net down a fraction today as of the time of writing. After announcing 17,000 reservations last November for the Lucid Air, the company’s luxury sedan that boasts a long range and the largest shudders “frunk” on the market, customer reservations topped 25,000 as of Monday, reflecting potential sales of more than $2.4
As a greater share of the transportationmarket becomes electrified, companies have started to grapple with how to dispose of the thousands of tons of used electric vehicle batteries that are expected to come off the roads by the end of the decade. Photo: Battery Resourcers).
Between 2006 and 2010, CEO Wilkerson, then a journalist and researcher, spent a great deal of time using motorcycles ( Boda bodas ) for quick and flexible transport. It was such an effective means for transport for him that he built a large contact list of “go-to” boda boda riders he would call for rides when need be.
The Station is a weekly newsletter dedicated to all things transportation. Against that backdrop of unsafe practices, I wanted to note an important departure over at the Department of Transportation. The UK’s Department of Transport reports weekday cycling rates have jumped 47% in the first half of 2022.
Sono has had to combat a range of challenges since going public in November last year, from a plummeting stock price to switching manufacturing partners, and its path forward to production and delivery will likely continue to be bumpy given current market and supply chain uncertainty. before the market closed on its first day.
based truck manufacturer Tevva in a bid to grow their combined market share for electric trucks, the companies said Tuesday. By focusing on medium- and heavy-duty commercial electric trucks, a fast-growing segment in the global EV market, the company will be able to keep some of its operations alive. million on a net loss of $13.2
InfraCo Africa’s CEO, Gilles Vaes, said “… Zembo has a great track record of delivering electric two-wheeler vehicles to the market and our joint effort with DOB Equity and Mobility 54 to scale and develop the business will expand the company’s ability to cut urban air pollution, create jobs and promote economic development in Kampala.
To examine the market forces and psychology driving climate tech, we surveyed an international group of investors to learn about how they evaluate new opportunities and what they’re looking for from the entrepreneurs who approach them. We’re constructive around things like voluntary carbon markets.
At Saavn, Naik realized she liked to push the envelope with emerging tech and experiment with achieving product-market fit. The following interview, part of an ongoing series with founders who are building transportation companies, has been edited for length and clarity. ” I think it’s nice to start a project in there.
The decision to analyze data in a location that’s far removed from where it’s generated must take into account the cost of transporting data to the remote location, as well as capacity considerations for both the transport network and the data center or cloud that will process the data. Interested in learning more?
In recent months, the tech IPO market has been stuck in what seems to be the slowest gear imaginable. Like most venture-backed companies targeting the public market, it is far from profitable. Last year, it posted revenue of $55 million and a net loss of $69 million.
As the data center market expands, at an estimated growth rate of 10.5% Imagine transporting a large quantity of goods. Using trucks to transport the same amount of goods would require multiple vehicles and trips, which increases fuel consumption significantly. from 2024 to 2030 1 , energy consumption has become a major concern.
The good news for SAP is that many of the customers adopting its cloud-based S/4HANA offering are net-new, meaning more market share. A feature pack is less disruptive than an upgrade, because you’re just adding it right into the current release,” said Eric van Rossum, chief marketing and solutions officer for SAP Cloud ERP.
Before raising its Series B, it had already grown to $6 billion in net merchandise value on $35 million of funding. The company also provides market research and data for products and gives retailers a large selection of goods. Its last funding was a $25.4
with a market value of $1.8 Dozens of startups have popped up in the past several years aiming to carve away market share from Velodyne, each one pitching its own variation on the technology and business approach. The company said the capital raised by going public will be used to scale the company in key markets.
Digitalization will allow warehousing and transportation operations to elevate customer experience, deliver more value to partners, and consequently – create an effective ecosystem of supply chain providers: manufacturers, carriers, freight forwarders, and more. Strategic transport planning. Inventory management.
Rossanis previously served as Uber’s head of growth in retail and new verticals for the Australia and New Zealand market. . Turo plans to put the 20 million registered cars in Australia to better use and expand access for local car owners to a global network of guests,” said Rossanis.
COVID-19 has spotlighted many of the weakest points in our transportation system, but some of the rapid shifts in consumer behavior are creating opportunities for tech once considered fanciful, like sidewalk delivery robots and eVTOLs (electric vertical and takeoff vehicles). Similarly, Stripe is valued at $115 billion on secondary markets.
Or, more recently, companies like Instacart or Klaviyo that tapped public markets shortly after turning a modest profit. That’s the question we set out to explore, with an eye to gauging investors’ tolerance threshold when waiting for a public company to produce net income. Sure, there are exceptions. Here’s what we found.
Founder and chief executive officer of Swing San Kim told TechCrunch that the startup will use the proceeds to increase its fleet of micromobility and further penetrate the Japanese market. Swing aims to take the market. No one doubted the market potential. Swing currently has more than 50 franchise partners, Kim said. . “No
Fisker has yet to bring a vehicle to market — climate neutral or not — making this an ambitious target. billion, aims to have four vehicles to market by 2025. Foxconn, Fisker’s other major partner for its second, lower-price vehicle dubbed Project PEAR , also has a net-zero emissions goal, but it is set for the middle of the century.
After posting negative gross profit in both of the most recent full-year periods, Bird’s initial model appears to have been defeated by the market. What drove the company’s hugely unprofitable revenues and resulting net losses? Unit economics that were nearly comically destructive.
There was a time when Bird and Lime, competing domestic scooter rental companies, were raising capital at a torrid pace , fighting for market share, regulatory breathing room and sidewalk real estate. It turns out, Lime is basing this projection on EBIT, as opposed to more traditional net income.
at the time of writing, outpacing broader markets gains earlier in the day. . It reported a net loss of $27 million, or $0.12 Its shares, while still trading below its SPAC merger price, were up 16.7% The company posted an operating loss of $19.2 million in the first quarter quarter. million, while R&D ate up another $4.1
If Jeff Bezos walks into a bar with 100 people, suddenly, on average, the net worth of each individual in that bar is over a billion dollars. Focusing on going to market, introducing new features and customizing your product to help land a major client are all proven tactics for driving growth. Is that useful?
Instead, the founders he’s worked with who made video pitches netted two to five times as many investor meetings as people who sent traditional pitch decks. “For China-based companies hoping to list in the United States, the market likely just got much, much colder.” “Ear (1) is our is our first device.
We organize all of the trending information in your field so you don't have to. Join 49,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content