EVage raises $28M to be a driving force in India’s commercial EV revolution

A congruence of factors in India — notably, climate change policies, fuel costs and skyrocketing demand for e-commerce — has set up ideal conditions for startups like all-electric commercial vehicle startup EVage. The startup, which has already supplied five EV trucks to Amazon India’s Delivery Service Partner and plans to provide “in the thousands” more […]

Nuro’s newest autonomous delivery bot is designed for the masses

Nuro showed off Wednesday one of the final pieces of its commercial autonomous delivery strategy. The startup, which has raised more than $2.13 billion since former Google engineers Dave Ferguson and Jiajun Zhu founded the company in June 2016, unveiled a third-generation electric autonomous delivery vehicle designed for commercial operations and manufactured in partnership with […]

Lime’s new e-bike has a swappable battery that also works with its scooters

Lime is finally making good on its promise to deliver its Gen4 e-bike to the streets after first announcing plans to introduce the new hardware last March. The new bikes will have a swappable battery that’s interchangeable with Lime’s latest generation of e-scooters. The micromobility operator launched Wednesday 250 of its new bikes in Washington, […]

Magna acquires tech, hires engineers of autonomous vehicle startup Optimus Ride

Magna has acquired the technology, IP and assets of Optimus Ride, a startup based in Boston that was trying to commercialize electric autonomous shuttles. As part of the deal announced Tuesday, Magna has hired more than 120 employees of Optimus Ride. The financial terms of the agreement were not disclosed, Optimus Ride CEO Sean Harrington […]

AmazeVR gets another $15M to forge the future of immersive concerts 

AmazeVR, a virtual reality concert platform that enables users to experience their favorite artists’ VR concerts through content generation tools, announced today it has secured $15 million, which was oversubscribed within three weeks.  Partners Investment and Murex Partners co-led the new funding, with participation from Smilegate Investment, Quantum Ventures Korea, ABC Partners, Everrich Group, GS […]

Korean car-sharing startup SOCAR has filed for an IPO   

SOCAR, a south Korean car-sharing startup, has filed for an initial public offering, announced on Wednesday by Korea Exchange. The details – the number of shares to be offered in the IPO and the price range – have not yet been determined, said a spokesperson at SOCAR.  SOCAR has reached approximately $834 billion (1 trillion […]

ianacare picks up $12.1M to fundamentally change the family caregiver experience

There are more than 54 million family caregivers in the United States. Working family caregivers spend an average of 25 hours a week caring for their loved ones on top of their full-time jobs, and ultimately, the current lack of support and resources drives 32% of them to leave their job to care full time.  Jessica Kim, chief executive […]

AngelList just closed a $25M fund to back startups based on hiring velocity

Over the past year, AngelList has grown from a platform that connects angel investors with startups to an end-to-end suite of tools, working on everything from fund operations to founder cap table management. Throughout this growth, the company has quietly amassed millions of data points that show appetite, both from investors and regular employees, for […]

Patreon CPO says the company will double in size in 2022

Creator monetization startups are cropping up left and right as the tech world embraces the fast-growing creator economy. But Patreon, founded in 2013, has been around since before words like “influencer” were in our vocabulary — back when “Tik Tok” was a Kesha song, rather than the social platform that everyone is trying to emulate. […]