Topics
Latest
AI
Amazon
Image Credits:Nuro
Apps
Biotech & Health
Climate
Image Credits:Nuro
Cloud Computing
DoC
Crypto
Image Credits:Bryce Durbin
enterprisingness
EVs
Fintech
Image Credits:Bryce Durbin
Fundraising
gadget
game
Image Credits:Bryce Durbin
Government & Policy
computer hardware
layoff
Media & Entertainment
Meta
Microsoft
privateness
Robotics
Security
Social
Space
Startups
TikTok
conveyance
Venture
More from TechCrunch
Events
Startup Battlefield
StrictlyVC
Podcasts
Videos
Partner Content
TechCrunch Brand Studio
Crunchboard
touch Us
receive back toTechCrunch Mobility — your central hub for news and brainstorm on the futurity of transportation . Sign up here for free — just clickTechCrunch Mobility !
The transportation beat just keeps on truckin ’ — or scooting along , depending on your preferred vehicle and amphetamine . And this calendar week , our coverage ran the gamut from Amazon ’s previous pilot and two cyberattacks to a Cybertruck wayside attraction and several startups landing investments from VCs . countenance ’s go !
A little bird
Little skirt are continuing to give us updates onFluid Truck , the startup founded to disrupt the commercial-grade fomite rental industry . You might recall last month Rebecca Bellan indite about the dramaticbehind - the - prospect fightover the companionship between ousted sibling co - founder James Eberhard and Jenifer Snyder and two nonage investor on the display panel .
It seems there is a brisk complaint against the company for rift of contract , Bellan recently key out after peruse new homage filing .
California company ServiceUp is allege that Fluid Truck owe it close to $ 100,000 , with interest accruing daily , after the company sent 150 invoices between January and July 2024 for arranging fomite repairs . ServiceUp says Fluid ’s alleged breach of contract and refusal to pay has get its own occupation to find costs and disbursal related to the inspection and repair it performed under its agreement .
Got a point for us ? Email Kirsten Korosec atkirsten.korosec@techcrunch.com , Sean O’Kane atsean.okane@techcrunch.comor Rebecca Bellan atrebecca.bellan@techcrunch.com . Or check outthese instructionsto learn how to touch us via encrypted message apps or SecureDrop .
Deals!
I thought the galvanising two - Sir Robert Eric Mortimer Wheeler securities industry in India had top out . I was ill-timed .
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
Ather Energy , an Indian galvanising ice yacht manufacturer that contend with of late listed rival Ola Electric , plans toraise about $ 530 millionin its initial public offering .
The Bengaluru - based inauguration is targeting a rating of $ 1.5 billion to $ 2 billion , people conversant with the matter told TechCrunch . The company said it will sell new portion worth $ 370 million in the initial public offering and up to 22 million part from existing investors .
India ’s electrical fomite mart — largely made of two - wheelers — has been white - hot thanks to a compounding of rising fuel prices and government incentives aimed at reducing tailpipe discharge . Still , the road is n’t precisely tranquil for Ather or others grappling for mart plowshare . contest abounds !
A couple of other noteworthy deals …
Cowboy , the Brussels - free-base company that designs and sell electric wheel , closed a small , strategic funding round of € 5 million(around $ 5.5 million at current substitution rates ) . That includes € 1 million in debt facility . Cypress Capital led the round .
Dongchedi , the railroad car info and trading app under TikTok parent company ByteDance , is raising as much as $ 600 million , Bloomberg reported . Joint investors include General Atlantic , HongShan , KKR & Co. , and Gaorong Ventures .
Forterra , an sovereign vehicle developer formerly known as Robotic Research Autonomous Industries , set up $ 75 millionin a Series B funding round led by Moore Strategic Ventures , XYZ Venture Capital , and Hedosophia Venture Capital . New investor Standard Investments , along with be backers Crescent Cove Advisors , Enlightenment Capital , and Four More Capital , also participate .
Specter , the Belgian producer of einsteinium - bikes with powerful motor , put forward € 2 million($2.2 million ) in a round result by Fundracer Capital .
Teslahas discuss share revenue with another of Elon Musk ’s companies , AI inauguration xAI , in exchange for use of the inauguration ’s AI mannikin , theWSJ reported . Musk hasdisputed the reportand said Tesla does n’t need to certify xAI model .
Thunder Power Holdings , an EV inauguration that went public on the Nasdaq exchange in June through a SPAC , is now trying toraise up to $ 100 millionmore through a part cut-rate sale deal . That ’s not the eye - pop part . The fundraising effort is happening even as CEO Wellen Sham has been indict by the Taiwanese government on 11 criminal complaint .
Spare , a Vancouver - free-base inauguration that develop a software - as - a - overhaul product to help cities better service disabled resident physician , raised $ 30 million(CA$42 million ) in a Series B turn led by Inovia Capital , with participation from Kensington Capital and Nicola Wealth .
Notable reads and other tidbits
Nurois pivoting . The inauguration , which has raise more than $ 2 billion , is prompt away from its on - road autonomous obstetrical delivery bot and will instead endeavor to license its core self-reliant vehicle tech to automakers and mobility providers like ride - hail and manner of speaking companies . That means the Nuro R3 bot , which BYD was hypothesise to make , is dead . It also put Nuro in direct competition with Mobileye and the buzzy inauguration Wayve .
Amazonis experimenting with a saving divine service that combineselectric route and railing rapture .
Amber , the EV warrant startup founded last year , isstarting to scale . The company is take its aftermarket guarantee product for Tesla vehicle to 47 states and roll out a new remote diagnostic scan peter name as “ telehealth for electron volt . ”
Lucid Motorssaid its upcoming fomite — dubbed Gravity — will have Tesla ’s North American Charging Standard ( NACS)built the right way in , making an arranger unnecessary .
A disabledTesla Cybertruckbecame afleeting tourist destinationin Seattle .
Cariad , the VW software program social unit , is in problem . Or I should state , in more worry than usual . The Financial Times has a great report digging into thechaos at Cariadbefore and after a software - focused joint venture deal was struck between EV startup Rivian and Cariad parent company VW Group . One personal credit line detail that made me heave : Since launching Cariad four years ago , VW has invested almost 12 billion euros ( $ 13.2 billion ) into build in - sign railway car software .
Avissaid K of railcar letting customers hadpersonal data stolenin a cyberattack .
raptus for London(TfL ) , the government body that runs the U.K. capital ’s transit system of rules , is still dealing with acyberattack . Although the transit system remains useable and insensible by the cyber incident , some TfL on-line and digital client services remain offline .
This week’s wheels
What is “ This workweek ’s wheels ” ? It ’s a luck to learn about the unlike transfer products we ’re testing , whether it ’s an electric or intercrossed car , an e - bike , or even a drive in an autonomous fomite . Future fomite include some e - bikes and theGMC Sierra EV .
