Craft Aerospace’s novel take on VTOL aircraft could upend local air travel

Air taxis may still be pie in the sky, but there’s more than one way to move the air travel industry forward. Craft Aerospace aims to do so with a totally new vertical-takeoff and landing aircraft that it believes could make city-to-city hops simpler, faster, cheaper, and greener. The aircraft — which to be clear […]

Automakers have battery anxiety, so they’re taking control of the supply

‘The batteries don’t show up, you’re bankrupt, you’re dead’ Rebecca Bellan 1 day Battery joint ventures have become the hot must-have deal for automakers that have set ambitious targets to deliver millions of electric vehicles in the next few years. It’s no longer just about securing a supply of cells. The string of partnerships and […]

Extra Crunch roundup: Finding GTM, China’s edtech clampdown and how to define growth

Early-stage startups tend to claim that their go-to-market strategy is fully operational. In reality, GTM is a stark numbers game, and even with a solid plan in place, it can be easily foiled by common problems like turf battles and poor communication. Finding GTM fit is a milestone for any startup that includes everything from […]

Outdoorsy co-founders detail how they expanded the sharing economy to RVs

‘We’ve opened up a channel for travel consumers never knew they could have before.’ Rebecca Bellan 8 hours Jen Young and Jeff Cavins were sitting in a beige conference room at a downtown Vancouver hotel, wasting away under fluorescent lights, an endless PowerPoint and a pair of sad Styrofoam cups of coffee between them. Young […]

Revel turns to software to keep its e-moped fleet powered without straining NYC’s grid

Revel is turning to an app that gamifies energy use to keep its fleet of more than 3,000 electric mopeds charged without putting a strain on New York City’s power grid. Electricity is the key ingredient for the Brooklyn-based startup, which has more recently expanded beyond shared electric mopeds and into e-bike subscriptions, fast-charging infrastructure […]

Lacuna raises $16 million in Series A to help cities manage mobility via digital twin

Lacuna Technologies, a startup that helps cities create and enforce transportation policies by building and managing open-source digital tools, has raised $16 million in a Series A round, bringing the company’s total investment to $33.5 million. Since the startup was founded in 2018, Lacuna has invested in helping cities like Los Angeles, Seattle and Miami […]

Department of Justice opens investigation into EV startup Lordstown Motors

Lordstown Motors continues to stumble. The beleaguered electric vehicle startup is now being investigated by the Department of Justice, in addition to an ongoing investigation by the Securities and Exchange Commission. The investigation, first broke by the Wall Street Journal on Friday, is still in its early stages, according to unnamed sources. It is being […]

Rocket startup Gilmour Space raises $46M Series C to take its small launch vehicle to orbit

Australian rocket launch startup Gilmour Space Technologies is betting that bigger isn’t always better. The company has developed a small launch vehicle it calls Eris, a 25-meter (82 foot) rocket that can deliver a payload of up to 215 kilograms (474 pounds) to sun synchronous orbit. Now, it’s raised a $61 million AUD ($46 million […]

Why is Didi worth so much less than Uber?

Years ago, U.S. ride-hailing giant Uber and its Chinese rival Didi were locked in an expensive rivalry in the Asian nation. After a financially bruising competition, Uber sold its China-based business to Didi, focusing instead on other markets. The two companies are coming head-to-head again, however, as Didi looks to list in the United States. […]