Used-car marketplace Vroom nabs $254M to take its growth up a gear

There have been a lot of bumps in the road for startups building used-car marketplaces, but now one of the longer-standing of them has closed a major round of funding — a clear sign of the mileage left in this category. Vroom has raised $254 million, a Series H that it plans to use to […]

GM, LG Chem to invest $2.3 billion in EV battery joint venture

GM chairman and CEO Mary Barra said Thursday morning that the automaker is forming a joint venture with LG Chem to mass produce battery cells for its electric vehicles, a portfolio that will include a new battery-electric truck coming in the fall of 2021. The two companies said they will invest up to a total […]

Omni storage & rentals fails, shutters, sells engineers to Coinbase

$35 million-funded Omni is packing up and shutting down after struggling to make the economics of equipment rentals and physical on-demand storage work out. It’s another victim of a venture capital-subsidized business offering a convenient service at an unsustainable price. The startup fought for a second wind after selling off its physical storage operations to […]

Circ, the Berlin-based e-scooter company, makes layoffs following ‘operational learnings’

Circ, the Berlin-based e-scooter rentals — or so-called micromobility — company founded by Lukasz Gadowski of Delivery Hero fame, has made a number of layoffs, TechCrunch has learned. This has seen a reduction in headcount in its HQ and other regional operations. The exact number isn’t clear, although one source placed it at around 50 […]

Bolt Bikes launches e-bike subscription platform for gig delivery workers in US, UK

Bolt Bikes, the Sydney, Australia-based startup founded in 2017, is taking to the U.S. and U.K. its electric bike platform designed for gig economy delivery workers. The company is expanding on the heels of a $2.5 million seed round led by Maniv Mobility, European e-mobility firm Contrarian Ventures, individual investors and former executives of Uber […]

Lyft deploys 200 long-range EVs for its rideshare rental fleet in Colorado

Lyft is making 200 new long-range EVs available to rideshare drivers as part of its Express Drive program, the company revealed today. Express Drive is a program that Lyft offers to provide rental cars to drivers on its platform as an alternative to options like long-term leasing. Express Drive members get unlimited miles, as well […]

JetPack Aviation raises $2M to build the prototype of its flying motorcycle

Flying cars are fine — but why use a car when you can have a motorcycle instead? YC-backed startup JetPack Aviation wants to answer that question with the world’s first flying motorcycle, a personal aircraft dubbed “The Speeder,” a name that Star Wars fans will surely appreciate. Now, JetPack has raised a seed round of […]

Omio buys Rome2rio to build out its global travel aggregator business

Omio (née GoEuro) has acquired multimodal travel veteran Rome2rio as it works on building out a global travel aggregator business, having taken the decision to zoom out from its home market of Europe earlier this year. Financial details of the transaction are not being disclosed. But Omio raised a $150 million funding round a year […]

Fair, the SoftBank-backed car subscription startup, lays off 40% of staff, sacks CFO

As the market continues to turn against the wave of highly valued venture-backed startups operating with little end in sight to their huge losses — Uber and WeWork being two prime examples — another startup is taking a proactive step to get ahead of the story, by cutting costs and restructuring before public opinion forces […]

Swiftmile will become the ‘gas station’ for electric bikes and scooters in Austin

Anyone who has tried to ride an electric scooter knows the likelihood of finding one with a charged battery is quite low. Swiftmile, which just landed a contract with the city of Austin, supplies cities and private operators with docks equipped to park and charge both scooters and e-bikes. What Swiftmile offers serves as a […]