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Transportation weekly: Nuro dreams of autonomous lattes, what is a metamaterial, Volvo takes the wheel

sudshr47 March 24, 2019

Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. We love the reader feedback. Keep it coming. Never heard of TechCrunch’s Transportation Weekly? Read the first edition here. As I’ve written before, consider this a soft launch. Follow me on Twitter @kirstenkorosec to ensure you see it each week. […]

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Startups Weekly: A much-needed unicorn IPO update

sudshr47 March 23, 2019 Startups

In this week’s newsletter: Details on Pinterest, Lyft, Uber and Zoom’s upcoming IPOs, plus Glossier and Rent The Runway’s big rounds.

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Yandex inks deal with Hyundai to build self-driving car tech for its Mobis OEM division

sudshr47 March 19, 2019

On the heels of becoming the latest investor in Ola, today Hyundai announced another key deal to further its ambitions in next-generation automotive services. Yandex, the Russian search giant that has been working on self-driving car technology, has inked a partnership with Hyundai to develop software and hardware for autonomous car systems. This is Yandex’s […]

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Ola raises $300M as part of a new electric vehicle partnership with Hyundai and Kia

sudshr47 March 19, 2019

Ride-hailing platform Ola announced today that it has raised $300 million from Hyundai and Kia as part of a strategic partnership focused on electric vehicle development. This brings the company’s total raised to $3.8 billion according to Crunchbase. Ola’s last funding was announced just three weeks ago, when the company said it had raised $56 […]

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Grab confirms $1.46B investment from SoftBank’s Vision Fund

sudshr47 March 6, 2019

Grab has become the newest addition to the SoftBank Vision Fund after it announced today that it has pulled in a $1.46 billion investment from the super fund. Grab said the new money will be used to further its super app strategy, which is aimed at making its service a daily app for Southeast Asian […]

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Hyundai’s four-legged rescue vehicle is peak CES

sudshr47 January 8, 2019

Hyundai executives at CES Monday talked about future autonomous cars, connected devices, “cars as a living space,” and more, but everyone just wanted to see the model of the funky walking robot-car that was silently crouched on the stage.
When it fin…

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Payment service Toss becomes Korea’s newest unicorn after raising $80M

sudshr47 December 10, 2018

South Korea has got its third unicorn startup after Viva Republica, the company beyond popular payment app Toss, announced it has raised an $80 million round at a valuation of $1.2 billion. This new round is led by U.S. firms Kleiner Perkins and Ribbit Capital, both of which cut their first checks for Korea with this […]

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India’s Drivezy raises $20M for its on-demand vehicle rental service

sudshr47 November 28, 2018

It’s been a year for on-demand services in India. Drivezy today became the latest to refuel after it raised a $20 million Series B. The round was led by existing investor Das Capital, with participation from automotive giant Yamaha, Axan Partners and IT-Farm. The deal takes Drivezy, which was formerly known as JustRide, to $31 million raised to date. In addition, […]

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Grab lands $50M from Thailand’s Kasikorn Bank to further its fintech push

sudshr47 November 8, 2018

Southeast Asia ride-hailing firm Grab is continuing to add strategic investors to its ongoing Series H round — which is targeted at over $3 billion — after it revealed Thai bank Kasikorn put in $50 million as part of a strategic partnership to advance its financial services strategy. Kasikorn joins Hyundai ($250 million), Microsoft (undisclosed) […]

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Hyundai leads $14.3M investment in Indian car rental startup Revv

sudshr47 August 23, 2018

Korean automaker Hyundai is jumping into India’s on-demand mobility space after it led a $14.3 million investment in car-rental startup Revv. Hyundai, which is the second largest seller of cars in India, initially announced an undisclosed investment in Revv this week, but now the startup has confirmed that the capital is part of a larger 100 […]

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Hyundai teams up with Amazon to offer virtual showroom

sudshr47 July 18, 2018

Next time you’re grabbing a new charging cord on Amazon, you might be tempted to grab a new Hyundai as well. Hyundai announced today a partnership with Amazon to create a digital showroom to allow customers to compare pricing and reviews, book a test drive and find a dealer in their area to purchase the […]

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The well-funded startups driven to own the autonomous vehicle stack

sudshr47 May 27, 2018 Startups

At some point in the future, while riding along in a car, a kid may ask their parent about a distant time in the past when people used steering wheels and pedals to control an automobile. Of course, the full realization of the “auto” part of the word — in the form of fully autonomous automobiles — is a long way off, but there are nonetheless companies trying to build that future today.