Kirsten Korosec
TechCrunch
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Recent articles by Kirsten:
How to pick the right Series A investors –
Early-stage startup founders who are embarking on a Series A fundraising round should consider this: their relationship with the members of their board might last longer than the average American marriage. In other words, who invests in a startup matters as much — or more — than the total capital they’re bringing with them. It’s […] → Read More
Cadillac reveals Lyriq, its all-electric SUV flagship loaded with luxury and tech –
GM unveiled Thursday the Cadillac Lyriq, an all-electric crossover dripping in luxury, tech-forward touches and 300 miles of range that aims to propel the brand into a new electrified era. That new era for Cadillac will have to wait though. The company said the Lyriq will go into production in the U.S. in late 2022, […] → Read More
Uber’s delivery business is now larger than ride-hailing –
Uber reported its second-quarter earnings Thursday and buried in the blizzard of less-than-rosy numbers is a stunning figure that illustrates how much the company has changed during the COVID-19 pandemic. Uber’s delivery business — better known as Uber Eats — is now bigger than its original and core ride-hailing division, based on adjusted net revenue. […] → Read More
Uber shares drop 4% after it loses more money than expected in Q2 –
Today after the bell, American ride-hailing giant Uber released its second quarter results. The company’s revenue fell compared to both the year-ago quarter (Q2 2019), and the sequentially-preceding period (Q1 2020). Investors had anticipated Uber’s declines due to COVID-19, and the company had spent time earlier this year assuring the investing public that it had […] → Read More
Unagi, the iPhone of scooters, now has a subscription service –
Unagi, the portable and design-forward electric scooter company that made a splash with celebs and pop stars, has launched a subscription service. The service, called Unagi All-Access, will be offered in New York City and Los Angeles. The company said it plans to expand to additional markets as it gathers customer feedback and refines the […] → Read More
Jump bikes are now on the Lime app and heading to more cities –
Three months ago, Jump’s bright red bikes and scooters had disappeared from city streets after Uber unloaded the micromobility company to Lime as part of a complex $170 million fundraising round. When the Jump bikes were finally spotted it was in a recycling yard, where more than 20,000 of them laid in piles, awaiting their […] → Read More
ChargePoint raises $127M as electric vehicle adoption grows among fleet operators –
Electric vehicle charging network ChargePoint raised $127 million in funding in a bid to expand its platform for businesses and fleets in North America and Europe. A mix of existing investors from the oil and gas, utilities and venture industries added to the round, including American Electric Power, Chevron Technology Ventures, Clearvision and Quantum Energy Partners. […] → Read More
Anthony Levandowski sentenced to 18 months in prison, as new $4B lawsuit against Uber is filed –
Anthony Levandowski, the former Google engineer and serial entrepreneur who was at the center of a lawsuit between Uber and Waymo, has been sentenced to 18 months on one count of stealing trade secrets. Levandowski won’t be heading straight to prison, however. Judge William Alsup postponed his incarceration due to the COVID-19 pandemic. He will […] → Read More
Ford names Jim Farley as new CEO, Jim Hackett to retire –
Ford Motor CEO Jim Hackett is retiring, leaving the company three years after being tapped to transform the automaker into a leaner, more competitive and profitable company while investing in technology and shifting towards electrification, automation and connectivity. Jim Farley, who many believed was being groomed for the position, has been named president and CEO. […] → Read More
Lordstown Motors becomes latest EV automaker to use a SPAC to go public –
Lordstown Motors, the one-year-old Ohio electric automaker that revealed a pickup truck prototype in June, has reached a deal to merge with special-purpose acquisition company DiamondPeak Holdings Corp, with a market value of $1.6 billion. The agreement marks the latest company — and electric automaker — to become a publicly traded company through a merger […] → Read More
The Station: ADA turns 30, Panasonic’s new battery tech and delivery (data) woes –
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every Saturday in your inbox. Hello and welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. Before […] → Read More
How one moonshot VC approaches investing in the COVID-19 era –
"If you only draw upon 20% of the population for that talent, you're missing out on people who are going to create these watershed things that do have a different perspective." → Read More
Ford Bronco reservations surpass 150,000 –
The reception to Bronco 2021 — Ford’s flagship series of 4×4 vehicles that were revealed earlier this month — surpassed expectations of the company’s most optimistic initial projections, CEO Jim Hackett said in an earnings call Thursday. More than 150,000 customers have plunked down $100 to reserve a spot to order one of the vehicles, […] → Read More
Self-driving startup Argo AI hits $7.5 billion valuation –
Autonomous vehicle technology startup Argo AI is valued at $7.5 billion, just a little more than three years after the company burst on the scene with a $1 billion investment from Ford. The official valuation was confirmed Thursday nearly two months after VW Group finalized its $2.6 billion investment in Argo AI. Under that deal, […] → Read More
Lyft expands its rental business with Sixt partnership –
Lyft continues to expand beyond its core ride-hailing business into bikes, scooters, transit and now rental cars. The company said Thursday that it’s taking Lyft Rentals, a pilot program that launched in December, and expanding it through a partnership with Sixt. Lyft Rentals initially gave folks in Los Angeles and San Francisco the ability to […] → Read More
America’s cheapest electric vehicles are coming courtesy of Chinese automaker Kandi –
Chinese electric vehicle and parts manufacturer Kandi Technologies Group is officially bringing two EVs to the United States through its subsidiary Kandi America — news that has prompted run up in its share price in the past day. Kandi shares opened at $3.88 a share on Wednesday, jumping to $16.51 today. Shares have now settled […] → Read More
Panasonic boosts energy density, trims cobalt in new 2170 battery cell for Tesla –
Panasonic has developed new battery technology for the ‘2170’ lithium-ion cells it produces and supplies to Tesla, a change that improves energy density by 5% and reduces costly cobalt content. The new, higher-energy dense 2170 cells will be produced by Panasonic at Tesla’s factory in Sparks, Nevada, the company said Thursday. Panasonic is upgrading its […] → Read More
GM starts construction on the cornerstone of its EV strategy –
Steel construction has begun on the nearly 3-million-square-foot factory that will mass produce Ultium battery packs, the cornerstone of General Motors’ strategy to bring 20 electric vehicles to market by 2023. The Ultium Cells LLC battery cell manufacturing facility in Lordstown, Ohio is part of a joint venture between GM and LG Chem that was […] → Read More
Lucid Motors’ all-electric Air will have 32 sensors, including lidar, to support hands-free highway driving –
Lucid Motors is loading up its first electric vehicle with hardware — dozens of sensors, a driver monitoring system and an Ethernet-based architecture — for an advanced driver assistance system that aims to match and even surpass its rivals. There will be 32 sensors in all, according to Lucid, which has branded its advanced driver […] → Read More
BMW to sell all-electric versions of its 5 Series sedan and X1 SUV –
BMW said it will offer the all-electric versions of X1 compact SUV and the 5 Series as part of the German automaker’s plans to have 25 electrified models in its portfolio by 2023. BMW didn’t say exactly when an all-electric X1 or 5 Series might be available (TechCrunch reached out and will update if we […] → Read More