Kirsten Korosec
TechCrunch
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Recent articles by Kirsten:
TuSimple’s self-driving truck network takes shape with Ryder partnership –
TuSimple, the self-driving truck company that went public earlier this year, has partnered with Ryder as part of its plan to build out a freight network that will support its autonomous trucking operations. Under the deal announced this week, Ryder’s fleet maintenance facilities will act as terminals for TuSimple’s freight network. TuSimple’s so-called AFN, or […] → Read More
Argo AI can now offer the public rides in its autonomous vehicles in California –
Argo AI, the autonomous vehicle technology startup backed by Ford and VW, has landed a permit in California that will allow the company to give people free rides in its self-driving vehicles on the state’s public roads. The California Public Utilities Commission issued the so-called Drivered AV pilot permit earlier this month, according to the […] → Read More
Nikola founder Trevor Milton indicted on three counts of fraud –
Trevor Milton, the fast-talking showman founder of Nikola and the electric truck startup’s former CEO and executive chairman, has been charged with three counts of fraud. Milton “engaged in a fraudulent scheme to deceive retail investors” for his own personal benefit, according to the federal indictment unsealed by U.S. Attorney’s Office in Manhattan on Thursday. […] → Read More
Redwood Materials raises $700M to expand its battery recycling operation –
Redwood Materials CEO JB Straubel shared his aspirations last year to turn the startup he co-founded in 2017 into one of the world’s major battery recycling companies. Now, the former Tesla co-founder and CTO has the money to accelerate those plans. Redwood Materials said Wednesday it raised $700 million from high-profile institutional investors and venture […] → Read More
Tesla delays Semi truck to 2022; Cybertruck back-burnered for Model Y –
Tesla CEO Elon Musk has warned about battery supply constraints before and the effect it might have on the Tesla Semi. That warning was apparently warranted. → Read More
Tesla’s quarterly profit surpasses $1 billion –
Tesla reported Monday an eye-popping $1.14 billion in net income in the second quarter, results that blew past analysts expectations and marked the first time the company’s quarterly profit (on a GAAP basis) has passed the three-comma threshold. The results pushed shares up more than 2.2% in after-hours trading. Tesla was able to beat expectations […] → Read More
Polestar to double its retail stores as it seeks to ramp up EV sales –
Polestar plans to launch in nine more markets this year, doubling its global presence as it seeks to sell more of its electric sedans. → Read More
Troubled EV company Lordstown Motors gets $400M lifeline in stock-sale agreement –
Five weeks after Lordstown Motors issued a warning that it might not have enough funds to bring its electric pickup truck to market, a hedge fund managed by investment firm Yorkville Advisors has agreed to buy $400 million worth of shares over a three-year period, according to a regulatory filing posted Monday. The tumult within […] → Read More
Rivian raises another $2.5B, pushing its EV war chest up to $10.5B –
Rivian announced Friday that it has closed a $2.5 billion private funding round led by Amazon’s Climate Pledge Fund, D1 Capital Partners, Ford Motor and funds and accounts advised by T. Rowe Price Associates Inc. Third Point, Fidelity Management and Research Company, Dragoneer Investment Group, and Coatue also participated in the round. “As we near […] → Read More
GM is bringing its upgraded hands-free Super Cruise driving system to six vehicles in 2022 –
GM is rolling out three major upgrades including automatic lanes changes and towing support to its hands-free driver assistance system Super Cruise and making it available in six vehicles, including the 2022 all-new GMC Hummer EV pickup truck. While GM has steadily improved Super Cruise since its introduction in 2017, for years it has been […] → Read More
Rivian is planning a second U.S. factory –
Rivian, the Amazon-backed electric automaker that aims to be the first to bring an EV pickup truck to market, plans to open a second U.S. manufacturing factory, sources told TechCrunch, confirming an earlier report from Reuters. Rivian wouldn’t elaborate on when it planned to build the factory, but did confirm it was in the process […] → Read More
US Secretary of Transportation Pete Buttigieg is coming to Disrupt –
The myriad emerging and longer-term transportation technologies promise to change how people and packages move about the world or within their own neighborhoods. They also present myriad regulatory and policy hurdles that lawmakers, advocates and even investors and industry executives are attempting to navigate. At the center — at least in the United States — […] → Read More
Mercedes-Benz to build eight battery factories in push to become electric-only automaker by 2030 –
Mercedes-Benz laid out Thursday a 40 billion-euro ($47B) plan to become an electric-only automaker by the end of the decade, a target that will push the company to become more vertically integrated, train its workforce and secure the batteries needed to power its products. The company has already taken action, announcing Thursday it acquired UK-based […] → Read More
Uber Freight acquires Transpace for $2.25B –
Uber Freight, the logistics business spun out of Uber in 2018, has acquired Transplace for about $2.25 billion from private equity group TPG Capital. The deal announced Thursday will involve $750 million in Uber stock with the remainder in cash. The acquisition of Transplace marks a ramping up of Uber Freight’s business as it aims […] → Read More
Argo, Ford to launch self-driving vehicles on Lyft’s ride-hailing app –
Autonomous vehicle technology startup Argo AI and its backer and customer Ford plan to launch up to 1,000 self-driving vehicles on Lyft’s ride-hailing network in a number of cities over the next five years starting with Miami and Austin. The first Ford self-driving vehicles, which are equipped with Argo’s autonomous vehicle technology, will become available […] → Read More
Elon Musk: Tesla to open up global charging network to other EVs later this year –
Tesla will allow other electric vehicles to access its global network of chargers later this year, CEO Elon Musk tweeted Tuesday. The comment follows years of chatter by Musk that signaled the company was amenable to the idea. Until now, there has never been any details about how or when the company would open up […] → Read More
Intel’s Mobileye takes its autonomous vehicle testing program to New York City –
Mobileye, a subsidiary of Intel, has expanded its autonomous vehicle testing program to New York City as part of its strategy to develop and deploy the technology. New York City joins a number of other cities including Detroit, Paris, Shanghai and Tokyo where Mobileye has either launched testing or plans to this year. Mobileye launched […] → Read More
ChargePoint to buy European charging software startup for $295M –
ChargePoint struck a deal to buy European charging software company has.to.be for €250 million ($295 million) in cash and stock, the electric vehicle charging network’s first acquisition since it became a publicly traded company. Through the deal, ChargePoint gains more than just 125 employees and the company’s operating software, which manages more than 40,000 networked […] → Read More
Velodyne Lidar CEO resigns in latest internal drama –
Velodyne Lidar CEO Anand Gopalan is leaving the lidar company at the end of July as the sensor supplier continues to struggle with internal drama. Gopalan, who was previously CTO, is leaving the top leadership position after about a year and a half on the job. Velodyne said Monday in a statement that a team […] → Read More
The Station: Aurora SPACs, a spin on the VanMoof X3 and a chat with Outdoorsy founders –
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello and welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Before […] → Read More