Just Insure, a pay-per-mile insurance technology company, has raised $8 million in a funding round. CrossCut Ventures, ManchesterStory and Western Technology Investments co-led the investment, which brings its total raised to $15.3 million since its January 2019 inception. Los Angeles-based Just says it uses telematics “to reward safe drivers and reduce insurer bias” by looking […]
Uber adjusts third-quarter forecast in light of increased gross bookings
Uber said Tuesday that it could hit one measure of profitability in the third quarter, earlier than expected as the ride-hailing company saw gains in its delivery and mobility businesses. The ride-hailing service told regulators in a filing this morning that it anticipated an increase in gross bookings and stronger adjusted EBITDA in the quarter […]
Battery Resourcers raises $70M to grow closed-loop battery supply chain
Battery Resourcers, a startup that’s developing a closed-loop approach to lithium-ion battery materials, has closed $70 million in mid-round funding to scale its commercial operations across two continents. The company, which is based in Worcester, Massachusetts, doesn’t just recycle batteries. It’s also engineered a process to turn that recycled material back into critical battery materials […]
Blue Bear Capital raises $150M to fund climate, energy and infrastructure tech
Blue Bear Capital has raised a new $150 million fund that will be used to find and invest in startups developing technology aimed at speeding up the adoption and industrialization of renewable energy. This is the venture firm’s second fund, which it says is oversubscribed. Blue Bear has already backed nine new companies since 2020. […]
MIT study finds Tesla drivers become inattentive when Autopilot is activated
By the end of this week, potentially thousands of Tesla owners will be testing out the automaker’s newest version of its “Full Self-Driving” beta software, version 10.0.1, on public roads, even as regulators and federal officials investigate the safety of the system after a few high-profile crashes. A new study from the Massachusetts Institute of […]
The Station: Gogoro scoots into a SPAC, a Rivian milestone and Tesla prepares to unleash FSD beta software
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 readers: 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. The […]
Eli EVs begins production, European rollout of Eli ZERO, a compact two-seater
Eli Electric Vehicles, an early stage compact EV manufacturer, announced the start of production on its flagship Eli Zero, a micro “neighborhood electric vehicle” that is built for city commuting. The company plans to roll out small batches of the two-seater EV to distributors across 13 European countries over the next few months with a […]
India’s Cars24, a used-vehicle sales platform, raises $450M at a $1.84B valuation
The used car market is getting another major infusion of venture capital today, with one of the faster scaling startups out of India picking up a major round of financing to double down on growth: Cars24 — a site and app that sells users cars and used two-wheeled motorbikes — has raised $450 million, a […]
How to meet the demand of EV infrastructure and maintain a stable grid
A combination of a new blueprint for managing energy on the grid plus behavior change is needed.
Paris is taking space back from cars. Here’s how.
The Liberation of Paris From Cars Is Working – “The French capital is quickly cutting automobiles out of daily life. David Belliard is the deputy mayor behind it.”[1,2] (previously) Over the past six years, Paris has done more than almost any city in t…