Gogoro, the Taiwanese electric scooter manufacturer and battery swapping giant, said its CEO and chairman Horace Luke has stepped down amid subsidy fraud allegations, according to a regulatory filing. Gogoro allegedly used Chinese parts for e-scooters to reduce manufacturing costs, despite reporting that it used locally made parts to qualify for government subsidies. In a
Month: September 2024
As EV startup Fisker prepares to enter the fourth month of its Chapter 11 bankruptcy process, existing owners have received some bad news: they will have to pay labor costs to resolve two of the five outstanding recalls on their Ocean SUVs. Fisker broke the bad news Sunday night in an FAQ posted to its
Accounting for the emissions of a global tech empire is not a simple task, and what industry standards we do have for disclosure may allow tech companies to systematically understate their carbon footprint. A Guardian report compares official declarations of carbon emissions, including what amount to offsets purchased elsewhere, with “location-based” emissions, another standard metric
It’s been three years since Life360’s $205 million acquisition of AirTag competitor Tile. The company announced Monday its new lineup of lost-item Bluetooth trackers, featuring a sleeker redesign in new colors — aqua blue, green, navy blue, and pink. The devices now have several new functionalities, such as an integrated SOS feature, an extended Bluetooth
Runway, one of several AI startups developing video-generating tech, today announced an API to allow devs and organizations to build the company’s generative AI models into third-party platforms, apps, and services. Currently in limited access (there’s a waitlist), the Runway API only offers a single model to choose from — Gen-3 Alpha Turbo, a faster
Earlier this year, former NFL quarterback and civil rights activist Colin Kaepernick launched his AI startup, Lumi. Kaepernick has had thousands of stories written about him, and he knows a thing or two about losing control of his narrative. Now with Lumi, he’s trying to help creators take control of their own narratives, offering AI
11xAI, a startup that builds AI bots for process automation, aka automating end-to-end workflows, just raised a fresh $24 million Series A led by Benchmark. It also one of the growing crowd of AI startups relocating its headquarters to San Francisco, Hasan Sukkar, the company’s founder and CEO, told us. It was founded in London.
During last week’s GlowTime event, Apple announced that iOS 18 will include a feature allowing users with mild to moderate hearing loss to use AirPods as hearing aids. But Apple was still waiting on approval from the FDA — approval that was announced just a couple days later. The FDA describing this as the first
Typeface, a generative AI startup focused on enterprise use cases, has acquired a pair of companies just over a year after raising $100 million at a $1 billion valuation. Typeface revealed on Monday that it’s purchased Treat, a company using AI to create personalized photo products, and Narrato, an AI-powered content creation and management platform.
Nick Frosst, the co-founder of $5.5 billion Canadian AI startup Cohere, has been a musician his whole life. He told TechCrunch that once he started singing, he never shut up. That’s still true today. In addition to his full-time job at Cohere, Frosst is also the front man of Good Kid, an indie rock band
Bolt says it has settled its long-standing lawsuit with its investor Activant Capital. One-click payments startup Bolt is settling the suit by buying out the investor’s stake “after which Activant will no longer hold any interest in Bolt,” the company said in a statement. Activant’s suit accused founder and then CEO Ryan Breslow of adding
Alex Parmley has been thinking about building his latest company, ORNG, since he was working on his last company, Phood. Launched in 2018, Phood was a payments app that let students use dining dollars to order food from third-party apps and merchants anywhere in the world. It built the first campus-integrated debit card and worked
Over the last several years, fusion power has gone from the butt of jokes — always a decade away! — to an increasingly tangible and tantalizing technology that has drawn investors off the sidelines. The technology may be challenging to master and expensive to build today, but fusion promises to harness the nuclear reaction that
Netflix has never quite cracked the talk show formula, but maybe it can borrow an existing hit from YouTube. According to Bloomberg, the streamer is in talks with BuzzFeed to create live episodes of the popular YouTube talk show “Hot Ones.” Netflix and BuzzFeed did not immediately respond to TechCrunch’s request for comment. The show
Last year, I had the unfortunate experience of losing all my playlists when I switched from Apple Music to Spotify. To me, playlists are important. They’re snapshots of a time in your life; maybe your summer of 2016 had a certain soundtrack to it. But, traditionally, music streaming services don’t make it easy to take
Martin Casado, a general partner at Andreessen Horowitz, will tackle one of the most pressing issues facing today’s tech world — AI regulation — only at TechCrunch Disrupt 2024, taking place at Moscone West in San Francisco on October 28-30. Casado is a pioneering figure in software-defined networking and is a key player in the
Silicon Valley startup accelerator Y Combinator will expand the number of cohorts it runs each year from two to four starting in 2025, Bloomberg reported Thursday. Y Combinator president Garry Tan told the site that approximately the same number of companies will go through YC each year, despite the change. This means each cohort will
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week once again proved that the startup world isn’t homogeneous when it comes to risk-taking. Let’s have a look. Most interesting startup stories from the week
The rise of neobanks has been fascinating to witness, as a number of companies in recent years have grown from merely challenging traditional banks to being massive players in and of themselves. Dave and Varo Bank are just two examples of such neobanks. Hear Dave co-founder and CEO Jason Wilk and Varo Bank founder and
Indian logistics firm Delhivery has publicly contested the accuracy of metrics presented by competitor Ecom Express in its draft initial public offering prospectus, a rare confrontation in the lead-up to the latter’s market debut. Delhivery, which is backed by SoftBank and already publicly listed, claims that Ecom Express has inaccurately represented Delhivery’s business metrics when
Christina Cacioppo, CEO and co-founder of Vanta, will be on the SaaS Stage at TechCrunch Disrupt 2024 to reveal how Vanta is redefining security and compliance automation and driving innovation through AI. Under her leadership, Vanta has achieved a $2.45 billion valuation in just five years and has scaled rapidly to serve over 8,000 companies,
What could be more frightening than Friday the 13th? How about a realization that AI is in its awkward tween stage? At least, it was for the TC Equity pod crew, which this week included hosts Devin Coldewey and Kirsten Korosec along with TC reporters Tim de Chant and Dominic Madori Davis. AI is often
Following the moves of other tech giants, Spotify announced on Friday it’s introducing in-app parental controls in the form of “managed accounts” for listeners under the age of 13. The new feature will initially be offered as a pilot program for parents or guardians on a Family plan in select markets, including Denmark, New Zealand,
Online sports apparel retailer Fanatics has agreed to settle and drop a lawsuit that it filed against troubled one-click payments provider Bolt in March, according to court documents obtained by TechCrunch. The settlement occurred as Bolt was in the thick of a new gambit to raise a large round of financing, including a “cramdown” threat
We’re out-of-this-world excited to announce that we’ve finalized our dedicated Space Stage at TechCrunch Disrupt 2024. It joins Fintech, SaaS and AI as the other industry-focused stages — all under one big roof. To top it off, we’re thrilled to share we’ll be hosting a pitch competition this year called “The Space Challenge, powered by
Cohost, a would-be X rival launched to the public in June 2022, is shutting down, the company announced via the social network’s staff account earlier this week. The service had operated much like Twitter, offering users the ability to follow others, view posts in a feed, and like and repost content shared by others. However,
Antonio Moraes, the grandson of a late prominent Brazilian billionaire, was never interested in joining the family-owned conglomerate of construction companies and a bank. Shortly after graduating from college, he founded one of Brazil’s first impact funds, which invested primarily in companies that made healthcare more accessible and affordable. But while attending Stanford University, where
Working away on his PhD in Munich only a few years ago, Stephan Herrmann (now a doctor) couldn’t have conceived of a time when his idea for a carbon-negative power plant would attract millions in funding. But now, together with Reverion co-founder Felix Fischer, he has a $100 million backlog of orders for his invention
Vinyls are back in vogue and some people are building their CD collections back up in anticipation that they’ll also be cool again, but the fact remains that most people listen to music today using streaming services. Indeed, just two services, Spotify and Apple Music, took up about 45% of the industry’s market share as
Humanz, a marketing platform for content creators and brands, has entered the U.S. market, the company announced on Thursday. Having launched in Israel in 2017, Humanz has gained strong traction in global markets, including Europe, Latin America, South Africa, and the Middle East. Currently, Humanz works with over 300,000 content creators and has facilitated more
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