 Hey Insiders! We have a brand new LIVE INTERVIEW SERIES premiering on Jan. 4, 2022. Allow us to introduce Venturing In VC, hosted by Inside.com's Landon Campbell. Join Landon as he interviews influential venture capitalists about their routines, journeys, and lessons learned along the way. Catch a sneak preview and don't miss a live interview. Sign up today: https://live.inside.com/vivc | | Nicolas | | | |
Uber announced the expansion of Connect same-day deliveries to more than 6,000 cities in the U.S. The service, originally launched in April 2020, has seen a 200% increase in delivery trips since January of this year. More: - Uber Connect is designed for light cargo deliveries, under 30 pounds and below $100 in value, between individual users or small businesses.
- Uber expanded its drop-off and pick-up options for the service to meet-at-the-door. It previously had meet-at-the-curbside as the sole option for Connect.
- The company had previously experimented with same-day delivery, through Uber Rush between 2014 and 2018 in Chicago, Manhattan, and San Francisco. Uber had also opened its Rush API for businesses in those three cities.
Note: Inside.com's founder and CEO, Jason Calacanis, is an investor in Uber. | |
Electric vehicle company Canoo announced it has ended its partnership with manufacturer VDL Nedcar in the Netherlands, as it plans to shift production to the U.S. VDL Nedcar will return Canoo's pre-payment of $30.4M, while its parent company will invest $8.4M in the EV startup's stock. More: - Canoo had previously announced its new headquarters and an advanced manufacturing facility in Bentonville, Arkansas. The EV company is also building a factory in Oklahoma, where the state committed $300M in non-dilutive financial incentives for its facility.
- Canoo expects to produce between 3,000 to 6,000 units in 2022, up from its previous goal of 500 to 1,000 vehicles. In 2023, it aims to produce between 14,000 to 17,000, and in 2024, between 40,000 and 50,000 units.
| |
A message from SEEDINVEST The next era of fundraising online is here SeedInvest is where high-growth startups go to fundraise online. From a Seed round to a $20M+ Series B, founders in SaaS, consumer, robotics, and more are harnessing the power of equity crowdfunding to take their company to the next level. Here’s what 250+ successfully funded companies know about SeedInvest: - Equity crowdfunding is complementary to traditional VC - SeedInvest companies have received follow-on funding from Greycroft, Menlo Ventures, Tiger Global, and more.
- Your fundraise can be a major growth catalyst - We’ve seen measurable lifts in sales, signups, and press mentions from the moment some companies launch their fundraise.
- You can raise real capital from real people - No longer just for small deals, the average SeedInvest fundraise last year was $3M+.
Ready to begin fundraising? 💸💻 Start your application | |
Mobileye announced it has received a permit to operate autonomous ride-hailing in Paris in collaboration with state-owned public transport operator RATP. Passengers would be able to request rides via the Moovit app. More: - Mobileye aims for the initial operations to provide customer awareness and gather insights on the rider experience.
- The pilot program is initially open four days a week to employees of Galeries Lafayette Paris Haussmann, with a maximum of two passengers per ride. A Mobileye safety driver would be on board, in addition to a RATP employee.
Zoom Out: - Mobileye and car rental company Sixt SE are planning to operate robotaxis in Munich in 2023.
- Earlier this month, Mobileye's parent company, Intel, announced its plans to list the unit on the Nasdaq. The IPO is expected in mid-2022.
| |
India-based Ola Electric began delivering its new S1 electric scooter model, which has a maximum speed of 70 mph. The S1 has a range of approximately 112 miles and can go from 0 to ~25 mph in 3 seconds. More: - The first shipments of the S1 are being delivered locally. Ola is targeting U.S. expansion by early 2022.
- The scooters were built at Ola's FutureFactory, which has a maximum production capacity of 2 million scooters per year. The company aims to expand the capacity to 10 million vehicles per year.
- Ola Electric recently completed its Series C, which includes $200M from SoftBank and Falcon Edge Capital, and $53M led by Temasek Holdings.
| |
A message from ALEGION Automated Data Labeling in Machine Learning: Fact or Fiction Data labeling for training data in AI or machine learning can be a time-consuming process. Data scientists want to automate the data labeling process as much as possible. There are a lot of theories on how automated the process can be. However, an overly automated labeling process can result in inference and localization errors that are far more expensive and inefficient to correct after the fact. Industry experts weigh in on how much automation is realistic. Read More | |
Ford announced the launch of Pro Charging — hardware, software, and equipment for commercial fleets of electric vehicles. The automaker expects over 300,000 electric trucks and vans in the commercial and government sectors by 2030. More: - The Pro Charging software is designed for remote fleet monitoring, management, and relay of the charging rate, including time and service alerts.
- Ford has approximately 125,000 commercial fleet customers in the U.S.
- The automaker currently has 70,000 public charging ports and approximately 3,200 DC fast-charging stations with 7,300 plugs.
- Ford stock was up 0.74% for the day on Thursday afternoon.
| |
Congestion has driven import volumes at the Port of Los Angeles to decrease 13.2% YoY and 14% from October. Despite the slowdown, the port's executive director, Gene Seroka, believes it is on track for 5.5 million TEUs for the year, 13% from the 2018 peak. More: - Combined imports to the ports at Los Angeles and Long Beach comprised 765,963 TEUs for November, a 10% decrease from October and November 2020 levels.
- Ships with 745,305 TEUs were waiting to dock in Los Angeles and Long Beach at the end of November, 17% more than the beginning of that month.
- There are currently 71,000 empty containers awaiting clearance at the Port of Los Angeles terminals and near-dock depots, up from 65,000 a month ago.
| |
Quick Hits: - Rivian is reportedly building a $5B manufacturing plant in Georgia, which would be the largest in the state.
- Via shut down its ride-hailing operations as it prioritizes its public transportation services.
- A boring tunnel machine has been unveiled for Virginia's HRBT Expansion Project.
- Flytrex has received FAA approval to expand its drone cargo delivery zone in North Carolina, adding 10,000 households to its operating area.
- Skoda extended its factory workers' holidays, as the automaker struggles with supply disruptions.
| |
Upcoming events at Inside: - December 21 - Growth in Crypto Security with AJ Yawn (ByteChek) (Register Here)
- January 04 - Venturing in VC with Landon Campbell (Episode #1) (Register Here)
- January 06 - Augmented and Virtual Reality with Timoni West (VP of AR/VR at Unity) (Register Here)
- January 11 - The Business of Interactive Gambling with Jon Kaplowitz (Penn) (Register Here)
- January 25 - Need To Know NoCoder - Leon Young (Cogniss) (Register Here)
- January 27 - Understanding the Metaverse (Register Here)
- February 03 - Blockchain Gaming & Play-to-Earn Economies (Register Here)
- February 10 - The Business of Wellness (Register Here)
- February 17 - Customer Acquisition in a post iOS 14 world (Register Here)
- February 24 - Alternative Investments (Register Here)
- March 03 - The $12B Appetite for Amazon Aggregators (Register Here)
| |
| | Written and curated by Nicolas Saravia, an avid map maker and data nerd. Nicolas has worked in the shared-scooter space, as well as advised e-bike and moped start-ups. | | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
SeedInvest is the online fundraising platform designed for growth-obsessed startups. Raise from our network of 575,000+ investors. | |
Alegion is helping corporations understand data, and label automation for machine learning - See how | |
Comments
Post a Comment