Like some of the best consumer tech from the last decade, I didn’t know I needed an e-bike until I was on one, breezing down the bike lane contemplating my newfound freedom. Before buying a Nintendo Switch, I would have never guessed how much a candy-colored gaming console that I could pop out of a…
Like some of the best consumer tech from the last decade, I didn’t know I needed an e-bike until I was on one, breezing down the bike lane contemplating my newfound freedom. Before buying a Nintendo Switch, I would have never guessed how much a candy-colored gaming console that I could pop out of a…
ServiceMax, a company that builds software for the field-service industry, announced yesterday that it will go public via a special purpose acquisition company, or SPAC in a deal valued at $1.4 billion. The transaction comes after ServiceMax was sold to GE for $915 million in 2016, before being spun out in late 2018. The company…
When it comes to M&A in the chip world, the numbers are never small. In 2020, four deals involving chip companies totaled $106 billion led by NVidia snagging ARM for $40 billion. One surprise from last year’s chip-laced M&A frenzy was Intel remaining on the sidelines. That would change if a rumored $30 billion deal…
Digital payments giant Paytm, one of India’s most valuable startups, plans to raise up to $2.2 billion in an initial public offering, it said in draft papers submitted to the country’s market regulator on Friday. The Noida-headquartered firm — backed by Alibaba, Berkshire Hathaway, and SoftBank among others — said (PDF) it will issue new shares…
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello and welcome to Daily Crunch for July 15, 2021. Good news from the TechCrunch front: The agenda is out for our big Disrupt conference coming this September. It’s going to be…
A banner quarter for Xiaomi helped the Chinese mobile company snag the No. 2 spot in global smartphone shipments, according to newly posted Q2 numbers from research firm Canalys. It’s pretty stunning growth for the company, up 83% year-over-year for the quarter and capturing 17% of the global market. The surge puts Xiaomi at No.…
Aurora Innovation, the autonomous vehicle startup that acquired Uber’s self-driving unit in December, is going public via a merger with special purpose acquisition company Reinvent Technology Partners Y. The deal announced Thursday confirms TechCrunch’s reporting in June that the startup was in final talks with the SPAC launched by LinkedIn co-founder and investor Reid Hoffman,…
Indian startup Inshorts, which operates an eponymous news aggregator service, has raised $60 million in a new financing round as its two-year-old bet — launch of a new social media app called Public — continues to impress, the startup confirmed to TechCrunch on Thursday. Vy Capital led the new round in Inshorts, which has raised…
Chevrolet Bolts are back in the news — this time for another consumer alert issued by the National Highway Traffic and Safety Administration, less than a year after the agency issued a recall for a similar issue. NHTSA is recommending owners of Model Year 2017-2019 park their Bolts away from homes due to the risk…
