Kenyan automotive marketplace Peach Cars is announcing its $5 million seed round led by Japan-based The University of Tokyo Edge Capital Partners (UTEC) and other angel investors, including Shintaro Yamada (founder and CEO of Mercari), Peter Kenevan (VP, Head of Japan at PayPal), and Hiroaki Ohta (general partner at Japan’s Waseda University Ventures). The startup, […]
Peach Cars, a Kenyan used-car marketplace, raises $5M in seed investment by Tage Kene-Okafor originally published on TechCrunch
According to a new study from Sista and the Boston Consulting Group, women are still underrepresented in the European tech ecosystem. Only 22% of startups created in 2022 included a woman in the founding team. And when you look at women-only founding team, that number drops to 10%. That means that, yes, 78% of European […]
European startups still have a long way to go to achieve gender parity by Romain Dillet originally published on TechCrunch
A Chinese electric vehicle brand that’s rarely spotted in the U.S. is quickly catching up to Tesla’s dominance of the global EV market. BYD, which started in Shenzhen 28 years ago, delivered 547,917 passenger EVs, including hybrids, a category it’s known for, in the first quarter of 2023. The tally surpassed that of Tesla, which […]
BYD is overtaking Tesla, but its EV dream skips the US for now by Rita Liao originally published on TechCrunch
One out of three tech jobs globally are filled by necessary skilled labor, and according to the World Economic Forum (WEF), this is one of the biggest concerns of global business leaders. Over 50% of the organizations that these leaders manage, in a survey, say they have lost competitive advantage due to talent shortages. The […]
An investor, an operator, and their plan to upskill Africa’s workforce by Tage Kene-Okafor originally published on TechCrunch
BrightDrop, the electric delivery van subsidiary of General Motors, has made its first delivery outside of the U.S. The company delivered 50 BrightDrop Zevo 600 electric vans to FedEx Express Canada on Wednesday, part of a larger order of 2,500 Zevo EVs. The introduction of BrightDrop’s vans is in line with FedEx’s goal to shift […]
GM’s BrightDrop makes first commercial EVs delivery outside US by Rebecca Bellan originally published on TechCrunch
TrueCar, a platform where people can research new and used car prices and find local dealer savings, is laying off 24% of staff due to a restructure, the company said Wednesday. About 102 people will be impacted by the layoff. President and CEO Michael Darrow is stepping aside both from his executive roles — to […]
TrueCar lays off 102 employees, taps new CEO amid restructure by Rebecca Bellan originally published on TechCrunch