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Getaround aims to scale car-sharing platform with HyreCar acquisition

May 12, 2023

Peer-to-peer car sharing company Getaround said Thursday it will acquire the assets of HyreCar, another car sharing marketplace, for $9.45 million. Getaround expects to realize up to $75 million of run rate annualized gross booking value from the deal, which the company says will contribute to positive adjusted EBITDA profitability. “At this acquisition price point, we […]

Getaround aims to scale car-sharing platform with HyreCar acquisition by Rebecca Bellan originally published on TechCrunch

Bird’s weak stock market performance impacts the entire e-scooter industry

May 12, 2023

Bird’s first-quarter earnings show a company struggling to maintain ridership and revenue — two legs of the profitability stool for the shared micromobility market. Bird did manage to cut costs — that would be the third leg — but it wasn’t enough to convince investors that the scooter company can find its way to profitability. […]

Bird’s weak stock market performance impacts the entire e-scooter industry by Rebecca Bellan originally published on TechCrunch

Intuitive Machines prepares for first lunar mission, faces challenge to NASA contract win

May 11, 2023

Intuitive Machines is preparing for its first lunar mission to the moon’s south pole in the third quarter of this year, while also facing a protest to a major NASA contract win, executives told investors Thursday. The company has made “significant progress” on testing for the inaugural IM-1 mission, Intuitive Machines CEO Steve Altemus said […]

Intuitive Machines prepares for first lunar mission, faces challenge to NASA contract win by Aria Alamalhodaei originally published on TechCrunch

Polestar and Volvo are the latest automakers caught in software purgatory

May 11, 2023

Software, it turns out, is hard for automakers. And building a so-called software-defined car — the term du jour in automotive circles — is even harder. Software development problems have led to executive shakeups at VW Group, bricked vehicles, recalls and generally unpleasant vehicle experiences. Now, Polestar and Volvo Cars have gotten caught up in […]

Polestar and Volvo are the latest automakers caught in software purgatory by Kirsten Korosec originally published on TechCrunch