article thumbnail

Hyundai taps EV startup Canoo to develop electric vehicles

TechCrunch LA

Hyundai Motor Group said it will jointly develop an electric vehicle platform with Los Angeles-based startup Canoo, the latest startup tapped by the automaker as part of an $87 billion push to invest in electrification and other future technologies. Hyundai Motor Group has committed to invest $87 billion over the next five years.

Startup 310
article thumbnail

Reflections on 2019: Greg Monterrosa, Startup Community Leader

socalTECH

Today, we share the thoughts of Greg Monterrosa ,a startup community leader who is currently Startup Weekend organizer, facilitator, and mentor and was a former Founder of MyLLC.com and Hub101. The continued growth of startup communities in Los Angeles. What was the biggest news for you/your company this year?

Startup 196
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Upfront Ventures Raises > $650 Million for Startups and Returns > $600 Million to LPs

Both Sides of the Table

We believe this consistency in leadership and intuition for where the markets were going in the heady days of 2019–2021 helped us to stay sane in a world that momentarily seemed to have lost its mind and since we have new capital to deploy in the years ahead perhaps I can offer some insights into where we think value will be derived.

Startup 408
article thumbnail

Reflections on 2019: Anthony Citrano, Acquicient

socalTECH

What new technology area, startup, service, or app did you find most interesting or useful this year, and why? Any great brand marketer can tell you that, but I hadn't quite internalized it the way I did in 2019. What are you most looking forward to in the technology/startup world in 2020?

Invest 189
article thumbnail

Navy-Startup Center, Lab Sets Up In Port Hueneme

socalTECH

A new, 60,000 square foot lab and research center in port Hueneme has been set up by the U.S. Navy and its NavalX unit, to help reduce barriers between the Navy and non-traditional partners such as start-ups, small businesses, academia, non-profits, and private capital. Navy, NavalX was created in February of 2019.

Startup 202
article thumbnail

Volvo Trucks teases the all-electric semi truck it’s bringing to California in 2019

TechCrunch LA

Tesla CEO Elon Musk has said production of the Tesla Semi, a Class 8 heavy duty truck, would begin in 2019. Newcomer Thor Trucks is developing a medium-duty Class-6 electric truck for UPS, which will also be tested in California. Volvo Trucks plans to test its new electric VNR truck, a refitted version of its diesel-powered VNR model.

article thumbnail

The electric scooter wars of 2019

TechCrunch LA

Throughout 2019, a number of mobility companies launched in additional markets, while many pulled out of areas that no longer served them. Meanwhile, transportation startups continued to raise more money even as they laid off employees, a sign that industry consolidation has officially begun. billion valuation.

Mobile 161