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New guidance on SBA loans means most startups are still excluded from $349 billion stimulus

TechCrunch LA

— Doug Rand (@doug_rand) April 4, 2020. — Mark Suster (@msuster) April 4, 2020. While some tech startups have seen demand for their products actually rise during these quarantined days, many companies have watched as their businesses have gone from one to zero. .” Trump (@realDonaldTrump) April 4, 2020.

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Just raises $8M in its effort to beat Root at the car insurance game

TechCrunch LA

Just Insure , a pay-per-mile insurance technology company, has raised $8 million in a funding round. . CrossCut Ventures, ManchesterStory and Western Technology Investments co-led the investment, which brings its total raised to $15.3 ” In 2020, Root had a direct loss ratio of 82%. million since its January 2019 inception.

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Energica CEO plots her Italian EV company’s reboot from lockdown

TechCrunch LA

There could be more demand for electric vehicles post COVID-19 crisis, believes Energica founder Livia Cevolini. One of those is greater demand for EVs after the pandemic. Before the health crisis shutdown most of Italy, Energica had already seen larger demand for its high-performance e-motos, with a price range of $17,000 to $23,000.

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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. ”

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HONK Reports Increased Roadside Assistance Calls

socalTECH

Los Angeles-based HONK Technologies , which develops a roadside assistance and towing app, and is led by tech entrepreneur Corey Brundage, says it has saw a 54 percent increase in the number of roadside assistance calls in the first six months of 2020. Brundage had previously founded such companies as SendLove.to and Fonality.

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Google Cloud opens its Las Vegas region

TechCrunch LA

Earlier this year, Google also announced that it would open its regions in Jakarta, Seoul and Warsaw over the course of 2020. “Cloud technologies enable two important outcomes for us,” said James Alvarez, CIO of Aristocrat. So far, it doesn’t look like the COVID-19 pandemic is slowing down these plans.

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Los Angeles-based Luxury Presence raised $5.4 million for its real estate marketing services

TechCrunch LA

Real estate is a big business in the sprawling city of Los Angeles, and new technology tools to target the industry continue to attract investor attention. Our focus was on how to make beautiful, functional and lead-generating sites that were easily customizable to fit the agent’s needs and demands, and we did just that.”.