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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.

Startup 310
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Six Tech Startups to Look Out For in 2023

Tech.Co

With over 305 million start-ups being created every year globally, standing out from the crowd is a huge challenge. Only companies with cutting-edge concepts and crystal-clear market strategies stand a chance of surviving through their first year, let alone making a profit. Sign up to Tech.co's weekly newsletter today.

Startup 118
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A16z-backed Shein challenger Cider is growing rapidly

TechCrunch LA

Shein has shown the world how combining social media marketing, data analytics, and China’s well-oiled supply chain has created a $100 billion fast fashion behemoth. Cider has racked up roughly 7.4 million installs across the world to date, according to data provided by market intelligence firm Sensor Tower. Data: Data.ai.

Startup 217
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Boulevard books $70M to help beauty and wellness salons with their bookings

TechCrunch LA

It’s also a massive market — and by Danna’s estimates, still with a lot of untapped business — with Boulevard quoting figures that forecast personal care and beauty sales passing $1.4 “We started obsessing about this,” Danna went on. Focusing on the U.S.

Help 195
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Postmates is launching a new retail delivery feature as brick and mortar stores face 14% drop in sales

TechCrunch LA

Postmates is now rolling out what could be the biggest update to the company’s service in a long time — adding a retail option for users to shop local stores and for local merchants to set up a virtual on-demand storefront in the app. “ Most of the LA metro area will have access to the tab. earlier this month.

Sales 249
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Food Rocket blasts off after securing funding, grocery delivery deal with Circle K parent

TechCrunch LA

Many grocery delivery startups begin small, in one city, building up locations to cater to a certain neighborhood. At the time, the company raised $2 million, and Alexandrov said about the perceived competition, “The level of competition in this market in the U.S.

Funding 246
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Nowadays puts its spin on plant-based nuggets

TechCrunch LA

Investment into alternative proteins, for example, plant-based meats and dairy substitutes was $5 billion in 2021, according to both the Good Food Institute and Crunchbase data. This includes a $2 million pre-seed round from 2021. The round was led by Stray Dog Capital, with additional strategic support from Standard Meat Co.,