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The Station: Via hits $2.25B valuation, letters from readers, layoffs in a time of COVID-19

TechCrunch LA

The remaining $200 million came from new investors Macquarie Capital, Mori Building and Shell, as well as existing investors 83North, Broadscale Group, Ervington Investments, Hearst Ventures, Planven Ventures, Pitango and RiverPark Ventures. As you might expect, the consumer-facing shuttles has been adversely affected by COVID-19.

Layoffs 136
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Manufacturing startup Divergent 3D reduces staff by one-third

TechCrunch LA

The company developed an additive manufacturing platform designed to make it easier and faster to design and build new cars at a fraction of the cost — all while reducing the environmental impact that traditional factories have. Divergent 3D was born out of that initial exploration.

Startup 251