L.A. Business Journal
SEPTEMBER 13, 2021
Electric vehicles are touted as the future, especially in Los Angeles where the city’s climate goals call for 80% of vehicles sold to be electric by 2028 — seven years ahead of the state’s 2035 cutoff for gasoline-powered auto sales.
TechCrunch LA
SEPTEMBER 13, 2021
Last year at this time, SpotOn was on the brink of announcing a $60 million Series C funding round at a $625 million valuation. Fast forward to almost exactly one year later, and a lot has changed for the payments and software startup. Today, SpotOn said it has closed on $300 million in Series E financing that values the company at $3.15 billion — more than 5x of its valuation at the time of its Series C round, and significantly higher than its $1.875 billion valuation in May (yes, just th
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L.A. Business Journal
SEPTEMBER 13, 2021
When Joanna McFarland grew frustrated that she couldn’t drop her son off at karate practice because she had to be at work, she started commiserating with other moms.
TechCrunch LA
SEPTEMBER 13, 2021
When people talk about “online food delivery” services, chances are that they’ll think of the Uber Eats, Instacarts and Getirs of this world. But today a startup that’s tackling a different aspect of the market — addressing the supply chain that subsequently turns the wheels of the bigger food distribution machine — is announcing a big round of funding as it continues to grow.
Advertiser: Aggregage
Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.
socalTECH
SEPTEMBER 13, 2021
Los Angeles-based zero-emissions heavy-duty vehicle company GreenPower Motor Company has delivered its first, all-electric school bus to a district in Santa Maria, according to the company. According to the company, its first BEAST school bus was just delivered to the Santa Maria Joint Union High School District. The company said the new school bus is an all-electric, 40-foot battery powered electric school bus with a range of up to 150 miles; the bus can seat up to 90 passengers.
Startup Professionals Musings
SEPTEMBER 13, 2021
You can’t survive as an entrepreneur without resilience, because you are going to fail at least once, maybe multiple times. That’s the nature of trying something that’s never been done before. Resilience means not giving up, and being energized by what you have learned. As Thomas Edison said, "I have not failed. I have just found ten thousand ways that won't work.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
L.A. Business Journal
SEPTEMBER 13, 2021
Space Exploration Technologies Corp. completed its first Starlink launch from the West Coast.
socalTECH
SEPTEMBER 13, 2021
Los Angeles-based MasonHub, a venture-backed provider of fulfillment technology and services, is extending its footprint on the East Coast, saying this morning that it has opened up a 200,000 square-foot East Coast fulfillment center in Wilkes-Barre, PA. The company said the new fulfillment center will enable it to offer up two-day ground shipping to 90 percent of U.S. customers.
socalTECH
SEPTEMBER 13, 2021
Los Angeles-based private equity investor Diversis Capital Management said this morning that it has raised a new, $675M fund. The company said its new fund, Diversis Capital Partners II, exceeded its target of $500M. The company said it reached the $675M in commitments just three months after its formal launch. The new fund will primarily in businesses based in North America, and selectively in Europe and Australia, and is focused on focused control private equity investments in lower middle-mar
socalTECH
SEPTEMBER 13, 2021
Virgin Galactic, the space tourism venture of Sir Richard Branson, has delayed its next test flight, due to what it described as a "potential manufacturing defect" in a component of its flight systems. According to the company, it was preparing for its next test flight, the "Unity 23" flight with the Italian Air Force, when a third-party supplier flagged a "potential manufacturing defect in a component of the flight control actuation system", causing the company to delay the planned flight.
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