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Archer Aviation aims to launch network of urban air taxis in Los Angeles by 2024

TechCrunch LA

Archer Aviation, the electric aircraft startup that recently announced a deal to go public via a merger with a blank-check company, plans to launch a network of its urban air taxis in Los Angeles by 2024. The combined company, which will be listed on the New York Stock Exchange with ticker symbol “ACHR,” will have an equity valuation of $3.8

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Sugarfina Raises $35M In Private Equity Funding

socalTECH

Los Angeles-based upscale, luxury confections brand Sugarfina announced on Thursday morning that it has raised $35M in a growth equity funding, from private equity investor Great Hill Partners. Sugarfina has now raised more than $50M in funding. The company said it was advised by Imperial Capital on the funding. READ MORE>>.

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Marlin Equity Partners Completes Tellabs Acquisition

socalTECH

Los Angeles-based private equity company Marlin Equity Partners said this morning that it has completed its acquisition of Tellabs , which provides mobile backhaul, optical networking, and other related telecommunications products. Marlin Equity said that Tellabs will continue to be headquartered in Naperville, Illinois.

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Marlin Equity Partners Buys Tellabs For $891M

socalTECH

Los Angeles-based private equity investor Marlin Equity Partners is acquiring Tellabs , a provider of mobile backhaul, optical networking, and other products for the telecommunications networking market, in a deal worth $891 million. According to Marlin Equity, it will pay $2.45 Tellabs was based in Chicago.

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YP Buys Sense Networks

socalTECH

YP , the local search, media, and advertising firm spun out of AT&T which has significant operations in Glendale, said today that it has acquired venture-backed Sense Networks , a provider of mobile advertising and location-based services. Sense Networks was venture backed by Intel Capital, Javelin Venture Partners and others.

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Qualcomm Backs M87 To Improve Access To Wireless Networks

socalTECH

San Diego-based Qualcomm is one of the backers in a startup which is developing technology to create a network of peer-to-peer, wireless devices, to help improve access for phones in poor coverage areas. Cole Brodman, the former Technology and Innovation Chief and CMO of T-Mobile, and investor at Trilogy Equity, is the company's new CEO.

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Planning 500,000 charging points for EVs by 2025, Shell becomes the latest company swept up in EV charging boom

TechCrunch LA

Since the beginning of the year, three companies have been acquired by special purpose acquisition vehicles and are on a path to go public, while a third has raised tens of millions from some of the biggest names in private equity investing for its own path to commercial viability. One more deal soon followed.

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