Author: TechCrunch News

Tesla is pushing forward with a plan to build an electric big rig charging corridor stretching from Texas to California, despite being snubbed by a lucrative federal funding program that’s part of President Biden’s Bipartisan Infrastructure Law. But the original scope of the project could still change, TechCrunch has learned. The company had been seeking…

CRED has received the in-principle approval for payment aggregator license in a boost to the Indian fintech startup that could help it better serve its customers and launch new products and experiment with ideas faster. The Bengaluru-headquartered startup, valued at $6.4 billion, received the in-principle approval from the Reserve Bank of India for the payment…

Generative AI models are increasingly being brought to healthcare settings — in some cases prematurely, perhaps. Early adopters believe that they’ll unlock increased efficiency while revealing insights that’d otherwise be missed. Critics, meanwhile, point out that these models have flaws and biases that could contribute to worse health outcomes. But is there a quantitative way…

Spend management startup Ramp has raised another $150 million at a post-money valuation of $7.65 billion, the company confirmed to TechCrunch today. New investor Khosla Ventures and existing backer Founders Fund co-led the raise, which also included participation from new backers Sequoia Capital, Greylock and 8VC. Other existing investors Thrive Capital, General Catalyst, Sands Capital,…

Seven Waymo robotaxis blocked traffic moving onto the Potrero Avenue 101 on-ramp in San Francisco on Tuesday at 9:30 p.m., according to video of the incident posted to Reddit and confirmation from Waymo. While routing back to Waymo’s city depot that evening, the first robotaxi in the lineup came across a road closure with traffic…

The U.S. Consumer Financial Protection Bureau (CFPB) said in an order on Tuesday that BloomTech, the for-profit coding bootcamp previously known as the Lambda School, deceived students about the cost of loans, made false claims about graduates’ hiring rates and engaged in illegal lending masked as “income sharing” agreements with high fees. The order marks…

The lack of charging infrastructure is a major barrier to entry for those looking to convert gas-powered vehicles to electric. This process is an essential component of fighting climate change, and luckily, it’s becoming easier to do. As of July 2023, the U.S. installed more than 160,000 charging stations throughout the nation, many of which…

Former senior SpaceX executive Tom Ochinero is teaming up with SpaceX alum-turned-VC Achal Upadhyaya and one of Sequoia’s top finance leaders, Spencer Hemphill, on a new venture called Interlagos Capital, TechCrunch has learned. There is little public information available about Interlagos, and the trio did not respond to TechCrunch’s request for comment. The company was…

The National Payments Corporation of India (NPCI), the governing body overseeing the country’s widely used Unified Payments Interface (UPI) mobile payment system, is set to engage with various fintech startups this month to develop a strategy to address the growing market dominance of PhonePe and Google Pay in the UPI ecosystem. NPCI executives plan to…

As the world waits for $65 billion payments tech giant Stripe to go public, a wave of smaller startups continues to roll into the market to pick up more payments business. In one of the latest developments, Danish company Flatpay, which builds payment solutions for small and medium physical merchants like shops, restaurants and salons,…