Author: TechCrunch News

The Tesla Gigafactory planned to be built in Mexico should be seen, Bloomberg argues, “as a graduation moment for Mexican manufacturing.” And there’s hope that the CHIPS bill, which President Joe Biden promoted to supercharge semiconductor production in the U.S., will benefit its southern neighbor as well. While the prospect of new factories and more…

Welcome back to Found, where we get the stories behind the startups. This week Becca and Dom are joined by Charles Baron, the co-founder and CMO at Farmers Business Network (FBN), a startup that offers a suite of online services to farmers. Baron talked about what led him — a former venture capitalist — to…

Dougs, a French accounting startup, has been around since 2015. It already generates $16.4 million (€15 million) in annual recurring revenue. And it’s a bootstrapped company, meaning that it hasn’t opened its capital and raised any funding from VC firms. But now, the company has decided to raise its first founding round. Dougs raised $27…

The United Arab Emirates has given Chinese autonomous driving company WeRide the first national license for self-driving vehicles. The permit allows WeRide to test its Level 4 autonomous vehicles on public roads throughout the country. Level 4 is a designation by SAE that means the vehicle can handle all aspects of driving in certain conditions…

Amazon has begun rolling out its custom electric delivery vans from Rivian in Europe, the e-commerce giant said Monday. This will be Rivian’s first commercial shipment of vans outside the United States. The first tranche of 300 vans will be seen on streets in Munich, Berlin and Dusseldorf in the coming weeks. Amazon already has…

UK-based early-stage media technology venture capital firm GMG Ventures has rebranded to Mercuri. It has also raised £50 million ($81.35 million) for its second fund led by British Business Bank, through its Enterprise Capital Funds program, to back startups using artificial intelligence to reinvent traditional media models. Other investors in the latest fund include The…

Flipkart has begun lending to customers, expanding its financing offerings in a move that could potentially boost sales even as its chief rival Amazon has signalled a slowdown in India. The Walmart-owned Bengaluru-headquartered firm, in partnership with lender Axis Bank, is extending a credit of up to 500,000 Indian rupees, or $6,100, according to a…

It was a very busy week in the world of fintech, which certainly kept us on our toes. We covered a couple of notable M&A deals (including one of the biggest of the year so far), a different kind of financial services startup aimed at undocumented immigrants, Brex’s official recommitment to the startup community and…

Tesla has topped Wall Street delivery estimates in the second quarter of 2023 as the automaker’s many price cuts and the Biden administration’s federal electric vehicle tax credits take effect. The Elon Musk-owned EV-maker reported record global production of 479,000 units and record deliveries of 466,140. That’s up 10% from the 422,875 Tesla EVs delivered…

As part of our ongoing coverage of VC performance in the first half of 2023, TechCrunch+ surveyed 15 investors about their investment cadence and their plans for the second half of the year. As expected, it appears a good mix of investors wrote checks at the rate they’d aimed for, while others fell a bit…