Page 7 - Construct Capital News Today

China’s autonomous vehicle startups AutoX, Momenta and WeRide are coming to TC Sessions: Mobility 2021 As the autonomous vehicle industry in the United States marches toward consolidation, a funding spree continues to exhilarate China’s robotaxi industry. Momenta, Pony.ai, WeRide and Didi’s autonomous vehicle arm have all raised hundreds of millions of dollars over the past year. And 21-year-old search engine giant Baidu competes alongside the startups with a $1.5 billion fund launched in...

Hello and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to Point B. What a week! It’s too much to cover everything that happened in the world of transportation, so here are some of the highlights. Oh, and yes, I know that the big story this weekend was Elon Musk’s appearance on SNL. As there’s no shortage of hot — and tepid — takes on Twitter and the rest of the interwebs, I think I’ll pass ...

Autonomous vehicle pioneers Karl Iagnemma and Chris Urmson are coming to TC Sessions: Mobility 2021 Long before the multimillion-dollar acquisitions and funding rounds pushed autonomous vehicles to the top of the hype cycle, Karl Iagnemma and Chris Urmson were researching and, later, developing the foundations of the technology. These pioneers — Iagnemma coming from MIT, Urmson from Carnegie Mellon University — would eventually go on to launch their own autonomous vehicle startups in an a...

Fewer than 24 hours to save $100 to attend TC Sessions: Mobility 2021 Calling all frazzled procrastinators, feet-draggers, lollygaggers and last-minute decision makers. The best price on passes to TC Sessions: Mobility 2021, which takes place on June 9, disappears in mere hours. It’s now o’clock, baby. Shift your EV into gear, hail a robotaxi or tell Mr. Scott to beam you up — whatever it takes to buy your pass before the early-bird deadline expires tonight, May 6, at 11:59 pm (PT). TC S...

GM’s Pam Fletcher is coming to TC Sessions: Mobility 2021 to talk about how to build a startup GM might be best known for the millions of Buick, Cadillac, Chevrolet and GMC-branded vehicles it designs, produces, finances and sells each year. But it also has a burgeoning incubator, where a team of 600 employees are working to develop 20 new businesses with a total addressable market of about $1.3 trillion. A few of the first startup fruits have already come to bear, including OnStar Guardian, ...

Scale AI founder and CEO Alexandr Wang will join us at TC Sessions: Mobility on June 9 Last week, Scale AI announced a massive $325 million Series E. Led by Dragoneer, Greenoaks Capital and Tiger Global, the raise gives the San Francisco data labeling startup a $7 billion valuation. Alexandr Wang founded the company back in 2016, while still at MIT. A veteran of Quora and Addepar, Wang built the startup to curate information for AI applications. The company is now a break-even business, with a ...

Hi there, new and returning readers. This is The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to Point B. Before jump into micromobbin’ and the rest, I wanted to point you to another Extra Crunch piece, this time a deep dive into second-life batteries. As Aria Alamalhodaei reports: The average electric vehicle lithium-ion battery can retain up to 70% of its charging capacity after being removed. The business proposition...

Joby Aviation’s JoeBen Bevirt and Reid Hoffman to talk about building a startup, the future of flight and SPACs Joby Aviation founder JoeBen Bevirt has spent more than a decade developing an all-electric, vertical take-off and landing passenger aircraft — an effort that was largely shrouded in secrecy until January 2020 when the company announced a $590 million Series C round of funding that was led by Toyota Motor Corporation (that round later expanded to $620 million). The buzzy announcem...

Hi friends and new readers, welcome back to The Station, a newsletter dedicated to all the present and future ways people and packages move from Point A to Point B. Before you get to reading The Station, a small update for you. As transportation editor — a new title I gained last month — I am focused on building a team and deepening our coverage. My first task was to bring on Mark Harris, who will be writing investigative pieces as well as articles for our subscription product Extra Crunch....

March 31, 2021 Distressed investment specialist Cerberus Capital Management has hit a $2.8bn final close for its latest flagship opportunistic real estate fund. AltAssets has been serving the global private equity industry for over a decade and has become established as a trusted source of independent news and views on the industry by thousands of professionals worldwide.