We’re now in the fourth significant financial crisis of my career. The first was in 1987. I had just graduated college, gotten my first job, and opened a Schwab account. Then the market dropped 23% in one day. Although I was fortunate I had little to lose, it was still …
Read More »Driverless car startup Pony.ai raises $462 million at a $3 billion valuation
In a sign that investors’ enthusiasm for driverless cars hasn’t dampened yet, Pony.ai today secured a whopping $ 462 million in fresh funding, $ 400 million of which came from Toyota. The capital infusion brings the Guangzhou- and Fremont, California-based startup’s total raised to about $ 800 million at a …
Read More »Flying taxi startup Volocopter raises $40 million and touts potential IPO
Volocopter, a German company that’s developing autonomous electric takeoff and landing (eVTOL) aircraft for commercial air taxi services, has extended its series C funding by another €37 million ($ 40 million). This takes the round total to €87 million ($ 94 million), following the original €50 million ($ 54 million) …
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