Startups

Novel battery manufacturer EnerVenue is raising $515M, per filing

Startups /

EnerVenue, a startup that has developed an alternative to lithium-ion batteries for long-duration renewable energy storage, is raising $515 million in fresh equity, per an SEC filing seen by TechCrunch. The company is in the process of building a gigawatt-scale factory in Kentucky to produce its nickel-hydrogen batteries, an endeavor that’s estimated to cost $264 […]

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Carta’s valuation will be cut by billions in an upcoming secondary sale

Startups /

Carta, a once-high-flying Silicon Valley startup that loudly backed away from one of its businesses earlier this year, is working on a secondary sale that would value the company at $2 billion, TechCrunch has learned. Carta is working with the investment bank Jeffries on the sale and initially hoped to find demand for the offering

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Revel to lay off 1,000 staff ride-hail drivers, saying they’d rather be contractors anyway

Startups /

New York-based Revel has made a lot of pivots since initially launching in 2018 as a dockless e-moped sharing service. The BlackRock-backed startup briefly stepped into the e-bike subscription business. It launched and now operates a handful of electric vehicle charging stations across the five boroughs. And it started an all-Tesla, all-employee ride-hail service, in

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Founded in war-torn Sudan, YC-backed Elevate now provides fintech to freelancers globally

Startups /

In early 2022, the fintech startup Bloom — not to be confused with the Gen Z-focused investing app, or the heavily capitalized revenue financing platform — was accepted into Y Combinator as the first-ever startup from Sudan to participate in the famed accelerator. Alongside its four founders’ track records at Amazon, Meta, IBM, and Goldman Sachs,

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Dealt turns retailers into service providers and proves that pivots sometimes work

Startups /

Dealt, a French startup formerly known as Mon Super Voisin, raised a €6 million funding round ($6.5 million at today’s exchange rate) a few months ago. More importantly, the startup went through an important pivot. And this funding round proves that this strategy was the right one. It’s an interesting lesson for early-stage founders who

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SoftBank-backed grocery startup Oda lays off 150, resets focus on Norway and Sweden

Startups /

It’s not just instant-delivery startups that are struggling. Oda, the Norway-based online supermarket delivery startup, has confirmed layoffs of 150 jobs as it drastically scales back its expansion ambitions to focus on just two markets, its homebase and Sweden, the homebase of Mathem, an online grocery that Oda merged with last year. Oda, which has

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Three ways founders can shine at TechCrunch Disrupt 2024

Startups /

TechCrunch Disrupt 2024 in San Francisco is the must-attend event for startup founders aiming to make their mark in the tech world. This year, founders have three exciting ways to participate, each tailored to maximize exposure, networking, and growth opportunities. Here’s how founders can join us this October: Attend with a Founder Pass Investing in

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