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Investors double down on tech stocks in massive
DoorDash, Airbnb, C3.ai IPOs
Eric Eldon

How to find your next VC

Alex Wilhelm
FDA grants emergency use authorization for Pfizer’s COVID-19 vaccine,
distribution to begin within days
Darrell Etherington
Gift Guide: Smart exercise gear to hunker down and get fit with
Darrell Etherington
Extra Crunch
What to expect while fundraising in 2021
Russ Heddleston

The Latest
Cledara, the SaaS purchase and management platform,
raises $3.4M funding
Steve O'Hear
4:00 AM EST•December 14, 2020
Cledara, the SaaS purchase and management platform that helps
bring greater viability and control over a company’s sprawling software
subscriptions, has raised $3.4 million in additional fund...

German Bionic raises $20M led by Samsung for

exoskeleton tech to supercharge human labor
Ingrid Lunden
5:31 AM EST•December 14, 2020
Exoskeleton technology has been one of the more interesting
developments in the world of robotics: instead of building machines
that replace humans altogether, build hardware that humans can wear
t...

Nokia launches a laptop in India

Manish Singh
2:59 AM EST•December 14, 2020
Nokia, the 155-year-old iconic firm that has manufactured a range of
items from rubber to cables to phones and telecommunications
equipment, is ready to expand to a new category. The Finnish firm o...

China fines Alibaba, Tencent’s e-book subsidiary over

anti-trust violations
Rita Liao
2:38 AM EST•December 14, 2020
The Chinese government is moving to curb the power of some of
China’s most influential internet companies. The country’s top market
regulator announced Monday that it is fining Alibaba ...
Appboxo gets $1.1 million seed to build a mini-app
ecosystem for all developers
Catherine Shu
2:18 AM EST•December 14, 2020
Pioneered by WeChat almost four years ago, mini-apps are now
common in China and India, and gaining traction in other markets, too.
Mini-apps, or lightweight apps designed for integration into host...

Ola to invest $327M to set up ‘the world’s

largest scooter factory’ in Tamil Nadu
Manish Singh@refsrc / 2:03 AM EST•December 14, 2020
 Comment
Image Credits: Ola

Ola  said on Monday that it has signed a memorandum of

understanding with the government of Tamil Nadu in India to set up
what it claims would be the “world’s largest scooter manufacturing
facility” in the South Indian state as the Indian ride-hailing firm begins a
new push with electric vehicles.
The SoftBank-backed Indian ride-hailing firm said it will invest about
$327 million in setting up the factory, which it says would create almost
10,000 jobs and have an initial capacity to produce 2 million electric
vehicles in a year.
The move comes as Ola plans to launch and expand its two-wheeler
electric vehicles in several markets in the next two quarters, according
to a person familiar with the matter. Ola Electric, which spun out of the
startup last year, acquired Amsterdam-based Etergo earlier this year.
The Dutch has a fleet of scooters that uses swappable, high energy
battery that delivers a range of up to 240 km (149 miles). The startup
plans to replicate production of similar model of vehicles, the person
said.
Ola launched its two-wheeler business, which like the cabs business
sees someone drive a passenger around, in 2016 and has created
livelihoods for over 300,000 people in India. One of India’s most
valuable startups, Ola has made big bets on two-wheeler in recent
years to expand the reach of its services to smaller cities and towns
across the country. (Compared to four-wheeler, two-wheeler and three-
wheeler offer a much more affordable ride to customers and zip faster
in busy traffic.)
In a statement, Ola said the new factory would improve India’s electric
vehicle ecosystem and serve customers in Europe, Asia, and Latin
American among other markets.
“We are excited to announce our plans to set up the world’s largest
scooter factory. This is a significant milestone for Ola and a proud
moment for our country as we rapidly progress towards realising our
vision of moving the world to sustainable mobility solutions across
shared and owned mobility. This will be one of the most advanced
manufacturing facilities in the world. This factory will showcase India’s
skill and talent to produce world class products that will cater to global
markets,” said Bhavish Aggarwal, Chairman and Group CEO of Ola, in
a statement.
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Ola to invest $327M to set up ‘the world’s largest scooter
factory’ in Tamil Nadu
Manish Singh
2:03 AM EST•December 14, 2020
Ola said on Monday that it has signed a memorandum of
understanding with the government of Tamil Nadu in India to set up
what it claims would be the “world’s largest scooter manufacturing
fac...

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Flatfile researched 100+ companies to learn how they
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Flatfile interviewed 100+ companies to learn of their issues with data

onboarding. 96% ran into problems when importing data. 23% said
migrating data takes weeks or months! Check out the full report.

Reddit acquires Dubsmash

Catherine Shu
11:05 PM EST•December 13, 2020
Reddit announced that it has acquired short video platform
Dubsmash. The deal’s terms were undisclosed. Dubsmash will retain
its own platform and brand, and Reddit will integrate its video
creation...

Extra Crunch
An even bigger battle for gig worker rights is on the
horizon
Megan Rose Dickey
10:52 AM EST•December 13, 2020
In the year ahead, we’ll likely see lobbying efforts from both gig
companies and gig worker organizations — as well as more lawsuits.

TC Sessions: Space 2020

Dec 16 - 17
Meet the most important people in the space industry, across
public, private and defense.
Register today and save

Original Content podcast: David Fincher presents a

compelling character study in ‘Mank’
Anthony Ha, Jordan Crook, Darrell Etherington
9:00 AM EST•December 13, 2020
“Mank” is a change of pace for director David Fincher — instead of
exploring the world of startup backstabbing (“The Social Network”),
political backstabbing (“House o...
Gillmor Gang: Strange Days Indeed
Steve Gillmor
6:05 PM EST•December 12, 2020
The place we’re in, the valley of the dolls between the vote and the
Inauguration, is overshadowed by the battle to save our lives. The
vaccines look promising, and so does the persistence of the T...

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EmailSubscribe
Human Capital: Dr. Timnit Gebru says Google’s memo
was ‘dehumanizing’
Megan Rose Dickey
6:00 PM EST•December 12, 2020
Welcome back to Human Capital, where I break down the latest in
diversity, equity and inclusion, and labor in tech. This week, Twitter
dropped its latest diversity report and Tesla released its fir...

Where we’ll be next

TC Sessions: Space 2020

Dec 16 - 17

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TC Sessions: SaaS 2021

Nov 3

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How to find your next VC

Alex Wilhelm
4:00 PM EST•December 12, 2020
Welcome back to The TechCrunch Exchange, a weekly startups-and-
markets newsletter. It’s broadly based on the daily column that
appears on Extra Crunch, but free, and made for your weekend
reading. ...
Investors double down on tech stocks in massive
DoorDash, Airbnb, C3.ai IPOs
Eric Eldon
2:00 PM EST•December 12, 2020
Editor’s note: Get this free weekly recap of TechCrunch news that any
startup can use by email every Saturday morning (7 a.m.
PT). Subscribe here. Maybe it is a stock market bubble, or a tech-
stock...

This Week in Apps: Apple scolds adtech, Facebook hit

with antitrust suits, Twitter buys Squad
Sarah Perez
10:37 AM EST•December 12, 2020
Welcome back to This Week in Apps, the weekly TechCrunch series
that recaps the latest in mobile OS news, mobile applications and the
overall app economy. The app industry is as hot as ever, with a...
FDA grants emergency use authorization for Pfizer’s
COVID-19 vaccine, distribution to begin within days
Darrell Etherington
9:40 PM EST•December 11, 2020
The U.S. Food and Drug Administration (FDA) has granted an
Emergency Use Authorization (EUA) for the COVID-19 vaccine
developed by Pfizer and its partner BioNTech, the New York Times
first reported...

Daily Crunch: Hyundai acquires 80% stake in Boston

Robotics
Anthony Ha
6:51 PM EST•December 11, 2020
Hyundai takes a controlling stake in an iconic robotics company,
Twitter acquires a screen-sharing startup and we round up some
security-themed gift ideas. This is your Daily Crunch for December
11...

Oracle is headed to Texas now, too

Connie Loizos
5:31 PM EST•December 11, 2020
Austinites, watch out; another tech company is headed into town. Just
days after Tesla CEO Elon Musk revealed during an interview that he
has moved to Texas, and less than two weeks after HP Enterp...

Here comes the Faraday fabric

Devin Coldewey
3:13 PM EST•December 11, 2020
You don’t have to buy into 5G conspiracy theories to think that you
could do with a little less radiation in your life. One way of blocking
radiation is a Faraday cage, but this is usually a ...
Extra Crunch
General Catalyst’s Katherine Boyle and Peter Boyce are
looking for ‘obsessive’ founders
There are definitely people who are working at companies that we
start engaging before they even ...
Jordan Crook
3:00 PM EST•December 11, 2020
Give the gift of Extra Crunch for 25% off
Travis Bernard, J.M. Donaldson
2:32 PM EST•December 11, 2020
This holiday season, TechCrunch readers can send an Extra Crunch
annual membership as a gift to a friend, family member or co-worker
for 25% off.  The gifting feature can be found here. Extra Crunc...

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