Bloomberg · Germany · Tesla · TechCrunch AI
Rapido raised $240 million in a round led by Prosus, and that values the Indian ride-hailing company at $3 billion
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The round was part of a larger $730 million primary and secondary financing.
Key facts
- You might have noticed that Rivian’s spinoff company Mind Robotics raised another $400 million, two months after raising $500 million
- Rapido raised $240 million in a round led by Prosus, and that values the Indian ride-hailing company at $3 billion
- Quantum Systems, a Germany-based drone startup backed by Peter Thiel, is in talks to raise around €600 million ($703 million) with companies like Airbus and Blackstone as investors, Bloomberg reported
- General Motors, for instance, laid off more than 10% of its IT department, or about 600 salaried employees, in a deliberate skills swap
Summary
Welcome back to TechCrunch Mobility, your central hub for news and insights on the future of transportation. There is a bit of a theme emerging in transportation, and every industry: AI is creating jobs for some at the loss of others. General Motors, for instance, laid off more than 10% of its IT department, or about 600 salaried employees, in a deliberate skills swap. The most sought-after capabilities are AI-native development, data engineering and analytics, cloud-based engineering, agent and model development, prompt engineering, and new AI workflows. Those AI job losses are mounting in the automotive sector.