Month: November 2021

  • Kia EV6 smashes Tesla’s world record

    Kia EV6 smashes Tesla’s world record

    Recently, the Kia EV6 was also taken on a coast-to-coast road trip from New York to Los Angeles and set another new world record in the process. During the seven-day trip, the Kia EV6 was charged for a total of seven hours, 10 minutes, and one second. That was fast enough for it to set…

  • Peloton reports wider-than-expected loss

    Peloton shares tumbled more than 25% on Thursday, after the company reported weakening sales growth and a wider-than-expected loss in its fiscal first quarter. The company slashed its outlook for the full fiscal year amid softened demand for its exercise equipment and ongoing supply chain challenges. More consumers are opting to return to gyms such…

  • Lime raises $500M and public plans

    Lime raises $500M and public plans

    The Verge reports that, Lime, the electric scooter company, has raised over $500 million in funding and confirmed plans to go public. The recent funding includes $418 million in debt financing and a $105 million loan. Unlike its rival Bird, Lime hopes to leverage its global presence and status to attract investors. The company, claiming…

  • Lyft doing pretty well with Rentals

    Lyft doing pretty well with Rentals

    Little known is Lyft doing consumer rentals much like Hertz. This play differs from Uber which chose to partner with Hertz and Sixt for their rentals. Currently Lyft Rentals is super conveniently located in Mission. Will be interesting to see how this pans out as a business. Update: Lyft has shut down their in-house rentals.