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Motional loses a backer, another micromobility bankruptcy and a mobility startup unicorn is born
TechCrunch Mobility is a weekly newsletter about the future of transportation. This week, read about Cake, Zum, Motional and Tesla.
This week, read about autonomous vehicle company Motional, why the Tesla board is likely having discussions about Elon Musk’s 2018 $56 billion pay package, a new unicorn focused on student transportation, and more. Zūm has made headway in the past several years, locking in school district customers in San Francisco, Los Angeles, Oakland, Seattle, Chicago, Boston, Nashville and Maryland. BluSmart, an Indian ride-hailing startup that competes with Uber and homegrown rival Ola, raised $25 million from Switzerland-headquartered impact fund ResponsAbility in a mezzanine structure, including partial equity dilution and debt.
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