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Shauntel Garvey of Reach Capital will join us to judge this year’s Startup Battlefield - techcrunch

Shauntel Garvey of Reach Capital will join us to judge this year’s Startup Battlefield

TechCrunch’s Startup Battlefield is one of the most popular parts of our annual TechCrunch Disrupt conference which is happening on September 21-23 this year. Now we’re very excited to reveal one of the fine people who will be judging Startup Battlefield at this year’s all-virtual event in September: Shauntel Garvey, a general partner at Reach Capital, […]
techcrunch - 34 minutes ago
Google reveals a slate of Chromebook docks as it pushes to appeal to enterprise users - techcrunch

Google reveals a slate of Chromebook docks as it pushes to appeal to enterprise users

Chromebooks have been having banner quarter after banner quarter for the past year. While PC and tablet sales in general have been doing well as people shifted to remote working and learning, Google’s operating system has been leading the charge, in terms of the growth. That’s due in large part to the company’s wins in […]
techcrunch - 52 minutes ago
AI is ready to take on a massive healthcare challenge - techcrunch

AI is ready to take on a massive healthcare challenge

Shortening the diagnostic journey and reducing the associated costs was, until recently, a moonshot challenge, but is now within reach. Technology and AI advances are combining to make genetic testing accessible.
techcrunch - 53 minutes ago
Less than 24 hours to save $100 to TC Sessions: Mobility 2021 - techcrunch

Less than 24 hours to save $100 to TC Sessions: Mobility 2021

Calling all frazzled procrastinators, feet-draggers, lollygaggers and last-minute decision makers. The best price on passes to TC Sessions: Mobility 2021, which takes place on June 9, disappears in mere hours. It’s now o’clock, baby. Shift your EV into gear, hail a robotaxi or tell Mr. Scott to beam you up — whatever it takes to […]
techcrunch - 2 hours ago
BigBrain aims to bring live mobile trivia back to glory - techcrunch

BigBrain aims to bring live mobile trivia back to glory

If you ask Nik Bonaddio why he wanted to build a new mobile trivia app, his answer is simple. “In my life, I’ve got very few true passions: I love trivia and I love sports,” Bonaddio told me. “I’ve already started a sports company, so I’ve got to start a trivia company.” He isn’t kidding […]
techcrunch - 2 hours ago
Freemium isn’t a trend — it’s the future of SaaS - techcrunch

Freemium isn’t a trend — it’s the future of SaaS

The merits of launching a free plan should no longer need to be debated. Instead, more companies should be asking: Are we giving enough away?
techcrunch - 2 hours ago
Metafy adds $5.5M to its seed round as the market for games coaching grows - techcrunch

Metafy adds $5.5M to its seed round as the market for games coaching grows

This morning Metafy, a distributed startup building a marketplace to match gamers with instructors, announced that it has closed an additional $5.5 million to its $3.15 million seed round. Call it a seed-2, seed-extension or merely a baby Series A; Forerunner Ventures, DCM and Seven Seven Six led the round as a trio. Metafy’s model […]
techcrunch - 2 hours ago
Snap to launch a new Creator Marketplace this month, initially focused on Lens Creators - techcrunch

Snap to launch a new Creator Marketplace this month, initially focused on Lens Creators

Snap on Wednesday announced its plan to soon launch a Creator Marketplace, which will make it easier for businesses to find and partner with Snapchat creators, including lens creators, AR creators and later, prominent Snapchat creators known as Snap Stars. At launch, the marketplace will focus on connecting brands and AR creators for AR ads. […]
techcrunch - 3 hours ago
Valence unveils training program to help build pipeline of Black execs - techcrunch

Valence unveils training program to help build pipeline of Black execs

Diversity has been linked with equity and inclusion because diversity is just one part of the equation when it comes to hiring Black employees. How do the companies they work for make people feel welcome and included, rather than isolated? How do Black employees find their way into management, up the corporate ladder to the […]
techcrunch - 3 hours ago
How much product room will fintech giants leave for startups? - techcrunch

How much product room will fintech giants leave for startups?

This morning, we'll examine the buy now, pay later (BNPL) market, mostly through the lens of PayPal's first-quarter results.
techcrunch - 3 hours ago
Comms expert and VC Caryn Marooney will detail how to get attention at TC Early Stage - techcrunch

Comms expert and VC Caryn Marooney will detail how to get attention at TC Early Stage

We’re thrilled to announce Caryn Marooney is speaking at our upcoming TechCrunch Early Stage virtual event in July. She spoke with us last year and we had to have her back. Just look at her resume. She was the co-founder and CEO of The Outcast Agency, one of Silicon Valley’s best-regarded public relations firms. She […]
techcrunch - 3 hours ago
Personal skin problems leads founder to launch skincare startup Nøie, raises $12M Series A - techcrunch

Personal skin problems leads founder to launch skincare startup Nøie, raises $12M Series A

Inspired by his own problems with skin ailments, tech founder Daniel Jensen decided there had to be a better way. So, using an in-house tech platform, his Copenhagen-based startup Nøie developed its own database of skin profiles, to better care for sensitive skin. Nøie has now raised $12m in a Series A funding round led […]
techcrunch - 4 hours ago
Newzoo: Global game market will shrink in 2021 for first time in many years - venture beat

Newzoo: Global game market will shrink in 2021 for first time in many years

For the first time in many years, the global video game industry is forecast to shrink slightly in 2021, according to a new report from game and esports data firm Newzoo. It’s kind of a “sky is falling” moment that isn’t exactly something to panic about. The game industry is still on track to surpass […]
venture beat - 4 hours ago
Hamburgers and hot rods - techcrunch

Hamburgers and hot rods

I’m going to be honest with you: It was kind of a slow week for robotics news. Honestly, that’s the first time I can say that since I started doing this thing weekly (happy 10 weeks to us, by the way). Of course, this stuff always ebbs and flows to a certain extent — even […]
techcrunch - 4 hours ago
Turkey’s Ace Games raises $7M to develop ‘hyper casual’ games - techcrunch

Turkey’s Ace Games raises $7M to develop ‘hyper casual’ games

Ace Games, a Turkish mobile gaming company founded by a former Peak Games co-founder, has raised a $7 million Seed funding round led by Actera Group. Co-investment has come from San Francisco’s NFX. Former gaming entrepreneurs Kristian Segerstrale, Alexis Bonte, and Kaan Gunay also participated. Firat Ileri is previous investors from the pre-seed round. The […]
techcrunch - 4 hours ago
Lay Down Some Tracks with The GoTrax Traveler - readwrite

Lay Down Some Tracks with The GoTrax Traveler

Who remembers the first time they saw one of those electric scooters or bikes propped up against a bus stop in their city? Nowadays, you can’t walk down a city block without seeing rows of e-scooters, e-bikes, and even mopeds. Needless to say, the micro-mobility trend has not only caught on, but it’s here to […] The post Lay Down Some Tracks with The GoTrax Traveler appeared first on ReadWrite.
readwrite - 5 hours ago
Bitski raises $19 million from a16z to become the ‘Shopify for NFTs’ - techcrunch

Bitski raises $19 million from a16z to become the ‘Shopify for NFTs’

For every crypto-skeptic that see NFTs as yet another hype bubble, there’s an acolyte who sees NFTs as the key to unlocking the future of the creative web. Bitski, an SF-based startup that builds custom NFT storefronts for brands and creators, is banking on the latter and they have new investors betting the same. The […]
techcrunch - 5 hours ago
Diginex launches ESG reporting platform aimed at small businesses - techcrunch

Diginex launches ESG reporting platform aimed at small businesses

As ESG reporting goes up the agenda for large companies, it’s also increasingly doing so for smaller companies as well. But right now, tracking things like your company’s CO2 emissions is mainly the preserve of large corporations. Now a startup hopes to address this. Diginex Solutions has a self-guided tool which claims to generate ESG […]
techcrunch - 6 hours ago
From bootstrapped to a $2.1B valuation, ReCharge raises $227M for subscription management platform - techcrunch

From bootstrapped to a $2.1B valuation, ReCharge raises $227M for subscription management platform

ReCharge, a provider of subscription management software for e-commerce, announced today that it has raised $227 million in a Series B growth round at a $2.1 billion valuation.  Summit Partners, ICONIQ Growth and Bain Capital Ventures provided the capital. Notably, Santa Monica, California-based ReCharge was bootstrapped for several years before raising $50 million in a […]
techcrunch - 6 hours ago
Desktop Metal adds wood printing to its portfolio - techcrunch

Desktop Metal adds wood printing to its portfolio

Desktop Metal today announced the launch of wood 3D printing tool, Forust. Founded in 2019, the company specializes in 3D printing for interior design. The company’s “non-destructive” printing methods have managed to largely fly under the radar, with minimal press coverage until now — making them a pretty ideal acquisition candidate. In fact, the gross […]
techcrunch - 6 hours ago
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techcrunch
Revel’s Frank Reig shares how he built his business and what he’s planning

Revel’s Frank Reig shares how he built his business and what he’s planning

techcrunch - 1 day ago

It’s only been three years since they hit the streets and Revel’s blue electric mopeds have already become a common sight in New York, San Francisco and a growing number of U.S. cities. However, Revel founder and CEO Frank Reig has set his sights far beyond building a shared moped service.

In fact, since the beginning of 2021, Revel has launched an e-bike subscription service, an EV charging station venture and an all-electric rideshare service driven by a fleet of 50 Teslas.

So we caught up with Reig to talk about what he learned from building the company, how Revel’s business strategy has evolved, and what lies ahead.

Before we get to the good stuff, here’s some background:

The idea for Revel seems like it came from the classic entrepreneur’s guidebook: Reig had a need that no existing company addressed. He’d seen mopeds used as major, if not dominant, forms of transportation as he traveled around Europe, Asia and Latin America, and he wondered why this logical (and fun) mode of transport was largely absent from American cities in general, and in his hometown, New York City, in particular.

So in 2018, Reig quit his job, raised $1.1 million from 57 people, and launched a small pilot program involving 68 mopeds in Brooklyn. In May 2019, he raised $4 million in VC funding, which helped him expand to 1,000 electric mopeds across Brooklyn and Queens. Revel secured another $33.8 million in September 2019, in a round that included funding from Ibex Investments, Toyota Ventures, Maniv Capital, Shell and Hyundai, according to Reig. This has allowed the founder to execute a grander plan to build an electric mobility company.

The company now operates more than 3,000 e-mopeds in New York City, and has another 3,000 across Washington, D.C., Miami, Oakland, Berkeley and San Francisco.

TechCrunch: Youve added three new business lines and told us previously that you have more on the way. Thats a lot.

Frank Reig: Yes, we have had a busy start to 2021! We began the year announcing our fast-charging stations across the city that will help fill the large gap in infrastructure to support the wide-scale adoption of EVs. We launched our e-bike subscription program to offer New Yorkers another way to navigate their city, and with our newly announced electric ride-sharing program, we are solving the “chicken and egg” problem of EV charging and demand. We are focused on building out these business lines and our moped business as well and very much looking forward to what is to come.

When shared micromobility companies expand, they often just offer different vehicles. You seem to be going, “Ok, well offer a different vehicle an e-bike, but its a subscription. And were also doing electric vehicle chargers, and let’s add an EV rideshare to the mix.” Its pretty broad.

If were talking about electrifying mobility in major cities, it starts with infrastructure. And were the company rolling up our sleeves and doing it now by building that infrastructure and operating fleets. Because in a city like New York, the infrastructure does not exist for electric mobility.

There are a few Tesla superchargers around the city, usually behind parking paywalls, so you have to pay the garage to even use it. And, of course, you need a Tesla for that infrastructure to even be relevant. And when you think about other public fast-charging access points in the city, they are few and far between. Were building 30 in one site and many more beyond that in 2021.

New York is a complicated city to operate in, so its easier for us to add e-bikes as a service because I already have the infrastructure and on-the-ground operations that we built with the mopeds. I have multiple warehouses throughout this city. I have full-time staff that I’ve employed, from field technicians to mechanics, and a fleet of over 3,000 vehicles on the streets in New York. So its a natural extension of the platform to be able to add another product to it, to reach a new type of user, or to supplement the use case of our current moped users. All we needed to do was finance some e-bikes, and then you have another line of business.

sauce: techcrunch
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