Monthly Archives: October 2020

News: Nest Audio review

The Nest Audio is a surprisingly hefty thing. It’s compact, but dense, packing a lot into a footprint not much taller than an iPhone. At 2.65 pounds, it’s 2.5x the weight of the original Home. It’s clear that, above all, Google was interested in offering up something premium, in spite of a quite reasonable $99

The Nest Audio is a surprisingly hefty thing. It’s compact, but dense, packing a lot into a footprint not much taller than an iPhone. At 2.65 pounds, it’s 2.5x the weight of the original Home. It’s clear that, above all, Google was interested in offering up something premium, in spite of a quite reasonable $99 price point.

It certainly took the company long enough. It’s been four years since the first device arrived — that’s a lifetime on the scale of smart home devices. But while Google introduced a slate of new products and delivered a key update to its smaller sibling, the Mini, its flagship smart speaker remained untouched, in all of its air freshener designed glory.

In four years, Google has proven less interested in hardware upgrades than Amazon. That’s not a huge surprise from a company that’s long suggested that software — not hardware — is at the heart of product evolution. But even Google knows that software can only take you so far when it comes to things like premium audio. That’s where the new device comes in.

Image Credits: Brian Heater

Nest Audio’s name represents two key things. First, it’s the last of Google’s smart speaker/smart screen line to adopt the Nest title, cementing its 2014 Nest acquisition as its smart home brand. It’s not quite accurate to say that the Nest brand encompasses all of Google’s Home products — after all, a new Chromecast was launched this week with Google branding, but then, no one’s ever accused Google of being consistent about such things.

The Audio bit finds Google following a similar journey as Amazon. The first generation of smart speakers focused significantly more on the smart than the speaker. The devices were primarily considered a way to deliver smart assistants into the home — certainly not something that was set to replace anyone’s home stereo.

But Apple, for all of its issues bringing Siri into a home setting, proved that users were willing to invest in a premium product — so long as a company could demonstrate superior audio. Google followed up with the Home Max and Amazon did so first by beefing up the sound of the standard Echo, and more recently introducing the Echo Studio. There’s also the matter of the Samsung Galaxy Home, but the less said about the unreleased speaker — and Bixby in general — the better.

With Nest Audio, Google is looking to prove that good sound shouldn’t be the exclusive realm of high-end speakers. It even went so far as dropping $30 off the price of the original Google Home — putting it in line with current Echo pricing. The internals have been considerably upgraded, as well. A 50mm full-range driver (40mm on the Nest Mini) has been upgraded to a 75mm woofer for much stronger bass. Two passive radiators, meanwhile, have been swapped out for a 19mm tweeter to complete the picture.

Image Credits: Brian Heater

The speaker is also capable of getting really loud — 75% louder than the original Home, according to the company. It’s too loud for my apartment. Though I would advise against relying on a single speaker to fill a large space, as stuff gets distorted at peak volumes. A speaker of this caliber is best paired with another — which is, thankfully, something Google does reasonably well.

As it stands, the Nest Audio is quite clear and full, given its pricing and size. For space like the living room in my one-bedroom New York apartment, it’s got pretty good sound. The design means that (like the new Echo) you get pretty good audio from all sides — though the company cautions against, stay, sticking it deep on a bookshelf, or else you may deal with some muddy reverb. It’s clear that Google knew it had to step up its game to deal with superior audio from third-party speaker makers like Sony who have embraced Google Assistant, and it’s done a pretty good job here.

I still prefer the much heftier and massive Google Home Max that’s currently sitting by my computer on my desk. Size really does matter in the world of speakers, for a number of pragmatic reasons, including how it moves air to create sound. That said, you can currently purchase three Nest Audios for the price of a single Google Max, so that may be something worth considering, depending on your setup and the layout of your home.

Groups and pairing are one of the strongest reasons to consider these device. The Google Home app setup is extremely simple in that regard, and presents an extremely simple and fairly inexpensive way to set up a home audio system. You can either pair two of the same speakers to create stereo (a solid choice for, say, flanking the computer screen) or simply creating groups for multiple speakers to fill a space. I do the latter with my own home setup.

It’s usually a good solution, though even at this point in the life of the devices, it can still be pretty buggy. A lot of this comes down to Wi-Fi and connectivity issues, but it can be frustrating. Wireless systems are a lot easier — but less reliable — than simply wiring up your system the old-fashioned way. And of course, there’s the fact that the more wireless devices you install, the more strain there’s going to be on your home network.

Image Credits: Brian Heater

There are some nice tweaks to the system, as well. Ambient IQ actually turns up assistant’s voice when there are sounds in the background, while Media EQ dynamically adjusts the balance depending on what you’re listening to — be it music or a podcast, turning up the vocal output for the latter.

The speaker’s design has improved dramatically. We mocked the original Home for looking like a Glade air freshener since day one, and that criticism still stands. The Nest Audio, meanwhile, if far more unassuming. Covered entirely in fabric with a design that Google freely admits was inspired by a pillow, it’s designed to blend in with its décor — which, frankly, is precisely what a smart speaker should do.

There are five colors: white (chalk), black and Sage, Sand and Sky — all pastels. Odds are pretty good you’ll find one that fits your home. Google sent me a black one, which is likely what I would have chosen myself. And bonus points for the fact that the fabric is made from recycled water bottles, like the Nest Mini before it.

The Nest Audio is a long overdue upgrade to the company’s line of smart home devices and one that puts the focus on sound, precisely where it should be.

News: Heura’s plant-based ‘chicken’ hits UK shops

Heura, a vegan-friendly alternative to chicken that’s been cooked up by a Barcelona-based startup, has launched its first products in the UK. It’s working with local distributors The Vegan Kind and Planet Organic to sell three of its most popular products in the market: 100% vegetable original chicken bites, Mediterranean chicken bites and strips. The

Heura, a vegan-friendly alternative to chicken that’s been cooked up by a Barcelona-based startup, has launched its first products in the UK.

It’s working with local distributors The Vegan Kind and Planet Organic to sell three of its most popular products in the market: 100% vegetable original chicken bites, Mediterranean chicken bites and strips.

The 100% plant-based chicken is made from “European soy, olive oil, salt, and spices”.

Heura cites market research data from Mintel which suggests UK consumers are increasingly switching to buying plant-based meat — finding 65% of the British population now consumes plant-based meat, up from just 30% in 2017. It also suggests the coronavirus crisis is accelerating the shift towards plant-based diets as consumers seek out cheaper alternatives to meat-based protein.

The startup has been building momentum for its soy-based chicken alternative since being founded back in 2017. Now it says its products are present in 3,000 points of sale in Spain, Andorra, Portugal, France, the Netherlands, Singapore, Hong Kong, Chile, and the UK.

In its home city of Barcelona Heura has managed to get its planet-based meat onto the menu at a bunch of local restaurants — which looks like a savvy way of building brand recognition for an alternative protein.

Heura says it’s seen growth of 460% in the last year, and claims to be the fastest growing 100% plant-based meat company in Europe — also doing so without the kind of mega-fund-raises pouring into alternative protein startups elsewhere. (According to Crunchbase, Heura has raised a mere $270k to date.)

Its boast for its faux chicken is it contains the same amount of protein as actual chicken but only one-third of the fat — hence touting it as “one of the market’s healthiest options” (with a further claim of 43% less fat than the industry average).

The relatively short list of ingredients — with the claim its products also contain fewer ingredients than the market average — is another facet it highlights, given how much processing can be involved in alternative meat/vegan products.

So it’s hoping to piggyback on rising demand for so-called ‘clean’ vegan products (although a processed ‘faux meat’ product obviously can’t be as ‘clean’ as eating vegan staples like lentils, chickpeas, beans, quinoa, nuts etc).

Image credit: Heura

Commenting in a statement, Marc Coloma, CEO and co-founder, said: “The UK is the fastest-growing plant-based food market in Europe, and coupled with Heura‘s growth it means this is the right time for us to enter the UK market.  We trust in the outstanding nutritional value of our products: our products have a clean label, are among the healthiest available, and our Mediterranean heritage means that we are the only plant-based meat made with olive oil.”

Another startup focused on plant-based chicken, Daring Foods, began selling its rival product in the UK at the start of last year.

News: Cooler Screens raises $80M to bring interactive screens into cooler aisles

Cooler Screens, which replaces the glass doors in store cooler aisles with interactive digital displays, is announcing that it has raised more than $80 million in Series C funding. The startup has now raised more than $100 million in funding. The latest round comes from Verizon Ventures (Verizon owns TechCrunch), Microsoft’s M12 venture fund, Great

Cooler Screens, which replaces the glass doors in store cooler aisles with interactive digital displays, is announcing that it has raised more than $80 million in Series C funding.

The startup has now raised more than $100 million in funding. The latest round comes from Verizon Ventures (Verizon owns TechCrunch), Microsoft’s M12 venture fund, Great Point Ventures, Silicon Valley Bank and others.

Cooler Screens is led by co-founder and CEO Arsen Avakian, who was previously founder and CEO of Argo Tea. Avakian told me that before starting Argo, he worked at a number of technology companies, including i2 Technologies.

“The joke was, I went from IT to tea, and now I’m back to IT,” he said. He also suggested the startup draws on all of his past experience — while Cooler Screens is a tech company, it also requires an understanding of how to build a consumer brand.

The idea of replacing simple glass doors with electronic displays might seem unnecessary or even annoying, but Avakian said his first priority is “winning consumers’ hearts.”

After all, we’re used to doing as much research as we want before buying a product online, but very little of that information is available in the brick-and-mortar shopping and experience. Avakian said Cooler Screens is changing that: “You could ask the screens, ‘Show me all the vegan items’ or ‘How many calories are in this product?’”

And it’s already available in some stores. After installing screens in 50 Walgreens locations in the Chicago area (where Cooler Screens is based), the startup announced plans to expand to 2,500 Walgreens stores across the United States. Other partners include Kroger and GetGo.

Avakian said he pitches stores on a partnership for “sophisticated digital merchandising and contextual advertising technology.”

Cooler Screens

Image Credits: Cooler Screens

He added, “We can digitize your stores, and as we do that, we’re willing to put our money where our mouth is and show you that the consumers will love us: The NPS scores will be through the [roof]. If we prove all of that to you, we’d love to start bringing into this marketplace the CPG brands that are relevant to consumers in your stores, and now we become the last mile of advertising.”

Avakian said that unlike most forms of digital advertising, Cooler Screens doesn’t gather any personal information about the viewer. Instead, its appeal to advertisers is the fact that it gives them a way to reach consumers “in a safe environment, where they’re in the mindset for shopping.”

Avakian said that since March, the startup has grown from 40  brands advertising on the platform to nearly 150.

Noting that stores like Walgreens and Kroger have been essential for many shoppers during the pandemic, Avakian said, “It’s obvious to everyone that brick-and-mortar retail is here to stay. It just needs to reinvent itself.”

News: Crowdcube and Seedrs agree to merge, creating a significant private equity marketplace

The two main crowd-equity fundraising platforms in the UK, Crowdcube and Seedrs, have agreed terms on a long-rumoured merger, thus creating one of the world’s largest private equity marketplaces. The merger is being structured as an acquisition by Crowdcube of all of the outstanding share capital of Seedrs, via scheme of arrangement. Existing Crowdcube shareholders

The two main crowd-equity fundraising platforms in the UK, Crowdcube and Seedrs, have agreed terms on a long-rumoured merger, thus creating one of the world’s largest private equity marketplaces.

The merger is being structured as an acquisition by Crowdcube of all of the outstanding share capital of Seedrs, via scheme of arrangement. Existing Crowdcube shareholders and option holders will own 60% of the combined company, and existing Seedrs shareholders and option holders will own 40% of the combined company. According to a joint statement, the merger ratio reflects the approximate valuations of the two companies based on each of their most recent fundraising rounds.

Jeff Kelisky, Seedrs’ CEO, will become CEO of the combined company, and Darren Westlake, Crowdcube’s CEO and co-founder, becomes executive chairman. The management team will include key people from both businesses.

Darren Westlake, CEO and co-founder of Crowdcube, commented: “Equity crowdfunding has redefined how many ambitious businesses raise investment and engage with their customers. Today’s agreement is an incredibly exciting milestone that will benefit high growth businesses, their investors who believe in their vision and the wider entrepreneurial ecosystem that supports them. Together with Seedrs, we can accelerate plans to further expand in the UK and overseas, launch innovative new products and improve our customers’ experience.”

Jeff Kelisky, CEO of Seedrs, said: “We are both fintech pioneers that have challenged the landscape of capital raising in Europe, building marketplaces for private equity investment. We believe that you need to be a player of greater scale to serve companies and the investors who support them. Now is the right time to bring our strengths together, in order to meet our common mission to deliver a step change in the accessibility and efficiency within private company investing.”

The two investment platforms have faced-off against each other ever since Seedrs was founded 2009 by Jeff Lynn and Carlos Silva (but launched in 2012 after regulatory approval) and Crowdcube was in 2011 by Westlake and Luke Lang. According to Crunchbase, Seedrs has raised a total of £28.2M while Crowdcube has raised £30.7M.

Since 2011, £2 billion has been invested in campaigns on Crowdcube and Seedrs, putting through 1,500 companies through their respective platforms. Notable companies include including Brewdog, Revolut, Perkbox, what3words and Moneybox.

But although attracting startups from across Europe — while the UK was in the EU — most observers looked quizzically on how two large players in crowd equity could survive in a relatively mid-sized market like the UK.

In fact, while both have ridden the wave of investor interest in startups (and not just tech-oriented ones) over the last ten years, TechCrunch understands that the two firms had been discussing a merger for some time but had not yet seen the right moment until now.

Neither has sat on their laurels in the intervening years. Seedrs just recently launched its secondary market offering to all private businesses. While Crowdcube has continued to attract fund-raises from notable companies such as Curve.

News: Google delays mandating Play Store’s 30% cut in India to April 2022

Google is postponing the enforcement of its new Play Store billing policy in India to April 2022, days after more than 150 startups in the world’s second largest internet market forged an informal coalition to express concerns over the 30% charge the Android-maker plans to mandate on its store and started to explore an alternative

Google is postponing the enforcement of its new Play Store billing policy in India to April 2022, days after more than 150 startups in the world’s second largest internet market forged an informal coalition to express concerns over the 30% charge the Android-maker plans to mandate on its store and started to explore an alternative marketplace for their apps.

The company, which is going live globally with the new Play Store rule in September 2021, is deferring the enforcement of the policy only in India, it said. It is also listening to developers and willing to engage to allay their concerns, it said.

“We are setting up listening sessions with leading Indian startups to understand their concerns more deeply. We will be setting up Policy Workshops to help clear any additional questions about our Play Store policies. And we’re also extending the time for developers in India to integrate with the Play billing system, to ensure they have enough time to implement the UPI for subscription payment option that will be made available on Google Play — for all apps that currently use an alternative payment system we set a timeline of 31st March 2022,” said Purnima Kochikar, Director of Business Development of Games & Applications at Google Play, in a statement.

“We have always said developers should have a choice in how they distribute their apps, and that stores should compete for consumers’ and developers’ business,” she added.

Last week, Google said it would no longer allow any apps to circumvent its payment system within the Play Store. The move, pitched by Google as a “clarification” of its existing policy, would allow the company to ensure it gets as high as a 30% cut on in-app purchases made through Android apps operating in a range of a categories.

Google’s announcement today is a direct response to the loudest scrutiny it has received in a decade in India — its biggest market by users but also a place where, compared to Western markets, it generates little revenue. More than 150 startups in India last week formed an informal coalition to fight the company’s strong hold on Indian app ecosystem. Google commands 99% of the smartphone market in India, according to research firm Counterpoint.

Among the startups that have expressed concerns over Google’s new policy are Paytm, India’s most valuable startup, payments processor Razorpay, fantasy sports firm Dream11, social network ShareChat, and business e-commerce IndiaMART.

More than 50 Indian executives relayed these concerns to India’s Ministry of Electronics and Information Technology over a video call on Saturday, according to three people who attended the call.

Several businesses in India have long expressed concerns with the way Google has enforced its policies in India, but the matter escalated last month after the company temporarily pulled Paytm app from the Play Store for promoting gambling.

Google said Paytm had repeatedly violated its policies, and the company’s Play Store has long prohibited apps that promote gambling in India. Google has sent notices about warnings over gambling to several more firms in India in recent weeks.

A senior industry executive told TechCrunch that the company should have expressed these concerns months before the popular cricket tournament IPL was scheduled to commence. Fantasy sports apps allow users to pick their favorite players and teams. These players stand to win real money or points that they can redeem for physical goods purchase based on the real-world performance of their preferred teams and players. IPL season sees a huge surge in popularity of such fantasy sports apps.

“The IPL even got delayed by months. Why did Google wait for so long? And why does the company have a problem with so-called gambling in India, when it permits such activities in other markets? The Indian government has no problem with it,” the executive said, requesting anonymity.

Paytm on Monday announced its own mini-app store featuring several popular services including ride-hailing firm Ola, health care provides 1mg and Practo, fitness startup Cure.fit, music-streaming service Gaana, car-rental provider Zoomcar, Booking.com, and eateries Faasos, Domino’s Pizza, and McDonald’s. The startup claimed that more than 300 firms have signed up for its mini store and that its app reaches more than 150 million users each month. (In a written statement to TechCrunch, Paytm said in June its app reached more than 50 million users in India each month.

Paytm, which says its mini-app store is open to any developer, will provide a range of features including the ability to support subscriptions and one-step login. The startup, which claims  said it will not charge any commission to developers for using its payments system or UPI payments infrastructure, but will levy a 2% charge on “other instruments such as credit cards.”

“There are many challenges with traditional mobile apps such as maintaining multiple codebases across platforms (iOS, Android or Web), costly user acquisition and requirement of app release and then a waiting period for user adoption for any change made in the app. Launching as a Mini Apps gives you freedom from all these hassles: implying lesser development/testing and maintenance costs which help you reach millions of Paytm users in a Jiffy,” the Indian firm said in its pitch.

The launch of a mini-store further cements Alibaba-backed Paytm’s push into turning itself into a super-app. Its chief rivals, Walmart-backed PhonePe and Google Pay, also operate similar mini stores on their apps.

Whether Paytm’s own mini app store and postponement of Google’s new Play Store policy are enough to calm other startups’ complaints remain to be seen. PhonePe is not one of the mini apps on Paytm’s store, a Paytm spokesperson told TechCrunch.

“I am proud that we are today launching something that creates an opportunity for every Indian app developer. Paytm mini app store empowers our young Indian developers to leverage our reach and payments to build new innovative services,” said Vijay Shekhar Sharma, co-founder and chief executive of Paytm, in a statement.

News: Ola fails to get ride-hailing license renewed in London, says it will appeal and continues to operate

Just six days after Uber won its appeal against London transportation regulators to continue operating in London for another 18 months, one of its bigger rivals has found itself in the hot seat. Ola, the India-based ride-hailing startup, is not getting its Transport for London ride-hailing license renewed, after failing to meet some of TfL’s

Just six days after Uber won its appeal against London transportation regulators to continue operating in London for another 18 months, one of its bigger rivals has found itself in the hot seat. Ola, the India-based ride-hailing startup, is not getting its Transport for London ride-hailing license renewed, after failing to meet some of TfL’s public safety requirements specifically around licensing for drivers and vehicles.

Ola told TechCrunch it plans to appeal the decision, and as was the case with Uber, under TfL’s rules, a company is allowed to continue operating while appealing a decision.

Sky News, which had first reported the news of Ola failing to get renewed, noted that TfL said it discovered multiple failures in how Ola operates, specifically around its use of unlicensed drivers and vehicles covering more than 1,000 passenger trips, “which may have put passenger safety at risk,” according to a statement from Helen Chapman, TfL’s director of licensing, regulation and charging. It’s not clear if there were other violations involved. We have contacted TfL and will update this post as we learn more.

From what we understand, Ola plans to defend itself by claiming that the issue was partly technical: the company and TfL used different conventions in its databases to track licensing for drivers and vehicles, and Ola was not seeing licensing expirations come through in a timely enough way. The gap between having licensed and unlicensed drivers appeared to create a big enough safety issue for TfL, which it did not believe Ola was working to fix as a priority going forward. (And indeed, this also meant that Ola could conveniently continue to have those drivers, uninterrupted, on its books and working.)

As with Uber and its own run-in with TfL, Ola is already preparing to appeal TfL’s decision.

“At Ola, our core principle is to work closely, collaboratively and transparently with regulators such as TfL,” Marc Rozendal, Ola’s UK MD, said in a statement. “We have been working with TfL during the review period and have sought to provide assurances and address the issues raised in an open and transparent manner. Ola will take the opportunity to appeal this decision and in doing so, our riders and drivers can rest assured that we will continue to operate as normal, providing safe and reliable mobility for London.”

Ola — which has raised some $3.8 billion in funding over the years, partly to shore up its business to compete heavily against the likes of Uber — has been running commercial services in London since February of this year and in that time has signed up more than 25,000 drivers, the company said, but it has not disclosed how many rides it has completed, nor how many passengers it has amassed, nor any other metrics.

In addition to its own direct customers, Ola also partners with other on-demand ride services, such as Gett, as an extra capacity provider for services for Gett’s customers. It also operates in other cities in the UK, one of the SoftBank-backed company’s few big international forays outside of India (the others are Australia and New Zealand). The UK, and London specifically — even now, as many cut down their movements due to Covid-19 — represent one of the biggest and more lucrative markets in the world for ride-hailing services. But as with all ride-hailing companies, Ola’s position in the UK market is not always secured and it has made multiple efforts to plead its case with lawmakers in its time here.

News: Lime and Scoot veterans have built Ridepanda, a one-stop micromobility marketplace

Chinmay Malaviya and Charlie Depman found themselves at the center of the shared micromobility industry just as it took off, working for companies like Bird, Lime and Scoot. They experienced a rollercoaster ride of venture funding and skyrocketing demand, product pitfalls and regulatory hurdles. It was in the midst of this activity that the pair

Chinmay Malaviya and Charlie Depman found themselves at the center of the shared micromobility industry just as it took off, working for companies like Bird, Lime and Scoot. They experienced a rollercoaster ride of venture funding and skyrocketing demand, product pitfalls and regulatory hurdles. It was in the midst of this activity that the pair noted a shift in the industry and an opportunity. 

“From our vantage point there was a massive shift happening in mobility and transportation, in terms of personal ownership,” Malaviya told TechCrunch in an interview last month. “People were looking for their own electric scooter, electric bike and electric moped.”

Malaviya and Depman, who met on LinkedIn, determined there wasn’t a suitable way to research, vet and buy e-bikes, e-mopeds or e-scooters beyond Google and Amazon searches. And Ridepanda, an online marketplace for light electric vehicles, was born.

It’s safe to call the pair “light electric vehicle” evangelists. They see Ridepanda, which raised an undisclosed amount of seed funding from General Catalyst and Will Smith’s Dreamers Fund, as the best way to deliver on the mission of getting more electric bikes, scooters and mopeds in the public’s hands.

“We are all for cities that can be happier and efficient, if they run on these vehicles that are small, quiet eco-friendly and also a lot more fun,” said Malaviya, who added that light electric  vehicles are particularly well-suited for the majority of trips people take, which data shows is up five miles.

The startup, which the pair launched in early 2020 and recently came out of stealth, aims to be one-stop “e-ride” shop where customers can find a curated set of expert-vetted e-rides and a customization feature that helps shoppers home in on the right product. Ridepanda launched in late September, a new site with an improved user interface, a “ridefinder quiz” that helps people find the right product as well as other support services. These support services, which are bundled and branded “pandacare,” connects users with information on insurance, home assembly, repair and maintenance plans as well as help finding the right helmet.

Ridepanda electric scooter bike

The Ridepanda homepage.

Visitors to Ridepanda will spot the “ridefinder quiz,” which lets users select the electric bike, moped or scooter icon, their height and weight, top uses and finally, preferences like foldable or cargo and budget. The user is then given a few results that best match their selections. Users can skip this process and just conduct searches based on the three product types or use cases such as “commute,” “adventure,” “delivery,” or “accessibility.”

Not just any electric bike, scooter or moped qualifies for Ridepanda’s site, said Depman, who is the company’s CTO.

“We’ve seen like a Cambrian explosion of different vehicle types; there are literally hundreds of options out there,” said Depman. “If you go on Amazon website, you’re going to see 150-plus in each category, and it’s really hard to sift through them. So what we’ve been building on the back end is a vetting system.”

For a product to be included on the platform, it must meet certain criteria and rating. The company rates vehicles across performance, safety, sustainability, durability and repairability, Depman said. That rating is achieved by evaluating all the different components of the vehicle, including the battery, motor and brakes.

Ridepanda is focused on the U.S. market for now, particularly cities like Chicago, Los Angeles, New York, Portland, San Francisco and Seattle. The company offers customers financing and it’s even looking into a subscription service, although it’s unclear when or if that will roll out.

“Basically I think we are fighting the noise and the decision fatigue,” Malaviya said.

News: Einride raises $10 million to fast track its autonomous electric cargo pods

For the past four years, Swedish startup Einride has captured interest, investment and even a few customer contracts for its unusual-looking pods — electric and autonomous vehicles that are designed to carry freight. But progress in developing, testing and validating autonomous vehicles — particularly ones that don’t even have space for a driver and rely

For the past four years, Swedish startup Einride has captured interest, investment and even a few customer contracts for its unusual-looking pods — electric and autonomous vehicles that are designed to carry freight. But progress in developing, testing and validating autonomous vehicles — particularly ones that don’t even have space for a driver and rely on teleoperations — is an expensive and time-consuming task.

The company has made some progress with its T-Pod vehicles; four of them are on public roads today and even carry freight for customer Oatly, the Swedish food producer. Now, a year after raising $25 million, the company said it has another $10 million coming in from its existing investors.

The announcement comes ahead of a new vehicle the Einride will unveil October 8. Not much is known about the vehicle; Einride has only supplied a short and obscure teaser video.

Einride said the $10 million in new funding was led by impact fund Norrsken VC and included participation from  EQT Ventures fund, Nordic Ninja VC and Ericsson Ventures. Norrsken VC is also joining Einride’s advisory board.

The capital will be used to fast track the official launch of its Einride Pods, the company said. Einride acknowledged that startups in AI and robotics were upended, and even shuttered altogether, in the early days of the COVID-19 pandemic. The company contests that demand for contactless delivery options — not coincidentally the kind it hopes to provide — has grown because of COVID-19. Einride said it’s maintained a “strong stream of new partnerships,” including onboarding partners Oatly and supermarket chain Lidl as well as launching a freight mobility platform designed to give customers information on shipping volume, distance driven and associated emissions and help pick the most efficient routes.

“There is both a lot of excitement and a lot of uncertainty about autonomous trucking, but the fact remains: this is one of the largest business opportunities in the history of mankind,” said Einride CEO Robert Falck said in a statement, who added that the company expects to see the autonomous transport industry expand exponentially in the coming years, especially in the wake of a global pandemic.

News: Original Content podcast: Netflix’s ‘Away’ deftly balances space exploration and human drama

“Away,” a new drama on Netflix, tells the story of the first manned expedition to Mars — Emma Green (played by Hilary Swank) leads an international team of astronauts on the three-year mission, while her husband Matt (Josh Charles) is part of the support team back on Earth. As we explain on the latest episode

“Away,” a new drama on Netflix, tells the story of the first manned expedition to Mars — Emma Green (played by Hilary Swank) leads an international team of astronauts on the three-year mission, while her husband Matt (Josh Charles) is part of the support team back on Earth.

As we explain on the latest episode of the Original Content podcast, the show starts a bit slowly, and its space sequences (particularly an early space walk) aren’t quite as thrilling as we’d hoped.

But “Away” excels at creating compelling human drama — there’s believable tension on the spaceship and in mission control, and pain and guilt on both sides as the astronauts are separated from their loved ones for the long journey to-and-from Mars.

Anthony admitted that before watching, he worried that the show might be a bit too weepy and melodramatic. Instead, he was impressed by the way it made all the storylines feel natural and important, no matter how high or low the stakes. And we also appreciated how the astronauts’ backstories are filled in via flashbacks — the third episode, focused on Chinese astronaut Lu Wang (Vivian Lu), was an early highlight.

In addition to reviewing “Away,” we also caught up on what we’ve been up to since the last regular episode two weeks ago, and we discussed a new Disney+ co-watching feature called GroupWatch.

You can listen to our review in the player below, subscribe using Apple Podcasts or find us in your podcast player of choice. If you like the show, please let us know by leaving a review on Apple. You can also follow us on Twitter or send us feedback directly. (Or suggest shows and movies for us to review!)

If you’d like to skip ahead, here’s how the episode breaks down:
0:00 Intro/catch-up
5:55 Disney+ discussion
9:19 “Away” review
41:41 “Away” spoiler discussion

News: Accel VCs Sonali De Rycker and Andrew Braccia say European deal pace is ‘incredibly active’

The other week TechCrunch’s Extra Crunch Live series sat down with Accel VCs Sonali De Rycker and Andrew Braccia to chat about the state of the global startup investing ecosystem. Given their firm’s broad geographic footprint, we wanted to know what was going on in different startup markets, and inside a number of business-model varietals

The other week TechCrunch’s Extra Crunch Live series sat down with Accel VCs Sonali De Rycker and Andrew Braccia to chat about the state of the global startup investing ecosystem. Given their firm’s broad geographic footprint, we wanted to know what was going on in different startup markets, and inside a number of business-model varietals that we are tracking, like API-focused startups and low-code work.

As with all Extra Crunch Live episodes, we’ve included the full video below, along with a number of favorite quotes from the conversation.

Above the paywall, I wanted to share what De Rycker said about the European startup ecosystem: It’s been stuck in my head for the last day, because her comments points to a future where there is no single center of startup gravity.

Instead, considering her bullishness on her local scene, we’re going to see at least three major hubs, namely North America with a locus in the United States, Asia with a possible capital in India, and Europe, with a somewhat distributed layout.

Here’s De Rycker from our chat, responding to my question about how active the European venture and startup scene is today (transcript has been lightly edited for clarity):

What has surprised me even more [than change in the European startup scene over time] is the acceleration in the last couple of years. And I think it’s continued in the last few months, despite the COVID environment.

And that’s really because Europe isn’t just one location, right? It’s a collection of different ecosystems, different locations, different hubs. At any point in time there are 15 to 20 cities that are relevant, and they’ve all sort of reached this tipping point. And together, Europe is at this inflection point, in terms of the quality of entrepreneurs, [and] the number of opportunities. And it feels like it’s all come together with the digitization that’s going on that we’re all, you know, very much believing in right now. And the fact that there’s a ton of capital around. So I would say that we’re seeing a pretty frenetic pace, more than, candidly, pre-COVID, which is not something we expected. […]

But I would say that overall, Europe is incredibly active [regarding] deal pace, deal count, I wouldn’t say it’s very different from what I understand to be the situation in the U.S.

Undergirding what De Rycker said above, TechCrunch recently reported on the financial results of TransferWise, a European fintech unicorn that grew 70% in the last year, to £302.6 million in revenue. Toss in Adyen’s epic run as a public European tech company and there’s lots to celebrate from the continent, even if we don’t read enough about here in the States.

Extra Crunch Live continues with some really damn fun stuff coming up (including a few more that I am hosting). So, make sure you’re in and ready for the next edition as we dig deeper into season two.

Hit the jump for the full chat and some further bits from the transcript.

Sonali De Rycker and Andrew Braccia

Here’s the full video:

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