Remove 2023 Remove development Remove economic environments Remove sustainability
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Arrival slashes production targets to just 20 EV vans as part of restructuring

TechCrunch

based commercial EV startup turned publicly traded company, has lowered its delivery plans from 400 vehicles to 20 as it postpones development of its battery-electric buses and shifts gears to focus on vans. Arrival, the U.K.-based For the second quarter, Arrival reported a loss of $89.6 million, compared with a loss of $56.2

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Nigerian B2B e-commerce startup Alerzo cuts 15% of full-time staff in second round of layoffs

TechCrunch

According to Alerzo, the first round of layoffs were performance-related and involved the digitization of some roles (including the development of an internal ERP). This does not align now with the economic environment today, so we, unfortunately, had to make changes to our business to be more focused around pursuing strong unit economics.

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Proptech in Review: 3 investors explain why they’re bullish on tech that makes buildings greener

TechCrunch

This economic environment will continue to test a lot of companies,” said Jake Fingert, managing partner, and Lionel Foster, investor, at Camber Creek. What is your investment thesis for proptech in 2023? This economic environment will continue to test a lot of companies. That value proposition is irresistible.