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The Station: Restructuring ripples and the next investor darling of the EV era

TechCrunch

The Michigan-based autonomous ride-hail and shuttle startup raised $111 million in a Series C round that it says will help it get to driver-out operations in 2023. Other deals that got my attention… Aurora Labs raised $63 million through a Series C financing round led by Moore Strategic Ventures. also participated.

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Rivian delivers on Q2 revenue, expects loss to widen another $700M

TechCrunch

Still, Rivian cruised past analysts’ expectations on revenue, bringing in $364 million in Q2 (or about $26 million more than analysts anticipated, per Yahoo Finance). The company also announced the addition of former Bosch and Daimler exec Harald Kroeger to its board. Today, the young-ish EV maker ended regular trading at $38.95

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The Equity Seller’s Bubble of 2021 Part 2 • 2022 From a Startup Equity Seller’s to an Equity Buyer’s Market

Angel Capital Association

This is Part 2 of a two-part examination of the state of the startup capital market during the past two years. From an investor’s perspective, 2022 witnessed a sudden market reversal from an extreme equity seller’s market to an equity buyer’s market, causing dislocations throughout angel, VC, and startup ecosystems.

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