Monthly Archives: September, 2022

Bolt Mobility, the Miami-based micromobility startup co-founded by Olympic gold medalist Usain Bolt, appears to have disappeared without a trace from several of its US markets. In some cases, the departure has been abrupt, leaving cities with abandoned equipment, unanswered calls and emails, and many questions.

Rolls-Royce and Hyundai have partnered to develop a fuel cell electric propulsion system for advanced air mobility. The collaboration will combine Rolls-Royce's aviation expertise with Hyundai's hydrogen fuel cell technology. Together, the automakers aim to offer a joint demonstration of fuel cell electric aircraft by 2025.

For a long time, distributed work for venture capitalists looked like a headquarters divided between two cities in different parts of the world. Now, it may look like “the cloud”. Andreessen Horowitz, a venture firm turned registered investment adviser, says its "headquarters will be in the cloud" in the future, according to a blog post written by founding partner Ben Horowitz.

With ambitions to make a dent in the clothing market, Amazon today opened its first physical clothing store, Amazon Style, in Los Angeles.

Passenger transportation start-up Alto believes that the current freelancer-based market is inherently broken. Drivers' wages are depressed by the costs of owning and maintaining a vehicle, passengers are not guaranteed high-quality service, cities have had to deal with angry taxi drivers, and app-based companies themselves have undercharging users to expand into new markets are yet to see the gains from a growth-at-all-costs mindset.

Investors are pulling back as fears of a recession mount. In the first quarter of 2022, global business funding declined 19% to $143,9 billion from the previous quarter's record high, according to CB Insights.