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You are at:Home»Transportation»Lucid loses her CEO and “Founder” comes for FLEXPORT
Transportation

Lucid loses her CEO and “Founder” comes for FLEXPORT

techtost.comBy techtost.com28 February 202507 Mins Read
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Lucid Loses Her Ceo And "founder" Comes For Flexport
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Welcome back to the TechCrunch mobility – Your central hub for news and ideas for the future of transport. Sign up here for free – just click TechCrunch!

Clear engines He gave a surprise this week when he announced that CEO and CTO Peter Ratsinson resigned. The speculation on departure, which involves abandoning a seating of the boat, was reinforced when Rawlinson did not attend the fourth quarter profits.

Senior journalist Sean O’Kane It has all the details, including the way the EV manufacturer, which fills the top spot (for now) and what are the goals of the company. Rawlinson will be around with some property, although it should be noted that he will not be there daily, nor will he have any decision -making principle. The company said it would serve as a “strategic technical adviser” to Turqi AlNowaiser, who is chairman of the Board of Directors and a senior official at the Saudi Arabian wealth fund – a majority owner of Lucid.

So where is Lucid going from here? It has to sell more EV – that is, the new gravity SUV – and reduce costs. This is not a small feat, especially taking into account Lucid also develops a new medium -sized (more $$$) platform that is expected to start at the end of 2026.


Before moving to the rest of the news, I wanted to point out an article about Bending Chief executive Ryan Petersen And a suite of new products and features that started the start of goods and logistics. Many of these new products use AI, which is not what has fallen into my eye.

It is the pace of growth. Petersen told TechCrunch that this is the first in a series of six-month announcements of this kind-à la Airbnb. Petersen said that Airbnb’s founder Brian Chesky for the founder is what inspired the strategy. The viral moment for the “Founder Function”, which was powered by Paul Graham’s reportIt can end. But Petersen’s latest move shows that this management strategy does not fade soon.

A little bird

Image credits:Bryce durbin

Remember his big round Cruise redundancies that occurred earlier this month? For those who do not, a parent company Gm He announced that it would reduce Cruise’s workforce by almost 50%. The cruise ruins are supposed to move under the parent company General Motors, as the automotive industry is directing its resources to improve the Super Cruise system of the driver’s Super Cruise system-and ultimately the release of personal autonomous vehicles.

Some little birds have told us some more layoffs from the original round, namely that the cruise marketing team – about eight people – has been rejected. We hear that the Financial and Legal Departments will probably follow as soon as the transition is completed.

Do you have a tip for us? Email Kirsten Korosec to kirsten.korosec@techcrunch.com or my signal at kkorosec.07, Sean O’Kane at sean.okane@techcrunch.com, or rebecca bellan at rebecca.bellan@techcrunch.com. Or check these instructions to learn how to contact us through encrypted messaging applications or securedrop.

Offers!

Station money
Image credits:Bryce durbin

Let’s start with the world world of transport. Last month, the Dutch food delivery giant Just eat the takeaway are sold Punch For $ 650 million, a fraction of $ 7.3 billion valuation that the tradition had when it was acquired in 2020. Now, just eat takeaway is what is full.

World Technology Society Strict reached a Market agreement Just eat the takeaway for a cash of 4.1 billion euros. If the deal is completed, Prosus will become the fourth largest food delivery group worldwide.

Other agreements that received my attention …

Aiden Autoa connected vehicle technology and start -up data starting, set $ 4.2 million In a round of seed funding led by Nuri Venture partners. Other investors include insurance, Tengro Ventures, Band of Angels, Fund Mentors, Start Equity Ventures, Conxcity and Weltham Capital as well as an anonymous group of angel and family offices. The San Francisco -based start -up, founded by former Volvo engineers, has raised $ 6.1 million to date.

AIROAn aerospace and defensive company based in Albuquerque, New Mexico and Washington, DC, was deposited for approximately estimated 100 million IPO. The company plans to record the NASDAQ exchange.

CircuitA short trip start, electric buses Solutions, set $ 17 million As part of a round of B. Private MKB Investment Company, as well as existing Tribeca Venture Partners and Encip Engine investors, participated.

Donut laboratorysubsidiary of Verge Motorcycles developing electric engines and other related technologies, set 15 million euros. The company’s anchorage investor is Risto Siilasmaa, founder of companies in cyberspace F-Secure and Secure and former Nokia Board of Directors. Siilasmaa will also participate in the Donut Lab board.

JoseAn African boot offering a walk, commerce, vehicle financing and digital banking across Togo, Benin, Gabon and Cameroon through its implementation, raised $ 30 million in a round of funding of the B. SAS services and Al Mada Ventures.

BromicA Bengaluru, India -based Starting that provides funding for commercial and passenger EVS, set $ 2.5 million by booming businesses.

Notable reading and other tidbits

Image credits:Bryce durbin

Autonomous vehicles

AAA Released the annual survey designed to measure consumer interest and acceptance of advanced driver assist systems and robbery. TL · Dr: Enthusiasm for self-guidance vehicles is low-only 13% of the drivers as asked consider priority, a decrease from 18% in 2022 and it seems that many are not interested in using them, with 53% saying they would not choose to lead to one. In the meantime, the interest in Adas is high, especially around features such as automatic emergency braking.

Hairpin Autonomous pavement delivery robots have arrived in Japan. Yandex Spinout has launched commercial businesses in central Tokyo with a fleet of about 10 robots.

Electric vehicles, charging and batteries

Aston Martin Cut 170 jobs and pushed back the plans to start an EV (will ever happen?). The company will work instead of an extremely luxurious hybrid model.

Last week, I highlighted Sean’s article that examined how and who organized the Tesla acquisition Movement, which led to protests in Tesla showrooms in dozens of US cities. Now it seems that the Tesla redemption movement is gaining some attraction. The question is how long it will insist and whether it will affect Tesla’s lower line as the hope of protesters.

Energy rangeA start -up that developed electricity semi -disposal, mixes its executive deck. Founder and CEO Ali Javid He moves on to the president and the role of the CTO, the company told TechCrunch. Jon Foster, the former Zox CFO, who helped acquire Amazon’s autonomous vehicle company, is the new Range CEO.

Future of flight

Aircraft released his earnings And here’s what we know. Electric vertical take -off and landing starts says it is on the right track to deliver an aircraft to Dubai until mid -2025, when it proves the readiness of the vehicle to carry passengers. The company now has five aircraft in its test fleet and makes progress at Stage four of the press certification. Joby said he expected to go through the final step of the FAA certification process over the next 12 months. But this is a costly pursuit: Joby’s net loss for 2024 was $ 608 million.

Technology in the car

Four years ago, Google It was hit with an antitrust fine of 100m euros from Italy’s competition to refuse to leave an application for the unloading of third -party electric cars developed by Enel to integrate with the Android Auto platform. Senior journalist Natasha Lomas He wrote about a new ruling by the European Union Court that confirmed the view of the Monitoring Organization that Google’s original block can be an antitrust abuse.

The conclusion? The WEU decision sets out the terms for technological giants when it comes to interoperability that could be widely applied to applications that seek to connect their products to basic platforms.

Wheels of this week

Nothing this week but stay tuned.

What is “this week’s wheels”? It is an opportunity to find out about the various transport products we are tasting, whether it is an electric or hybrid car, an electronic bike, or even a ride in an autonomous vehicle.

CEO clear Flexport founder loses Lucid techcrunch mobility
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