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Chinese electric car and bus manufacturer BYD Motors said Thursday that it has agreed to mutually terminate a contract with the LongBeach Transportation Company , for ten electric buses for the city. The contract had been worth $12.1M; LongBeach is expected to reopen bidding on the contract. READ MORE>>.
The fight between Los Angeles taxicab drivers and services like Lyft and Uber haas just gotten even more interesting, as mobile app developer Flywheel said it has launched in Los Angeles. The company also said it is offering up a $10 ride credit in Los Angeles for users to try out the service, with promo code FLYLA10.
Laguna Hills-based See Jane Go , a startup which operates a ridesharing service driven by, and which serves just women, has raised $2.47M in an angelfunding, the company said Tuesday. See Jane Go currently offers it service in Orange County and LongBeach, with plans to expand to the rest of Southern California using the funding.
million from investors Trucks VC, Kapor Capital, JFF, Energy Impact Partners and The Fund. The funds will be used to build out its platform, hire beyond its 27-person workforce and expand its service area. Terry said it could take as long as 30 days to get an electrical contractor on site to repair these non-electrical problems.
A new, startup accelerator, aimed at startups and small-and-medium-sized businesses looking to go global, says it is launching this summer in Los Angeles. The International Business Accelerator already has an existing program at LongBeach City College. READ MORE>>.
LongBeach-based investor Sunstone Venture Capital Fund says it has participated in the funding for supersonic airplane maker Boom Supersonic. Sunstone did not say how much it invested in the round, which was announced last week by Denver-based Boom Supersonic. new-immigrant families.
Relativity Space expands its rocket-printing operations into an enormous new LongBeach HQ. funded, staffed, operated, and launched,” Ellis said. So the company has been working with Vandenberg Air Force Base, near Los Angeles, to establish a spot where polar and sun-synchronous orbits are possible.
The feature is now available in Chicago, Las Vegas, LongBeach, Calif., Los Angeles, Miami, New York City, Phoenix, San Francisco, San Diego, Seattle, Orange County, Calif. Earlier this year, Postmates raised an additional $100 million in equity funding at a $1.85 cities in which it currently operates. and Philadelphia.
Irvine-based Bikestation , a developer of facilities for bicycle commuting, has scored an investment from the Tech Coast Angelsangel investment group, the TCA said this morning. According to the Orange County arm of the Tech Coast Angels, the investment was led by Raulee Marcus.
LongBeach-based Bikestations , an angel-backed startup developing modules used for storing bicycles at train stations, bus stations, and elsewhere, said today that it has contracted for install of a center, at the Covina Metrolink station. Bikestation is angel backed by the Tech Coast Angels.
Los Angeles-based Dray Alliance , a startup focused on on-demand, short haul container delivery, has raised $3.5M in a seed funding round, the company said on Monday. The funding came from Craft Ventures, the venture funding company run by David Sacks. Dray Alliance is led by CEO Steve Wen. READ MORE>>.
With an angle on a long-neglected part of the shipping industry — the short-haul movement of cargo from docks to logistics centers — Dray Alliance is joining a growing startup scene for logistics businesses based in Los Angeles. Trucking logistics company NEXT Trucking takes in a $21 million haul. The company has raised $3.5
LongBeach-based Funraise , which develops nonprofit fundraising software, has raised $9.7M in an investment in its Series A funding, the company said this week. According to Funraise, the funding was led by Toba Capital, and also included angel Blaine Vess, the founder of Student Brands. READ MORE>>.
LongBeach-based 3D, printed rocket developer Relativity Space said on Tuesday that it has raised another round of funding--worth $650M--to go towards production of its first rocket. The Series E funding brings the company's total raised to more than $1.9
Embark , a Silicon Valley, autonomous vehicle startup which is developing self driving, long haul trucks, said today that it has raised $30M in a Series B funding, to specifically build out its operations in the Los Angeles area. The company, based in San Mateo, has now raised $47M in funding. READ MORE>>.
He was running to be the 42nd mayor of Los Angeles and he outlined his vision to “open up the city government to technology and innovation” if he were elected. Having more great investors is critical to more entrepreneurs staying in LA, which is critical to my long-term success!” And this is true. LA has only just begun.
in funding, according to the latest numbers from the PricewaterhouseCoopers MoneyTree report, based on data from Thomson Reuters. in funding in Q3, down from the much larger, $2.5 billion in funding received in the region in Q2. Q2 fundings in Southern California were much higher, due to a giant $1.27 READ MORE>>.
Los Angeles-based Fuel50 (www.fuel50.com) We're working from Manhattan Beach and LongBeach, and we've found that Southern California is really friendly. It was really a meeting of the minds with the fund. Finally, with the new funding, what's next for you?
Since 1981, the Los Angeles Economic Development Council (LAEDC) has worked to attract, retain and grow businesses among LA Countys 10 million residents, via free business assistance and attraction programs, economic research and analysis, real estate advisory services, trade and investment assistance, and public policy leadership.
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