TechCrunch Summary (2023-06-02 12AM)

Source: Volkswagen targets cool with a new American-sized ID.Buzz

Summary
Volkswagen’s electric van, ID. Buzz, made its debut in the US. The US version is 10 inches longer than its European counterpart to accommodate a removable third row. The US Buzz is expected to go on sale in Q3 2024, and will sport a 91 kWh capacity battery pack, offering up to 260 miles range.

Facts

🚐 The US version of Volkswagen’s ID. Buzz electric van is 10 inches longer than the European version to accommodate a removable third row.

🇺🇸 U.S. customers overwhelmingly preferred a third-row bus according to Volkswagen Group CEO of the Americas Pablo Di Si.

🔋 The US version of the Buzz will have a more significant 91 kWh capacity battery pack than what is available in Europe.

🧳 The all-wheel-drive version will output 330 horsepower and have a range of about 252 miles with an EPA target.

🔌 The vehicle supports up to 200kW at a compatible DC fast charging station and 11kW for at-home AC charging.

Source: NestAway, once valued at over $225 million, sells for $11 million

Summary
Indian startup NestAway, valued at $227m in 2019, has been acquired by Aurum for $10.9m, including an investment of $3.6m to stabilise the business. NestAway had raised $115m from investors including Sequoia Capital India, Tiger Global and Goldman Sachs, but saw revenues shrink from $9.5m in 2020 to $3m in 2022, partly due to Covid.

Fact
💰 Aurum is acquiring NestAway for up to $10.9m, including a $3.6m investment.
📉 NestAway saw its revenue fall from $9.5m in 2020 to just $3m in 2022.
👥 NestAway had raised $115m from investors including Sequoia Capital India and Goldman Sachs.

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