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What’s around the corner for the EV market in 2023? • TechCrunch


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Hello, readers. Like haje and Christine told you last week, this week’s Daily Crunch will be a little different, as both are taking a break. However, you will still get some news on TC during this usually slow news week. I’ll also be sharing some of our favorite stories of the year from TC and TC+, so let’s get started! — Neither Christine nor Haje

Top 3 TechCrunch

  • 2023 will be the year electric cars really begin to take shapeDriven by policy initiatives from governments and billions of dollars in investments from automakers, we can safely say that the electric vehicle industry has begun to take shape. ,” Rebecca write.
  • There is no “next Twitter,” he said: Devin writes that it’s perfectly fine if there isn’t an alternative to Twitter that some of us already know and struggle with: “Had to refuse the vain choice of plunging into The Next Twitter. Twitter is more than a product: it’s a well-timed moment, an unrefined expression of digital ability that, like any such raw element, is destroyed as often as it is created. . It’s necessary and enjoyable, but these messy pleasures have messy endings. To recreate it now, with only superficial lessons, would be like rebuilding a ruined castle on the same moving sand. Watch out for it to sink!”
  • “It’s all in (lack of) details”: Zack and CarlyOur neighborhood-friendly cybersecurity reporters reviewed the year’s worst-handled data breaches.

Start-ups and VC

  • in wind turbines: Harri writes that robotics startup Aerones, which specializes in the inspection and testing of wind turbines, has raised $39 million in funding from undisclosed investors.
  • multifaceted fintech: Jakarta-based Akulaku has raised $200 million. Fintech, operating in the Philippines and Malaysia, offers virtual credit cards and installment shopping platforms, as well as investment platforms and neobanks, Catherine write.
  • A look at money: Indian fintech company Money View has raised $75 million in a new round to scale its credit business and build more products, Manish write.

High-growth startups should start reducing risk on the road to IPO now

Image credits: Richard Drury (Opens in a new window) / Beautiful pictures

It sounds counter-intuitive, but in this cold fundraising environment, late-stage startups need to consider going public.

“While some companies delay their IPOs, others can catch up and prepare for market timing,” writes Carl Niedbala, COO and co-founder of commercial insurance broker Founder Shield. Open schools are ready to invest again.

In a detailed article on TC+, he examines why “reasonable companies are mitigating risks on their path to publicisation”, which areas are best positioned and perhaps worth the money. Most notably, which criterion indicates “that they will conduct an IPO in the future”.

Two more and in retrospect:

  • Six climate technology trends: Many investors are looking to get into the climate tech space and we have some ideas on where they will invest their money, Heart report.
  • FOMO is overkill: Several investors talked about how due diligence and investment practices have been impacted this year and how we can learn from the biggest mistakes. Dominic-Madori and Ron there are more.
  • Look back: Karan Bhasin includes 10 investors’ thoughts on no-code/low-code startups for the first quarter of this year. We will be conducting a new no-code/low-code survey in Q1 of 2023, so if you are an investor interested in this field and want to participate, Contact us here.

TechCrunch+ is our membership program that helps founders and startup teams get ahead. You can register here. Use code “DC” to get 15% off your annual subscription!

Big Technology, Inc.

  • Struggling in India: Amazon and Uber are among the companies cited by research firm Fairwork India for creating unfair working conditions for gig workers. Manish there are many more.
  • balance out: If what you’re looking for is a report on how you’re interacting with your computer, then Balance has your back and can even help you adopt some healthy computer habits if that’s the case. your goals in the New Year. Ivan write.
  • What is coming to AI: Kyle also put on his prediction hat over the weekend to let us all know what we can expect on the AI ​​front in 2023.

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