Every day Crunch: Japanese advertising tech agency Geniee acquires Zelto for $70M

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The TechCrunch Prime 3

  • All roads result in acquisition: Manish writes that after Japan’s Geniee acquired AdPushup-operator Zelto for $70 million. He known as the deal “a exceptional turnaround” for Zelto, an organization that has stared down a couple of near-death experiences, together with money stream and product market match issues, throughout its 10-year-old life.
  • Candy (South) Carolina, bup, bup, bup: VW-backed Scout Motors has plans to construct a $2 billion manufacturing unit in South Carolina to provide its all-electric automobiles. Tim Stevens has extra.
  • Fined: Manish additionally writes about India’s central financial institution, which fined Amazon’s funds unit over $370,000, claiming the corporate was noncompliant with sure know-your-customer tips.

Startups and VC

Whereas most established automotive gamers name the pictures from sprawling, company palaces, Scout bases a lot of its operations — at the very least for now — out of a WeWork close to Washington, D.C., Tim Stevens studies. Scout Motors’ base of operations will finally “anchor” close to the $2 billion manufacturing unit in South Carolina that was introduced Friday, and the corporate plans to deliver rugged, retro cred to the EV period.

And we now have 5 extra for you:

To repair the local weather, these 10 buyers are betting the home on the ocean

Ships assembling a floating offshore wind turbine

Picture Credit: Liang Wendong/VCG (opens in a new window) / Getty Pictures

Tapping the ocean for vitality led to disasters just like the Deepwater Horizon oil spill, which launched almost 5 million barrels of crude oil into the Gulf of Mexico in 2010. In the present day, wind energy and wave motion are simply two applied sciences main buyers to take a better have a look at ocean conservation know-how, studies Tim De Chant. To be taught extra concerning the alternatives they’re chasing and to find how local weather change is shaping their funding thesis, he surveyed:

  • Daniela V. Fernandez, founder and CEO of Sustainable Ocean Alliance, managing associate at Seabird Ventures
  • Tim Agnew, basic associate, Daring Ocean Ventures
  • Peter Bryant, program director (oceans), Builders Initiative
  • Kate Danaher, managing director (oceans and seafood), S2G Ventures
  • Francis O’Sullivan, managing director (oceans and seafood), S2G Ventures
  • Stephan Feilhauer, managing director (clear vitality), S2G Ventures
  • Sanjeev Krishnan, senior managing director and chief funding officer, S2G Ventures
  • Rita Sousa, associate, Faber Ventures
  • Christian Lim, managing director, SWEN Blue Ocean Companions
  • Reece Pacheco, associate, Propeller

Three extra from the TC+ crew:

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Huge Tech Inc.

It was solely a matter of time earlier than one other firm would attempt to mimic what Instacart has going for it. In the present day that’s Uber. Rebecca writes that Uber is coming for Instacart with some updates to its one-year-old Store and Pay characteristic that lets supply staff choose in to receiving journeys to do grocery or different retail looking for prospects earlier than dropping off orders on the buyer’s door. “Principally, it’s Uber’s try to observe the Instacart mannequin, which is working properly for the incumbent grocery supply firm,” she studies.

Autonomous trucking firm Embark Vehicles, which went public in 2021, is now shedding about 230 staff because it explores liquidating its self-driving truck property, Kirsten studies.

And now right here’s six extra to your Friday: