Yellow, a Brazil-based mobility startup, just raised a $9 million seed round for its dockless bike-share service.
Yellow was founded by Ariel Lambrecht and Renato Freitas, who sold their ride-share company 99 to Didi in a $1 billion deal earlier this year. Yellow’s third co-founder is Eduardo Musa, CEO of bike manufacturer Caloi.
Yellow intends to use the funding to deploy its first 20,000 dockless bikes. This summer. Yellow plans to deploy a total of 100,000 bikes. Ultimately, Yellow envisions deploying more than one million bikes.
“As local residents, we’re acutely aware of the pain points caused by Brazil’s inefficient public transit, and we built Yellow [...]
US spaceflight startup Rocket Lab is officially open for business and has scheduled its very first commercial launch for later this month. The company will launch its small Electron rocket with payloads from two paying satellite operators on board — just three months after completing a second test flight of the vehicle. The upcoming mission will initiate the beginning of customer operations for Rocket Lab, which claims to have a busy manifest for this year and next.
After four years of developing the Electron, Rocket Lab flew the vehicle for the first time in May 2017 out of the company’s own private launch site in New Zealand. That test flight — [...]