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santa monica

Image courtesy of URB-E

Whether it's Amazon’s enormous investment in electric vans or Starship Technologies’ autonomous food transport rovers, there’s no shortage of tech companies looking to electrify last-mile deliveries and cut carbon emissions.

URB-E, a Los Angeles-based startup, may have the simplest solution of all: electric bicycles. With its fleet of souped-up, battery-powered custom e-bikes equipped with collapsible box trailers, the company is ferrying meals, groceries, ecommerce orders and other packages to doorsteps in L.A. and New York City.

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Photo by Kelsey Knight on Unsplash

Pour one out for Winc.

The wine subscription company behind Summer Water and Wonderful Wine Co started trading on the New York Stock Exchange on Thursday and received a tepid welcome from investors. The stock debuted at $13 per share and climbed to a high of $14.20 before closing at $12.27, down by about 5%.

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Photo by Executium on Unsplash

PayPal-backed fintech startup Tala has raised $145 million in a Series E round to expand its financial services in countries in emerging markets and to develop a mass-market crypto product.

The raise was led by lending platform Upstart with participation from the Stellar Development Foundation, bringing the total raised by the Santa Monica-based company to more than $350 million.

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