transportation

transportation

In Alex Israel’s utopia, you may never have to take out your credit card again.

Israel is the co-founder and CEO of Metropolis Technologies, a Los Angeles-based fintech and “mobility commerce” platform that has just raised $167 million in Series B funding, it announced on Wednesday. The round was co-led by L.A.-based growth equity firm 3L Capital and mobility-focused Assembly Ventures, with participation from Dragoneer Investment Group, Eldridge Industries, Silver Lake Waterman and UP Partners.

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Photo: Phoenix Motorcars

Electric vehicle startup Phoenix Motorcars went public today—raising only 10% of its originally planned, $150 million IPO target in a reflection of the bearish conditions facing both EV stocks and the stock market at large.

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Santa Monica-based electric scooter firm Bird is laying off 23% of its staff in an effort to cut costs.

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