TechCrunch Mobility: Lime’s IPO gamble

TechCrunch Mobility: Lime’s IPO gamble

Welcome back to TechCrunch Mobility, your hub for the future of transportation and now, more than ever, how AI is playing a part. To get this in your inbox, sign up here for free — just click TechCrunch Mobility! After years of hints and preparation, the Uber-backed electric bike and scooter rental startup Lime filed…

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Porsche shutters e-bike, battery, software subsidiaries as part of company overhaul

Porsche shutters e-bike, battery, software subsidiaries as part of company overhaul

Porsche is closing three of its subsidiaries as it copes with falling sales and declining profits, the German automaker announced Friday. The automaker’s battery subsidiary, Cellforce Group, is perhaps the highest-profile casualty. The division had already been through a “realignment” in August after Porsche dropped plans to make its own batteries, turning Cellforce into a…

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