GLOBAL NEWS 3
UBER - UK
The gig economy: why Uber is giving UK drivers worker status Uber announced it is to grant its “drivers” worker status in the UK, entitling them to all the benefits required under UK law. The move was prompted by a Supreme Court ruling. Uber said its UK mobility business represented 6.4% of all bookings in the fourth quarter of 2020, and while it would increase costs in the UK, it did not intend to pass those on to customers.
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SKYDIO - CALIFORNIA
Is Apple about to join the cloud computing fray? Redwood City, California-based drone manufacturer Skydio, which specialises in autonomous flight, raised its latest $170mn Series D led by Andreessen Horowitz’s Growth Fund. The company said it would use the funds to accelerate product development and expand globally.
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April 2021
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TESLA - TEXAS
Is Elon Musk planning a battery-powered utility company? A Tesla subsidiary known as Gambit Energy Storage is plugging a giant battery into the Texas energy grid by constructing a 100-megawattplus energy storage facility in Angleton, around 40 miles south of Houston - enough to power some 20,000 homes.
