Daily Crunch: Japanese marketing tech firm Geniee acquires Zelto for $70M

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Manish writes about how Japan’s Geniee acquired AdPushup-operator Zelto for $70 million, which he calls “a remarkable turnaround” for Zelto, a company that has faced a few near-death experiences, including cash flow and product market fit problems, during its 10-year-old life.

Tim Stevens reports on VW-backed Scout Motors’ plans to build a $2 billion factory in South Carolina to produce its all-electric vehicles.

Manish also writes about India’s central bank fining Amazon’s payments unit over $370,000, claiming the company was noncompliant with certain know-your-customer guidelines.

Tim Stevens also reports that while most established automotive players call the shots from sprawling, corporate palaces, Scout bases much of its operations – at least for now – out of a WeWork near Washington, D.C.

Tim De Chant writes about investors betting the house on the ocean to fix climate change, surveying Daniela V. Fernandez, Tim Agnew, Peter Bryant, Kate Danaher, Francis O’Sullivan, Stephan Feilhauer, Sanjeev Krishnan, Rita Sousa, Christian Lim, and Reece Pacheco.

Rebecca writes about Uber’s attempt to mimic the Instacart model by updating its one-year-old Shop and Pay feature.

Kirsten reports that autonomous trucking company Embark Trucks, which went public in 2021, is now laying off about 230 workers as it explores liquidating its self-driving truck assets.

Don’t miss out on all the important news and stories from TechCrunch. Subscribe here and get a roundup of the biggest and most important stories delivered to your inbox every day at 3 PM PST!
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