# Venture Capital Shifts to AI Development, Hybrid Mobility, and Space Infrastructure

**Podcast:** TechCrunch Daily Crunch
**Published:** 2026-06-10

## Transcript

This is TechCrunch.
Entdecke jetzt die Qubo Kapselmaschinen in deiner Qubo Fiale und auf Qubo.de.
and all the bizarre ways people are using the internet.
Listen on bbc.com or wherever you get your podcasts.
An eScooter founder has raised $5 million to build space data centers.
I'm Imran Shaikh and Wednesday's edition of The Daily Crunch starts right now.
Now, EvoTrux has been around for just two years, but the startup, well, it's already planning to build and sell its first hybrid RV travel trailers next year, targeting around, get this, 1,000 units annually.
Now to get there, Evotrex has closed a $30 million Series A funding round, bringing its total raise to $46 million.
Much of that came from a consortium of Chinese and Hong Kong-based investment firms like GSR United Capital, Forebright Concerto Capital, TIGG Ventures, and Pegasus Capital, among others.
Anchor, the consumer electronics company, is among its seed investors.
The LA-based startup is going to need that capital to finish building and testing its RV, which it revealed at this year's Consumer Electronics Show after emerging from stealth mode last year.
It will also need to hold its ground in a crowded field of startups.
Legacy manufacturers have been slow to get going, Thor's first electric vehicle is going to rental fleets rather than dealerships, and Winnebago's ERV2 has been in field testing since 2023 without reaching consumers.
That gap has drawn a wave of startups and EvoTrux is racing to fill it first.
In more startup news, Europe's fast-growing vibe-coding startup Lovable tells TechCrunch it surpassed $500 million in annualized revenue run rate.
Now, Lovable last discussed its revenue in February when the company said it crossed $400 million.
In August of 2024, Lovable said it could hit $1 billion in annualized revenue within 12 months.
Well, so it may not be on track to double that figure by summer, but it's still reporting jaw-dropping growth.
I mean, the company, founded in late 2023, hasn't even yet hit its three-year anniversary.
The company is also claiming that it has been used to build over 50 million projects and says usage has accelerated to 1 million new projects a week.
According to a survey of those projects that run on the company's blog, Lovable says its users are primarily non-technical, yet are increasingly building software they intend to monetize or use in their businesses.
In other words, the company is saying its users are founders, designers, and salespeople building websites and e-commerce storefronts, as well as internal tools like CRMs, inventory systems, and HR platforms.
And finally, here's one metric for tracking SpaceX's IPO later this week.
The company's changed the venture industry's perspective on long-term, capital-intensive space so much that a talented founder with no space experience can fund a space data center company.
You see, Orbital, a new firm that emerged in May for May 16's E's startup accelerator program Speedrun, with a $5 million seed round, is the latest company promising to do inference in space.
Just as soon as Starship is flying regularly.
Other investors include Basis Set, Human Element, Wayfinder, Antler, AntiFund, Ascent, Rubik, Zero Knowledge Ventures, LYVC, Field Ventures, New Legacy, Founder, spelled F-N-D-R, UpHonest, and Asterix.
Founder and CEO Ewan Poon previously founded e-scooter company Spin way back in 2017 and sold it to Ford a year later, joining the automotive giant.
When he was ready to start a new company, A16Z's speedrun was eager to get on board, according to partner Andrew Chen, who told TechCrunch that Poon worked through several ideas before landing on space data centers.
And folks, that's your Daily Crunch.
Today's stories were reported by Tim Fernholz, Sean O'Kane, and more awesome TechCrunch journalists.
We'll see you here tomorrow, same Tech Time, same Crunch channel.
And until then, find us at TechCrunch.com.