L.A. Tech Auto show, travel apps and CEOs as models among week’s L.A. tech highlights

By November 24, 2015News
EV Connect featured in the LA Times

By Paresh Dave

Tinder. Now that it’s part of a publicly traded company, will the outside world — including stock analysts — learn much more about Tinder’s operations than the little they know now?

Tinder is the West Hollywood-based casual sex and dating app. It’s part of the Match Group, which issued an initial public offering last week.

It remains to be seen whether Match will now offer significant transparency on Tinder in the reports it files with theSecurities and Exchange Commission. “It is not easy to separate out Tinder from the rest of the business,” BTIG analyst Brandon Ross said in a note Monday. Financial analysts are concerned that more date-seekers will gravitate toward Tinder, whose revenue-generation model remains unproven, leading to struggles for the other brands and the overall business.

Cars. The Los Angeles Auto Show opened last week with plenty of hype around self-driving cars. John Zimmer, chief executive of ride-hailing app Lyft, said he doesn’t plan to teach his daughter how to drive, because, why bother. And the president of the Los Angeles Taxicab Assn. predicted that self-driving taxis eventually would lower fares85%, to about 25 cents a mile.

Batteries. In other car news, EV Connect, a start-up that installs charging stations for electric vehicles and then provides software to manage them, announced a $2.7-million cash infusion. Investors in the El Segundo company include Double M Partners, Olympic Investors, 37 Technology Investors and ImpactAssets. EV Connect customers include Yahoo, Hilton Worldwide and the California Department of Transportation.

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