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“Affordable Navigation Alternative: Tern AI’s Solution for Decreasing GPS Dependency”

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“We’ve got an increased threat from foreign adversaries who have shown capabilities to jam, to destroy, to spoof the signals of GPS, which is scary,” Shaun Moore, CEO and co-founder of Tern AI, a startup that wants to provide an alternative to GPS, told TechCrunch. The current system works by having GPS receivers in cars or phones pick up signals from satellites orbiting the earth. The GPS receivers then use the time it took for each signal to travel to calculate the distance to each satellite. “GPS technology has not meaningfully changed in 50 years, and what we’re seeing put forth as solutions to resolve or mitigate risk are just marginal improvements. “When we first met Tern AI, what stood out the most was how differentiated and scalable their approach was to solving a critical problem in national security,” said Stephen DiBartolomeo, principal at Scout Ventures.

Observing: Difficulties facing electric vehicle manufacturers, with Fisker in a particularly delicate situation.

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Fisker’s finances are back in the news after the company warned back in February that it didn’t have enough cash to make it through its next year. The company said this week that it intends to halt production for six weeks to get its business back in order. Softening demand growth for EVs is making the normal challenges of scaling a company all the harder for Fisker and its peers. Not that we’re all doom and gloom here at TechCrunch — we’re actually rather bullish on the prospect for EVs in the near and far future. Let’s take a look at what’s going on under the hood here: