MESA, Ariz., June 8, 2022 /PRNewswire/ — Atlis Motor Vehicles (ATLIS), a start-up mobility technology company, announced today the signing of a Memorandum of Understanding with defense vehicle developer Advent Atum, headquartered in Holsworthy, New South Wales, Australia. Under the agreement, Advent Atum will purchase ATLIS’s fully electric vehicle platform, the ATLIS XP, to use… Continue reading ATLIS MOTOR VEHICLES SIGNS AGREEMENT WITH AUSTRALIA-BASED ADVENT ATUM TO PROVIDE XP PLATFORMS FOR AUTONOMOUS DEFENSE PRODUCTS
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eDreams ODIGEO hits 3 million members milestone with its innovative subscription program
After tripling its subscriber base in just one year, Prime, the world’s first travel subscription service, has reached 3 million members The continued and exponential growth of Prime is indicative of the company’s success in evolving from a transaction-led business to a subscription-based model New territories are planned to launch later this year, with the… Continue reading eDreams ODIGEO hits 3 million members milestone with its innovative subscription program
Norfolk Southern launches innovative partnership to give shippers a new option to reach West Coast markets
“The current environment has led shippers and carriers to think creatively about moving their goods,” said Shawn Tureman, Vice President Intermodal & Automotive Marketing for Norfolk Southern. “In response, our team took a customer-centric approach by formulating a partnership with Hapag-Lloyd and Union Pacific, providing a new option for shipping to markets in the Western United States.” Union… Continue reading Norfolk Southern launches innovative partnership to give shippers a new option to reach West Coast markets
B-Stock Announces ReverseLogix as Returns Management Solutions Partner
Unique Partnership Allows Retailers to Seamlessly Resell Product Returns While Providing Customers with Unparalleled Convenience Across ReCommerce Experience BURLINGAME, Calif., June 8, 2022 /PRNewswire/ — ReverseLogix, a provider of end-to-end returns management systems, today announced a partnership with B-Stock, the world’s largest business-to-business marketplace for returned, excess, and other liquidation merchandise. The partnership provides merchants… Continue reading B-Stock Announces ReverseLogix as Returns Management Solutions Partner
Toyota’s Skunkworks Chief “Incredibly Optimistic” on Climate
The layered components of an Infinitum Electric axial-flux motor are shown here, in exploded form.INFINITUM ELECTRIC This saving of energy is critically important: Software may be eating the world, but electricity is increasingly what makes the world go round. Electric motors consume a little over half of the world’s electricity today. Some 800 million motors… Continue reading Toyota’s Skunkworks Chief “Incredibly Optimistic” on Climate
Asia Digest: LUCA Science raises $30m; Solana launches $100m fund …
Japanese biopharma producer LUCA Science has raised a ¥3.86-billion ($30.3 million) oversubscribed Series B financing round while Solana Ventures and the Solana Foundation have formed a $100-million fund. LUCA Science raises $30.3m Japan’s LUCA Science has raised ¥3.86 billion ($30.3 million) in an oversubscribed Series B financing round co-led by DCI Partners, 4BIO Capital and… Continue reading Asia Digest: LUCA Science raises $30m; Solana launches $100m fund …
HSBC shuts down Hong Kong-based trade startup Serai
A Hong Kong-based trade platform launched by HSBC Holdings three years ago with much fanfare has shut down after failing to build a commercially viable business, the London-headquartered bank said on Wednesday. Serai, a wholly-owned subsidiary of Europe’s biggest bank, that connected small-and-medium-sized apparel makers with component suppliers worldwide, was HSBC‘s first investment in a non-banking tech startup.… Continue reading HSBC shuts down Hong Kong-based trade startup Serai
Malaysia’s e-commerce aggregator iPrice Group lays off 20% employees
iPrice Group, the Southeast Asian e-commerce aggregator platform, announced that it has laid off 20% of its staff as part of several measures to focus on its core mission “to help people save money” shopping online. The move comes three months after the company announced a $5-million investment from Japanese conglomerates Itochu Corporation and KDDI… Continue reading Malaysia’s e-commerce aggregator iPrice Group lays off 20% employees
Jiraaf raises $7.5m from Accel, others and India deals worth $296m
Jiraaf, a platform for new-age, high-yield fixed-income investment opportunities, on Wednesday announced that it has raised $7.5 million in its Series A funding round led by Accel Partners, Mankekar Family Office, Aspire Family Office (Dr Bhaskar Shah) and other angel investors. The financing also saw participation from multiple angel investors, including Capital A, the founders of… Continue reading Jiraaf raises $7.5m from Accel, others and India deals worth $296m
German Handelsblatt: Diesel scandal: 288 million euros are not enough: VW shareholders want to overturn comparison with Winterkorn and Co.004451
It was a record deal: Volkswagen received around 288 million euros back from former CEO Martin Winterkorn, ex-Audi boss Rupert Stadler and other former managers and insurers for breaches of duty in the diesel scandal. But many VW shareholders were not impressed. On the contrary: They attacked the group management hard for the comparison –… Continue reading German Handelsblatt: Diesel scandal: 288 million euros are not enough: VW shareholders want to overturn comparison with Winterkorn and Co.004451