Zhejiang Tianneng New Materials, which focuses on the recycling and disposal of waste lithium-ion batteries, has secured 1 billion yuan ($137.2 million) in a Series A round of financing. Chinese venture capital (VC) firm Puhua Capital and CICC Capital, the private equity (PE) investment arm of financial services group China International Capital Corporation Ltd (CICC),… Continue reading China’s Tianneng New Materials raises $137m in Series A roundChinese VC firm Puhua Capital and CICC Capital led the Series A round.
Category: Automotive
Sitrus Technology funding and 44 more Greater China deals worth almost $519m
Chip maker Sitrus Technology has secured 200 million yuan ($27.4 million) in an extended Series C round, participated by Shanghai-based investment firm Henglu Asset. A photonics industry development set up by a slew of state-affiliated firms including Chang An Hui Tong, and Shaanxi Finance Investment Management, among others, participated in the round. Founded in 2012,… Continue reading Sitrus Technology funding and 44 more Greater China deals worth almost $519m
Databricks seeks $43b valuation in new funding round
Databricks, a data analytics platform using artificial intelligence, is in discussions with T. Rowe Price about a new funding round that would value the company at $43 billion, Bloomberg News reported on Friday. These private discussions are at a preliminary stage and could fall apart, the report said, citing two people familiar with the matter.… Continue reading Databricks seeks $43b valuation in new funding round
NHAI enlists IIT for safety audit of Delhi-Mumbai e-way
With the traffic volume on the expressway increasing from 12,000 daily in the initial days to 28,000 vehicles at present, the number of accidents has also increased. According to NHAI officials, a few accidents are reported on the stretch every day The National Highways Authority of India (NHAI) is going to get a safety audit… Continue reading NHAI enlists IIT for safety audit of Delhi-Mumbai e-way
Honda is still trying to make its swappable electric motorbike batteries a thing
The field of swappable batteries for electric motorbikes is booming, and Honda is trying to play catch up with its own design. The Honda Mobile Power Pack e: (MPPe:) is headed to Indonesia as the company makes a play for greater international market share. The Honda MPPe: is a Gogoro-style swappable motorbike battery that even… Continue reading Honda is still trying to make its swappable electric motorbike batteries a thing
German Manager Magazin: Solid-state batteries for electric cars: Toyota, Volkswagen, Umicore and QuantumScape are looking for the new super batteries for electric cars002686
electromobility The new super batteries for electric cars Battery technology has developed rapidly over the past few decades. Now Toyota, Umicore, Volkswagen and BMW are tinkering with the next breakthrough: solid-state batteries. The ingredients for this are clear. An original text from The Economist 08/27/2023, 10:41 am Go to Source
Electromobility: Rimac Nevera is the fastest electric car on the Nürburgring
The Model S from Tesla cannot keep up with the electric super sports car from Croatia. (Rimac, electric car) Go to Source
E-SUV: Kia unveils compact EV5
Kia presented the production design for the new EV5 electric car for the first time at the Chengdu Motor Show in China. (kia, electric car) Go to Source
Maneuvering in the smallest of spaces: Schaeffler launches new rear-axle steering
Schaeffler has developed a new mechatronic rear-axle steering that is now going into series production. It should allow cars small turning radii. (electric car, automobile) Go to Source
@niche: DOUBLE PODIUMS FOR AARON PLESSINGER AND TOM VIALLE TO CLOSE OUT 2023 AMA PRO MOTOCROSS SEASON002895
CRAWFORDSVILLE, Ind. – Red Bull KTM Factory Racing teammates Aaron Plessinger and Tom Vialle both claimed third-place results to conclude the 2023 AMA Pro Motocross Championship on the podium at today’s Ironman National, with fan favorite Plessinger also finishing P3 in the final 450MX standings. Plessinger qualified in sixth place at the 11th and final round… Continue reading @niche: DOUBLE PODIUMS FOR AARON PLESSINGER AND TOM VIALLE TO CLOSE OUT 2023 AMA PRO MOTOCROSS SEASON002895