Category: Automotive

China’s Tianneng New Materials raises $137m in Series A roundChinese VC firm Puhua Capital and CICC Capital led the Series A round.

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.

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

@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