Indian digital payments firm PhonePe said on Tuesday it has raised $100 million from Ribbit Capital, Tiger Global and TVS Capital Funds in a funding round that valued the Walmart Inc-backed company at $12 billion. The latest round is part of PhonePe’s primary fundraise that took place last month through which the company raised $350 million… Continue reading Indian digital payments firm PhonePe raises $100m at $12b valuation
Category: Automotive
India one of our best-performing markets, biggest in Asia: Blackstone
India is one of Blackstone Inc’s best-performing markets and will continue to be the private equity giant’s biggest market in Asia, a top company executive on Tuesday, even as rising interest rates force investors to rebalance portfolios. The U.S-based firm, which manages nearly a trillion dollars in assets globally, is bullish on India due to… Continue reading India one of our best-performing markets, biggest in Asia: Blackstone
Saudi Arabia’s PIF invests $1.3b in 4 local construction firms
Saudi Arabia’s sovereign wealth fund has invested a total of $1.3 billion in four local construction firms to support the sector tasked with spearheading projects across the kingdom, it said on Tuesday. The Public Investment Fund said it acquired new shares as part of capital increases representing significant minority stakes in Nesma & Partners Contracting… Continue reading Saudi Arabia’s PIF invests $1.3b in 4 local construction firms
Delivery Hero ramps up interest payments to raise $1b in convertible bonds
Germany’s Delivery Hero said it raised 1 billion euros ($1.07 billion) through an issue of convertible debt late on Monday, after wooing investors with significantly higher interest payments than it has offered in the past. Banks on the deal initially marketed the seven-year bond with an annual coupon as high as 4%, but were able… Continue reading Delivery Hero ramps up interest payments to raise $1b in convertible bonds
NORWAY’S AVINOR ACTIVATES AIREON DATA FOR ENTIRE BODØ OCEANIC AIRSPACE
MCLEAN, Va., Feb. 14, 2023 /PRNewswire/ — Avinor ANS, the air navigation service provider (ANSP) of Norway, this month, began using Aireon’s market-leading, space-based automatic dependent surveillance-broadcast (ADS-B) data to support air traffic operations across the entire Bodø Oceanic Flight Information Region (OFIR). In April 2022, Avinor ANS started using Aireon ADS-B data for the Bodø… Continue reading NORWAY’S AVINOR ACTIVATES AIREON DATA FOR ENTIRE BODØ OCEANIC AIRSPACE
NORWAY’S AVINOR ACTIVATES AIREON DATA FOR ENTIRE BODØ OCEANIC AIRSPACE
MCLEAN, Va., Feb. 14, 2023 /PRNewswire/ — Avinor ANS, the air navigation service provider (ANSP) of Norway, this month, began using Aireon’s market-leading, space-based automatic dependent surveillance-broadcast (ADS-B) data to support air traffic operations across the entire Bodø Oceanic Flight Information Region (OFIR). In April 2022, Avinor ANS started using Aireon ADS-B data for the Bodø… Continue reading NORWAY’S AVINOR ACTIVATES AIREON DATA FOR ENTIRE BODØ OCEANIC AIRSPACE
Insurtech startup OpenEyes emerges from stealth with $23M, catering to fleets with tech-powered commercial auto insurance
NEW YORK, Feb. 14, 2023 /PRNewswire/ — OpenEyes, an insurtech company serving commercial automotive fleets, today emerged from stealth with $18 million in Series A funding led by global software investor Insight Partners and Pitango First, with participation by MoreVC, which led the seed round together with Pitango First. OpenEyes will use the funding to… Continue reading Insurtech startup OpenEyes emerges from stealth with $23M, catering to fleets with tech-powered commercial auto insurance
Groundbreaking Outdoor Industry Study Sets Stage to Electrify Textile and Apparel Factories
Burton, New Balance, Patagonia, REI Co-op, W.L. Gore & Associates, and OIA come together through OIA’s Climate Action Corps to Decarbonize the Textile and Apparel Sector BOULDER, Colo., Feb. 14, 2023 /PRNewswire/ — Burton, New Balance, Patagonia, REI Co-op, and Gore’s Fabrics Division (Gore) – five members of OIA Climate Action Corps – and OIA… Continue reading Groundbreaking Outdoor Industry Study Sets Stage to Electrify Textile and Apparel Factories
Rivian R1T is More Loved than Ford Trucks, Strategic Vision’s Most Loved Vehicle Awards Explains Why
SAN DIEGO, Feb. 14, 2023 /PRNewswire/ — The Rivian R1T ranks above all electric and gas-powered pickups as the most Loved truck in America. The answer to why is detailed in Strategic Vision’s annual Most Loved Vehicles™ (MLV), which examines 118 different vehicle attributes and features measured on a unique scale that captures the “top… Continue reading Rivian R1T is More Loved than Ford Trucks, Strategic Vision’s Most Loved Vehicle Awards Explains Why
Autonomous vehicle ECU market to grow at a CAGR of 24.12%: Evolving opportunities with Aptiv PLC, Autoliv Inc among others – Technavio
NEW YORK, Feb. 14, 2023 /PRNewswire/ — The global autonomous vehicle ECU market size is estimated to increase by USD 2,446.92 million between 2022 and 2027. The market’s growth momentum will accelerate at a CAGR of 24.12%. The report also includes historic market data from 2017 to 2021. In 2017, the autonomous vehicle ECU market… Continue reading Autonomous vehicle ECU market to grow at a CAGR of 24.12%: Evolving opportunities with Aptiv PLC, Autoliv Inc among others – Technavio