Southeast Asia’s technology-focused private equity firm Asia Partners is said to be seeking $600 million for its second fund, Mergermarket reported. The firm has reportedly hit the first close of the vehicle at around $350 million. DealStreetAsia has reached out to Asia Partners for comment. The firm filed to raise Asia Partners II in April,… Continue reading Asia Partners targets $600m for second growth fund: ReportThe firm has reportedly hit the first close of the vehicle at around $350 million.
Category: Automotive
DEG to extend $14m loan to China’s microfinance company Simple Credit
DEG, the investment arm of German state-owned development bank KFW, has committed to extend a loan of CNH 100 million ($14 million) to China’s microfinance company Simple Credit Micro-Lending Co., Ltd. (Simple Credit), according to a disclosure. Established in 2015 in Chongqing, Simple Credit is a microfinance company holding a nationwide internet lending licence in… Continue reading DEG to extend $14m loan to China’s microfinance company Simple Credit
India’s Gland Pharma to buy France’s Cenexi for $124m
Indian generic injectables maker Gland Pharma Ltd said on Tuesday it will buy privately held French pharmaceutical firm Cenexi for 120 million euros ($124.3 million) as it looks to expand its presence in European markets. Carved out from Roche Holding in 2004, Cenexi is a contract development and manufacturing company that makes sterile and injectable… Continue reading India’s Gland Pharma to buy France’s Cenexi for $124m
Cleantechnica: Tesla Model 3 Highland Project Aims To Reduce Complexity & Boost Profitability 002413
Reuters reports that four unnamed Tesla insiders claim the company has been working behind the scenes to improve the Model 3 by simplifying the production process. The changes will reduce the cost of manufacturing the cars, which could lead to lower prices for consumers and/or higher profit margins for the company. The Model 3 refresh… Continue reading Cleantechnica: Tesla Model 3 Highland Project Aims To Reduce Complexity & Boost Profitability 002413
Clean Technica: No Kidding: The Tesla Semi Launch Is About To Change Everything002412
I’ve been eagerly awaiting the Tesla Semi since the first article that I wrote for CleanTechnica four and a half years ago, and I’ve been eagerly revisiting my notes from when I wrote that first article. I then saw that Zachary Shahan just published an article titled “The Tesla Semi Is Going To Change The… Continue reading Clean Technica: No Kidding: The Tesla Semi Launch Is About To Change Everything002412
Clean Technica: Is President Biden’s Plan To Electrify US Transportation “Illegal?”002411
A written commentary this month issued from the Heritage Foundation — that famous Koch Industries climate denial front group — shows how very nervous many in the right wing are getting about electric vehicles (EVs) in the US. The article is really quite fun to deconstruct, as it attacks the premises that US transportation needs… Continue reading Clean Technica: Is President Biden’s Plan To Electrify US Transportation “Illegal?”002411
Clean Technica: More Utility Scale Battery Projects For The UK To Help With Wind Curtailment Issues002410
Harmony Energy Income Trust announced that it has brought Europe’s largest battery energy storage system (by MWh) online. The cost of turning off UK wind farms to manage the electricity system rose from almost £300m during 2020 to over £500m in 2021. Most of this curtailment was in Scotland. The National Grid ESO pays operators… Continue reading Clean Technica: More Utility Scale Battery Projects For The UK To Help With Wind Curtailment Issues002410
Clean Tecnica: One More Time — EVs And The Federal Tax Credit 002409
https://www.irs.gov/businesses/plug-in-electric-vehicle-credit-irc-30-and-irc-30d” data-image-caption=”Credit: IRS” data-medium-file=”https://cleantechnica.com/files/2022/11/federal-tax-credit-400×119.png” data-large-file=”https://cleantechnica.com/files/2022/11/federal-tax-credit-800×238.png” loading=”lazy” class=”size-full wp-image-281879″ src=”https://cleantechnica.com/files/2022/11/federal-tax-credit.png” alt=”federal tax credit” width=”1208″ height=”360″ srcset=”https://cleantechnica.com/files/2022/11/federal-tax-credit.png 1208w, https://cleantechnica.com/files/2022/11/federal-tax-credit-400×119.png 400w, https://cleantechnica.com/files/2022/11/federal-tax-credit-800×238.png 800w, https://cleantechnica.com/files/2022/11/federal-tax-credit-768×229.png 768w” sizes=”(max-width: 1208px) 100vw, 1208px”/> Credit: IRS There is much confusion about the federal tax credit for EV buyers in the US, so let’s try to clear things up. All the cars that were… Continue reading Clean Tecnica: One More Time — EVs And The Federal Tax Credit 002409
Former CEO Sues Company That Fired Him for Microdosing LSD in an Investor Meeting
Image by Getty / Futurism A former Silicon Valley startup CEO and cofounder has filed a lawsuit against his former employer for what he says was discrimination based on race and his mental health challenge — though the company’s stated reason for firing him was that he took acid at work, bringing the tech industry’s subculture… Continue reading Former CEO Sues Company That Fired Him for Microdosing LSD in an Investor Meeting
Entire Island Strangled by Choking Vines
Thanks, climate change. Choking Vines Fiji’s second largest island, Vanua Levu, is being absolutely overrun by vines, The Guardian reports, in a dramatic display of the sheer power of nature. Culprits abound. An invasive species introduced by US troops during WW2 is largely to blame, exacerbated by other challenging species and fierce natural disasters that… Continue reading Entire Island Strangled by Choking Vines