Category: Automotive

Twitter fired employees who publicly called out Elon Musk

At least three Twitter employees who survived the mass layoffs that cut the company’s workforce in half have been fired after calling out their new boss on the platform. One of them is Eric Frohnhoefer, who responded to Elon Musk’s tweet apologizing for Twitter being slow in many countries. “App is doing >1000 poorly batched… Continue reading Twitter fired employees who publicly called out Elon Musk

Hertz, Ravin AI Partner on AI Vehicle Inspection Pilot

Ravin’s AI vehicle inspection technology produces a condition report that can be generated in seconds. Photo: Pexels.com Ravin AI, a provider of automated artificial intelligence (AI) solutions for vehicle inspections across the fleet, rental, used car, and insurance industries, announced in a statement that its AI technology is being piloted by Hertz in Sweden and Norway in an effort… Continue reading Hertz, Ravin AI Partner on AI Vehicle Inspection Pilot

EvoCharge Releases 40-Amp Level 2 EV Charging Stations

The 40-amp chargers accommodate vehicles with bigger batteries, which is important as auto manufacturers introduce EVs with longer ranges enabled by larger batteries. Photo: EvoCharge EvoCharge, a provider of electric vehicle supply equipment and cable management, said Nov. 14 it has launched its line of 40A charging stations for residential home and commercial charing. Among… Continue reading EvoCharge Releases 40-Amp Level 2 EV Charging Stations

High Voltage Power Grid Vital for Future EV Charging Demand

The Electric Highways Study provides a blueprint for the strategic buildout of fast-charging sites along highway corridors to meet an upcoming surge in demand from the electrification of passenger vehicles and commercial trucks. Photo: National Grid Electric vehicle (EV) charging needs along Massachusetts and New York highways will require interconnection to high-capacity transmission lines in… Continue reading High Voltage Power Grid Vital for Future EV Charging Demand

German Handelsblatt: Automotive supplier: After cyber attack on Continental: Hackers publish list of captured data005604

Continental server Hackers from the Lockbit ransomware group have stolen a number of data from the automotive supplier. (Photo: Continental AG) In the cyber attack on Continental, the hackers apparently not only captured a large amount of sensitive data, but also large amounts of it. This emerges from a list that the hackers have now… Continue reading German Handelsblatt: Automotive supplier: After cyber attack on Continental: Hackers publish list of captured data005604

Asia Digest: Dubai’s Silkhaus raises seed round; Velocity Ventures backs NZ’s CarbonClickSilkhaus plans to expand to South Asia, Southeast Asia, and t…

Dubai-based platform for short-term rentals Silkhaus has raised $7.75 million, while Singapore-based venture capital firm Velocity Ventures has invested an undisclosed sum in New Zealand’s enviro-tech company CarbonClick. Dubai-based Silkhaus raises $7.75m seed round Dubai-based Silkhaus, a platform for short-term rentals, has raised $7.75 million in a seed funding round to expand to South Asia,… Continue reading Asia Digest: Dubai’s Silkhaus raises seed round; Velocity Ventures backs NZ’s CarbonClickSilkhaus plans to expand to South Asia, Southeast Asia, and t…

India’s Foods & Inns raises $26m from Florintree Digital, Lotus Family Trust, others

Foods & Inns Limited, one of India’s largest fruit and vegetable pulpers, has raised about $26 million (Rs210 crores) in growth capital from investors including Florintree Digital LLP, Lotus Family Trust, and Aeon Trading, it announced on Tuesday. The financing round was also joined by Silver Stallion Ltd., VSS Iron & Minerals Pvt. Ltd., and… Continue reading India’s Foods & Inns raises $26m from Florintree Digital, Lotus Family Trust, others

Sinovation Ventures raises $203m so far for fifth flagship venture fund

Sinovation Ventures, the Chinese venture capital firm founded by former Google executive Kai-Fu Lee, has so far raised $203 million for its fifth flagship venture vehicle, Sinovation Fund V, its filing with the US Securities and Exchange Commission (SEC) showed. SEC filings typically represent only the capital raised from investors in the US. Go to… Continue reading Sinovation Ventures raises $203m so far for fifth flagship venture fund

Australia’s Vow scores $49.2m Series A, plans to bring cultured meat to Singapore

Australian alternative protein company Vow has announced raising $49.2 million in a Series A funding round co-anchored by venture capital investors Blackbird and Prosperity7 Ventures. Toyota Ventures, HostPlus Super, NGS Super, and Pavilion Capital also participated in the funding round that comes almost two years after Vow raised $6 million in seed funding, backed by… Continue reading Australia’s Vow scores $49.2m Series A, plans to bring cultured meat to Singapore