New spy shots claiming to show the electric successor to the wildly successful Porsche 718 Boxster have surfaced, giving a first look at Stuttgart’s highly anticipated third EV model line. The next-generation Porsche 718 Cayman and 718 Boxster are set to adopt a bespoke electric sports car platform designed to mimic the current combustion cars’ mid-engined… Continue reading New electric Porsche Boxster caught testing for the first time
Category: Automotive
The Qianxun Pagoda, an example of 9th-century pagodas in China
BEIJING, Nov. 7, 2022 /PRNewswire/ — A news report from chinadaily.com.cn The Qianxun Pagoda stands at the center of the three pagodas in front of the Chongsheng Temple in Dali Bai autonomous prefecture, Yunnan province. The xun is an ancient Chinese unit of length; each xun roughly equals 2.67 meters. The Qianxun, literally meaning one thousand… Continue reading The Qianxun Pagoda, an example of 9th-century pagodas in China
BRI Ventures secures first close of Kiqani fund, and final close of Sembrani at over $25m
BRI Ventures (BVI), the corporate venture capital arm of the Indonesian state-owned lender Bank Rakyat Indonesia (BRI), has secured the first close of its Sembrani Kiqani fund in June 2022. It also plans to fully close the vehicle by end-2022, BVI’s founding CEO Nicko Widjaja told DealStreetAsia. The size of the final close is expected… Continue reading BRI Ventures secures first close of Kiqani fund, and final close of Sembrani at over $25m
Indian PE firm Motilal Oswal Alternates in talks to top up in VVDN Technologies
India-focused fund manager Motilal Oswal Alternates, which is already an investor in Gurugram-based product engineering firm VVDN Technologies, is in talks to pump additional capital into the company, multiple sources familiar with the matter told DealStreetAsia. Negotiations are gaining pace as the company looks to raise funding in the range of $125-150 million, the sources… Continue reading Indian PE firm Motilal Oswal Alternates in talks to top up in VVDN Technologies
Binance plans to buy rival FTX’s non-US unit in latest crypto bailout
Crypto giant Binance signed a non-binding agreement on Tuesday to buy FTX’s non-US unit to help cover a “liquidity crunch” at the rival exchange, marking an abrupt change in fortune for the digital currency billionaire and FTX CEO Sam Bankman-Fried. The surprising deal between high-profile rivals Bankman-Fried and Binance CEO Changpeng Zhao raised fresh concerns about the risks investors… Continue reading Binance plans to buy rival FTX’s non-US unit in latest crypto bailout
US pension major CalPERS commits $282m to Sequoia China’s four funds
The California Public Employees’ Retirement System (CalPERS), the largest pension fund in the US, has committed $282 million in total to Sequoia Capital China’s four new China venture capital funds, according to a disclosure. Separately, the US pension fund also made an additional $1.26 billion commitment to Golden Reef Infrastructure Trust, a fund managed by QIC,… Continue reading US pension major CalPERS commits $282m to Sequoia China’s four funds
Electric Era wants to put an EV charger in convenience store parking lot near you
Before starting Electric Era, Quincy Lee was one of the chief mechanical engineers at Space X. He got bored of doing space stuff when the climate crisis was happening down here on Earth and decided to do something about one of the biggest challenges with the adoption of electric vehicles: Distributed high-speed charging infrastructure. “I… Continue reading Electric Era wants to put an EV charger in convenience store parking lot near you
Loc Performance Names Jason Atkinson as President and CEO
PLYMOUTH, Mich., Nov. 8, 2022 /PRNewswire/ — Loc Performance (Loc) today named Jason Atkinson as the company’s new president and CEO, effective immediately. Atkinson has served as a key member of Loc’s leadership team since 2008, when he joined the company as chief operating officer. In his new role, Atkinson will continue to lead the… Continue reading Loc Performance Names Jason Atkinson as President and CEO
Lucid Group, Inc. Announces $600 Million ATM Program and Additional Investment of up to $915 Million by an Affiliate of PIF
NEWARK, Calif., Nov. 8, 2022 /PRNewswire/ — Lucid Group, Inc. (Nasdaq: LCID; “Lucid”) announced today that it has entered into an “at-the-market” program pursuant to an equity distribution agreement, dated November 8, 2022, between the Company and BofA Securities, Inc., Barclays Capital Inc. and Citigroup Global Markets Inc. as managers. Under the at-the-market program, Lucid… Continue reading Lucid Group, Inc. Announces $600 Million ATM Program and Additional Investment of up to $915 Million by an Affiliate of PIF
How Formula E will shape Maserati’s first passenger EV
When the 2024 Maserati GranTurismo Folgore comes to market next fall, consumers might notice some Formula E motorsports DNA running through the automaker’s first EV. In January, Maserati will become the first Italian team to compete in the ABB FIA Formula E World Championship when the series kicks off its ninth season in Mexico City.… Continue reading How Formula E will shape Maserati’s first passenger EV