Category: Automotive

Indonesian startups downsize to cut costs amid global headwinds …

Several Indonesian technology companies are reportedly laying off staff to rein in costs amid unfavourable global economic conditions. DealStreetAsia has confirmed that at least four tech companies, including LinkAja and Zenius, have decided to let go of a significant number of employees due to various reasons, mainly as cost-cutting measures and changes in corporate strategy.… Continue reading Indonesian startups downsize to cut costs amid global headwinds …

Shipper receives commitments for $65m, said to be in market to raise $100m

Indonesian tech-enabled logistics services provider Shipper has received fresh commitments worth around $65 million in an ongoing fundraising round, as it attempts to raise a total of $100 million to fuel expansion, DealStreetAsia has learnt. The latest commitments have largely come from existing investors Sequoia Capital India, DST Global, Prosus Ventures, Lightspeed, Insignia Ventures, and… Continue reading Shipper receives commitments for $65m, said to be in market to raise $100m

French fund-of-funds Eurazeo said to be raising $2.68b across 2 vehicles

French fund-of-funds (FoF) Eurazeo is in the process of raising a total corpus of 2.5 billion euros ($2.68 billion) across two major funds as it looks to ramp up its investment in the Asia Pacific region, besides its home turf Europe. Of the total corpus, Eurazeo plans to allocate as much as 2 billion euros ($2.1… Continue reading French fund-of-funds Eurazeo said to be raising $2.68b across 2 vehicles

Bitcoin loses a third of its value in just two months

The crypto winter is into its ninth week and bitcoin can’t shake the chills. From technicals to turnover, market indicators are flashing red or amber for the biggest cryptocurrency, which has lost a third of its value in just two months. So what now? Bitcoin‘s limited history isn’t much of a guide on crypto winters, which we’re defining as prolonged… Continue reading Bitcoin loses a third of its value in just two months

Pony.ai loses permit to test autonomous vehicles with driver in California

The California Department of Motor Vehicles revoked Pony.ai’s permit to test its autonomous vehicle technology with a driver on Tuesday for failing to monitor the driving records of the safety drivers on its testing permit. “While reviewing Pony.ai’s application to renew the testing permit, the DMV found numerous violations on the driving records of active… Continue reading Pony.ai loses permit to test autonomous vehicles with driver in California

Guitar Market recorded a 7.50% Y-O-Y Growth Rate in 2021 | Driven by Growing Popularity of Music-related Leisure Activities | Technavio

NEW YORK , May 24, 2022 /PRNewswire/ — The guitar market size is expected to grow by USD 1.14 billion from 2020 to 2025. However, the growth momentum is likely to decelerate at a CAGR of 5.38% as per the latest market report by Technavio. The guitar market is the growing popularity of music-related leisure activities. People… Continue reading Guitar Market recorded a 7.50% Y-O-Y Growth Rate in 2021 | Driven by Growing Popularity of Music-related Leisure Activities | Technavio

Brightstar Capital Partners Combines ERC and Oasis Systems to Advance Customer Mission Success in Aerospace, Defense and Cyberspace

NEW YORK, HUNTSVILLE, Ala. & BURLINGTON, Mass., May 24, 2022 /PRNewswire/ — Brightstar Capital Partners, today announced that its portfolio company, ERC, LLC, and Oasis Systems, LLC (“Oasis”), have joined forces to scale and expand  their agile software development, systems engineering and cybersecurity capabilities for mission critical defense and federal agencies. The signing of the… Continue reading Brightstar Capital Partners Combines ERC and Oasis Systems to Advance Customer Mission Success in Aerospace, Defense and Cyberspace

International consortium to advance decarbonisation of the aviation sector

CARE-O-SENE research project will develop advanced catalysts for sustainable aviation fuels JOHANNESBURG, South Africa, May 24, 2022 /PRNewswire/ — Sasol (JSE: SOL, NYSE SSL) and Helmholtz-Zentrum Berlin (HZB) will lead a consortium to develop and optimise next-generation catalysts that will play a key role in decarbonising the aviation sector through sustainable aviation fuels (SAF). At… Continue reading International consortium to advance decarbonisation of the aviation sector

LOTTE HOTEL HANOI y SEOUL reciben los máximos galardones de losTripadvisor ‘2022 Travellers’ Choice Awards’

Según el resultado del premio anunciado el 10 de mayo, LOTTE HOTEL HANOI y LOTTE HOTEL SEOUL fueron distinguidos como los mejores hoteles de lujo de Vietnam y Corea del Sur, respectivamente. En concreto, el LOTTE HOTEL HANOI se situó en el 4º puesto de Asia y en el 13º a nivel mundial, tanto en… Continue reading LOTTE HOTEL HANOI y SEOUL reciben los máximos galardones de losTripadvisor ‘2022 Travellers’ Choice Awards’