Category: Automotive

FERRARI APPOINTS BENEDETTO VIGNA AS CHIEF EXECUTIVE OFFICER

Maranello (Italy), 9 June 2021 – Ferrari N.V. (“Ferrari” or the “Company”) announces the appointment of Benedetto Vigna as its Chief Executive Officer. Mr. Vigna will join Ferrari on 1 September from STMicroelectronics (“ST”), where he is currently President of its Analog, MEMS (Micro-electromechanical Systems) and Sensors Group, ST’s largest and most profitable operating business… Continue reading FERRARI APPOINTS BENEDETTO VIGNA AS CHIEF EXECUTIVE OFFICER

SV Latam Capital Raises $22M for Fund II

SV Latam Capital, a San Francisco, CA-based, Latina-led venture capital firm focused on tech and science startups, closed Fund II, at $22m. Crystal Sacca, an early investor in Uber and Blue Bottle Coffee through Lowercase Capital and the co-founder of Lowercarbon Capital, and her husband, Chris Sacca, a legendary VC, company advisor and entrepreneur who invested in seed and… Continue reading SV Latam Capital Raises $22M for Fund II

Leading Distribution & Logistics Company Selects Missouri For New Investment

FFE is bringing good-paying jobs and economic opportunities to Missourians in this rural community.  Tweet this “Missouri’s central location and business-friendly environment is a leading destination for transportation and logistics companies like this one, and we are excited to welcome FFE Transportation to Missouri,” said Governor Mike Parson. “FFE is bringing good-paying jobs and economic… Continue reading Leading Distribution & Logistics Company Selects Missouri For New Investment

Auto battery maker LG Energy Solution seeks nod for South Korean IPO …

Auto battery maker and Tesla Inc supplier LG Energy Solution (LGES) applied for preliminary approval of an initial public offering (IPO) that publication IFR said could raise $10 billion-$12 billion in South Korea’s biggest ever listing. LGES and the Korea Exchange announced the application for approval of the previously flagged IPO on Tuesday, without mentioning its size. IFR… Continue reading Auto battery maker LG Energy Solution seeks nod for South Korean IPO …

Malaysian palm oil giant KLK offers $372m for majority in IJM Plantations

Malaysian palm oil giant Kuala Lumpur Kepong (KLK) Bhd has proposed to acquire IJM Corporation Bhd’s entire stake in IJM Plantations Bhd for 1.53 billion ringgit ($371.72 million) in cash, the companies said on Wednesday. IJM Corp said it has received a letter from KLK, one of the largest palm oil planters in the country, offering… Continue reading Malaysian palm oil giant KLK offers $372m for majority in IJM Plantations

AI-powered Indian logistics platform Shyplite raises $1m from N+1 Capital

The company was bootstrapped in 2015, with investment from its founding members Nisschal Jain (Managing Partner), Sugam Jain (CEO) and Parinay Itkan (COO), and launched exactly five years ago on 9th June, 2016. Shyplite helps businesses automate their logistics and increase shipping efficiency by providing a single-window platform integrated with multiple carriers. The company said… Continue reading AI-powered Indian logistics platform Shyplite raises $1m from N+1 Capital

India: Zomato elevates former CFO Akriti Chopra as co-founder and chief people officer

Chopra took over the role of people development at Zomato last October, after the company appointed Akshant Goyal as its newest CFO, in the run-up to its IPO. “Akriti has been here (at Zomato) for almost a decade. She has undying commitment to Zomato, and our well-being. She has been one of the strongest pillars… Continue reading India: Zomato elevates former CFO Akriti Chopra as co-founder and chief people officer

Swedish company Northvolt raises $2.75B to accelerate European battery production

Swedish battery developer and manufacturer Northvolt AB has raised $2.75 billion in capital as it prepares to ramp up to an annual production capacity of 150 GWh in Europe by 2030. The funding round — Northvolt’s largest thus far — was co-led by existing investors Goldman Sachs and Volkswagen, and new investors including the Swedish… Continue reading Swedish company Northvolt raises $2.75B to accelerate European battery production