An investigation into Tesla using special code marked for crash-testing vehicles hasn’t found any evidence that the automaker cheated on its crash tests. Tesla has an incredible record when it comes to crash safety. Its electric vehicles have consistently achieved top safety ratings with auto safety agencies around the world. The latest safety accolade came… Continue reading There’s ‘no evidence’ Tesla cheated crash tests with special code, Euro NCAP says
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Supply-chain visibility startup Altana bags $100m in Series B led by Activate CapitalThe total funds raised by the company now stand at around $123m
AI-powered supply-chain visibility platform Altana has raised $100 million in a Series B round led by Activate Capital and joined by Temasek-backed Reefknot Investments, OMERS Ventures, Prologis Ventures and Four More Capital, according to its announcement on Thursday. The round also saw participation from repeat investors GV (formerly Google Ventures), Amadeus Capital, Floating Point and… Continue reading Supply-chain visibility startup Altana bags $100m in Series B led by Activate CapitalThe total funds raised by the company now stand at around $123m
Northstar ropes in Melvin Hade from GFC to co-head its first VC fund
Southeast Asian private equity major Northstar Group has roped in Global Founders Capital’s Southeast Asia partner Melvin Hade to co-head its upcoming first venture capital fund. “Over the next 12 months we plan to complete our fundraising, continue to build the team and invest in great companies,” said Melvin while confirming his appointment as managing… Continue reading Northstar ropes in Melvin Hade from GFC to co-head its first VC fund
Indonesia’s Ayoconnect closes $13m Series B extension round
Jakarta-based open finance API platform Ayoconnect on Thursday closed a $13-million Series B extension round led by SIG Venture Capital. The extension round, a follow-on from its oversubscribed Tiger Global-led $15 million Series B round earlier this year, was joined by CE Innovation Capital and existing investor PayU. Ayoconnect has amassed $43 million to date since… Continue reading Indonesia’s Ayoconnect closes $13m Series B extension round
India: Veranda Learning unit set to acquire JK Shah Classes
Veranda Learning Solutions, a Chennai-headquartered digital learning platform offering test preparation courses for various competitive exams, has signed an agreement to acquire equity shares of J. K. Shah Education, per an announcement. The investment will be routed through Veranda XL Learning Solutions. The proposed transaction, which will be funded through a combination of debt and… Continue reading India: Veranda Learning unit set to acquire JK Shah Classes
Sony and Honda plan to start selling their electric cars in the US in 2026
/ The jointly-developed EVs will distinguish themselves with a focus on in-car software and entertainment. The first cars will be built in Honda’s US plants. Sony’s prototype Vision-S 02 SUV, unveiled at CES 2022 as a platform for developing Sony’s EV technology.Image: Sony Sony and Honda have announced that they plan to start selling their… Continue reading Sony and Honda plan to start selling their electric cars in the US in 2026
Valve releases redesigned Steam mobile app with QR code login
You can finally say goodbye to your dated and clunky Steam mobile app. Valve has rolled out the redesigned version of its Steam mobile app for Android and iOS, which it’s been testing since at least August this year. When it was looking for beta testers for the application, the game developer said it rebuilt… Continue reading Valve releases redesigned Steam mobile app with QR code login
Can local chipmakers fill the void as US chokes off China’s semiconductor supply chains?Domestic chipmakers are way behind overseas competitors in dev…
China’s access to the global semiconductor industry has suffered another blow after the US on Friday effectively severed the country’s supply of high-end chips — and of the equipment used to make them. The dramatic escalation came alongside the addition of 31 mostly semiconductor companies to the U.S. Department of Commerce’s “unverified list” — meaning… Continue reading Can local chipmakers fill the void as US chokes off China’s semiconductor supply chains?Domestic chipmakers are way behind overseas competitors in dev…
NFT infrastructure startup Gomu raises $5m and other SE Asia deals
Gomu, a Singapore-based non-fungible token (NFT) infrastructure startup, has announced raising $5 million in a seed funding round backed by venture capital firm Coinbase Ventures, Defiance Capital, Saison Capital and others. Founded early this year, Gomu provides data, tools and products for NFT communities and developers to build and integrate native Web3 applications for their… Continue reading NFT infrastructure startup Gomu raises $5m and other SE Asia deals
e-Zinc Raises USD $7M Venture Debt Facility
e-Zinc, a Toronto, Canada-based company enabling sustainable, long-duration energy storage with its zinc-air battery, closed a USD $7m venture debt facility with Silicon Valley Bank. The company will use the funding to further progress its commercialization efforts and to expand production at its new Mississauga, ON facility. Led by James Larsen, CEO, e-Zinc is a zinc-air… Continue reading e-Zinc Raises USD $7M Venture Debt Facility