Category: Tech News

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KKR-backed PH unicorn Voyager’s losses widened in 2021 even as revenue grew

Philippine technology firm Voyager Innovations‘ net loss widened in 2021 to 5.6 billion pesos (about $95 million) even as it posted higher revenues of about $90 million for the year ended December 31, 2021. In a filing to Singapore’s Accounting and Corporate Regulatory Authority (ACRA), Voyager disclosed that its net loss widened by 16% from… Continue reading KKR-backed PH unicorn Voyager’s losses widened in 2021 even as revenue grew

Volkswagen, Umicore venture shows the circular EV battery economy is heating up

Volkswagen is partnering with a Belgian technology group to produce battery materials in Europe, the latest in a spate of industry-wide deals to create a circular battery economy that can meet that can meet production targets as automakers shift toward EVs. The $3 billion joint venture between Volkswagen Group’s battery business PowerCo and Brussels-based Umicore… Continue reading Volkswagen, Umicore venture shows the circular EV battery economy is heating up

EV charging deals keep coming, Ford squeezed by shortages and Kitty Hawk shuts down

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive the full edition of the newsletter every weekend in your inbox. This is a shorter version of The Station newsletter that is emailed to subscribers. Want all the deals, news roundups and commentary? Subscribe… Continue reading EV charging deals keep coming, Ford squeezed by shortages and Kitty Hawk shuts down

UK police arrest teenager suspected of Uber, GTA 6 hacks

Police in London have confirmed a 17-year-old teenager, who is suspected of involvement in high-profile breaches at ride-hailing giant Uber and Rockstar Games, has been charged with multiple counts of computer misuse and breaches of bail. The suspect, whose name was not released due to U.K. reporting restrictions on identifying non-adults, was arrested in Oxfordshire… Continue reading UK police arrest teenager suspected of Uber, GTA 6 hacks

Tesla’s Gigafactory in Berlin had a cardboard fire

/ Why the recycling materials went ablaze is unknown, but it’s enough for local groups to get fired up again about environmental dangers the factory poses. Illustration by Alex Castro / The Verge Tesla’s dealing with the aftermath of a fire on the grounds of its Gigafactory in Berlin early this morning. According to local… Continue reading Tesla’s Gigafactory in Berlin had a cardboard fire

China Digest: Leadrive Technology bags Series C funding; AIoT firm Evomotion snaps $20mLegend Capital re-upped in Leadrive’s latest funding round

EV powertrain control systems startup Leadrive Technology has finished its Series C funding round while AIoT firm Evomotion has snapped $20 million in a Series B round.  Leadrive snaps Series C funding   Leadrive Technology has completed its Series C funding round, the company announced without disclosing the funding amount.  Existing shareholder Legend Capital, an… Continue reading China Digest: Leadrive Technology bags Series C funding; AIoT firm Evomotion snaps $20mLegend Capital re-upped in Leadrive’s latest funding round

AMD’s Ryzen 7900X arrives to take on Intel’s 12900K

2022’s Intel versus AMD battle has only just begun Share this story Image: AMD Intel took the desktop CPU performance crown last year with its Core i9-12900K processor. And now, nearly a year later, AMD is ready to trade blows again with its next-generation Ryzen Zen 4 CPUs. Fabbed on TSMC’s 5nm process node, AMD… Continue reading AMD’s Ryzen 7900X arrives to take on Intel’s 12900K

Singapore’s Temasek leads $40m deal in Chinese cloud-rendering startup Well-LinkThe Beijing-based startup is seeking to expand internationally

Singapore’s Temasek Holdings has led a $40-million funding round in cloud-rendering solutions developer Well-Link Technologies as the Chinese startup is seeking to expand internationally. As a Series B2 round for Well-Link, the new investment attracted capital injections from existing shareholders, including China-focused technology venture capital (VC) firm Future Capital and CDH Venture and Growth Capital… Continue reading Singapore’s Temasek leads $40m deal in Chinese cloud-rendering startup Well-LinkThe Beijing-based startup is seeking to expand internationally

Line Man Wongnai is Thailand’s latest unicorn after Series B funding

Line Man Wongnai, a food delivery startup in Thailand, announced raising $265 million in a Series B funding round that values it at over $1 billion, minting the company as the country’s latest tech unicorn. The startup, which now claims to be the largest tech startup by valuation in Thailand, said the funding round was… Continue reading Line Man Wongnai is Thailand’s latest unicorn after Series B funding