Southeast Asia’s Iterative has closed $55 million for its second fund to double down on seed-stage founders, it announced on Wednesday. Iterative’s Fund II is led by Cendana, K5 Global, Village Global, and Goodwater Capital in the US. It also received strong participation from Silicon Valley founders and executives including Dropbox’s Arash Ferdowsi, Bukalapak’s Achmad… Continue reading SE Asia’s Iterative closes $55m Fund 2 to double down on seed-stage founders
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Philippines proposes to set up $4.9b sovereign wealth fund
Philippine House Speaker Martin Romualdez, the cousin of President Ferdinand Marcos Jr., has filed a bill seeking to establish a 275-billion peso ($4.9 billion) sovereign wealth fund to support the administration’s economic agenda. House Bill No. 6398, filed on Monday and co-authored by the president’s son Ferdinand Alexander, is aimed at setting up what would… Continue reading Philippines proposes to set up $4.9b sovereign wealth fund
Indian PE firm Zephyr Peacock ready to write smaller cheques, bullish on digital
Zephyr Peacock, the Indian investment arm of New York-based private equity (PE) firm Zephyr Management, is betting big on the burgeoning digital economy as it looks to raise its fourth fund next year. “As much as 40% of our third fund has been deployed. We will be able to exhaust it by next year and… Continue reading Indian PE firm Zephyr Peacock ready to write smaller cheques, bullish on digital
Tesla still owns US EV market but is losing market share, shows new data
S&P Global Mobility released new EV sale data that shows Tesla still owns the US EV market, but it is losing market share. But when you had close to 100% of the market, there’s only one way to go, and that’s down. For years now, Tesla has dominated the electric auto market in its home… Continue reading Tesla still owns US EV market but is losing market share, shows new data
What the US car insurance industry really thinks about EVs – and how to get the best policy
This is what the US car insurance industry really thinks about EVs, how it affects your premium, and how to choose an insurance company for your EV that really will have your back if you need help. Can insurance companies embrace change? A recent white paper by the University of Illinois Urbana-Champaign and Argo Group, an underwriter of specialty insurance… Continue reading What the US car insurance industry really thinks about EVs – and how to get the best policy
Tesla (TSLA) investors see negative impact of Elon Musk’s Twitter antics
Tesla (TSLA) investors see the negative impact of Elon Musk’s Twitter acquisition lasting on the company going forward. There’s no doubt that Elon Musk’s acquisition of Twitter had a direct negative impact on Tesla and its investors, considering that the CEO had to sell billions of dollars worth of Tesla (TSLA) stock to finance the… Continue reading Tesla (TSLA) investors see negative impact of Elon Musk’s Twitter antics
It feels like incredible customer service might be bad for the environment
/ Sometimes a broken thing should be replaced, but sometimes it’d be nicer to just repair it. My controller’s joystick broke off. Sure, I’ll take the free brand-new controller, but I really just wanted a replacement plastic part.Image: Umar Shakir / The Verge It’s a good day when you get a free replacement for something… Continue reading It feels like incredible customer service might be bad for the environment
Driver Says His Ford F-150 Lightning Made a “Loud Boom” and Died When He Plugged It In
“I’m 1,000 miles from home, the EA charger [went] black, and my Lightning won’t move. I’m screwed.” Lightning Strikes Ford’s F-150 Lightning is meant to be the automaker’s flagship electric pickup truck, and for the most part has been heralded with glowing praise from across the industry. But as more Lightnings hit the streets and… Continue reading Driver Says His Ford F-150 Lightning Made a “Loud Boom” and Died When He Plugged It In
Something Very Weird Is Going on at Elon Musk’s Boring Company
Has the company dug itself into a hole? Ghost Protocol After promising many major cities across the country that it could dig tunnels that would magically solve their traffic woes by moving them underground, Elon Musk’s Boring Company has become oddly quiet, The Wall Street Journal reports. In fact, the paper reports, it’s been repeatedly… Continue reading Something Very Weird Is Going on at Elon Musk’s Boring Company
Mark Cuban Says SBF Should Be Afraid of Imprisonment “For a Long Time”
The twist? He’s being sued himself for something very similar. Sure Sounds Bad Billionaire crypto evangelist Mark Cuban, who’s currently being sued for his involvement with the bankrupt crypto exchange Voyager Digital by the same law firm representing the class action suit against disgraced ex-FTX CEO Sam Bankman-Fried for extremely similar reasons, thinks that SBF… Continue reading Mark Cuban Says SBF Should Be Afraid of Imprisonment “For a Long Time”