China’s SemiDrive Technology has raised nearly 1 billion yuan ($138.9 million) in a Series B+ round of financing led by an SAIC Motor-backed investment fund to speed up the mass production and application of its automotive chips. SemiDrive, which counts Sequoia Capital China and Temasek-backed Vertex Ventures China among its early investors, secured fresh capital… Continue reading China’s SemiDrive raises $139m in Series B+ to speed up auto chip adoptionSemiDrive plans to use the proceeds to focus on R&D efforts.
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India Digest: Ghodawat Consumer acquires Coolberg; Mankind buys Upakarma Ayurveda
Ghodawat Consumer Limited (GCL), the FMCG arm of Sanjay Ghodawat Group (SGG), has acquired non-alcoholic beverages maker Coolberg. In another development, Mankind Pharma has bought a majority stake in Upakarma Ayurveda Pvt Ltd for an undisclosed amount. Ghodawat Consumer acquires Coolberg Ghodawat Consumer Limited (GCL), the FMCG arm of Sanjay Ghodawat Group (SGG), has acquired… Continue reading India Digest: Ghodawat Consumer acquires Coolberg; Mankind buys Upakarma Ayurveda
People Digest: Amazon’s third business exit from India; VerSe Innovation, Hirect slash jobs
After shutting its food delivery and online learning businesses in India, Amazon is set to pull the shutters down on its wholesale distribution business in the country as well. Separately, startups VerSe Innovation and Hirect have fired 150 and 200 employees, respectively. Amazon shuts wholesale distribution business in India Amazon is shutting down its wholesale… Continue reading People Digest: Amazon’s third business exit from India; VerSe Innovation, Hirect slash jobs
India Digest: Accel selects 10 startups for 2nd cohort; Nexus leads Covvalent funding
Accel India has selected 10 startups as part of its second cohort of Atoms programme that was launched last year for pre-seed and seed stage companies. Separately, specialty chemicals platform Covvalent has raised $4.3 million in a funding round led by Nexus Venture Partners. Accel selects 10 startups for second cohort Venture capital firm Accel… Continue reading India Digest: Accel selects 10 startups for 2nd cohort; Nexus leads Covvalent funding
Tesla, Quebec, LG, and others work on new ‘battery passport’
Tesla, Quebec, LG, and others, through the Global Battery Alliance, are working on a new “battery passport” to help track battery materials. The project is important to make EV batteries sustainable and is critical to the new EV incentive in the United States. One of the biggest arguments from EV naysayers is that battery material… Continue reading Tesla, Quebec, LG, and others work on new ‘battery passport’
Data Vantage: Bibit, Lyte Ventures, Atome and AgriAku receive funding
Stockbit Pte Ltd, the parent company of robo-advisor app Bibit, received $25 million last week from Singapore sovereign wealth fund GIC as part of an $80 million round announced in May. The company has so far received $57.8 million in equity funding as part of the round. Of this, lead investor GIC contributed $50 million,… Continue reading Data Vantage: Bibit, Lyte Ventures, Atome and AgriAku receive funding
Clean Tecnica: The Tesla Semi Is Going To Change The World 002407
At the beginning of October, I published a story on the beginning of Tesla Semi deliveries. The first Tesla Semi for a commercial customer is set to be delivered on December 1, to PepsiCo. There are plenty of financial analyses and specs we could highlight to examine the cost-competitiveness of the Tesla Semi compared to… Continue reading Clean Tecnica: The Tesla Semi Is Going To Change The World 002407
Clean Technica: EVs Could Account For ~90% Share Of The Market By 2027002406
ARK’s evolving electric vehicle (EV) sales forecast is pointing the way to an all-electric auto industry in the next 5 years. Their conclusion stems from the argument that all new vehicle sales will be electric if prices drop to ~$14,500 on average. Moreover, their analysts say that, while production capacity may not hit 80 million… Continue reading Clean Technica: EVs Could Account For ~90% Share Of The Market By 2027002406
Cleantechnica: From Hyundai Kona EV to Tesla Model Y Standard Range 002405
Phil bought an electric Hyundai Kona three and half years ago, and we have met on and off at various car events and coffee mornings since then. He recently traded up to a Tesla Model Y Standard Range and has modified it for his wife Gwen’s disability. I spent the morning with him today. We… Continue reading Cleantechnica: From Hyundai Kona EV to Tesla Model Y Standard Range 002405
Miami Nightclubs Horrified That Big-Spending Crypto Bros Are Broke Now
“They wanted to show that they didn’t have any limits.” Fallen High-Rollers Like a lot of other folks out there, the sullen owners of Miami nightclubs have lost out in the crypto crash — although not necessarily because they invested their savings into the cryptocurrencies. Instead, they’re missing out on the business of high-rolling crypto… Continue reading Miami Nightclubs Horrified That Big-Spending Crypto Bros Are Broke Now