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Category: Tech News
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Rivian impressed car reviewers (and us) with its R1T pickup, and its R1S electric SUV is no different. The slightly smaller vehicle continues the automotive startup’s trend of building no-compromise electric vehicles meant for outdoor adventure. Living the life of an extreme camper, kayaker or cyclist doesn’t come cheap: The R1S has a bank-busting price… Continue reading Untitled
Airbnb will improve transparency around pricing
Booking a stay through Airbnb can be a chore for a few reasons. Chief among those is the fact it’s not always easy to tell at a glance how much you’ll pay for your vacation rental, since the cleaning fee or security deposit may not appear until after you click on a listing. However, Airbnb… Continue reading Airbnb will improve transparency around pricing
Starlink is adding a 1TB data cap for usage during peak hours
Starlink raised its prices this spring, and now it’s increasing the costs for its most demanding users. As The Verge reports, the SpaceX-run satellite internet provider is instituting a 1TB “Priority Access” monthly cap for data use between 7AM and 11PM beginning in December. Cross that limit and you’ll spend the rest of the month… Continue reading Starlink is adding a 1TB data cap for usage during peak hours
India’s GreenCell receives $55m sanctions from ADB, others to make e-busesIt has also received grants worth $325,000 from CTF and $5.2m from the Goldm…
Electric bus maker GreenCell Mobility has received $55 million in sanctions from Asian Development Bank (ADB), Asian Infrastructure Investment Bank (AIIB), and Clean Technology Fund (CTF) to develop 255 electric battery-powered buses. GreenCell, which is backed by Eversource, a joint venture between investment management firm Everstone Group and solar energy project developer Lightsource bp, has… Continue reading India’s GreenCell receives $55m sanctions from ADB, others to make e-busesIt has also received grants worth $325,000 from CTF and $5.2m from the Goldm…
Private equity fund JIP submits $15b bid for Toshiba
Private equity fund Japan Industrial Partners has submitted a bid of around $15 billion to buy Toshiba Corp, the Nikkei newspaper reported on Monday, delivering the proposal just before a looming preferred-bidder deadline. JIP‘s proposal, which includes more than ten investors including utility Chubu Electric Power Co Inc and financial services group Orix Corp, appears… Continue reading Private equity fund JIP submits $15b bid for Toshiba
Yassir pulls in $150M for its super app, led by BOND
Yassir, an African super app platform that offers on-demand services such as ride-hailing, food and grocery delivery, and payments, has raised $150 million in Series B funding, five times what it raised in its previous priced round last November. The investment was led by BOND, the growth-stage firm that Mary Meeker spun out of Kleiner… Continue reading Yassir pulls in $150M for its super app, led by BOND
Trouble brews at Arrival, TuSimple ousts its CEO and Cruise expands in San Francisco
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 Trouble brews at Arrival, TuSimple ousts its CEO and Cruise expands in San Francisco
Ouster and Velodyne agree to merger, signaling consolidation in lidar industry
Ouster and Velodyne, two lidar companies, have agreed to a merger in an all-stock transaction, the companies said Monday. Both Ouster and Velodyne will maintain a 50% stake in the new company, according to the agreement that was signed on November 4. The merger comes as many in the industry, including autonomous vehicle technology company… Continue reading Ouster and Velodyne agree to merger, signaling consolidation in lidar industry
Värde Partners to invest $1b in India in a year, per reportVärde is looking to invest $100-200m per deal, MD Sandeep Chandak told Mint.
US alternative investment firm Värde Partners plans to invest as much as $1 billion to grow its portfolio in India as part of a broader strategy to tap potential opportunities in the credit market, Mint reported on Monday. “Over the next 12 months, across 6-8 transactions, we are looking at anywhere around $800 million to… Continue reading Värde Partners to invest $1b in India in a year, per reportVärde is looking to invest $100-200m per deal, MD Sandeep Chandak told Mint.