Nissan Motor Co’s concerns about technology transfers have complicated its partner Renault’s plans to sell a large stake in its gasoline-engine business to China’s Geely, three people familiar with the talks said. Renault is pursuing a complex two-pronged restructuring. On one hand, it is aiming to revamp its alliance with Nissan and convince the Japanese automaker to invest in a new electric car unit called… Continue reading Renault’s talks with Geely complicated by Nissan’s concerns about tech transfer
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The Mobility House Secures €50M in Series C Funding
The Mobility House, a Munich, Germany-based provider of smart charging for electric vehicles, raised €50M in Series C funding. The round was led by Mercuria, Ventura Capital, and Green Gateway Fund, with participation from Mercedes-Benz, Alliance Venture, Mitsui, and SP Group. The company intends to use the funds to expand technology development efforts and its… Continue reading The Mobility House Secures €50M in Series C Funding
The 5 brightest flashlights of 2022
Flashlights are an essential item for nighttime outdoor activities like camping or walking a dog, emergency situations, or whenever you need an alternative and portable light source. The average flashlight shines a decent enough beam, but if you’re looking for something brighter, there are significantly brighter flashlights available. The world’s brightest flashlight clocks in at… Continue reading The 5 brightest flashlights of 2022
Amazon says it has ‘hundreds’ of Rivian electric vans making deliveries in the US
/ The Electric Delivery Vans first started rolling out last July. Now they’ve helped deliver over 5 million packages in nearly two dozen US cities. The deadline to deliver 100,000 electric vans has been pushed to 2030. Amazon’s fleet of Rivian-made electric delivery vans is growing. Since first rolling out earlier this year, the retail… Continue reading Amazon says it has ‘hundreds’ of Rivian electric vans making deliveries in the US
China’s second-largest chipmaker gets nod for $2.5b Shanghai IPOThe planned IPO comes as China’s chip companies gear up for steeper competition with U…
Chinese chip manufacturer Hua Hong Semiconductor Ltd has received regulatory approval for an 18 billion yuan ($2.5 billion) IPO in Shanghai, according to a filing published late on Friday on the Hong Kong stock exchange. The planned initial public offering (IPO) comes as China’s chip companies gear up for steeper competition with the United States… Continue reading China’s second-largest chipmaker gets nod for $2.5b Shanghai IPOThe planned IPO comes as China’s chip companies gear up for steeper competition with U…
India Digest: upGrad to invest $30m in new campuses; JM Financial PE leads investment in Silveredge Tech
Higher education platform upGrad on Monday said it plans to invest $30 million to open 10 global campuses. Separately, JM Financial Private Equity’s third fund said it led an investment round of Rs 95 crore ($11.5 million) in Silveredge Technologies. upGrad to launch global campuses Higher education platform upGrad on Monday said it plans to… Continue reading India Digest: upGrad to invest $30m in new campuses; JM Financial PE leads investment in Silveredge Tech
Layoff worries mount in India: Udaan, Practically, Brainly latest to fire staff
Amid the ongoing funding crunch, layoffs continue to rise in the Indian startup ecosystem. While B2B e-commerce startup Udaan is laying off 300-350 employees in a fresh round of layoffs, edtech company Practically has laid off over 70% of its employees, and peer Brainly has partially shut down Indian operations and fired nearly all its… Continue reading Layoff worries mount in India: Udaan, Practically, Brainly latest to fire staff
Asia Digest: Indo startup Base raises $6m; Purpose Venture Capital scores $10m
Indonesia-based D2C startup Base raised $6 million in a Series A round, while Singapore-based venture investor Purpose Venture Capital secured its first commitment at $10 million. Indonesian startup Base raises $6m in Series A Indonesian direct-to-consumer beauty and wellness startup Base announced raising $6 million in a Series A funding round anchored by Rakuten Ventures,… Continue reading Asia Digest: Indo startup Base raises $6m; Purpose Venture Capital scores $10m
Elon Musk says Twitter will permanently ban users that impersonate accounts
Before acquiring Twitter, Elon Musk said he was against lifetime suspensions, promising to reinstate banned users like Donald Trump. Now, Musk wrote that Twitter will permanently suspend account impersonators if they are not clearly labeled as parody. The move comes after several verified “blue-check” users changed their accounts to impersonal Musk himself. Twitter appears to… Continue reading Elon Musk says Twitter will permanently ban users that impersonate accounts
Apple expects iPhone 14 shipments to be delayed by Covid restrictions in China
COVID-19 restrictions at Foxconn’s primary iPhone 14 factory in Zhengzhou, China means shipments will be lower than anticipated, Apple said in a short press release. That means in turn that customers who’ve ordered one will experience “longer wait times to receive their new products,” it added. COVID-19 restrictions have temporarily impacted the primary iPhone 14… Continue reading Apple expects iPhone 14 shipments to be delayed by Covid restrictions in China