Vietnamese electric motorbike startup Dat Bike has secured $8 million in a new funding round led by Singapore-based Jungle Ventures, according to an announcement. GSR Ventures and Delivery Hero Ventures also participated in the round, along with Wavemaker Partners and Innoven Capital. This new funding round, which comes a few months after the startup bagged… Continue reading Vietnamese EV startup Dat Bike secures $8m in round led by Jungle VenturesGSR Ventures and Delivery Hero Ventures also participated in the round
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IFC mulls $35m loan package to Bangladesh’s Tanveer Foods
International Finance Corporation (IFC), a member of the World Bank Group, is considering investing up to $35 million in equivalent loans to Tanveer Foods, an importer of food products in Bangladesh, according to a disclosure. IFC said the proposed investment includes an up to $21 million senior-secured A loan from IFC alongside an up to… Continue reading IFC mulls $35m loan package to Bangladesh’s Tanveer Foods
Cash-rich Bukalapak pursues selective strategy on investments to widen its ecosystem
Indonesia-listed all-commerce player Bukalapak has emerged as more than a marketplace platform since its $1.5-billion initial public offering in 2021 as it pursues strategic investments selectively to expand its ecosystem. At the same time, the cash-rich tech major is following a conservative spending strategy, according to analysts tracking the firm. In fact, some local and… Continue reading Cash-rich Bukalapak pursues selective strategy on investments to widen its ecosystem
Chinese EV startup WM Motor said to be slashing salaries as losses balloon
WM Motor Holdings Ltd. is cutting salaries by half for management and nearly a third for staff members, Caixin has learned, as the electric-vehicle (EV) startup struggles with sluggish sales and ballooning losses. The Shanghai-based automaker began the cost-control measures in October, also cancelling annual bonuses and vehicle purchases subsidies, the source said, citing a… Continue reading Chinese EV startup WM Motor said to be slashing salaries as losses balloon
Dat Bike gets another $8M to put more e-bikes on Vietnam’s roads
Dat Bike is on a mission to put more electric bikes on Vietnam’s roads. The startup said today it has raised $8 million led by returning investor Singapore-based firm Jungle Ventures, just seven months after its first round of funding was announced. GSR Ventures and Delivery Hero Ventures also participated in this round, along with… Continue reading Dat Bike gets another $8M to put more e-bikes on Vietnam’s roads
San Francisco police consider letting robots use ‘deadly force’
/ The San Francisco Police Department submitted a proposal that would give robots the ability to use deadly force in dangerous situations. A remote-controlled robot used to disarm bombs.ARNO BURGI/DPA/AFP via Getty Images The San Francisco Police Department is proposing a new policy that would give robots the license to kill, as reported earlier by… Continue reading San Francisco police consider letting robots use ‘deadly force’
Electric motorbike maker Zapp Electric Vehicles to go public via SPAC
UK-based electric two-wheeler manufacturer Zapp Electric Vehicles is merging with a blank-check company to become publicly traded on the Nasdaq at a post-money valuation of $573 million. Zapp says it will use the proceeds from the merger to bring its long-awaited i300 high performance, seated city scooter to market. The i300 was initially revealed back… Continue reading Electric motorbike maker Zapp Electric Vehicles to go public via SPAC
Lyft, Redwood Materials partner to recycle shared e-bike and e-scooter batteries
Lyft is partnering with Redwood Materials, a battery recycling company founded by ex-Tesla co-founder JB Straubel, to ensure the batteries from its fleets of shared electric bikes and scooters don’t end up in landfill at their end of life. The news, reported by The Verge, comes the same week that Lyft ended its dockless bike… Continue reading Lyft, Redwood Materials partner to recycle shared e-bike and e-scooter batteries
GM reveals Chevy FNR-XE concept in China as one of 15 EVs set to debut by 2025
At General Motors China Tech Day 2022, the automaker reiterated its plans to accelerate the company’s EV rollout with at least 15 new Ultium-based models set to debut in the region. GM also unveiled the Chevrolet FNR-XE concept, previewing GM’s new generation of connected, intelligent EVs. GM’s CEO Mary Barra explained to investors last week… Continue reading GM reveals Chevy FNR-XE concept in China as one of 15 EVs set to debut by 2025
Aptera says it will use Tesla’s charge connector in its solar electric car
Aptera has confirmed that it plans to use Tesla’s charge connector, now known as the North American Charging Standard (NACS), in its upcoming solar electric car. Earlier this month, Tesla surprised many by announcing that it is opening its EV charge connector in the hope of making it the new standard in North America. At the time,… Continue reading Aptera says it will use Tesla’s charge connector in its solar electric car