While hydrogen is still relatively niched as a fuel for electric vehicles, a startup in China is jumping ahead to embrace it for autonomous driving scenarios. WeRide, one of the most funded robotaxi operators in China with investors including Renault-Nissan-Mitsubishi Alliance, said Tuesday it is joining hands with Hyundai to launch a “self-driving hydrogen-powered vehicle… Continue reading Hyundai and WeRide plan to fuel self-driving with hydrogen in China
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OM System unveils the OM-5, its first camera without the Olympus name
OM System has launched its first camera that doesn’t carry the Olympus name, the $1,200 OM-5 — and it looks a lot like the Olympus OM-D E-M5 Mark III, other than a few tweaks. It has the same sensor and video specs, but wears a new weatherproof body and updated processor that delivers improved autofocus… Continue reading OM System unveils the OM-5, its first camera without the Olympus name
iPhones will get USB-C charging to comply with EU law, Apple SVP confirms
When the European Parliament voted in favor of making USB-C the common charging standard in the region, it was pretty obvious which company was going to be the most affected by the mandate. Apple, of course. While the tech giant already has iPad models with USB-C ports, its iPhones still require a lightning connector. Now,… Continue reading iPhones will get USB-C charging to comply with EU law, Apple SVP confirms
Spotify accuses Apple of impeding its fledgling audiobook business
Spotify launched its audiobook business just last month with 300,000 titles, but is now saying that Apple is engaging in “anticompetitive” behavior that is impinging the new business, the company wrote in a blog post. It said that Apple rejected its audiobook purchasing system three times due to a violation of its rules. To comply,… Continue reading Spotify accuses Apple of impeding its fledgling audiobook business
Thai metaverse developer Translucia picks majority in InfofedThe transaction marks KK Fund’s second exit in Thailand.
Thailand-headquartered metaverse developer Translucia has acquired a majority stake in the local eSports arena Infofed, which is backed by Japanese seed-stage investor KK Fund, for $20 million in a joint venture deal, according to a source familiar with the development. The transaction marks KK Fund’s second exit in Thailand following Eventpop in 2021, KK Fund… Continue reading Thai metaverse developer Translucia picks majority in InfofedThe transaction marks KK Fund’s second exit in Thailand.
Temasek unit 65 Equity Partners injects $106m in Cityneon
Temasek’s wholly-owned investment firm 65 Equity Partners has invested S$150 million ($106 million) in Singapore-based immersive entertainment firm Cityneon Holdings, per an announcement. Prior to this transaction, Cityneon raised a S$235 million round in April 2021, which valued the company at over S$1 billion. Cityneon’s existing investors include CITIC Capital, Pavilion Capital, EDBI, Qatar’s Doha Venture Capital… Continue reading Temasek unit 65 Equity Partners injects $106m in Cityneon
Australian VC Square Peg raises $550m for SE Asia, Australia, and Israel fund
Square Peg, Australia’s largest pensions-backed venture capital (VC) firm, announced that it has raised $550 million for its fifth fund, which will focus on tech founders in Australia, Southeast Asia, and Israel. The fund, which secured commitments from new and returning investors, brings Square Peg’s total funds raised to date to over $1.6 billion since… Continue reading Australian VC Square Peg raises $550m for SE Asia, Australia, and Israel fund
AM Batteries Raises $25M in Series A Financing
AM Batteries, a Boston, MA-based lithium-ion dry-electrode technology company, raised $25M in Series A funding. The round was led by Anzu Partners, with participation from TDK Ventures, Foothill Ventures, Toyota Ventures, Zeon Ventures, SAIC Capital, VinFast, Doral Energy-Tech Ventures, and Creative Ventures. The company intends to use the funds to expand its team and accelerate its… Continue reading AM Batteries Raises $25M in Series A Financing
General Motors (GM) reports a record $41.9 billion in Q3 2022 revenue and reaffirms earnings guidance
GM shared its Q3 2022 financial report today, which is highlighted by an EBIT-adjusted $4.3 billion bolstered by a quarterly revenue of $41.9 billion. As a result, the American automaker has reaffirmed its full-year earnings guidance as it continues to scale its Ultium platform and expand EV production throughout its marques. Everyone is aware of GM ($GM) by… Continue reading General Motors (GM) reports a record $41.9 billion in Q3 2022 revenue and reaffirms earnings guidance
Altair Capital picks significant minority in SG-based Beyond Medical GroupThe deal marks the eighth investment from Altair’s debut fund.
Altair Capital, the ASEAN affiliate of Japanese buyout firm Polaris Capital Group, has picked up a significant minority stake in Singapore-based multi-disciplinary private specialist healthcare group Beyond Medical Group. Financial details of the transaction were not disclosed. This is the eighth investment from Altair Capital’s inaugural $100-million fund. The firm typically writes cheques of up… Continue reading Altair Capital picks significant minority in SG-based Beyond Medical GroupThe deal marks the eighth investment from Altair’s debut fund.