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Category: Tech News
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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.
Tencent, Baidu, Weibo downgraded by Morningstar ESG unit over censorship
Sustainalytics, the environmental, social and governance (ESG) rating unit of U.S. financial services group Morningstar, has downgraded Tencent Holdings, Baidu and Weibo Corp over their role in China’s expanding control of its internet. The move, which was made in recent months, prompted at least one U.S. asset manager, WisdomTree Investments, to delete the firms from… Continue reading Tencent, Baidu, Weibo downgraded by Morningstar ESG unit over censorship
Abu Dhabi’s Chimera Capital launches $2b private credit fund
Abu Dhabi investment firm Chimera Capital said on Monday it was launching a $2 billion private credit fund with U.S. alternative asset manager Alpha Wave Global. Chimera Capital and Alpha Wave Global will jointly manage the Alpha Wave Private Credit, which will look to provide private, senior secured, floating rate loans for companies, Chimera said. Its mandate is global but has a… Continue reading Abu Dhabi’s Chimera Capital launches $2b private credit fund
Chinese AI chatbot Xiaoice bags $138m to accelerate virtual employee technology
China’s AI chatbot developer Xiaoice has raised 1 billion yuan ($138.4 million) to speed up the development of its ‘AI Being’ technology in a bid to bring its ‘digital employees’ to the mainstream, the company said. Neither the details of the investors nor the funding stage was divulged in the announcement. AI Being, a term… Continue reading Chinese AI chatbot Xiaoice bags $138m to accelerate virtual employee technology
Renault’s talks with Geely complicated by Nissan’s concerns about tech transfer
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
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