AlphaVest Acquisition, a special purpose acquisition company (SPAC) that targets businesses in Asia, has filed with the US Securities and Exchange Commission (SEC) to raise up to $60 million in an initial public offering (IPO). The blank cheque company, led by executives of Shenzhen Guoxing Capital and V-Stone Capital, is offering 6 million units at… Continue reading Asia-focused SPAC AlphaVest Acquisition files for $60m IPO in the US
Category: Tech News
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China Deal Review: A $2.5b megadeal props up startup fundraising in October
As the number of venture deals in Greater China slid further from August’s peak, October saw 178 startups raise a combined $5.1 billion. This included one megadeal that contributed almost half of the month’s total financing. The deal count of 178 in October marked a decrease of 9.6% from the prior month. The deal value… Continue reading China Deal Review: A $2.5b megadeal props up startup fundraising in October
Lyft takes $135.7 million hit on Argo AI shutdown
Ride-hailing company Lyft lost $135.7 million in the third quarter due to the shutdown of autonomous vehicle company Argo AI, in which Lyft had a small stake. Late last month, Argo AI closed its doors as its main backers, Ford and Volkswagen, pulled their investments in order to focus on more near-term goals like advanced… Continue reading Lyft takes $135.7 million hit on Argo AI shutdown
Travel app Hopper raises $96M from Capital One to double down on social commerce
Evidently, the downturn hasn’t soured investors on the travel industry. Travel booking startup Hopper today announced that it closed a $96 million follow-on investment from Capital One, bringing the company’s total raised to $740 million. The fresh cash will be put toward several efforts, CEO and co-founder Frederic Lalonde said in a press release, including… Continue reading Travel app Hopper raises $96M from Capital One to double down on social commerce
The Zendure SuperBase V is a power bank for your whole home or electric car
Zendure SuperBase V with satellite battery (16-inch MacBook Pro for scale). Adrian Kingsley-Hughes/ZDNET I don’t think I’ve ever tested something so big and so powerful that it actually intimidated me. Featured reviews But that day is here with the arrival of the Zendure SuperBase V. Regular readers will know that I’ve tested power banks of… Continue reading The Zendure SuperBase V is a power bank for your whole home or electric car
Honda’s new AI-powered ‘golf cart’ look-alike will drive you around without a license
The new “Honda CI Micro-Mobility” self-driving EVs are set to hit the streets, combining Artificial (AI) and Cooperative (CI) technologies. Although it may resemble the look of a golf cart, Honda’s “Micro Mobility” concept is capable of much more, with features designed to shuttle around those who either don’t want to or can’t drive. Honda… Continue reading Honda’s new AI-powered ‘golf cart’ look-alike will drive you around without a license
Tesla applies for machine-to-machine cellular data service in its electric cars
Tesla has applied to offer telecommunication services in Canada, including “machine-to-machine cellular data service” in its electric cars. Starting with the Model S in 2012 and for a decade now, Tesla has been leading the auto industry in the level of connectivity inside its vehicles. Tesla has made software a priority in its product, and… Continue reading Tesla applies for machine-to-machine cellular data service in its electric cars
Tesla-backed startup launches microgrid powering 2 African villages
ZOLA Electric, a Tesla-backed company providing energy to remote African villages through solar and batteries, has announced the deployment of a new microgrid system that is powering 1,000 homes, schools, and businesses in two villages in Rwanda. We reported on ZOLA Electric back in 2015 when it was still called Off Grid Electric. At the… Continue reading Tesla-backed startup launches microgrid powering 2 African villages
Ten-year hunt leads to 50,000 stolen Bitcoin stored in a popcorn tin and underground safe
Nick Barclay / The Verge The Department of Justice announced it’s seized around 50,676 Bitcoin that a 32-year-old from Georgia fraudulently obtained from The Silk Road — a site on the dark web once called “the Amazon of drugs” — in 2012. After seemingly tipping authorities off to his large cache of Bitcoin a few… Continue reading Ten-year hunt leads to 50,000 stolen Bitcoin stored in a popcorn tin and underground safe
Realizing Its Mistake, Twitter Pleads With Fired Employees to Come Back
Elon Musk seems to have no idea what he’s doing. Please Come Back Twitter’s operations have been plunged into absolute chaos ever since Elon Musk took over the company. Last week, Musk laid off around half of the embattled social media company’s staff, which was more or less expected. In a much more surprising twist,… Continue reading Realizing Its Mistake, Twitter Pleads With Fired Employees to Come Back