Private equity giant KKR is set to invest $400 million in Serentica Renewables, a Gurugram-headquartered decarbonisation platform that provides clean energy solutions for energy-intensive industries, per an announcement. Serentica, which is held by Twinstar Overseas Limited, focuses on industrial decarbonisation and makes renewables the primary source of energy for the commercial and industrial segment, which… Continue reading PE giant KKR to invest $400m in Indian decarbonisation platform Serentica Renewables
Category: Tech News
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Gap to sell Greater China businesses to e-commerce firm Baozun
US apparel retailer Gap Inc has agreed to sell its Greater China businesses to Baozun Inc, the e-commerce service provider said on Tuesday, as headwinds persists for global consumer brands in the world’s second-largest economy. Dealmakers have seen opportunities for merger and acquisitions involving multinational firms that look to spin off their China units, as growth outlook in the country grappling with strict COVID-curbs remains uncertain amid intensifying… Continue reading Gap to sell Greater China businesses to e-commerce firm Baozun
BEENEXT leads funding in Driffle and India deals worth $84m
Digital gaming marketplace Driffle on Tuesday announced that it has raised $3.4 million in its seed funding round led by BEENEXT and other global investors, including JAFCO Asia, Taurus Ventures, Better Capital, and White Venture Capital. Renowned angel investors Kunal Shah, Maninder Gulati, Amit Damani, Archana Priyadarshani, and Arun Venkatachalam, among others, also participated in… Continue reading BEENEXT leads funding in Driffle and India deals worth $84m
Google and Renault are working on a ‘software-defined vehicle’
/ The companies will collaborate on a software platform, including the creation of a Digital Twin to test out advanced AI features virtually. Photo by Eric Piermont / AFP via Getty Images Google and the Renault Group are expanding their four-year-old partnership to include the development of an advanced software platform for future vehicles. This… Continue reading Google and Renault are working on a ‘software-defined vehicle’
Here’s why heartland states lag behind the coasts on EV adoption
Retail sales of EVs have yet to fully take off in the US heartland states, according to new analysis from S&P Global Mobility. How come? The top eight EV markets in the United States are all in coastal states, and those markets represent more than half – 50.5% – of total EV registrations in 2022.… Continue reading Here’s why heartland states lag behind the coasts on EV adoption
Blibli’s shares recover after opening below their IPO price on listing dayShares of the company opened at 440 rupiah apiece, lower than the IPO price …
PT Global Digital Niaga Tbk — the entity that owns e-commerce player Blibli, online travel agency Tiket.com, and supermarket chain Ranch Market — listed on the Indonesia Stock Exchange (IDX) on Tuesday. Shares of the company, which started trading under the ticker BELI, opened at 440 rupiah apiece, lower than the IPO price of 450 rupiah… Continue reading Blibli’s shares recover after opening below their IPO price on listing dayShares of the company opened at 440 rupiah apiece, lower than the IPO price …
Indonesia’s newly launched Kopital Network looks to connect angels with startup founders
An angel investor network of startup founders and executives, seeking to help new Indonesian founders with funding and expert advice, has launched in Indonesia. Called Kopital Network, the entity will function independently, James Prananto, co-founder of Kenangan Brands, the Indonesian New Retail F&B group behind Kopi Kenangan, told DealStreetAsia. While Prananto is an angel investor… Continue reading Indonesia’s newly launched Kopital Network looks to connect angels with startup founders
Data Vantage: Speedoc, Sunbird Bio, Nuevocor, Fonos and Mindtera bag funding
Digital health platform Speedoc secured $13 million in new funding from investors, including Vertex Ventures Southeast Asia & India, last week. The lead investor in the Series A2 funding was Erste WV Gütersloh GmbH, a subsidiary of German conglomerate Bertelsmann. The startup’s share price in the latest round is more than twice that in its last financing… Continue reading Data Vantage: Speedoc, Sunbird Bio, Nuevocor, Fonos and Mindtera bag funding
Clean Technica: UK BEV Volume Up YoY Despite Tesla Mid-Quarter Restocking002362
The UK auto market saw plugin electric vehicles take 21.5% share in October, with growing year on year volumes. Despite volume gain, YoY plugin share saw a slight dip (from 23.1%), against greater YoY gains in overall auto volume, up 26% to 134,344 units (from a record low baseline). October market volume was still at… Continue reading Clean Technica: UK BEV Volume Up YoY Despite Tesla Mid-Quarter Restocking002362
Clean Technica: Tesla Takes Over SEMA Show in Las Vegas (Photo Gallery)002361
The SEMA show in Las Vegas is the largest automotive specialty parts trade show in the world, drawing over 160,000 attendees. I attended the show last week to check out new parts and accessories that Tesla owners might be interested in — some will be premiering (on EVANNEX) soon. However, I also encountered some wild, customized Teslas that showcase a significant design… Continue reading Clean Technica: Tesla Takes Over SEMA Show in Las Vegas (Photo Gallery)002361