Category: Tech News

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Heliconia Capital, Yangzijiang launch $109m PE fund targeting SMEs in SE Asia

Singapore-listed Yangzijiang Financial has teamed up with Temasek-backed Heliconia Capital to launch a S$150-million ($109 million) new fund that will invest in small and medium-sized enterprises (SMEs) in Singapore and Southeast Asia. The newly-launched private equity fund, Heliconia Generation Fund Limited Partnership, will co-invest alongside the other fund managed by Heliconia with a focus on… Continue reading Heliconia Capital, Yangzijiang launch $109m PE fund targeting SMEs in SE Asia

HyperloopTT’s SPAC public debut may be going nowhere fast

Hyperloop Transportation Technologies (HyperloopTT) has entered into a definitive merger agreement with special purpose acquisition company (SPAC) Forest Road Acquisition Corp. II, which is led by former Disney executives Tom Staggs and Kevin Mayer. The combined company will list shares at a pre-money valuation of $600 million. In theory, hyperloop technology is a vacuum tube-based… Continue reading HyperloopTT’s SPAC public debut may be going nowhere fast

The perfect USB-C tester for your repair toolbox for just $16

MakerHawk Type-C USB-C meter tester. Adrian Kingsley-Hughes/ZDNET Featured reviews If you’re thinking about taking your tech toolbox beyond screwdrivers and pry tools, then a tool that I recommend adding to your arsenal is a USB port tester.  And as ports are making the shift away from USB-A to USB-C, I recommend going for a USB-C… Continue reading The perfect USB-C tester for your repair toolbox for just $16

Watch exactly how Fisker’s Ocean electric SUV is built in under 3 minutes

Less than a week after officially kicking off production of its Ocean EV overseas, Fisker Inc. has shared video footage of the all-electric SUV being built from start to finish. Check out the three-minute time lapse video from Fisker below. To say it’s been a journey for Fisker Inc. ($FSR) and its flagship Ocean SUV… Continue reading Watch exactly how Fisker’s Ocean electric SUV is built in under 3 minutes

Tesla now has 40,000 Superchargers around the world

Tesla confirmed that it now has 40,000 Superchargers in operation around the world, making it the largest global DC fast-charging network. The Supercharger network has been a critical part of Tesla’s success. When Tesla first got into the electric vehicle business, it was in its infancy, and the automaker quickly realized that if it wanted… Continue reading Tesla now has 40,000 Superchargers around the world

Tesla Cybertruck reaches 1.5 million pre-orders – Can it live up to the hype?

Tesla Cybertruck is getting closer to production, and as the automaker’s first new model in three years, the company badly needs it to gain its momentum back. But can the electric pickup truck live up to Elon Musk’s hype and the 1.5 million pre-orders? Musk has been hyping the Cybertruck as not only Tesla’s best… Continue reading Tesla Cybertruck reaches 1.5 million pre-orders – Can it live up to the hype?

Tesla Megapack project becomes Europe’s biggest battery

A new Tesla Megapack project has become Europe’s biggest battery system capable of backing up power to around 300,000 UK homes for two hours. Megapack has quickly emerged as the leading battery system for large utility-scale energy storage systems. It helped Tesla’s energy division accelerate storage deployment, and the company has now built an impressive… Continue reading Tesla Megapack project becomes Europe’s biggest battery

Carlyle Group offloads 2.5% stake in Indian logistics firm Delhivery for $74mAs of the quarter ended Sept, CA Swift Investments owned a 5.07% stake in…

The Carlyle Group, through its special purpose vehicle CA Swift Investments, has sold shares worth $74 million (Rs 607 crore) in Indian logistics firm Delhivery, according to data available on NSE. CA Swift Investments offloaded 18.4 million shares, amounting to a 2.5% stake in Delhivery. As of the quarter ended Sept, CA Swift Investments owned… Continue reading Carlyle Group offloads 2.5% stake in Indian logistics firm Delhivery for $74mAs of the quarter ended Sept, CA Swift Investments owned a 5.07% stake in…

People Digest: Nykaa CFO resigns; Entrepreneur First appoints India head

Indian online beauty retailer Nykaa on Tuesday said its chief financial officer (CFO) Arvind Agarwal has resigned from the company. Separately, Entrepreneur First has named former Swiggy executive Rahul Samat as partner and India head, VCCircle reported. Nykaa CFO resigns Online beauty retailer Nykaa’s chief financial officer (CFO) Arvind Agarwal has resigned from the firm,… Continue reading People Digest: Nykaa CFO resigns; Entrepreneur First appoints India head