For some budding restauranteurs, CloudKitchens might sound like a great opportunity to get off the ground. The service, owned by Uber founder and ex-CEO Travis Kalanick, promises restaurateurs delivery-only kitchens in rented warehouse spaces with low startup fees. But a report from Insider reveals that many CloudKitchens operators are struggling to keep their business alive… Continue reading The Uber of ghost kitchens sucks, apparently
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VW strikes a deal with Canada to build EV batteries in North America
Volkswagen signed a memorandum of understanding with the Canadian government to “explore opportunities” to bring some of its electric vehicle battery manufacturing to the country. The move is seen as an effort to ensure that the automaker’s plug-in vehicles qualify for the US’s revamped EV tax credits, which place stricter requirements on where battery and… Continue reading VW strikes a deal with Canada to build EV batteries in North America
Save 25% on the Acer Swift X Creator and Other Great Back-to-School Laptop Deals
If you’re still using the family desktop, it might be time to invest in a new laptop — and what better time than now, with some seriously unbeatable back-to-school deals on all the top brands. No matter what you use it for, having a quality laptop can be the difference between a late paper and… Continue reading Save 25% on the Acer Swift X Creator and Other Great Back-to-School Laptop Deals
Ex-Apple engineer pleads guilty to stealing Apple’s car secrets
Image: NurPhoto/Getty Xiaolang Zhang, a former Apple employee charged by the FBI in 2018 for stealing trade secrets about Apple’s autonomous vehicle project, pleaded guilty in a federal court in San Jose on Monday. Zhang stole the trade secrets while preparing to work for Chinese electric vehicle startup Xiaopeng Motors, also known as XPeng. The… Continue reading Ex-Apple engineer pleads guilty to stealing Apple’s car secrets
Google launches third Singapore data centreGoogle’s data centre investments in Singapore now stand at $850m.
Internet giant Google officially launched its third data centre in Singapore on Tuesday, bringing its total investments in such facilities in the city-state to $850 million. “Singapore is a regional hub for our network of data centres, cloud regions and subsea cables, which connect the country to the rest of the region and the world,… Continue reading Google launches third Singapore data centreGoogle’s data centre investments in Singapore now stand at $850m.
Chinese CDMO Porton Advanced nets over $80m in Series B round
China’s Porton Advanced Solutions has secured over $80 million in a Series B funding round as the domestic contract development and manufacturing organisation (CDMO) looks to further expand its business with a continued focus on providing gene and cell therapy services. Porton Advanced, a subsidiary of Chinese publicly-listed CDMO Porton Pharma Solutions, raised the funding… Continue reading Chinese CDMO Porton Advanced nets over $80m in Series B round
Apple plans to make iPhone 14 in India amid troubles in China: report
Apple Inc. plans to start manufacturing iPhone 14 in India as the US tech giant seeks alternatives to China after Xi administration’s clashes with Washington and lockdowns across the country disrupted production, Bloomberg News reported. The company has been working with suppliers to ramp up production in India and shorten the lag in manufacturing new iPhones… Continue reading Apple plans to make iPhone 14 in India amid troubles in China: report
Former Apple employee pleads guilty to stealing self-driving car secrets
Back in 2018, former Apple employee Xiaolang Zhang was arrested at San Jose International Airport where he was going to board a last-minute flight to China. Zhang was accused of transferring a 25-page document that includes the engineering schematics of a circuit board for the company’s self-driving vehicle, along with technical manuals describing Apple’s prototype,… Continue reading Former Apple employee pleads guilty to stealing self-driving car secrets
Indian digital wellness platform Mojocare raises $20m from B Capital’s Ascent Fund, othersExisting investors Chiratae Ventures, Sequoia India’s Surge …
Digital wellness platform Mojocare has raised $20 million in a Series A round led by B Capital’s Ascent Fund and existing investors Chiratae Ventures, Sequoia India’s Surge and Better Capital. The funding round also saw participation from angel investors, including Times Group MD Vineet Jain; CRED founder Kunal Shah; and Curefoods founder Ankit Nagori. Mojocare… Continue reading Indian digital wellness platform Mojocare raises $20m from B Capital’s Ascent Fund, othersExisting investors Chiratae Ventures, Sequoia India’s Surge …
DeepWay raises $67m and 21 more deal updates from Greater China worth $277mQiming Venture Partners led DeepWay’s Series A.
DeepWay, a Baidu-backed startup that develops smart, new energy heavy-duty trucks, announced on Tuesday the completion of its first external funding round of 460 million yuan ($67.1 million) to power trucks with autonomous driving technology. Chinese venture capital (VC) major Qiming Venture Partners led the Series A round, with participation from investment firm Vlight Capital,… Continue reading DeepWay raises $67m and 21 more deal updates from Greater China worth $277mQiming Venture Partners led DeepWay’s Series A.