Amid the economic volatility and much-talked-about funding winter, one segment that is buzzing with deal activity is electric vehicles (EV). While many players are already armed with funding to expedite EV adoption in the country, the latest in the market to raise capital is Zypp Electric. Hyperlocal and EV-based last-mile delivery startup Zypp Electric is… Continue reading India: Zypp Electric in advanced talks with SE Asian OEM player for $25-30m fundingThe round is likely to value Zypp at about $120-150 million.
Category: Tech News
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Tesla’s virtual power plant had its first event helping the grid – looks like the future
Tesla’s virtual power plant in California had its first emergency response event helping the grid by pooling power from Powerwall owners around the state. The event appears to have been a success as the distributed power plant looks like the future. A virtual power plant (VPP) consists of distributed energy storage systems, like Tesla Powerwalls, used… Continue reading Tesla’s virtual power plant had its first event helping the grid – looks like the future
Vietnam orders Google, Facebook and other tech firms to store users’ data locallyAuthorities will have the right to issue data collection requests.
Vietnam‘s government has ordered technology firms to store their users’ data locally and set up local offices, its latest move to tighten cybersecurity rules. The new rules, issued in a decree on Wednesday, will apply to social media companies like Alphabet Inc.’s Google and Meta’s Facebook, and telecommunications operators, and will take effect on October… Continue reading Vietnam orders Google, Facebook and other tech firms to store users’ data locallyAuthorities will have the right to issue data collection requests.
China regulator probes banks’ property loan portfolio to assess systemic risks
China‘s banking regulator is scrutinising property sector loan portfolios of some local and foreign lenders to assess systemic risks, sources with knowledge of the matter said, as the real estate sector’s debt crisis worsens. As part of their assessment, the China Banking and Insurance Regulatory Commission (CBIRC) is looking at banks’ loan book exposure to developers to find out if those credit decisions were made according to the rules,… Continue reading China regulator probes banks’ property loan portfolio to assess systemic risks
Australia’s NRW Holdings says smaller peer MACA rebuffed $260m buyout offer
Australian mining services provider NRW Holdings Ltd on Thursday said smaller peer MACA Ltd rebuffed its takeover offer as it plans to proceed with a proposal from rival contractor Thiess. Last week, NRW Holdings made a cash-and-stock offer of A$1.085 per share, a premium of 8.5% to MACA‘s last close on Aug 17, valuing it at A$375 million ($259.46 million). However, MACA does not consider that offer to be superior to Thiess’… Continue reading Australia’s NRW Holdings says smaller peer MACA rebuffed $260m buyout offer
Quona Capital secures capital commitments worth $308m so far for its third fund
Emerging markets-focused venture capital firm Quona Capital has secured capital commitments worth $308 million so far for its third fund, according to the firm’s latest filings with the US Securities and Exchange Commission. The fundraising only reflects the amount raised from US investors. Go to Source
China Digest: Greentech firms Qiyuan, Jayson each raise $147m amid carbon-neutral fad
Green energy solutions provider Qiyuan Green Power and battery material supplier Jayson New Energy Technology have each raised 1 billion yuan ($147 million) to fuel their market expansion. China’s SPIC-backed green energy firm Qiyuan raises $147m Series A Qiyuan Green Power, a green energy solutions provider affiliated with China’s state-owned electricity supplier State Power Investment… Continue reading China Digest: Greentech firms Qiyuan, Jayson each raise $147m amid carbon-neutral fad
Tesla doesn’t need to hit the panic button over China heat wave disruptions just yet
Some parts of China are suffering from record high temperatures in the past few weeks, prompting local governments to halt industrial power use, including those of battery plants. When news reaches the West, it generates fear-mongering headlines like “China heat wave shuts Tesla suppliers” which have likely rattled investors (because Tesla is all we care… Continue reading Tesla doesn’t need to hit the panic button over China heat wave disruptions just yet
Dodge unveils Charger EV concept that is faster and louder than a Hellcat
Dodge revealed Wednesday an EV concept that looks — and even sounds — like the gas-powered Charger muscle car that will be discontinued next year. The two-door Dodge Charger Daytona SRT Concept — the Daytona name a nod to its gas-powered ancestor’s 200 mph NASCAR track milestone — is not just a design exercise, according… Continue reading Dodge unveils Charger EV concept that is faster and louder than a Hellcat
Netflix with ads might not come with offline viewing
Netflix’s upcoming ad-supported tier might not be the best streaming option for commuters and other viewers who frequently watch on the go. Developer Steve Moser has discovered text within the code of the service’s iPhone app that says “Downloads available on all plans except Netflix with ads.” If viewers can’t download content to their devices… Continue reading Netflix with ads might not come with offline viewing