One of the world’s largest airlines has placed a big bet on supersonic jet startup Boom. On Tuesday, American Airlines announced that it had recently agreed to buy 20 Overture aircraft from Boom, with the option to purchase an additional 40 planes if all goes well. The deal is one of the strongest shows of… Continue reading American Airlines is purchasing 20 of Boom’s supersonic Overture jets
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S Korea’s QuotaBook raises $11m Series A2 led by ElefundWith this latest round, QuotaBook has raised a total of $20 million so far.
South Korea-based QuotaBook, an early-stage startup that builds equity and fund management platform solutions for startups and investors, has raised $11 million in its Series A2 round led by Elefund, according to an announcement. Existing investors such as Draper Associates, along with new investors Access Ventures, Hana Securities, and Toss also participated in this funding… Continue reading S Korea’s QuotaBook raises $11m Series A2 led by ElefundWith this latest round, QuotaBook has raised a total of $20 million so far.
Private credit still under-allocated in Asia, says Navis Capital’s Justin Ferrier
Southeast Asian private equity firm Navis Capital Partners, which has recently launched its Asia private credit platform, sees this as the right time to tap opportunities in this asset class. Justin Ferrier, who has joined the firm to spearhead the private credit business, bets on the ample growth of the credit market in Asia, especially… Continue reading Private credit still under-allocated in Asia, says Navis Capital’s Justin Ferrier
China Deal Review: At 236 PE-VC transactions, dealmaking volume dips a tad in July
Dealmaking in Greater China slackened in July but still managed to remain at elevated levels as startups sealed 236 venture investments worth a combined $4.2 billion. The deal value in July decreased by 10% from June, while the deal count declined slightly by 3.7% from the previous month, according to proprietary data compiled by DealStreetAsia.… Continue reading China Deal Review: At 236 PE-VC transactions, dealmaking volume dips a tad in July
APAC fund managers caught between two different ESG worldviews, says ERM’s Trista Chen
Trista Chen, Partner, ESG Advisory, ERM. Asia-Pacific (APAC) fund managers often find themselves caught between two fundamentally different worldviews towards Environmental Social and Governance (ESG), even though interest in the topic has grown tremendously in recent times, said a senior executive at global ESG consultancy firm Environmental Resources Management (ERM). This tends to compound the… Continue reading APAC fund managers caught between two different ESG worldviews, says ERM’s Trista Chen
SG digital advertising network TotallyAwesome raises $10m seed round
Singapore-headquartered TotallyAwesome, a digital advertising network for kids, teens, and families, has raised $10 million (debt and equity combined) seed funding from San Francisco-based Partners For Growth and boutique investment growth advisory firm Yefira Group, according to an announcement. TotallyAwesome enables a youth-safe digital ecosystem by curating media inventory for brands to engage with more… Continue reading SG digital advertising network TotallyAwesome raises $10m seed round
Biden admin says about 20 models will still qualify for EV tax credits
The Inflation Reduction Act, which President Joe Biden signed into law Tuesday, says that if automakers want their electric vehicles to be eligible for tax credits, they’ll need to have final assembly in North America. The law, which takes effect immediately, ends credits for about 70% of the 72 models that were previously eligible, according… Continue reading Biden admin says about 20 models will still qualify for EV tax credits
American Airlines to buy 20 jets from Boom Supersonic
American Airlines will buy up to 20 jets from Boom Supersonic, an aircraft maker that aims to commercialize supersonic, and super-fast, flight. Boom’s Overture four-engine jets promise speeds of up to Mach 1.7 over water, which is twice the speed of today’s fastest commercial aircraft — meaning the jet can fly from Miami to London… Continue reading American Airlines to buy 20 jets from Boom Supersonic
Daily Crunch: 7 months after emerging from stealth, YC alum Arc secures $20M Series A
To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Hello! Did you know that TechCrunch Live is on a shiny new platform? We’ve even made it easier to enter our two-minute Pitch Practice segment. You can now apply any day, any… Continue reading Daily Crunch: 7 months after emerging from stealth, YC alum Arc secures $20M Series A
SAIC Mobility Robotaxi valued at $1B after $148M Series B
SAIC Mobility Robotaxi, an arm of state-owned Chinese automaker SAIC that aims to launch a commercial robotaxi service, raised $148 million (RMB 1 billion). The funds will be used to scale its robotaxi service in China, which it will operate in partnership with autonomous vehicle company Momenta. SAIC Group led the Series B round that… Continue reading SAIC Mobility Robotaxi valued at $1B after $148M Series B