The new electric F-150 Lightning is a big deal for Ford and, really, for the car industry at large. The F-150 has been the bestselling vehicle in America for over 40 years now, which means an EV F-150 is a big step toward electrifying cars, period. But it’s mainly a big step for Ford, which… Continue reading Ford F-150 Lightning review: fast truck, slow computer
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DMI Sparkle leads $4.5m funding in Abhi Loans and India deals worth $165m
KNAB Finance Advisors Private Limited, a regulated NBFC registered with RBI, has raised $4.5 million in debt and equity for its digital lending platform, Abhi Loans, it announced on Tuesday. DMI Sparkle Fund led the funding round along with other prominent angel investors such as Niten Malhan, Ashvin Chadha, SK Jain and others, the company… Continue reading DMI Sparkle leads $4.5m funding in Abhi Loans and India deals worth $165m
Fidelity, BlackRock trim Ant’s valuation further, says Bloomberg report
Ant Group’s valuation has been trimmed by global investors including BlackRock Inc and Fidelity Investments, which bought private shares ahead of the Chinese fintech giant’s scuppered initial public offering, Bloomberg reported on Tuesday. Fidelity Investments cut its estimate for Ant to $70 billion at the end of May, down from $78 billion in June last… Continue reading Fidelity, BlackRock trim Ant’s valuation further, says Bloomberg report
Japan’s JERA to buy 35% stake in Vietnam’s renewable energy firm for $112m
Japan’s biggest power generator JERA said on Tuesday it will spend about 15 billion yen ($112 million) to buy a 35.1% stake in Vietnamese renewable energy company Gia Lai Electricity JSC (GEC) to expand its overseas business. The acquisition of an affiliate of Vietnamese conglomerate TTC Corp comes as the Japanese utility steps up its decarbonisation efforts to help tackle global climate change. The deal is aimed… Continue reading Japan’s JERA to buy 35% stake in Vietnam’s renewable energy firm for $112m
Lyft and Motional’s all-electric robotaxi service is now live in Las Vegas
A new robotaxi service has officially launched for public use in Las Vegas. It’s being run by Lyft and an autonomous vehicle company called Motional and is a prelude to a fully driverless service that is set to launch in the city in 2023. Motional, which is a joint venture between Hyundai and Aptiv, has… Continue reading Lyft and Motional’s all-electric robotaxi service is now live in Las Vegas
Elon Musk drops details about Tesla’s humanoid robot
Tesla Tesla is set to unveil a new humanoid robot, called Optimus, in late September. There’s been a lot of speculation surrounding Tesla’s strategy in entering the robotics market, and a recent post by boss Elon Musk sheds some new light. In the post, published in the China’s Cyberspace Administration’s official publication, Musk continued to… Continue reading Elon Musk drops details about Tesla’s humanoid robot
Tesla (TSLA) expands its Virtual Power Plant to Southern California
Tesla has expanded its Virtual Power Plant In California to the southern parts of the state through a new partnership with Southern California Edison (SCE). Now Tesla Powerwall owners in Los Angeles and the surrounding areas can get paid to help the grid. A virtual power plant (VPP) consists of distributed energy storage systems, like Tesla… Continue reading Tesla (TSLA) expands its Virtual Power Plant to Southern California
Polestar’s O2 concept will become the Polestar 6 electric roadster, due out 2026
Polestar announced that its O2 electric roadster concept has graduated to a production model as the Polestar 6, with assembly expected to kick off in 2026. The O2, which was first unveiled earlier this year, was originally designed to showcase the automaker’s bonded aluminum platform, which Polestar produces in-house, as well as some quirkier features… Continue reading Polestar’s O2 concept will become the Polestar 6 electric roadster, due out 2026
Digit Insurance files for IPO, joins loss-making Indian startups looking to go publicDigit Insurance is backed by Fairfax, Sequoia Capital, A91 Partne…
India’s Digit Insurance, backed by the Canadian billionaire Prem Watsa’s Fairfax Group, has filed the draft red herring prospectus (DRHP) for its initial public offer (IPO) with the market regulator Securities and Exchanges Board of India (Sebi), on Tuesday. According to media reports, the size of the IPO is likely to be around $440 million.… Continue reading Digit Insurance files for IPO, joins loss-making Indian startups looking to go publicDigit Insurance is backed by Fairfax, Sequoia Capital, A91 Partne…
Crypto currency firm Hodlnaut seeks to restructure under judicial management
Hodlnaut, a Singapore-based crypto currency lender and borrower, said on Tuesday it filed an application to be placed under judicial management as it looks to restructure its business. The crypto company, which last week suspended withdrawals, swaps and deposits, said it filed the petition with the Singapore High Court. Hodlnaut is the latest to feel the heat of a sharp selloff in crypto assets that started in May with the… Continue reading Crypto currency firm Hodlnaut seeks to restructure under judicial management