Nearly a year after Tesla started testing its controversial “Full Self-Driving” (FSD) beta software with a select group of customers, the company’s CEO Elon Musk said he is aiming for a wider release by the end of September. The news comes as an older version of the software leaked online. Musk said on Twitter that… Continue reading Tesla is planning for a wider release of its controversial ‘Full Self-Driving’ software
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Bangladesh’s B2B commerce startup ShopUp announces $75m round led by Valar Ventures
Bangladesh-based business-to-business (B2B) commerce startup ShopUp on Tuesday announced it has raised $75 million in a Series B round led by Valar Ventures. DealStreetAsia had first reported the details of the funding round, including the lead investor and other backers, last week. ShopUp, which is focused on digitalising mom-and-pop shops in the country, raised funds… Continue reading Bangladesh’s B2B commerce startup ShopUp announces $75m round led by Valar Ventures
How Slack changed Apple’s employee culture, with Zoë Schiffer
Apple has had a lot going on lately: we did a whole episode about the controversial child protection photo-scanning features, which have now been delayed. A law in South Korea might force the company to change how App Store payments work; the company settled a Japanese case about the App Store recently, as well as… Continue reading How Slack changed Apple’s employee culture, with Zoë Schiffer
Tesla Gigafactory Texas attracts suppliers as production nears
A new report shows that several known Tesla suppliers are showing in Texas as the automaker is about to start production at its Gigafactory in Austin. Tesla Gigafactory Texas is an important project for the automaker. It is the first vehicle factory that Tesla is building from the ground up in the US. The automaker… Continue reading Tesla Gigafactory Texas attracts suppliers as production nears
Asia Digest: Loan platform Jeff App, Pakistan’s Truck It In bag funds in extension rounds …
Loan brokerage platform Jeff App has raised $1.5 million and plans to expand its business outside of Vietnam. Meanwhile, Pakistan-based Truck It In has completed its pre-seed round at $4.5 million. Fintech startup Jeff App nets $1.5m for SE Asia expansion Jeff App, a Latvian loan brokerage platform that has operations in Vietnam, has bagged… Continue reading Asia Digest: Loan platform Jeff App, Pakistan’s Truck It In bag funds in extension rounds …
BP Ventures invests $11.9M in in-car payments provider Ryd to support expansion
BP Ventures, the investing arm of oil and gas giant BP, has announced a €10 million (~$11.9 million) investment in Ryd, a German in-car digital payments provider. The fresh funds will help Ryd expand its service into international markets and build out its offering, according to a statement. Ryd’s service allows users to lump together… Continue reading BP Ventures invests $11.9M in in-car payments provider Ryd to support expansion
Didi’s ride-hailing rival Cao Cao Mobility raises $600m to fund expansion
Geely’s Cao Cao Mobility said on Monday that it had raised 3.8 billion yuan ($589 million) to fund expansion, amid competition to grab market share from China’s embattled ride-hailing leader Didi Global Inc. Cao Cao‘s funding round comes as New York-listed Didi faces a cybersecurity investigation by Chinese authorities. Along with other ride-hailing companies, including Meituan’s, Cao Cao is offering promotions to… Continue reading Didi’s ride-hailing rival Cao Cao Mobility raises $600m to fund expansion
Mercedes-Benz throws down the EV gauntlet at IAA Mobility
Mercedes-Benz introduced a slew of electric vehicles ahead of the IAA Mobility show in Germany, including its first AMG-branded high-performance EV, a sedan and a G-Class SUV concept — all part of the company’s bid to become an electric-only automaker by the end of the decade. Mercedes has already started producing the all-electric EQS, a… Continue reading Mercedes-Benz throws down the EV gauntlet at IAA Mobility
Volkswagen and Argo AI reveal first ID Buzz test vehicle for autonomous driving
Volkswagen Commercial Vehicles, a standalone VW brand responsible for the development and sales of light commercial vehicles, and Argo AI, an autonomous driving technology company, unveiled the first version of the ID Buzz AD (Autonomous Driving) on Sunday. The two companies shared plans to test and commercially scale the jointly developed, fully-electric self-driving van over… Continue reading Volkswagen and Argo AI reveal first ID Buzz test vehicle for autonomous driving
Mercedes’ latest EVs include a G-Class concept and the EQE sedan
Mercedes’ growing electric car plans include a rethink of one of its most iconic vehicles. The brand has kicked off Germany’s IAA show by introducing a slew of new concept and production EVs, highlighted by the Concept EQG (above). As you might guess, this is a electric take on the G-Class SUV, mating an “uncompromising”… Continue reading Mercedes’ latest EVs include a G-Class concept and the EQE sedan