Global private equity major KKR & Co has so far raised $4.1 billion for its second Asia Pacific infrastructure fund, the largest in the region for infrastructure-related investments. Asia Pacific Infrastructure Investors II has already surpassed KKR’s first infrastructure fund, which closed at $3.8 billion in January 2021, the firm said during its recent Q2… Continue reading KKR raises $4.1b so far for largest Asia Pacific infrastructure fund
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Lyft assured no layoffs were coming — now employees are scrambling for their next gig
The day before Lyft shut down its in-house rental service and laid off close to 60 employees, the team in charge of the program was consumed by what they thought was a much bigger problem. Throughout June, the rentals team had attempted to get the service up and running in New York without success. The… Continue reading Lyft assured no layoffs were coming — now employees are scrambling for their next gig
This startup just raised $320M to make long-term care inside hospitals obsolete
Cera, a U.K. provider of healthcare inside people’s homes augmented by a platform that allows carers to monitor a patient’s health and potentially flag problems, has raised $320 million (£260 million) in an equity and debt financing round, split roughly 50/50. The equity side of the funding round was led by Cera’s existing investor Kairos… Continue reading This startup just raised $320M to make long-term care inside hospitals obsolete
Lucid Motors slashes EV production targets again as supply chain problems persist
EV automaker Lucid Motors slashed its annual production guidance in half on Wednesday due to what CEO and CTO Peter Rawlinson described as “extraordinary supply chain and logistics challenges.” Shares of Lucid fell more than 12% in after-market trading following the release of its second-quarter earnings, in which it provided the production guidance. Lucid lowered… Continue reading Lucid Motors slashes EV production targets again as supply chain problems persist
Daily Crunch: Unknown hacker drains millions of dollars from thousands of Solana hot wallets
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. Christine is back from a week of making the world a better place, and now she’s here to help make this a better newsletter as well. Huzzah! — Christine and Haje The… Continue reading Daily Crunch: Unknown hacker drains millions of dollars from thousands of Solana hot wallets
The 5 best bike desks of 2022
Features Weight capacity: 300 lbs Dimensions: 28 x 16 x 45 inches Item weight: 45 lbs Height range: 4’10” to 6’6″ Number of resistance levels: 8 Costs around $300 This bike desk not only has a massage bar built-in for your arms, but also comes with resistance bands under the seat so that you can… Continue reading The 5 best bike desks of 2022
Toyota’s bZ4X recall isn’t going great – company offers car buyback
Toyota has sent a letter to bZ4X owners, offering a choice between a loaner and incentive package or full repurchase of vehicles, as the company continues to struggle with (literally) keeping the wheels on their first electric car effort. Notably, the car’s electric drive systems are not affected by the recall – the battery and… Continue reading Toyota’s bZ4X recall isn’t going great – company offers car buyback
GM to expand its Super Cruise network, adding hundreds of thousands of miles of ‘hands-free’ roads
General Motors (GM) has announced a massive expansion to its Super Cruise hands-free driver assistance network. The expansion will double the size of the current Super Cruise network to over 400,000 miles of compatible roadways and will soon be available to over 20 GM models. Super Cruise is a hands-free driver assistance feature introduced by… Continue reading GM to expand its Super Cruise network, adding hundreds of thousands of miles of ‘hands-free’ roads
Audi EV models featured in hit Netflix film, plans to ramp US EV output
The new Netflix hit, “The Gray Man,” features several new Audi EV models, but Audi is not stopping there. The German automaker is rolling out extensive plans to expand its US EV market position. If you watched Netflix’s latest hit thriller, “The Gray Man,” you may have noticed the head-turning Audi lead actor Ryan Gosling… Continue reading Audi EV models featured in hit Netflix film, plans to ramp US EV output
Tesla applies to patent more precise GPS antenna for self-driving and navigation
Tesla has applied to patent a new multi-band GPS antenna that it believes will be more precise for self-driving and navigation applications. The automaker describes the new device in the abstract of the new patent application: A multi-band antenna system is provided. The antenna system can be placed under and embedded within a glass exterior… Continue reading Tesla applies to patent more precise GPS antenna for self-driving and navigation