Indonesian tech-enabled logistics services provider Shipper has received fresh commitments worth around $65 million in an ongoing fundraising round, as it attempts to raise a total of $100 million to fuel expansion, DealStreetAsia has learnt. The latest commitments have largely come from existing investors Sequoia Capital India, DST Global, Prosus Ventures, Lightspeed, Insignia Ventures, and… Continue reading Shipper receives commitments for $65m, said to be in market to raise $100m
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French fund-of-funds Eurazeo said to be raising $2.68b across 2 vehicles
French fund-of-funds (FoF) Eurazeo is in the process of raising a total corpus of 2.5 billion euros ($2.68 billion) across two major funds as it looks to ramp up its investment in the Asia Pacific region, besides its home turf Europe. Of the total corpus, Eurazeo plans to allocate as much as 2 billion euros ($2.1… Continue reading French fund-of-funds Eurazeo said to be raising $2.68b across 2 vehicles
Bitcoin loses a third of its value in just two months
The crypto winter is into its ninth week and bitcoin can’t shake the chills. From technicals to turnover, market indicators are flashing red or amber for the biggest cryptocurrency, which has lost a third of its value in just two months. So what now? Bitcoin‘s limited history isn’t much of a guide on crypto winters, which we’re defining as prolonged… Continue reading Bitcoin loses a third of its value in just two months
Pony.ai loses permit to test autonomous vehicles with driver in California
The California Department of Motor Vehicles revoked Pony.ai’s permit to test its autonomous vehicle technology with a driver on Tuesday for failing to monitor the driving records of the safety drivers on its testing permit. “While reviewing Pony.ai’s application to renew the testing permit, the DMV found numerous violations on the driving records of active… Continue reading Pony.ai loses permit to test autonomous vehicles with driver in California
Stellantis to build new battery plant in Indiana
Stellantis and Samsung SDI said on Tuesday they will team up to build a $2.5 billion lithium-ion battery plant in Indiana. The project, which will create 1,400 new jobs and could surpass the $3 billion mark once it’s complete, is Stellantis’ first battery plant in the U.S. and its fifth worldwide. The latest factory is slated… Continue reading Stellantis to build new battery plant in Indiana
Judge rules that Tesla sexual harassment suit can proceed in court
A California county court judge ruled Monday that a sexual harassment suit against Tesla can proceed in court, rejecting the automaker’s request for closed-door arbitration, according to Bloomberg. That means that Tesla must defend itself in open court against claims that female employees face “rampant sexual harassment” at its Fremont, California, factory. Alameda County Superior… Continue reading Judge rules that Tesla sexual harassment suit can proceed in court
Chrysler’s first EV draws inspiration from the Pacifica minivan
Chrysler’s new EV will create a new category, drawing upon lessons learned from designing the brand’s minivan, according to chief design officer Ralph Gilles. “Chrysler was one of those brands that was honestly on the OR table, and we decided to reinvest in it big time,” Gilles said at the TechCrunch Sessions: Mobility conference last… Continue reading Chrysler’s first EV draws inspiration from the Pacifica minivan
Uber hits 1 billion rides in Africa
Uber today announced a significant milestone — it has completed 1 billion rides across all its markets in Africa. This feat translates to over 10 billion kilometres in terms of distance covered, according to the company. This milestone for Uber is coming nearly a decade after the mobility tech company set up shop on… Continue reading Uber hits 1 billion rides in Africa
NASA invests in a new solar sail concept that could propel a mission to the Sun
on May 24, 2022 | Topic: Space Diffractive solar sails, depicted in this conceptual illustration, could enable missions to hard-to-reach places, like orbits over the Sun’s poles. MacKenzi Martin NASA on Tuesday said it’s investing $2 million over two years to advance the development of a new solar sail concept called diffractive lightsailing. With diffractive… Continue reading NASA invests in a new solar sail concept that could propel a mission to the Sun
HyperX Memorial Day sale on Amazon: Best gaming deals
With summer only days away, Memorial Day sales are currently underway. HyperX jumped into the Memorial Day Weekend deals foray, and it’s offering up to $50 off some of its gaming accessories and equipment. So, if you have been eyeing a mouse or a headset, you can pick one up and save cash (so you… Continue reading HyperX Memorial Day sale on Amazon: Best gaming deals