The market has cooled on SPACs, but Polestar has the network and know-how Jaclyn Trop 9 hours Polestar, the EV subbrand from Volvo and Geely that launched last week on the Nasdaq at a $20 billion valuation, didn’t earn its $PSNY ticker by taking the traditional route toward an IPO. With the ringing of the… Continue reading Can Polestar succeed where other EV maker SPACs have failed?
Category: Tech News
Category Added in a WPeMatico Campaign
Rivian says it’s on track to deliver 25,000 vehicles this year
Rivian said Wednesday the company produced 4,401 vehicles at its manufacturing facility in Normal, Illinois, and delivered 4,467 vehicles for the quarter ended June 30. “These figures remain in line with the company’s expectations, and it believes it is on track to deliver on the 25,000 annual production guidance previously provided,” Rivian said in a… Continue reading Rivian says it’s on track to deliver 25,000 vehicles this year
How to Raise First Dollars in a Difficult Market: The Venture Perspective
Raising venture capital is rarely an easy lift for startups, but 2022 is turning out to be a more challenging year than we’ve seen for some time. As venture capital continues its slowdown after an aggressive 2020 and record-breaking 2021, it’s clear that early-stage founders looking for their first dollars will require a new approach.… Continue reading How to Raise First Dollars in a Difficult Market: The Venture Perspective
Rivian is starting to shed its vaporware status by getting actual trucks to customers
Rivian’s promise to upend the auto industry with beautifully designed emissions-free, adventure-themed trucks and SUVs was almost dependent on the company’s ability to deliver actual vehicles to actual customers. And, in that respect, Rivian is getting slightly better. The company announced that it had produced 4,401 vehicles during the second quarter of 2022, a 72… Continue reading Rivian is starting to shed its vaporware status by getting actual trucks to customers
Tech Accessories That Are Worth the Upgrade
Sometimes, you don’t realize that you need a tech upgrade until someone points it out — like, why are you still using the one charger you got five years ago to charge all of your Apple products? From chargers to speakers, we’ve got you covered with must-have tech that is definitely worth the upgrade. 3-in-1… Continue reading Tech Accessories That Are Worth the Upgrade
Startup Shows Off Working AR Contact Lens You Can Actually Wear
“Seeing the future literally put me at a loss for words.” Smart Contact Mojo Vision, a California-based startup, has shown off a “feature-complete” prototype of its augmented reality smart contact lens — and this time you can actually wear it, in your eye, like a contact. In fact, CEO Drew Perkins says he’s already worn the… Continue reading Startup Shows Off Working AR Contact Lens You Can Actually Wear
Navis Capital Partners sells footwear component maker Texon for $237mNavis had paid between $75-125m for its interest in Texon.
Navis Capital Partners has agreed to sell its stake in Hong Kong-based apparel material provider Texon to UK-based thread manufacturer Coats Group for $237 million, per a statement by Navis’ financial advisor BDA Partners. Navis invested in Texon in 2016 for an undisclosed sum. DealStreetAsia had reported that the value could size between $75 million… Continue reading Navis Capital Partners sells footwear component maker Texon for $237mNavis had paid between $75-125m for its interest in Texon.
Axilor Ventures launches $100m second fund to tap early-stage bets in India
Axilor Ventures has launched its second fund – Axilor Technology Fund II (ATF-II) – targeting to raise $100 million as it continues to focus on seed funding opportunities in India. Axilor, which started as a technology incubator programme in 2014, moved to early-stage investing in 2018 with the launch of its Rs 200 crore first… Continue reading Axilor Ventures launches $100m second fund to tap early-stage bets in India
SG Digest: Sleek bags major payment institution licence; Vickers warns against scammer
Singapore-based Sleek has been granted a major payment institution (MPI) licence issued by MAS. Separately, a party impersonating Vickers Venture Partners has been advertising a new “Vickers Venture AI Trading platform”, the VC firm warned. Sleek obtains major payment institution licence Singapore-based corporate services company Sleek has been granted a major payment institution (MPI) licence… Continue reading SG Digest: Sleek bags major payment institution licence; Vickers warns against scammer
IFC proposes $5m investment in Indonesia’s Kitabisa to expand into insurance
The International Finance Corporation (IFC), which is part of the World Bank Group, has proposed an up to $5 million equity investment in the Indonesian crowdfunding platform Kitabisa to expand its offerings into insurance, it said in a disclosure. PT Kita Bisa Indonesia is a technology social enterprise that offers technology development and consultancy service… Continue reading IFC proposes $5m investment in Indonesia’s Kitabisa to expand into insurance