Einride A freight technology company has received federal approval to operate an autonomous electric big rig on public roads. Einride received the allowances from the National Highway Traffic Safety Administration (NHTSA), marking the first time a purpose-built autonomous, electric truck without a driver on board has been approved to operate on public roads in the U.S. The… Continue reading Autonomous freight truck due to hit U.S. roads
Category: Tech News
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Tesla lets go of hundreds of Autopilot data labelers as it closes San Mateo office
Tesla has laid off about 200 people working at its San Mateo offices as it closes the location. Most of the employees were working as Autopilot data labelers – a critical project for Tesla to achieve self-driving capability. LinkedIn is flooding with posts from now former Tesla employees working at its San Mateo office after… Continue reading Tesla lets go of hundreds of Autopilot data labelers as it closes San Mateo office
India’s Arzooo raises $70m from SBI Investment Japan, Doordash founder Tony Xu, othersTony Xu, the founder of Doordash has also invested in the curren…
Bengaluru-headquartered Arzooo, a B2B retail tech platform for electronics, has raised $70 million in its Series B funding round from global and Indian investors including SBI Investment, Japan and Trifecta Leaders Fund, it announced on Wednesday. Tony Xu, the founder of Doordash has also invested in the current round, making Arzooo his first India investment. Existing… Continue reading India’s Arzooo raises $70m from SBI Investment Japan, Doordash founder Tony Xu, othersTony Xu, the founder of Doordash has also invested in the curren…
FAZZ Financial Group raises $60m in Series C funding so far from Tiger Global, Insignia and others
FAZZ Financial Group (FFG), the parent company of Indonesian fintech firm PAYFAZZ and Singapore-based payments infrastructure provider Xfers, has secured $60 million so far in an ongoing Series C funding round, according to regulatory filings. The company plans to issue up to 7.7 million Series C shares in two tranches to raise a minimum of… Continue reading FAZZ Financial Group raises $60m in Series C funding so far from Tiger Global, Insignia and others
SGX-listed Olam’s agriculture unit secures $745m loan from UAE banks
Singapore-based agribusiness major Olam Group has secured a 2.74-billion United Arab Emirates (UAE) dirham (approximately $745 million) loan for Olam Agri, its food, feed and fibre subsidiary. Olam Agri subsidiaries Olam Global Agri Pte Ltd and Olam Global Agri Treasury Pte Ltd are also co-borrowers of the financing facility raised from banks in the UAE,… Continue reading SGX-listed Olam’s agriculture unit secures $745m loan from UAE banks
GL Ventures backs Chinese industrial software firm Semi-Tech’s funding rounds
Chinese industrial software developer Semi-Tech has secured 540 million yuan ($80.6 million) across two funding rounds to expand its product offerings with the support of investors including Hillhouse’s GL Ventures. The Series A++ and Series B rounds also attracted the participation of the 100-billion-yuan ($15 billion) China Internet Investment Fund, Hong Kong-listed conglomerate BYD, and… Continue reading GL Ventures backs Chinese industrial software firm Semi-Tech’s funding rounds
Hyundai gives first look at Ioniq 6 EV as market share surges
Hyundai is offering an early look at its upcoming all-electric sedan, the Ioniq 6. It comes as Bloomberg reports that the company’s EV market share is quietly surging in Europe and the US, causing even Tesla’s Elon Musk to take notice. If last year’s all-electric Ioniq 5 crossover SUV took inspiration from 70s designs, then… Continue reading Hyundai gives first look at Ioniq 6 EV as market share surges
1Password now lets you securely share files and documents with just a link
1Password will now let you securely share files and documents with anyone using just a link. The password manager previously started supporting secure password sharing with links last year, and this feature is now being expanded to include documents and files that are stored in 1Password. Sharing a document or file is as easy as… Continue reading 1Password now lets you securely share files and documents with just a link
FCC Commissioner urges Google and Apple to ban TikTok
“TikTok is not just another video app. That’s the sheep’s clothing.” That’s what Brendan Carr wrote in his tweet along with a copy of the letter he sent Apple and Google, asking the companies to remove TikTok from their app stores. The agency’s senior Republican commissioner references a recent BuzzFeed News report that examined leaked… Continue reading FCC Commissioner urges Google and Apple to ban TikTok
Hillhouse, Tencent-backed snack maker Weilong relaunches $500m HK IPOWeilong may launch the IPO in the second half of 2022.
Weilong Delicious Global Holdings Ltd has renewed its draft prospectus as the Chinese spicy snack maker prepares to relaunch an initial public offering (IPO) to seize the opportunity of recovering investor appetite for new shares. Henan-based Weilong refiled a preliminary prospectus on Monday evening in its third attempt to launch an IPO in Hong Kong.… Continue reading Hillhouse, Tencent-backed snack maker Weilong relaunches $500m HK IPOWeilong may launch the IPO in the second half of 2022.