EV startup Lightyear debuted its first solar-powered vehicle this week, a sleek sedan called the Lightyear 0. The company gave us a peek at a production prototype of Lightyear 0 in 2019, and at first glance, not much has changed. The car is essentially an unconventional hybrid equipped with both a conventional 60-kilowatt-hour EV battery… Continue reading Lightyear’s very pricey solar-powered car will go into production in late 2022
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Meta’s Horizon Home social space will arrive on Quest 2 headsets next week
Starting next week, Meta will add a more social-oriented home space to Quest 2. Horizon Home, which the company announced at Oculus Connect last year, will appear when users slip on the virtual reality headset. They can invite friends to come over and hang out, watch videos and play games together. It’s part of Meta’s… Continue reading Meta’s Horizon Home social space will arrive on Quest 2 headsets next week
US SPAC to move ahead with listing of Okada Manila casino despite dispute …
The chief executive of the Nasdaq-listed blank-check company that hopes to merge with Philippine casino Okada Manila says it will move ahead with the plan despite a deepening management dispute over the resort. Okada Manila is planning to list in the US by merging with 26 Capital Acquisition, a special purpose acquisition company (SPAC), in… Continue reading US SPAC to move ahead with listing of Okada Manila casino despite dispute …
Indian EV firm Magenta to raise up to $30m soon, eyes profits in a year
Home-grown electric vehicle charging and mobility solutions company Magenta is looking to raise $20-30 million in a Series B funding round in a couple of weeks, co-founder Darryl Dias told DealStreetAsia in an interview. The upcoming round will be led by international investors and see participation from existing ones. Seed-funded by HPCL in 2018 and… Continue reading Indian EV firm Magenta to raise up to $30m soon, eyes profits in a year
SE Asia Deal Review: Startup fundraising falls to five-month low of $1.42b in May
Dealmaking in Southeast Asia dropped by almost 30% month-on-month in May to $1.42 billion — the lowest so far in 2022 — due to a scarcity of megadeals, proprietary data compiled by DealStreetAsia show. There were only 82 venture capital and private equity deals last month, which was also the lowest deal volume in January-May… Continue reading SE Asia Deal Review: Startup fundraising falls to five-month low of $1.42b in May
QuantumScape loses manufacturing chief over management style mismatch
Celina Mikolajczak, who has held senior roles at Tesla and Panasonic, resigned from QuantumScape less than a year after taking the chief manufacturing officer position at the solid-state battery company, according to a regulatory filing. Mikolajczak and QuantumScape are parting ways over “differing management styles between the parties,” the filing with the U.S. Securities and… Continue reading QuantumScape loses manufacturing chief over management style mismatch
Tesla (TSLA) announces 3-for-1 stock split
Tesla (TSLA) announced today that it is going to put a three-for-one stock split to a shareholder vote at its upcoming annual meeting. The company announced its intentions to do another stock split back in March, but it didn’t reveal the details. Today, as part of the release of its prospectus for its 2022 annual… Continue reading Tesla (TSLA) announces 3-for-1 stock split
Tesla Model Y with new 4680 cells shows impressive potential for faster charging
Early experiences with the new Tesla Model Y with 4680 cells and a structural battery pack are showing some impressive potential for faster charging and better energy density. When Tesla delivered its first made-in-Texas Model Y vehicles, we noted that it was strange that Tesla didn’t reveal any details – like specs and pricing –… Continue reading Tesla Model Y with new 4680 cells shows impressive potential for faster charging
Tesla files for a three-way stock split to make its shares more affordable
Tesla is asking its shareholders to approve a three-way stock split to help make the company’s shares cheaper for buyers. The request is included in a list of provisions Tesla is planning to bring up at its August 4, 2022 shareholder meeting, which it filed Friday with the US Securities and Exchange Commission. Tesla is… Continue reading Tesla files for a three-way stock split to make its shares more affordable
Best Retro Game Consoles in 2022
Tapping into nostalgia for gamers of all eras is possible with the influx of retro game consoles. If your formative years were in the late ‘80s to late ‘90s, the mere mention of “Friday nights” inspires unmatched levels of nostalgia. ABC’s TGIF lineup was pretty solid, Pizza Hut’s Bigfoot pie could feed a family for… Continue reading Best Retro Game Consoles in 2022