Pakistan-based last-mile delivery provider Rider has bagged $2.3 million in a seed funding round; while South Korean travel platform Yanolja will acquire 70% stake in the country’s e-commerce pioneer, Interpark, for about $250 million. Pakistan’s Rider bags $2.3m seed funding Pakistan’s last-mile delivery provider Rider has bagged $2.3 million in a seed funding round led… Continue reading Asia Digest: Pakistan’s Rider bags $2.3m; S Korea’s Yanolja buys Interpark
Category: Tech News
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Nikola holds on to its lawsuit against Tesla because that’s all it’s got
Nikola managed to barely hold on to its $2 billion lawsuit against Tesla over the design of its electric truck. The company’s stock went up 5% on the news as Nikola’s prospects are more and more limited following several controversies. As we previously reported, Nikola alleged that Tesla’s electric truck design infringes on its existing… Continue reading Nikola holds on to its lawsuit against Tesla because that’s all it’s got
Xpeng-backed urban air mobility company, HT Aero, raises $500M
HT Aero, an urban air mobility (UAM) company that’s an affiliate of Chinese electric vehicle manufacturer Xpeng, has announced a $500 million Series A raise. The company will use the funds to acquire top-tier talent, advance R&D and “continue to gain airworthiness provision and certification” as it advances towards the next generation of its vehicles,… Continue reading Xpeng-backed urban air mobility company, HT Aero, raises $500M
XPeng’s Xiaopeng Heitech secures over $500m in Series A co-led by IDG …
Xiaopeng Heitech, a subsidiary of China’s leading electric vehicle (EV) manufacturer XPeng Motor, has raked in over $500 million in its Series A round. The parent company XPeng alongside IDG Capital and 5Y Capital has co-led the fresh round, while other investors include Sequoia Capital China, GGV Capital, Eastern Bell Capital, Hillhouse Capital’s GL Ventures… Continue reading XPeng’s Xiaopeng Heitech secures over $500m in Series A co-led by IDG …
Amazon’s Zoox is expanding autonomous vehicle operations, testing to Seattle
Zoox, the autonomous vehicle startup acquired last year by Amazon, is expanding to Seattle. The company plans to open in 2022 an engineering office and operations facility, which will act as a base for its autonomous vehicle testing, Zoox, which today employs more than 1,300 people, tests its autonomous vehicles in San Francisco, Las Vegas… Continue reading Amazon’s Zoox is expanding autonomous vehicle operations, testing to Seattle
Asia Digest: SG’s Fat Projects Acquisition raises $100m; K Car mops up $285m in IPO
SG-based SPAC firm Fat Projects Acquisition Corp has announced the closing of its $100-million IPO while K Car, a South Korean automotive marketplace fully owned by private equity firm Hahn & Company, has raised $285 million in its IPO. SG’s Fat Projects Acquisition raises $100m IPO Singapore-headquartered investment and venture studio Fat Projects Acquisition Corp… Continue reading Asia Digest: SG’s Fat Projects Acquisition raises $100m; K Car mops up $285m in IPO
Tesla Just Scrubbed the Cybertruck Prices, Specs from Its Website
This comes after its release was delayed to next year. Bad Luck Cybertruck The Cybertruck is starting to feel like it’s been cursed from the start. From its less-than-auspicious debut to its recent delay to late 2022, the vehicle is starting to seem more like a pipedream than a reality. Now, Tesla has even gone… Continue reading Tesla Just Scrubbed the Cybertruck Prices, Specs from Its Website
Volkswagen Group BEV delivery numbers still a year behind Tesla, but gaining fast at 138% YOY
Following the release of its Q3 delivery numbers, Volkswagen Group continues to grow its presence in the BEV market, up 109% compared to Q3 last year. Nine months into 2021, Volkswagen has more than doubled its worldwide deliveries, nipping at the heels of Tesla – the current undisputed EV market leader. Tesla continues to grow… Continue reading Volkswagen Group BEV delivery numbers still a year behind Tesla, but gaining fast at 138% YOY
Tesla opens Model Y orders in the UK, deliveries expected in early 2022
Tesla today opened Model Y orders in the United Kingdom, a right-hand-drive market, with deliveries expected to start in early 2022. Originally, the Model Y was only supposed to launch in Europe after Tesla started production at Gigafactory Berlin. However, Tesla changed its plan and started importing Model Y vehicles from Gigafactory Shanghai to some… Continue reading Tesla opens Model Y orders in the UK, deliveries expected in early 2022
Tesla rolls out Safety Score-based insurance product in Texas
Tesla is now selling insurance to customers in Texas, two years after first launching the offering in its now-former home state of California. But the version in Texas is different. The company says it will evaluate driving behavior in real-time using the “Safety Score” feature that it recently launched to screen drivers who want to… Continue reading Tesla rolls out Safety Score-based insurance product in Texas