Vahan, a Bangalore, India-based jobs & livelihood platform for blue-collar workers, raised USD 8m in series A funding. Madhav Krishna, Co-founder and CEO, Vahan The round was led by Khosla Ventures with participation from Airtel, SHAKTI VC (led by former Google exec Keval Desai with Eric Schmidt and Michael Dell as LPs), Pioneer Fund (Y… Continue reading Vahan Raises $8M in Series A Funding
Category: Tech News
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Chinese EV maker Xpeng says it may consider acquisitions to expand capacity …
Chinese electric vehicle maker Xpeng Inc would consider acquiring less successful rivals to expand production capacity in the future, company President Brian Gu told reporters during a conference call. Xpeng is building two new factories in China. At the same time, the Chinese government is signaling it wants to see consolidation in the Chinese electric vehicle sector to… Continue reading Chinese EV maker Xpeng says it may consider acquisitions to expand capacity …
Canvas Raises $50M in Series C; Valued At $400M
Canvas, a San Francisco, CA-based diversity recruitment platform, raised $50m in Series C funding, bringing its valuation to $400m. The round was led by Owl Ventures, with participation from Sequoia, Lachy Groom, Zoom Apps Fund, HighSage Ventures, BAM Elevate and Fifth Down Capital. The company intends to use the funds to: expand its product into other… Continue reading Canvas Raises $50M in Series C; Valued At $400M
Rivian starts building R1T electric trucks for customers
At the start of the month, Rivian achieved a major milestone. The Environmental Protection Agency published official range estimates for the company’s R1T pickup truck and R1S SUV, putting both vehicles one step closer to an official launch. Rivian has now hit another important milestone. After months of building pre-production vehicles, this morning our first… Continue reading Rivian starts building R1T electric trucks for customers
JB Straubel’s Redwood Materials is expanding into the battery materials business
Redwood Materials, the company started by former Tesla co-founder JB Straubel that aims to create a circular supply chain for batteries, is expanding its business. While it has been known primarily as a recycling firm, Redwood plans to simplify the supply chain by producing critical battery materials right here in the U.S. To get there,… Continue reading JB Straubel’s Redwood Materials is expanding into the battery materials business
Cash-strapped Evergrande warns of growing default risks as pressures mount
Cash-strapped property group China Evergrande Group said on Tuesday it has engaged advisers to examine its financial options and warned of default risks amid plunging property sales, sending its stock and bond prices sharply lower. The real estate giant has been scrambling to raise funds it needs to pay lenders and suppliers, with regulators and financial markets worried that any… Continue reading Cash-strapped Evergrande warns of growing default risks as pressures mount
Self-driving startup DeepRoute.ai nets over $300m Series B from Alibaba, others …
Self-driving technology developer DeepRoute.ai announced on Tuesday the completion of a Series B funding round at over $300 million, as the startup continues its commitment to advancing urban logistics and popularising robotaxis. The oversubscribed round was led by Chinese e-commerce giant Alibaba Group, with participation from Asia-based growth capital investor Jeneration Capital and a fund… Continue reading Self-driving startup DeepRoute.ai nets over $300m Series B from Alibaba, others …
Tesla tried to charge $22,500 for new battery pack when a $5,000 repair did the trick
Tesla has tried to charge a Model S owner $22,500 for a battery pack replacement out of warranty, but a third-party shop was able to fix the issue for a fraction of that cost. As a Tesla owner, one of the most common questions I get asked is, “How much does it cost if you… Continue reading Tesla tried to charge $22,500 for new battery pack when a $5,000 repair did the trick
The Station: Apple car shakeup, how Sept. 11 changed travel, and a pledge from airlines
The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hi readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. Twenty… Continue reading The Station: Apple car shakeup, how Sept. 11 changed travel, and a pledge from airlines
Tesla rolls out Full Self Driving 10 beta with more confident decision making
If Tesla’s last big Full Self Driving beta was about enabling more semi-autonomous features off the highway, its newest release is focused more on helping you trust those features. Electrek notes Tesla has started rolling out a Full Self Driving 10 beta that, from early reports, appears to make smarter and more confident decisions off… Continue reading Tesla rolls out Full Self Driving 10 beta with more confident decision making