Athera Venture Partners has roped in HDFC AMC’s fund of funds as an LP for its Fund IV, while Warmup Ventures is launching its second fund. HDFC AMC invests in Athera’s Fund IV Tech-focused venture capital fund Athera Venture Partners, formerly known as Inventus India, on Wednesday said that HDFC’s fund of funds has invested… Continue reading India Digest: HDFC AMC backs Athera Venture Partners; Warmup Ventures launches Fund IIOver the next 18-24 months, Athera will invest in a dozen startu…
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Geely-backed NEV developer Chunqing hits $1.5b valuation after $135m dealThe new deal comes less than 11 months after Chunqing secured $100m.
China’s Chunqing Technology, a subsidiary of Geely-owned Farizon New Energy Commercial Vehicle Group, has claimed a post-money valuation of over $1.5 billion after raising $135 million in its latest funding round. Chunqing, which specialises in methanol hybrid new energy vehicle (NEV) technology, announced on Wednesday the completion of its Series Pre-A+ round with capital from… Continue reading Geely-backed NEV developer Chunqing hits $1.5b valuation after $135m dealThe new deal comes less than 11 months after Chunqing secured $100m.
California wins the first round against Trump as Tesla faces down a union coup
On today’s episode of Quick Charge, the Trump administration has lost its first battle against state’s rights in California while Tesla faces down (what it’s calling) a union coup in Germany. Meanwhile, SoCal Edison puts 280 Chevy Silverado EV pickups to work on California’s roads and Colorado is putting up a bunch of new DC… Continue reading California wins the first round against Trump as Tesla faces down a union coup
Trump Disgusted by Public’s Support for CEO Killer Suspect
“That’s a sickness, actually.” Not a Fan President-elect Donald Trump has finally spoken out about the murder of UnitedHealthcare CEO Brian Thompson. During a news conference this week — nearly two weeks after Thompson was gunned down in the streets of Manhattan — Trump suggested that there’s either something wrong with people valorizing Mangione —… Continue reading Trump Disgusted by Public’s Support for CEO Killer Suspect
Trump Planning to Cut Funding for EVs and Chargers
Ouch. Cord Cutters President-elect Donald Trump is hellbent on reversing any progress current president Joe Biden has made by extending the national electric vehicle charging network. According to a document obtained by Reuters, Trump’s transition team is recommending to cut off any federal funding for both EVs and chargers, while actively blocking any cars or… Continue reading Trump Planning to Cut Funding for EVs and Chargers
The Self-Driving Computer in Brand New Teslas Is Failing
This is extremely embarassing. New and Unimproved It seems that Tesla’s self-driving efforts have hit another snag, because the computers built into its cars that run its semi-autonomous driving software are failing, Electrek reports, adding to the Elon Musk-owned automaker’s track record of dodgy quality control. The issue has been apparent for several weeks but has… Continue reading The Self-Driving Computer in Brand New Teslas Is Failing
Boston Dynamics Lays Off Human Employees, Says It’s “Burning Through Cash”
“However, we are also burning through cash at a rate that exceeds our commercial progress to date…” Bot Profitable Boston Dynamics, the company behind the popular Spot robot dog, is in financial trouble. As the Boston Globe reported last week, the company laid off 45 employees, accounting for about five percent of its workforce. The… Continue reading Boston Dynamics Lays Off Human Employees, Says It’s “Burning Through Cash”
Honda and Nissan reportedly open merger talks
Honda and Nissan are reportedly set to discuss a merger. The Japanese publication Nikkei said the two automakers plan to sign a memorandum of understanding to sort out shared equity stakes in a new holding company for the consolidated rivals. The potential merger would combine the assets of Japan’s second- and third-biggest automakers, giving them… Continue reading Honda and Nissan reportedly open merger talks
Seagate teases its first HAMR-based hard drive
A new hard drive based on the long-promised heat-assisted magnetic recording (HAMR) technology is almost here. Tom’s Hardware reported that a new sales page popped up on the Seagate website announcing a new Exos M 30TM and 32TB hard disk drive (HDD) featuring 3TB per platter with three times the power efficiency per terabyte compared… Continue reading Seagate teases its first HAMR-based hard drive
‘Dungeons & Dragons: Dark Alliance’ servers will shut down in February
Wizards of the Coast is shutting down the online servers for Dungeons & Dragons: Dark Alliance early next year. According to the updated store listings, the game will no longer be available for purchase and its servers will go down for good on February 24, 2025. “The base game and all DLC are still available… Continue reading ‘Dungeons & Dragons: Dark Alliance’ servers will shut down in February