China’s Tianneng New Materials raises $137m in Series A roundChinese VC firm Puhua Capital and CICC Capital led the Series A round.

Zhejiang Tianneng New Materials, which focuses on the recycling and disposal of waste lithium-ion batteries, has secured 1 billion yuan ($137.2 million) in a Series A round of financing. Chinese venture capital (VC) firm Puhua Capital and CICC Capital, the private equity (PE) investment arm of financial services group China International Capital Corporation Ltd (CICC),… Continue reading China’s Tianneng New Materials raises $137m in Series A roundChinese VC firm Puhua Capital and CICC Capital led the Series A round.

Sitrus Technology funding and 44 more Greater China deals worth almost $519m

Chip maker Sitrus Technology has secured 200 million yuan ($27.4 million) in an extended Series C round, participated by Shanghai-based investment firm Henglu Asset.  A photonics industry development set up by a slew of state-affiliated firms including Chang An Hui Tong, and Shaanxi Finance Investment Management, among others, participated in the round.  Founded in 2012,… Continue reading Sitrus Technology funding and 44 more Greater China deals worth almost $519m

Databricks seeks $43b valuation in new funding round

Databricks, a data analytics platform using artificial intelligence, is in discussions with T. Rowe Price about a new funding round that would value the company at $43 billion, Bloomberg News reported on Friday. These private discussions are at a preliminary stage and could fall apart, the report said, citing two people familiar with the matter.… Continue reading Databricks seeks $43b valuation in new funding round

NHAI enlists IIT for safety audit of Delhi-Mumbai e-way

With the traffic volume on the expressway increasing from 12,000 daily in the initial days to 28,000 vehicles at present, the number of accidents has also increased. According to NHAI officials, a few accidents are reported on the stretch every day The National Highways Authority of India (NHAI) is going to get a safety audit… Continue reading NHAI enlists IIT for safety audit of Delhi-Mumbai e-way

London businesses weary as vehicle pollution toll zone expands

Low emission zones across Europe, from Berlin and Brussels to Paris and Rome, have attracted similar criticism, in particular from right-wing and far-right groups. Days ahead of the controversial expansion of London‘s road charging scheme for the most polluting vehicles, businesses in the British capital remain wary despite the mayor unveiling further subsidies. The extension… Continue reading London businesses weary as vehicle pollution toll zone expands

BRS to zero in on ‘world’s most expensive’ LPG, steep fuel prices

Telangana has one of the highest fuel taxes in the country. The transportation of goods and services is costlier. Price rise and highest inflation rate is likely to be among the key issues in Telangana Assembly elections, slated to be held in November-December this year. While the ruling Bharat Rashtra Samithi (BRS) is likely to… Continue reading BRS to zero in on ‘world’s most expensive’ LPG, steep fuel prices

Kolkata green vehicle count this year 4 times past pre-pandemic 2019

The shift towards cleaner fuels indicates a conscientious effort among citizens to contribute towards environmental conservation and reduce pollution. This shift aligns with global trends and a growing emphasis on sustainable transport. Close to 3,000 Kolkatans opted to buy vehicles that run on cleaner, alternative fuel in the first seven months of 2023. The trend,… Continue reading Kolkata green vehicle count this year 4 times past pre-pandemic 2019

EV infrastructure may be included under priority sector lending

The government wants to increase the proportion of EVs on Indian roads as part of efforts to meet its net zero target. It offers subsidies to manufacturers under the Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME) programme. The government is looking at including electric vehicle (EV) infrastructure within the priority sector lending… Continue reading EV infrastructure may be included under priority sector lending

@VW Group: Water Power — The Source of Success007705

A mountain river known as the Gutach winds its powerful way through the picturesque town of Hornberg. Around 5,000 people live in this municipality in the central Black Forest region of southern Germany, a popular destination for vacationers. The source of the Gutach is a mere 12-mile hike away. Its turbulent path crosses the factory… Continue reading @VW Group: Water Power — The Source of Success007705

@VW Group: Rennsport Reunion 7 on track to be the biggest Porsche gathering ever007704

17/08/2023 The seventh Rennsport Reunion – taking place next month – is on course to break records, becoming the most popular Porsche fan event in the world. Blending a gathering of the rarest and most exciting Porsche race and road cars ever built with the people who created and raced them, live entertainment, interactive displays… Continue reading @VW Group: Rennsport Reunion 7 on track to be the biggest Porsche gathering ever007704