China-based blockchain infrastructure startup Rangers Protocol, which has just rebranded from Rocket Protocol, has raised a funding round that values the company at $63 million. Investors include Pantera Capital, Framework Ventures, Huobi Ventures Blockchain Fund, Alameda Research, Hashkey Capital, SevenX Ventures, Spark Digital Capital, Incuba Alpha Holdings, Consensus Lab, Morningstar Ventures, Yuanyuzhou Ventures, and AU21Capital,… Continue reading Chinese blockchain company Rangers Protocol raises funds at $63m valuation …
Tag: Manufacturing
PAI Partners close to buying France’s SGD Pharma from China Jianyin Investment
Private equity firm PAI Partners is close to acquiring France’s SGD Pharma, a supplier of COVID-19 vaccine vials, from China Jianyin Investment (JIC), a source with direct knowledge of the transaction told Reuters. The source said on Tuesday the deal would be submitted to antitrust authorities and employee representative bodies and require approval from China’s… Continue reading PAI Partners close to buying France’s SGD Pharma from China Jianyin Investment
EV battery swapping startup Ample charges up operations in Japan, NYC
EV battery swapping startup Ample has locked in two partnerships this month that will help fuel an expansion into Japan and New York City after years of working on the technology. The startup, which was founded in 2014 and came out of stealth in March, said Tuesday it has partnered with Japanese petroleum and energy… Continue reading EV battery swapping startup Ample charges up operations in Japan, NYC
Lordstown Motors execs cite binding orders to restore confidence a day after CEO, CFO resignations
Lordstown Motors has enough “binding orders” from customers to fund limited production of its electric pickup truck through May 2022, executives at the company said Tuesday, just a day after an executive shakeup that included the resignation of the company’s CEO and CFO. Reaching that goal will come at a cost. The company is putting… Continue reading Lordstown Motors execs cite binding orders to restore confidence a day after CEO, CFO resignations
Lordstown Motors new management says it may seek money from General Motors
In a reversal, Lordstown Motors’ new management said the company isn’t so bad off after all and has enough confirmed preorders for its electric pickup to start production this fall with enough money to run through early next year. The sunnier outlook comes days after the company stated in a government filing that it did not have enough funds to… Continue reading Lordstown Motors new management says it may seek money from General Motors
Ford Bronco leaves the stable as company starts shipping, filling 125K orders
The Bronco has finally been released into the wild. “The Broncos are out of the gates, out of the corral,” Erik Williams, Ford plant manager at Michigan Assembly Plant in Wayne, told a handful of reporters on Monday during a tour. Take a step back in time: This bestselling SUV was last built in 1996, the year… Continue reading Ford Bronco leaves the stable as company starts shipping, filling 125K orders
@GM: Wabtec and GM to Develop Advanced Ultium Battery and HYDROTEC Hydrogen Fuel Cell Solutions for Rail Industry June 15, 2021
Wabtec and GM to Develop Advanced Ultium Battery and HYDROTEC Hydrogen Fuel Cell Solutions for Rail Industry GM to engineer and supply its Ultium battery and HYDROTEC hydrogen fuel cell systems for Wabtec freight locomotives PITTSBURGH June 15, 2021 — Wabtec Corporation (NYSE: WAB) and General Motors (NYSE: GM) today announced they will collaborate to… Continue reading @GM: Wabtec and GM to Develop Advanced Ultium Battery and HYDROTEC Hydrogen Fuel Cell Solutions for Rail Industry June 15, 2021
Chinese startup Pony.ai plans to launch a driverless robotaxi service in California in 2022
Pony.ai, the robotaxi startup that operates in China and the United States, has started testing driverless vehicles on public roads in California ahead of plans to launch a commercial service there in 2022. The company said the driverless vehicle testing, which means the autonomous vehicles operate without human safety drivers behind the wheel, is happening… Continue reading Chinese startup Pony.ai plans to launch a driverless robotaxi service in California in 2022
Stellantis considers restructuring Melfi plant for electric cars
Stellantis NV is considering a plan to restructure its production plant in Melfi, southern Italy, for electric vehicles. Go to Source
Allegiant Reports May 2021 Traffic
LAS VEGAS, June 15, 2021 /PRNewswire/ — Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for May 2021. “We have been pleased to see leisure demand recovery persist throughout May and into early June,” stated Drew Wells, senior vice president, revenue. “Average daily bookings since the beginning of March have continued to… Continue reading Allegiant Reports May 2021 Traffic