Battery Smart, a battery swapping network for electric two- and three-wheelers, on Wednesday, announced a partnership with GoMechanic, a network of tech enabled car service and spares centres. Through the partnership, Battery Smart will set up battery swapping stations in 100+ GoMechanic garages across India, with the first one live in west Delhi. Go to… Continue reading India: Battery Smart partners Tiger Global-backed car service startup GoMechanic
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Ten federal agencies are expanding their use of facial recognition
The Government Accountability Office has revealed in a new report that 10 federal agencies are planning to expand their use of facial recognition. In a survey involving 24 federal agencies on their use of facial recognition technology, the Agriculture, Commerce, Defense, Homeland Security, Health and Human Services, Interior, Justice, State, Treasury and Veterans Affairs departments… Continue reading Ten federal agencies are expanding their use of facial recognition
SG Digest: Ex Grab, Uber execs launch car subscription platform, Alethea AI raises $16m …
Former executives of Grab, Uber, and Hertz have launched Carzuno, a car subscription startup in Singapore, while AI software development firm Alethea AI has raised $16 million in a private token sale. Former Grab, Uber execs launch car subscription platform Carzuno, a car subscription startup, has launched in Singapore. The startup was founded by two… Continue reading SG Digest: Ex Grab, Uber execs launch car subscription platform, Alethea AI raises $16m …
China Digest: Shunwei’s sub-fund to raise $154m; Yeasen Biotechnology nets $46m
Shunwei Capital’s sub-fund Shenzhen Shunying Private Equity Investment is raising 1 billion yuan ($154 million) for a new fund. In a separate development, Yeasen Biotechnology (Shanghai) has landed 300 million yuan ($46 million) in a Series B+ round. Shunwei’s sub-fund to raise $154m Shenzhen Shunying Private Equity Investment, a sub-fund of electronics giant Xiaomi’s Shunwei… Continue reading China Digest: Shunwei’s sub-fund to raise $154m; Yeasen Biotechnology nets $46m
Knoetic Raises $18M in Series A Funding
Knoetic, a NYC-based platform for Chief People Officers that combines a social network and a SaaS analytics tool, raised $18M in Series A funding. The round was led by Accel with participation from New York Times bestselling author Adam Grant, as well as Karan Mehandru (STEADFAST, and formerly Trinity Ventures), Dan Bomze (Founder/CEO of MileIQ), Sterling Road (Ash Rust), Bob Tinker (angel investor… Continue reading Knoetic Raises $18M in Series A Funding
Tesla releases new version of its mobile app with UI refresh and tons of new features
Tesla is releasing today version 4 of its mobile app and it has a significant user interface refresh as well as a ton of new features. The Tesla mobile app has been an important asset for the automaker. Owners managed most of their ownership experience through the app. It serves as a key to unlock… Continue reading Tesla releases new version of its mobile app with UI refresh and tons of new features
Tesla now aims for Full Self-Driving Beta public release in ‘~4 weeks’
Elon Musk is now saying that Tesla is aiming for the wider public release of its Full Self-Driving Beta in about 4 weeks. We are coming up on almost a year since Tesla started testing its Full Self-Driving Beta in its early access program with some customers. The software enables Tesla vehicles to virtually drive… Continue reading Tesla now aims for Full Self-Driving Beta public release in ‘~4 weeks’
Toshiba said to be in talks with atleast four PE firms for strategic ideas …
Toshiba Corp is in talks with at least four global private equity firms including KKR & Co Inc and Blackstone Inc to seek their ideas for its new strategy, three sources with knowledge of the matter said. Bain Capital and Canadian investment firm Brookfield have also been tapped by the scandal-hit Japanese conglomerate’s strategic review committee… Continue reading Toshiba said to be in talks with atleast four PE firms for strategic ideas …
India: Sistema Asia Fund hires tech entrepreneur Sampathkumar P as senior partner
Sistema Asia Fund (SAF), the Bengaluru-based venture capital firm investing in mid-stage Indian startups, on Wednesday announced the induction of ex-VC and tech-entrepreneur Sampathkumar P. as part of the firm’s investment leadership in India. Sampathkumar is joining the team as a senior partner to lead and manage investments for the soon-to-be launched Fund II by… Continue reading India: Sistema Asia Fund hires tech entrepreneur Sampathkumar P as senior partner
Indian government launches accelerator programme to fund 300 early-stage startups
The Ministry of Electronics and Information Technology (MeitY), on Wednesday, announced the Startup Accelerator for Product Innovation, Development & Growth (SAMRIDH) programme, which aims to help growing startups in India. The programme was announced in the annual report of the MeitY earlier this year and was under approval at the time. “The part when an… Continue reading Indian government launches accelerator programme to fund 300 early-stage startups