Tube Investments Clean Mobility, the wholly-owned subsidiary of Tube Investments has entered into a definitive agreement for the acquisition of a 65 percent stake in IPLTech Electric, a startup that manufactures electric heavy commercial vehicles. The company will buy the stake for Rs 246 crore and expects to complete the acquisition process by October 2022.… Continue reading Tube Investments to invest Rs 246 crore in electric CV startup
Tag: Strategy
Singapore digital assets exchange Zipmex suspends withdrawals
Digital asset exchange Zipmex announced on Wednesday that it has paused withdrawals on its platform until further notice due to what it described as “combination of circumstances” beyond its control. The Singapore-based startup, which also operates in Australia, Thailand, Indonesia, and Singapore, said in a tweet on Wednesday that “volatile market conditions” and the “resulting… Continue reading Singapore digital assets exchange Zipmex suspends withdrawals
Japan Post Unveils Cutting-Edge Initiative to Digitize Roads for Digital Maps Using Innoviz LiDAR
The Initiative Enables Next-Generation Services Including Autonomous Driving and Unmanned Delivery TEL AVIV, Israel and TOKYO, July 21, 2022 /PRNewswire/ — Innoviz Technologies Ltd. (NASDAQ: INVZ) (the “Company” or “Innoviz”), a leading provider of high-performance, automotive-grade LiDAR sensors and perception software, today announced that Japan Post, a special private company under the jurisdiction of the Ministry… Continue reading Japan Post Unveils Cutting-Edge Initiative to Digitize Roads for Digital Maps Using Innoviz LiDAR
Lyft lays off about 60 employees, shutters in-house car rentals program
Lyft has joined the ranks of tech companies trimming its workforce. The news of the layoffs, initially spotted in LinkedIn posts by now-former Lyft employees, has been confirmed by the company. Lyft said it has laid off about 60 people and dropped its in-house car rental service and is consolidating global operations. The Wall Street… Continue reading Lyft lays off about 60 employees, shutters in-house car rentals program
Jim Kanir Named Chief Revenue Officer to Drive Growth for LeanDNA
LeanDNA is a leader in synchronizing priorities and execution across supply chain AUSTIN, Texas, July 20, 2022 /PRNewswire/ — LeanDNA, a leading cloud solution for supply chain execution, today announced the appointment of Jim Kanir as Chief Revenue Officer (CRO). Kanir’s decades of experience leading sales teams and revenue strategies for enterprise software companies will… Continue reading Jim Kanir Named Chief Revenue Officer to Drive Growth for LeanDNA
Shield AI’s V-BAT selected for DoD’s APFIT pilot program
“This is a win-win. For the warfighter, they will not have to wait the average 4-6 years to receive new tools and products to do their jobs more effectively. For Shield AI and the V-BAT, selection by a joint-strategic office like OUSD R&E alongside its selection for SOCOM and Naval Air Warfare Center Aircraft Division’s… Continue reading Shield AI’s V-BAT selected for DoD’s APFIT pilot program
Axiom Space and Hungary Sign MOU To Expand Relationship in Space
The main focus of the new agreement is to further the Hungarian to Orbit (HUNOR) program, Hungary’s astronaut program, which aims to send a Hungarian astronaut to the International Space Station (ISS) via a future Axiom Space commercial astronaut mission. Building off the first agreement between Axiom and the Hungarian government, signed on December of… Continue reading Axiom Space and Hungary Sign MOU To Expand Relationship in Space
Tube Investments invests Rs 246 crore in electric in heavy CV
The spate of acquisition for Tube Investment continues. Tube Investments Clean Mobility, one of its wholly owned subsidiary annonuced entering into definitive agreement for acquisition of 65 percent in IPLTech Electric- a startup engaged in manufacturing of electric heavy commercial vehicles for Rs 246 crore. The acquisition is expected to be completed by October this year. Based out of Gurugram,… Continue reading Tube Investments invests Rs 246 crore in electric in heavy CV
Crypto Is Straining the Power Grid. Congress Wants to Rein It In
All of the companies included in the investigation were asked to explain “the impacts of your facilities on energy costs to local families and businesses,” but none could describe any existing estimates or models that tracked those impacts. Those who engaged with the question said this was because they didn’t expect to have a noticeable… Continue reading Crypto Is Straining the Power Grid. Congress Wants to Rein It In
Pollard Banknote Welcomes Industry Leader May Scheve Reardon as Vice President of Government Relations
WINNIPEG, MB, July 20, 2022 /PRNewswire/ – Pollard Banknote Limited (TSX: PBL) (“Pollard Banknote”) is very pleased to announce that May Scheve Reardon will be joining Pollard Banknote as Vice President, Government Relations, heading up government relations and legislative affairs efforts. Prior to joining Pollard Banknote, Ms. Reardon served as the Director of the Missouri Lottery for… Continue reading Pollard Banknote Welcomes Industry Leader May Scheve Reardon as Vice President of Government Relations