A prototype of the all-electric Maserati Granturismo Folgore has been spotted without any camouflage, giving us a final good look at the super-coupé’s design before it’s officially revealed in the coming months. Images sent to Autocar show Maserati’s first electric car charging at the side of the road in California, where it is thought to… Continue reading New electric Maserati Granturismo drops all disguise in new shots
Tag: M and A
@niche: Xos, Inc. Announces Strategic Partnership with NationaLease002097
LOS ANGELES, Aug. 17, 2022 (GLOBE NEWSWIRE) — Xos, Inc. (NASDAQ: XOS), a leading manufacturer of Class 5 through Class 8 battery-electric vehicles and powertrains, and provider of charging infrastructure and fleet management software, today announced a strategic partnership with NationaLease, one of the largest full-service truck leasing organizations in North America with over 900… Continue reading @niche: Xos, Inc. Announces Strategic Partnership with NationaLease002097
@niche: EV Roundup: Key Tidbits From Q2 Reports of RIVN, BLNK, WKHS, GOEV & HYLN002098
The second-quarter 2022 results of Rivian Automotive RIVN, Workhorse Group WKHS, Hyliion Holdings HYLN, Canoo Inc. GOEV and Blink Charging BLNK dominated last week’s key stories in the electric vehicle (EV) space. Each of these companies incurred a loss for the quarter under review amid high research & development (R&D) and selling, general & administrative (SG&A) costs. Being in the nascent stages of development,… Continue reading @niche: EV Roundup: Key Tidbits From Q2 Reports of RIVN, BLNK, WKHS, GOEV & HYLN002098
Go Rentals Opens Location at Camarillo Airport
Go Rentals is now serving customers at California’s Camarillo Airport Logo: Go Rentals Go Rentals, a car rental company specializing in the private aviation industry, has opened a new location at California’s Camarillo Airport (CMA). By partnering with Air7 to expand its market share into CMA, Go Rentals is better able to service its existing… Continue reading Go Rentals Opens Location at Camarillo Airport
South Korea’s Kakao drops plan to sell stake in taxi-hailing unit
South Korean tech conglomerate Kakao Corp said on Thursday it is no longer exploring plans to sell about 10% of unit Kakao Mobility after objections from unionised employees and other stakeholders. Kakao holds a 57.6% stake in Kakao Mobility, whose app Kakao T offers South Korea’s most popular taxi-hailing service with 31 million registered users. It had been looking at a possible share sale… Continue reading South Korea’s Kakao drops plan to sell stake in taxi-hailing unit
Singapore’s FOMO Pay pockets $13m in Series A and other SE Asia deals
Singapore-headquartered payment startup FOMO Pay has announced that it raised $13 million in its Series A funding round anchored by Jump Crypto, the crypto arm of high-frequency trading firm Jump Trading Group. HashKey Capital, Antalpha Ventures, Ab Initio Capital and Republic Capital also participated in the funding round, which will help FOMO Pay invest in… Continue reading Singapore’s FOMO Pay pockets $13m in Series A and other SE Asia deals
Shima Capital Closes $200M Maiden Fund to Support Web3 Founders
Shima Capital, a San Francisco, CA-based global venture firm that invests in early-stage blockchain companies across all market cycles, launched its debut fund. Shima Capital Fund I raised $200 million receiving support from notable investors including Dragonfly Capital, Bill Ackman, Animoca, OKex, Mirana Ventures, Republic, and Andrew Yang, among others. Founded in 2021 by veteran investor Yida Gao, Shima… Continue reading Shima Capital Closes $200M Maiden Fund to Support Web3 Founders
PE-VC investors smell big opportunity in India’s young SaaS sector
Even as macroeconomic headwinds are threatening to derail the deal-making momentum in India in the short term, startups offering software as a service (SaaS) and building global products are reaping a bounty from investors. SaaS startups have amassed about $2.3 billion in capital across 102 transactions between January and July this year, show proprietary data… Continue reading PE-VC investors smell big opportunity in India’s young SaaS sector
HyperTrack, which provides last-mile routing software, raises $25M
In a sign that the market for logistics and transportation tech isn’t cooling (economic downturn be damned), HyperTrack, a startup offering APIs for freight order planning, assignment and tracking, today closed a $25 million Series A funding round. Led by Westbridge Capital with participation from Nexus Venture Partners, the round will be put toward expanding… Continue reading HyperTrack, which provides last-mile routing software, raises $25M
New Sandhills Global Market Reports Show Growing Gap Between Asking and Auction Values Across Equipment and Truck Markets
“Fleet truck auction values have dropped significantly from April,” explains Mitch Helman, sales manager at Sandhills Global. “Despite the massive decrease, auction values remain above historic trends and are 22% higher than last July.” The key metric used in all of Sandhills’ market reports is the Sandhills Equipment Value Index (EVI). Buyers and sellers can… Continue reading New Sandhills Global Market Reports Show Growing Gap Between Asking and Auction Values Across Equipment and Truck Markets