In a statement lidar sensor maker Innovusion said, it had raised $64 million to ramp up production and supply Chinese electric vehicle (EV) maker Nio Inc’s ET7 sedan, which is scheduled to start deliveries in early 2022. The funding includes new investments from Singapore state investor Temasek and venture capital firm Joy Capital. Existing investors also…
On Tuesday, in a statement the Gordon Murray Group which makes supercars said, it plans on investing $420M (300-million-pound) spread over 5 years to expand into the electric car segment; it plans on developing electric SUVs and delivery vehicles for carmakers as it shifts towards an all-electric supercar by 2030. “Electric is what we’ve been…
In a statement, Colonial Pipeline said, it has restarted operations in its Line 4 fuel line, which runs from Greensboro, North Carolina, to Woodbine, Maryland, under manual control. The line came under cyber attack which shutdown the pipeline system last week on Friday. In a notice to shippers, Colonial Pipeline said, Line 4 will be…
On Monday, digital music company Believe stated it plans to come out with a stock market listing in Paris with an aim to raise around $608 million (500 million euros) so as to finance its expansion. Believe’s digital music brands, Believe Distribution Services, TuneCore, Groove Attack, Nuclear Blast, Naïve, and AllPoints, compete in a sector…
In a statement, Elon Musk’s SpaceX said, it will launch the “DOGE-1 Mission to the Moon” in the first quarter of 2022, and accept meme inspired cryptocurrency dogecoin as payment. “SpaceX launching satellite Doge-1 to the moon next year – Mission paid for in Doge – 1st crypto in space – 1st meme in space”,…
Long white metal tubes sitting at the base of mountains in the desert just north of Las Vegas promise to one day revolutionize the mass transportation market. Virgin Hyperloop is one of the players in this industry. Richard Branson’s Virgin Group is developing the technology which will see passenger pods hurtling at speeds of up…
In a statement SpaceX’s founder Elon Musk said, the company has received more than 500,000 preorders for its Starlink satellite internet service and anticipates no technical problems at meeting that demand. The “only limitation is high density of users in urban areas,” tweeted Musk in response to a post from a CNBC reporter that said the…
In a significant development, a strategic plan by the German government sees offshoots in new green financing norms aimed at steering capital towards environmental projects and developing Germany into a leading hub for sustainable finance. The Sustainable Finance Strategy which plans on listing 26 individual measures is scheduled to be adopted by the cabinet on…
On Tuesday, in a joint statement British electric van and bus maker Arrival stated, they will collaborate to develop an electric car for Uber Technologies Inc, which will go into production in late 2023. Uber and Arrival will also explore a strategic partnership in key markets, including the United States, EU and the United Kingdom/…
In a statement Apple Inc said, it has hired Samy Bengio, a former distinguished Google scientist who left the search engine giant following a turmoil in its artificial intelligence research department. Bengio is now set to lead a new AI research unit at Apple under John Giannandrea, senior vice president of machine learning and AI strategy,…
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