XPENG is preparing to launch its own robotaxi fleet, the world’s first fully-electric flying car, and an AI-powered robot. The luxury vehicle maker said that its latest G9 SUV became China’s first mass-produced commercial vehicle to pass the government-led Autonomous Driving Closed-field Test. The G9 will be used for XPENG’s robotaxi fleet. “Obtaining the road…
Last month, Egyptian B2B e-commerce platform Capiter made headlines after founders Mahmoud Nouh and Ahmed Nouh were ousted by its board as CEO and COO. The reasons were unclear, as both parties didn’t publicly comment on the situation; however, from various local news outlets, they ranged from mismanagement of funds to failure to report to…
Last month, Egyptian B2B e-commerce platform Capiter made headlines after founders Mahmoud Nouh and Ahmed Nouh were ousted by its board as CEO and COO. The reasons were unclear, as both parties didn’t publicly comment on the situation; however, from various local news outlets, they ranged from mismanagement of funds to failure to report to…
India’s Udaan has raised $120 million in convertible notes and debt led by existing shareholders and bondholders, a top executive told employees in an email Thursday seen by TechCrunch, as the business-to-business e-commerce startup works to being ready for the public markets in 12-18 months. The new financing brings the startup’s overall funding in convertible…
India’s Udaan has raised $120 million in convertible notes and debt led by existing shareholders and bondholders, a top executive told employees in an email Thursday seen by TechCrunch, as the business-to-business e-commerce startup works to being ready for the public markets in 12-18 months. The new financing brings the startup’s overall funding in convertible…
When Turkish appliance manufacturer Arçelik began its digital transformation journey in 2015, it had the opportunity to start from scratch with its new factory in Ulmi, Romania, which was in the pipeline, but not yet built. Upon its completion, the Romania facility became the company’s most advanced factory and the first to be constructed with…
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Redstone and EnjoyVenture have combined forces to create Human Impact Capital (HIC), Germany’s first dedicated scial impact VC fund. The fund will deploy cash into digital business models focusing on health, education and “living,” and explicitly invests to have an impact along sustainable development goals. To HIC, this means “No Poverty, Good Health and Wellbeing,…
A 26-year-old Ukrainian national has been charged in the U.S. for his alleged role in the Raccoon Stealer malware-as-a-service (MaaS) operation. Mark Sokolovsky, who was arrested by Dutch law enforcement after leaving Ukraine on March 4, 2022, in what’s said to be a Porsche Cayenne, is currently being held in the Netherlands and awaits extradition…
SpaceX has announced that its Starlink service will soon be available for moving vehicles. The company’s Starlink for RVs service was initially launched in May but was designed for stationary vehicles. However, some enterprising folk managed to get Starlink working for moving vehicles anyway: From December 2022, a new Starlink service is launching that is…
