For years, banks have been financing large renewable power projects, from utility-scale solar farms to horizon-spanning wind farms. But smaller projects, like installing a heat pump in someone’s home or retrofitting affordable housing, often get passed over. They simply haven’t been lucrative enough. But the demand is there, which is why advocates have been clamoring…
Apple is laying off 614 employees in California after abandoning its electric car project. According to the WARN notice posted by California, Apple notified the affected employees on March 28 and the changes will go into effect on May 27. Affected employees worked at eight locations in Santa Clara, roughly 45 miles south of San…
Reuters reported on Thursday that Google’s parent company, Alphabet, is exploring the possibility of buying Boston-based HubSpot, a CRM and marketing automation company with a market cap of over $33 billion – a number that has been climbing on those reports. If such a deal were to happen, the cost would likely be pretty substantial,…
Reuters reported on Thursday that Google’s parent company, Alphabet, is exploring the possibility of buying Boston-based HubSpot, a CRM and marketing automation company with a market cap of over $33 billion – a number that has been climbing on those reports. If such a deal were to happen, the cost would likely be pretty substantial,…
Bitkraft Ventures — a games investor based out of Denver, Colorado, but with European founders — has raised its third fund, coming in at $275 million. The fund will make seed and Series A investments in gaming studios, and platforms to support game production. The moves comes at a time when games investments have actually…
Indian quick-commerce startup Zepto has surpassed the annualised sales milestone of $1 billion within just 29 months of its inception, Goldman Sachs wrote in a note Thursday, citing the Zepto management. The startup, which competes with Zomato-owned Blinkit and SoftBank-backed Swiggy Instamart, has also expanded its market share “close to that of the number 2…
NoSQL database Aerospike today announced that it has raised a $100 million Series E round led by Sumeru Equity Partners. Existing investor Alsop Louie Partners also participated in this round. In 2009, the company started as a key-value store with a focus on the adtech industry; Aerospike has since diversified its offerings quite a bit.…
Weeks before the national elections in India, Elon Musk-owned X said it is rolling out support for posting Community Notes — the company’s crowd-sourced fact-checking program. The company posted that the first set of contributors from India will start posting notes today and more will be accepted over time. Contributors typically post more context to…
Faraday Future has avoided getting evicted from its Los Angeles headquarters — for the time being. The troubled EV startup reached an agreement April 2 with its landlord, Rexford Industrial, to stay in the building as long as it met a few conditions. If the startup violates any of the terms, Rexford has the right…
FCC Chairwoman Jessica Rosenworcel on Wednesday announced plans to vote on rules restoring Net Neutrality. The vote, set for April 25, would reinstate 2015 internet rules adopted under Obama that were subsequently repealed by Trump’s FCC two years later. Rocenworcel, a long-time advocate for net neutrality, announced plans to reverse the reversal toward the end…
