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CATL, Xiaomi & BAIC to build a battery plant in China

Teslarati

China’s top battery supplier, CATL, entered a joint venture with Xiami Auto and Chinese state-owned BAIC to build an intelligent battery cell plant. The upcoming battery cell manufacturing plant will be built under the jointly established Beijing Era New Energy Technology Co., Beijing Era New Energy Technology Co.,

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Breaking: Electric motorcycle company CAKE quietly files for bankruptcy

Baua Electric

The latest bankruptcy filing news comes as the company appears to have failed to find the necessary follow-on funding in a C round that would have pushed towards higher volume production and profitability. It’s about us, but it’s also about the venture capital ecosystem. Creandum, Swedish venture capital company: 10.4%.

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MatchLog Solutions raises USD 1.5 million in pre-series A funding | Autocar Professional

Baua Electric

million in pre-series A funding, led by Motion Ventures and July Ventures, with participation from Venture Catalysts, Blue Ashva Capital, and Capital A. Speaking about this, Ravindra Krishnappa, General Partner, July Ventures said, “MatchLog has proven its mettle in Container (EXIM) matchback optimisation.

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Porsche announces silicon valley joint venture with UP.Labs

Teslarati

Porsche has announced an all-new tech joint venture with its partner, UP.Labs. Now, Porsche is looking to spend some of that added capital and has founded a joint venture tech business named Pull Systems with its partner UP.Labs. If you have news tips, email us at tips@teslarati.com !

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BluSmart rides out of FY24 with INR 390-crore revenue in the boot – ET Auto

Baua Electric

BluSmart competes with Uber and Ola, as well as new entrants like Rapido and Namma Yatri in the cab-hailing space. BluSmart is much smaller compared with Ola and Uber and operates only in two cities: Bengaluru and the National Capital Region. Uber’s ride-hailing revenue was INR 678 crore in FY23. of Gensol Engineering.

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China’s Didi, GAC Aion to mass produce robotaxis next year – ET Auto

Baua Electric

Didi’s self-driving technology arm Didi Autonomous Driving also got funding of about USD 149 million from two investors including GAC Group’s wholly-owned subsidiary GAC Capital Co. The Andi joint venture was set up last year. The company did not specify which authority issued the license.

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HySiLabs raises 13€M in Series A; siloxane liquid carriers for hydrogen

Green Car Congress

HySiLabs, a France-based developer of a siloxane liquid carrier for hydrogen, announced a €13-million Series A financing led by Equinor Ventures, and joined by the European Innovation Council Fund, EDP Ventures and PLD Automobile, with the support of historical investors Kreaxi, Région Sud Investissement and CAAP Création.

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