US logistics startup Flexport to lay off 20% of its workforce – The Information
(Reuters) -U.S. logistics startup Flexport is planning to lay off about 20% of its workforce in the coming weeks, The Information reported on Friday citing people familiar with the matter. Flexport did…
EV startup Faraday Future signs deal to raise up to $350 million
(Reuters) – Faraday Future Intelligent Electric said on Monday it had signed a deal to raise up to $350 million as the electric-vehicle startup looks to roll out its FF 91 luxury…
AI chip startup SiMa.ai launches auto business with former Bosch, Mercedes executive
By Jane Lanhee Lee OAKLAND, Calif. (Reuters) – Silicon Valley-based AI chip startup SiMa.ai on Thursday said it is entering the automotive industry and has recruited Harald Kroeger, a former executive at…
Logistics startup Flexport plans hiring spree, to double engineers in 2023
By Krystal Hu (Reuters) – Flexport, one of the most valuable logistics startups, is looking to add about 400 engineers to double its technical team by next year, a top company executive…
Volkswagen no longer investing in self-driving startup Argo AI
BERLIN (Reuters) – Volkswagen AG is no longer investing in Argo AI, the company said on Wednesday, concentrating its automated driving efforts on its existing partnerships with Bosch and Horizon Robotics in…
Mental health startup Cerebral to cut about 20% of workforce
(Reuters) – Telehealth startup Cerebral Inc is cutting its workforce by 20%, a company spokesperson said on Monday. The Wall Street Journal reported earlier that the company, which provides mental health services…
Plenty of New Startup Restaurants Opening Around the Country
(RestaurantNews.com) Flhip.com has released its latest restaurant openings report, providing restaurant vendors with a sampling of fresh sales and marketing leads that can be found on their website. Flhip provides regularly updated…
Restaurant Delivery Software Provider VROMO Partners With Restaurant SaaS, Host Kitchen Tech Startup KBox Global
Kbox Global chooses VROMO as premier delivery software provider as it expands its host kitchen model into the US market (-) Restaurant operators and host kitchens looking to make their delivery operations…
Sustainable fuel startup Air Company to sell to JetBlue, Virgin Atlantic
By Doyinsola Oladipo NEW YORK (Reuters) – Sustainable fuel startup Air Company has multi-year agreements to sell jet fuel made from captured carbon emissions to carriers JetBlue Airways Corp and Britain’s Virgin…
Mexican used-car startup Kavak lands $810 million in debt financing
By Kylie Madry MEXICO CITY (Reuters) – Mexican used-car platform Kavak on Tuesday said it had secured $675 million in financing from HSBC to back the company’s car loan offerings, adding to…
Faraday Future shareholder sues EV startup for removal of two directors
(Reuters) – Faraday Future Intelligent Electric shareholder FF Top Holding has sued the electric vehicle startup seeking the removal of two board members, according to a court filing, escalating the battle for…
Chip tech startup SiFive launches products aimed at automotive market
By Jane Lanhee Lee (Reuters) – Silicon Valley startup SiFive Inc on Tuesday launched three new products aimed at the automotive market, which is emerging as one of the hottest areas for…
Battery startup ONE aims to slash cell cost, deliver 600-mile range
By Paul Lienert (Reuters) – Michigan-based startup Our Next Energy has unveiled a new anode-free battery pack designed to slash cell cost as much as 50% while delivering up to 600 miles…
Startup Gatik to deploy self-driving trucks for Pitney Bowes in Dallas
(Reuters) – Self-driving delivery truck startup Gatik will deploy its Class 6 box trucks for global shipping and mailing firm Pitney Bowes’ ecommerce deliveries in Dallas, Texas, the companies said on Wednesday.…
U.S. startup SiMa.ai starts shipping machine learning chip and system
By Jane Lanhee Lee (Reuters) – Silicon Valley-based SiMa.ai, a machine learning startup backed by Fidelity Management & Research Company, said on Tuesday it started shipping chips and systems to customers that…
EV startup Faraday Future refutes claims made by top shareholder
(Reuters) – Faraday Future Intelligent Electric Inc on Monday refuted claims made by the electric vehicle startup’s largest shareholder regarding its rights as a stakeholder. Earlier this month top shareholder FF Top…
Korea’s SK invests $100 million in EV-focused startup Atom Power
By Paul Lienert DETROIT (Reuters) – Korea’s SK Inc has invested $100 million in North Carolina startup Atom Power, which aims to upgrade the electric vehicle (EV) charging experience in the United…
EV startup Fisker explores higher production in 2023, U.S. manufacturing
(Reuters) – Electric-vehicle startup Fisker Inc said on Friday it was exploring options to manufacture in the United States in 2024 and was considering ramping up production of its first vehicle, the…
Northrop taps rocket startup Firefly to replace Antares’ Russian engines
By Joey Roulette WASHINGTON -Northrop Grumman is partnering with rocket startup Firefly Aerospace to build a new version of its workhorse Antares rocket without Russian-made engines that were cut off from the…
S.Korea’s Hyundai Motor Group plans to raise stake in startup – report
SEOUL – South Korea’s Hyundai Motor Group plans to ramp up its stake in a local startup specialised in autonomous driving technology and invest about 400 billion won ($308.19 million), a newspaper…
Neuralink co-founder departs Musk-backed startup -sources
By Rachael Levy (Reuters) – A founding member of Elon Musk’s Neuralink left the company in recent weeks, according to two people familiar with the matter, the latest in a string of…
Self-driving startup Argo AI lays off about 150 employees
(Reuters) – Self-driving startup Argo AI said on Thursday it had laid off about 150 employees as it makes adjustments to its business plans. The company, backed by Ford Motor Co and…
Mexican used-car startup Kavak expands outside Latin America
By Cassandra Garrison MEXICO CITY – Mexican used-car platform Kavak is investing $180 million to open offices and make its platform available in four new countries, including Turkey – its first location…
UK green supply chain startup Circulor raises $25mln for US expansion
By Nick Carey LONDON – UK startup Circulor, which uses blockchain technology to map supply chains for companies pursuing greener, more sustainable production, said on Tuesday it had raised $25 million to…
American startup EnergyX out of Bolivian lithium race
By Marcelo Rochabrun (Reuters) – American startup EnergyX and Argentine energy firm Tecpetrol have been disqualified from a race to mine Bolivian lithium, the government said, as the country aims to tap…
Exclusive-Rocket propulsion startup to offer new, bigger rocket engine in 2025-CEO
By Joey Roulette WASHINGTON – U.S. rocket engine maker Ursa Major is developing a new medium to heavy-lift rocket engine to serve a growing field of potential customers, jumping into territory dominated…
Breaking News
