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August 2, 2021

startup

Chinese electric car start-up Li Auto delivers more cars than Xpeng again

CNBC
CNBC – For more and to sign up click here The Li One electric car from Li Auto is displayed at the Moonstar Global Harbor shopping mall in Shanghai, China, May 10, 2021. Costfoto | Barcroft Media | Getty Images BEIJING — Deliveries of what is essentially a hybrid electric......

Tech executive invests in digital news start-up launched by veteran D.C. journalists

CNBC
CNBC – For more and to sign up click here Stevica Mrdja / EyeEm | EyeEm | Getty Images A digital news start-up that’s being launched by veteran journalists received an investment from a top tech executive. The start-up, expected to launch in the fall, is led in part by......

Microsoft is in talks to invest in Indian budget hotel start-up Oyo

CNBC
CNBC – For more and to sign up click here An OYO Rooms logo seen displayed on a smartphone. SOPA Images | LightRocket | Getty Images Oyo has expanded beyond India and into markets in the U.S., Europe and Southeast Asia. However, questionable tactics cast doubt on the health of......

Space start-up Varda, founded by SpaceX and Founders Fund veterans, aims to build factories in orbit

CNBC
CNBC – For more and to sign up click here Varda co-founders Delian Asparouhov, left, and Will Bruey. Varda Space Industries Varda Space Industries, a start-up founded less than a year ago by a pair with experience at Elon Musk’s SpaceX and Peter Thiel’s Founders Fund, has now raised more......

This Irish start-up is helping firms avoid the pitfalls of work-from-anywhere policies

CNBC
CNBC – For more and to sign up click here Places such as Phuket, Thailand and Bali, Indonesia are leisure destinations with enough infrastructure to conduct work, said Adrien Pierson. Jasmina007 | E+ | Getty Images As more employees settle into remote work for the longer term, companies are faced......

Lucid Motors CEO says EV start-up is in an ‘enviable position’ as stock pops in its debut

CNBC
CNBC – For more and to sign up click here Lucid Motors began trading Monday on Wall Street after completing its SPAC merger. Under the ticker symbol LCID, the stock jumped about 10% to more than $26. The merger with Churchill Capital Corp IV — a special purpose acquisition company created......

Visa makes another big bet on fintech, buying UK payments start-up Currencycloud

CNBC
CNBC – For more and to sign up click here A Visa debit card. Simon Dawson | Bloomberg | Getty Images LONDON — Visa said Thursday it has agreed to buy British payments start-up Currencycloud, in its second major fintech acquisition of 2021. The deal values Currencycloud at £700 million......

Lyft will team up with Ford and a self-driving car start-up to offer rides in Miami.

New York Times
Ford Motor and its autonomous-driving affiliate, Argo AI, have formed an alliance with Lyft in an effort to begin offering rides in self-driving cars. Ford expects to begin operating self-driving cars tin Miami through Lyft’s ride-hailing service this year. The vehicles will be outfitted with Argo’s self-driving technology but will......

Chinese driverless car start-up WeRide makes first acquisition as competition ramps up

CNBC
CNBC – For more and to sign up click here WeRide robotaxis driving around the southern Chinese city of Guangzhou. The start-up began testing robotaxis in the city in 2019. WeRide GUANGZHOU, China — Chinese driverless car start-up WeRide has made its first acquisition, an autonomous trucking company, as it......

Unicorn start-up Pacaso seeks to capitalize on surging vacation home prices

CNBC Real Estate
As home prices surge, a real estate start-up launched in October by two former Zillow executives sees opportunity. Cincinnati-based Pacaso purchases luxury single-family vacation homes and then sells them to groups of buyers through a fractional ownership model as part of an LLC, co-founder and CEO Austin Allison told CNBC......

India’s digital payments start-up Paytm files for a $2.2 billion IPO

CNBC
CNBC – For more and to sign up click here Paytm, PhonePe, Google Pay (Gpay) and Bhim UPI QR Codes (Standee) are Kept outside for Cashless payments at a medical store in Gurugram on the outskirts of New Delhi, India on 16 May 2020. Nasir Kachroo | NurPhoto | Getty......

Battery start-up Enovix begins trading after SPAC merger in latest clean tech deal

CNBC
CNBC – For more and to sign up click here Start-up battery company Enovix began trading Thursday, becoming the latest clean tech-focused name to enter the public market through a reverse merger with a special purpose acquisition company.  Shortly after the opening bell on Wall Street shares of the company,......

Self-driving startup Aurora to go public in $13 bln SPAC deal

Reuters
July 15 (Reuters) – Self-driving technology startup Aurora will go public through a deal with a blank-check firm backed by Silicon Valley heavyweights Reid Hoffman and Mark Pincus, giving the combined company a pro-forma market capitalization of $13 billion. The deal with Reinvent Technology Partners Y (RTPY.O) will include a......

Hong Kong biotech start-up is set to list on the Nasdaq in a SPAC merger

CNBC
CNBC – For more and to sign up click here Signage for Prenetics, a Hong Kong-based biotechnology company, at the company’s laboratory in Hong Kong, China, on Jan. 26, 2018. Anthony Kwan| Bloomberg | Getty Images Hong Kong biotech company Prenetics is set to merge with Artisan Acquisition, a special......

‘This feels like 1999’: Global start-up funding frenzy fuels fears of a bubble

CNBC
CNBC – For more and to sign up click here A pile of U.S. dollar banknotes. Chris Clor | Tetra images | Getty Images In March last year, a top venture capital firm described Covid-19 as the “black swan of 2020.” “Private financings could soften significantly, as happened in 2001......

China’s start-up investors look to other markets as regulatory scrutiny on U.S. IPOs builds

CNBC
CNBC – For more and to sign up click here A Chinese day trader plays cards with others at a local brokerage house in Beijing on August 27, 2015, the summer of a dramatic sell-off in Chinese stocks. Getty Images On Saturday, China’s cyberspace regulator proposed that any company with......

Work at Home or the Office? Either Way, There’s a Start-Up for That.

New York Times
SAN FRANCISCO — Before the pandemic, Envoy, a start-up in San Francisco, sold visitor registration software for the office. Its system signed in guests and tracked who was coming into the building. When Covid-19 hit and forced people to work from home, Envoy adapted. It began tracking employees instead of......

DOJ investigating Lordstown Motors, shares of electric-vehicle start-up plunge

CNBC
CNBC – For more and to sign up click here Signage outside Lordstown Motors Corp. headquarters in Lordstown, Ohio, on Saturday, May 15, 2021. Dustin Franz | Bloomberg | Getty Images The Justice Department is investigating Lordstown Motors, CNBC has learned, sending shares of the embattled electric-vehicle start-up plunging as......

Chinese electric car start-up Li Auto delivers over 1,000 more cars than Xpeng in June

CNBC
CNBC – For more and to sign up click here Xpeng Motors launches the P5 sedan at an event in Guangzhou, China on April 14, 2021. The P5 is Xpeng’s third production model and features so-called Lidar technology. Arjun Kharpal | CNBC BEIJING — U.S.-listed electric car start-up Li Auto......

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