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Apple launches its online store in India

By |September 23rd, 2020|

For the first time in more than 20 years since Apple began its operations in India, the iPhone-maker has started selling its products directly to consumers in the world’s second largest smartphone market. Apple launched its online store in India on Wednesday, which in addition to offering nearly the entire line-up of its products, also --> READ MORE

China says it won’t approve TikTok sale, calls it ‘extortion’

By |September 23rd, 2020|

The September 20 deadline for a purported TikTok sale has already passed, but the parties involved have yet to settle terms on the deal. ByteDance and TikTok’s bidders Oracle and Walmart presented conflicting messages on the future ownership of the app, confusing investors and users. Meanwhile, Beijing’s discontent with the TikTok sale is increasingly obvious. --> READ MORE

Singapore-based Syfe, a robo-advisor with a human touch, raises $18.6 million led by Valar Ventures

By |September 23rd, 2020|

Dhruv Arora, the founder and CEO of Singapore-based investment platform Syfe Syfe, a Singapore-based startup that wants to make investing more accessible in Asia, announced today that it has closed a SGD $25.2 million (USD $18.6 million) Series A led by Valar Ventures, a fintech-focused investment firm. The round also included participation from Presight Capital --> READ MORE

Elon Musk reveals the Tesla Model S ‘Plaid’ slated for late 2021

By |September 23rd, 2020|

Tesla CEO Elon Musk revealed Tuesday the Model S Plaid, the newest variant to the company’s flagship sedan that boasts some eye-popping performance and range claims, including the ability to travel at least 520 miles on a single charge. The Model S with this more powerful “Plaid” powertrain won’t be available until late 2021.  Tesla, --> READ MORE

Tesla claims it can drive battery costs down even lower with new material science innovations

By |September 23rd, 2020|

Amid a packed afternoon of announcements from Tesla around innovations the company is pursuing to slash the cost of electric vehicle production and energy storage through better battery design, the company said it’s made new advancements in material science for anodes and cathodes — key components of the lithium-ion batteries that are the heart of --> READ MORE

Tesla is building a cathode plant and getting into the lithium mining business

By |September 23rd, 2020|

A little more than a year ago, during Tesla’s 2019 shareholder’s meeting, CEO Elon Musk said the company “might get into the business of mining minerals used in electric vehicle batteries.” Today, during Tesla’s so-called Battery Day event, Musk confirmed that the company is officially getting into the mining business. Tesla has secured the rights --> READ MORE

Tesla says its battery innovations will deliver its goal of a $25,000 mass market electric car

By |September 22nd, 2020|

Tesla held its Battery Day event on Tuesday to discuss a variety of innovations it has developed and is pursuing in battery technology for its vehicles. At the event, Tesla CEO Elon Musk and SVP of Powertrain and Energy Engineering Drew Baglino detailed new anode and cathode technology it’s working on, as well as materials --> READ MORE

TransferWise reports accelerating revenue growth to 70% in its March, 2020 fiscal year

By |September 22nd, 2020|

TransferWise, a European fintech unicorn, announced the financial results of its fiscal year ending March, 2020. The company posted strong growth, continued profit and new customer records. TransferWise was most recently valued at $5 billion during a secondary sale worth $319 million in July of this year. On the results front, we can compare the --> READ MORE

Caura, an app to take the hassle out of car ownership, launches from Echo co-founder Sai Lakshmi

By |September 22nd, 2020|

Caura, a new U.K. startup that aims to take the hassle out of car ownership, is breaking cover today. Founded by Sai Lakshmi, who previously co-founded Echo, the medication management service acquired by LloydsPharmacy owner McKesson, Caura is an iOS app designed to manage all of the vehicle-related admin that car owners endure. Drivers are --> READ MORE

Tesla introduces its tabless battery design on the road to 10 terawatt hours of production

By |September 22nd, 2020|

For Tesla to reach the ambitious goal of 10 to 20 terawatt hours of battery production per year that the company has set, it will need to advance the battery and its production. Today, during Tesla’s self-described Battery Day event, the company laid out a series of innovations that its CEO Elon Musk said will --> READ MORE