Otonomo, a connected automotive company that went public in 2021 and has seen a sharp decline in the value of its stock, recently announced a reverse merger with roadside assistance tech company Urgent.ly. In an all-share merger, Urgently shareholders will receive 67% of the combined company, and Otonomo shareholders will …
Read More »A battery, sweetie Our Next Energy receives a sizable $300M Series B to construct a gigafactory
Charging a battery In an effort to start up its $1.6 billion gigafactory, Our Next Energy announced this morning that it had closed a sizable $300 million Series B round. The two-and-a-half-year-old company, which closed a $25 million Series A in October 2021 and a $65 million Series A1 in …
Read More »Finn introduces B2B auto subscriptions in the US
The Munich-based car subscription startup Finn is moving into long-term corporate rentals in addition to individual consumer rentals in the United States. For about the same cost as a lease, car subscription services provide flexibility, maintenance, roadside assistance, and, in many cases, direct delivery of the vehicle to your door. …
Read More »Google searches allegedly made by Brian Walshe after his wife vanished were read out by the prosecution
In the case of Ana Walshe, the prosecution has read out a list of Google searches that the defendant, Brian Walshe, who is accused of killing and disinterring a body, is said to have conducted. On the morning that Ana is thought to have vanished, Brian is said to have …
Read More »Bitwarden purchases Passwordless.dev to assist businesses in user authentication without passwords
Bitwarden, an open source password management platform, has made its first known acquisition by purchasing Passwordless.dev, a young Swedish startup that specializes in assisting software developers in integrating passwordless authentication technology. The information was released shortly after Bitwarden, a competitor of 1Password and LastPass, revealed that it had received $100 …
Read More »Musk sets a new record and loses the most personal wealth in human history
Formerly the richest man in the world, Elon Musk has now lost the most money personally of any person in history, breaking the previous record. Since November 2021, Musk has lost over $182 billion, according to Guinness World Records. In any case, the loss has overtaken the previous record holder, …
Read More »The largest aircraft in the world does a record-breaking flight over the Mojave Desert
After breaking yet another world record by flying nonstop for six hours, the largest plane in the world has gone to the skies to demonstrate that having a 117-meter (385-foot) wingspan does not prevent it from traveling the distance. The current largest plane in the world, Stratolaunch’s Roc, flew for …
Read More »News aggregator SmartNews fires 40% of its employees in the US and China, and plans additional layoffs in Japan
According to individuals acquainted with the company’s plans, SmartNews, a news aggregation website and app with headquarters in Tokyo, today announced a 40% decrease of its U.S. and China personnel, or roughly 120 people. The announcement was made on Thursday during an All-Hands meeting that the SmartNews team was present …
Read More »Tesla has continued to reduce prices, this time by as much as 20%
In an effort to boost demand, Tesla has once again reduced the price of its EVs, this time only for American customers. This is at least the fourth occasion in recent months that the automaker has issued credits or discounts on its cars. When Tesla announced price discounts of up …
Read More »Why a Mercedes-Benz charging network is necessary now
You’ll probably make the time to visit a specialized service facility when it’s time to have your Rolex serviced. Similarly, you won’t let the neighborhood shoe shiner fix the red bottoms on your Louboutins. Why then should your premium EV be required to use any plebeian charging network? Mercedes-Benz is …
Read More »