Pavegen, which harvests energy and data from footsteps, secures crowd and Hinduja Group funding

Pavegen, a UK startup which harvests energy from people’s footsteps and also tracks that data, has raised £2.6m on its crowdfunding push having doubled its initial £950k target. The campaign secured funds from over 1,400 investors, including partnership and anchor investment from major global engineering conglomerate Hinduja Group and family investment firm Tamar Capital. The […]

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Toronto Raptors founder brings Bird scooters to Canada as a platform partner

Bird’s somewhat weird but also very clever global expansion model is to let others handle it, and one of those others is bringing their service online this month. Bird Canada, which is a wholly Canadian-owned company entirely distinct from Bird, will begin offering on-demand electric scooter rental service in Alberta this month, with plans to […]

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Warburg Pincus announces new $4.25 billion fund for China and Southeast Asia

Warburg Pincus, the private equity fund with over $60 billion under management, is doubling down on Asia after it announced a $4.25 billion fund dedicated to China and Southeast Asia. The firm has been present in China for 25 years, and it has invested over $11 billion in a portfolio of over 120 startups that […]

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TransferWise’s new debit card for the US fires the starting gun on a new war for travelers

International money transfer service TransferWise, has made a significant incursion into the US market today, launching a MasterCard debit card alongside a multicurrency account. Mirroring the card it has already launched in the UK and Europe last year, the card will work in over 40 currencies without balance limits, and conversion fees will be competitive […]

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NSA improperly collected Americans’ phone records for a second time, documents reveal

Newly released documents reveal the National Security Agency improperly collected Americans’ call records for a second time, just months after the agency was forced to purge hundreds of millions of collected calls and text records it unlawfully obtained. The document, obtained by the American Civil Liberties Union, shows the NSA had collected a “larger than […]

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EU opens formal antitrust probe of Broadcom and seeks interim order

The European Commission has opened a formal investigation into US chipmaker Broadcom which it suspects of restricting competition via a number of exclusivity practices in markets where it holds a leading position such as for systems-on-a-chip, front-end chips and wifi chipsets. Earlier this year press reports suggested US authorities are broadening their own antitrust probe […]

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Huawei says two-thirds of 5G networks outside China now use its gear

As 5G networks begin rolling out and commercializing around the world, telecoms vendors are rushing to get a headstart. Huawei equipment is now behind two-thirds of the commercially launched 5G networks outside China, said president of Huawei’s carrier business group Ryan Ding on Tuesday at an industry conference. Huawei, the world’s largest maker of telecoms […]

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The changing nature of venture capital

The venture industry is likely to consolidate significantly in the next decade as funding confers greater advantage to large venture investors.

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Peter Thiel-backed auto commerce startup Drive Motors has a new name and $5M in capital

Not that long ago, visiting the website of an auto dealership was a little like going to a store without a cash register. The retailer’s website might list all the cars, trucks and SUVs in its inventory, but there would be no way to actually buy one online. A digital commerce startup called Drive Motors […]

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Why eVTOLs could be providing regional air service sooner than you think

At Uber’s Elevate summit in Washington, DC earlier this month, researchers, industry leaders and engineers gathered to celebrate the approaching advent of on-demand air service. For Dr. Anita Sengupta, co-founder and Chief Product Office at Detroit’s Airspace Experience Technologies (abbreviated ASX), it was an event full of validation of her company’s specific approach to making […]

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