Secures

Powertrain tech specialist Vitesco Technologies (formerly a Continental business unit) says it has successfully concluded a new €800 million revolving credit facility (RCF) with ESG-Link. By coupling the line of credit with a sustainability component, the credit margin is also linked to the degree to which two sustainability criteria are met. These include the reduction of greenhouse gas emissions and the frequency of…

Juul Labs Inc. has secured a cash infusion from some of its early investors to stave off bankruptcy and plans to lay off about a third of its global staff, company officials said.The embattled e-cigarette maker had been preparing for a possible chapter 11 filing amid a dispute with federal regulators over whether its products can remain on the U.S. market. With the new infusion, Juul told employees Thursday that it has stopped its bankruptcy preparations and is working on a cost-cutting program.…

Colorado’s first Black-owned and Black woman-led venture capital firm recently partnered with the state  with the goal of expanding access to capital to diverse entrepreneurs. The New Community Transformation Fund – Denver received $5 million from the Colorado Venture Capital Authority in the fund’s first closing round. Launched in July, the fund aims to invest in early- to mid-stage businesses owned and operated by entrepreneurs of color. “We understand that great investments recognize undervalued, underleveraged,…

The Chinese smartphone market is the biggest one in the world and according to IDathe steady decline trend continues throughout Q3 this year. Total shipments fell 11% year-over-year with 71.3 million units sold. However, the premium segment sees a modest 1.9% increase for the same period, taking a 22.4% share. The top five companies selling smartphones in the country are vivo, Honor, Oppo, Apple and Xiaomi. As you can see, Apple is the only non-Chinese company on the list. But despite vivo's impressive performance,…

This content was produced in partnership with Dashlane. Picture this: You’re trying to log in to a service, but you forgot your username because it’s unique and doesn’t use your email address. Unfortunately, you don’t remember your password either. First, you’ll need to recover your username and then go through the motions to change your password. But here’s the thing: After you log in with your new password, there’s no guarantee you’ll remember it again a day later or longer. There should be a better way to manage…

New Delhi: Dream Sports-backed non-fungible token (NFT) marketplace, Rario, has received an equity…

ClevX has developed a new self-encrypting drive (SED) platform that does not depend on host hardware as well as the operating system and can be deployed within a matter of minutes. ClevX DataLock BT Secured can be applied to almost any internal or external solid-state drive or hard disk drive. All it needs is a small chip, a Bluetooth antenna, software from ClevX, and a modern smartphone. The platform can even ensure that a drive can be unlocked only in select geolocations. While ClevX's DataLock BT Secured provides very…

American EV startup Canoo is at it again, fighting off the naysayers and possibly collection agencies by announcing yet another massive binding order for its Lifestyle Delivery Vehicle. Canoo’s latest order comes from work-ready rental van company Kingbee, who has already committed to purchasing 9,300 LDVs with the potential to double that order up to 18,600 units. Canoo ($GOEV) is an LA-based EV startup founded in 2017 that continues to lay its own railroad tracks a car-length ahead of itself as its business…

TeslaOn Wednesday, Tesla closed a deal with Emergency Safety Solutions (ESS) to implement ESS' Hazard Enhanced Location Protocol (HELP) technology in its cars. The tech is designed to help prevent Tesla vehicles from crashing into vehicles that are pulled over on the side of the road.  Tesla will deploy HELP on a wide range of Tesla vehicles via over-the-air software updates. The implementation will initially be limited to vehicles in North America. Since HELP is software-based, it will use the existing vehicle…

Having understood the importance of the local semiconductor supply chain for long-term homegrown microelectronics industry development, the Japanese government kicked off a program to subsidize local chipmakers. On the heels of its $680 million subsidy for Kioxia and Western Digital in July, the Japanese govt announced plans to support Micron's Hiroshima operations with ¥46.5 billion ($320 million). This cash infusion might help Micron bring extreme ultraviolet (EUV) lithography to Japan.Micron will receive the funding…