Tesla’s Megapack powers its small, but growing energy storage business

Tesla’s  energy storage business picked up steam in the second quarter and even played a minor role in the company’s fourth consecutive quarter of profitability, according to earnings reported Wednesday. Commercial and residential energy storage sales as well as solar are still mere slices of Tesla’s overall business, which is largely dominated by automotive. However, second-quarter … Continue reading Tesla’s Megapack powers its small, but growing energy storage business Continue Reading →

Singaporean startup Partipost gets $3.5 million to let anyone become an influencer

Partipost, a Singapore-based marketing startup that lets anyone with a social media profile sign up for influencer campaigns, has raised $3.5 million in new funding. The round was led by SPH Ventures, the investment arm of publisher Singapore Press Holdings, with participation from Quest Ventures and other investors. The funding will be used to grow … Continue reading Singaporean startup Partipost gets $3.5 million to let anyone become an influencer Continue Reading →

Missfresh racks up $495 million in funding as China’s e-grocery booms

The COVID-19 lockdown around the world introduced online grocery to many shoppers for the first time, boosting an industry that had long drawn skepticism. In China particularly, the older generations often worry about buying perishable food without scrutinizing them in person. Still, venture investors are bullish on the future of online grocery. One beneficiary is … Continue reading Missfresh racks up $495 million in funding as China’s e-grocery booms Continue Reading →

Electric-bike maker Cowboy raises $26 million

Cowboy has raised a $26 million (€23 million) Series B funding round from Exor Seeds, HCVC, Isomer Capital, Future Positive Capital and Index Ventures. The startup has been manufacturing premium electric bikes and selling them directly to consumers around Europe. The company recently released the third generation of its flagship bike, which is all about refinements and iterating … Continue reading Electric-bike maker Cowboy raises $26 million Continue Reading →

Flipkart buys Walmart’s India wholesale business to reach mom and pop stores

Flipkart  said on Thursday it is launching a wholesale marketplace to serve small and medium-sized businesses and neighborhood stores in India, entering an increasingly crowded space that has attracted several players including India’s largest physical retail chain (Reliance Retail), Lightspeed-backed Udaan, Amazon, and Facebook in recent years. To launch the wholesale marketplace, called Flipkart Wholesale, the … Continue reading Flipkart buys Walmart’s India wholesale business to reach mom and pop stores Continue Reading →

Amazon now sells auto insurance in India

Amazon’s  India business said on Thursday it has begun offering auto insurance to cover two and four-wheeler in the country, marking American giant’s first foray into this financial services category globally. The e-commerce giant said it had inked a deal with Mumbai-headquartered Acko General Insurance  to offer customers car and motor-bike insurance. Amazon is also an investor in Acko. … Continue reading Amazon now sells auto insurance in India Continue Reading →

Model reveals why slicing a tomato works better than dicing

Model of gel-cutting reveals why slicing is better than dicing. If you’re anything like me, you have a set of kitchen knives so dull that you could swap the handle and the blade with no noticeable effect on your fingers. And yet these knives will still cut—you just have to saw away at that soft … Continue reading Model reveals why slicing a tomato works better than dicing Continue Reading →

Things are starting to get interesting at SpaceX’s Starship factory in Texas

For now, SN5 is still alive. A little less than two months have passed since SpaceX unexpectedly destroyed its latest Starship prototype in South Texas. Shortly after a static-fire test of this vehicle in late May, dubbed Serial Number 4 or SN4, an issue with the ground systems prompted a dramatic explosion, destroying the large vehicle and … Continue reading Things are starting to get interesting at SpaceX’s Starship factory in Texas Continue Reading →

AT&T claims a phone made in 2019 will stop working, urges users to upgrade

AT&T email about phone shutoffs was so confusing some users thought it was a scam. AT&T is sending emails to customers warning them that their phones will stop working soon and that they should buy a new phone to continue getting data and voice service. But the email is misleading because these older phones will … Continue reading AT&T claims a phone made in 2019 will stop working, urges users to upgrade Continue Reading →

Want a boxy SUV that runs on batteries? Check out the Twisted NAS-E

Twisted claims 200 miles of range, but beware, it’s not going to be cheap.      American automotive anglophilia appears to focus mainly on the Land Rover Defender these days. Used examples of these utilitarian imports command asking prices that rival the similarly agricultural G-wagen but without the veneer of hip-hop video stardom, far outstripping what you’d pay … Continue reading Want a boxy SUV that runs on batteries? Check out the Twisted NAS-E Continue Reading →