In a sandy industrial lot outside Reno, Nevada, rows of battery packs that once propelled electric vehicles are now powering a small AI data center. Redwood Materials, one of the US’s largest battery recycling companies, showed off this array of energy storage modules, sitting on cinder blocks and wrapped in waterproof plastic, during a press…
Venture capitalists have always focused on investing in companies that leverage technology to either disrupt established industries or create entirely new business categories. But some VCs are starting to flip the script on their investing styles. Rather than funding startups, they are acquiring mature businesses –such as call centers, accounting firms, and other professional service […]
Amazon-owned autonomous vehicle company Zoox has issued its second voluntary software recall in a month, following a collision between one of its robotaxis and an e-scooter rider in San Francisco on May 8. The latest incident involved an unoccupied Zoox vehicle operating at low speed, which the company says was struck by the e-scooter after […]
The idea of becoming a real estate investor for as little as $5 may seem too good to be true. And for many users of Landa, a proptech company that promised just that — it has been. Landa emerged from stealth in August 2022, announcing a total of $33 million in funding and a pledge […]