Allie wants to layer intelligence on top of factory floors

September 19, 2023
Factory downtime is an expensive problem. According to one estimate, it costs enterprise companies 11% of their yearly turnover, amounting to almost $1.5 trillion each year. That works out to about $129 million per facility among Fortune 500 companies, over double what Fortune 500 companies reported paying in downtime in 2020. Part of the reason […]

Bird acquires Spin scooters from Tier for $19M

September 19, 2023
Shared micromobility company Bird has acquired competitor Spin from Tier for $19 million, including $10 million in cash, $6 million in a vendor take back and $3 million as a hold back. Tier had purchased Spin from Ford back in March 2022 to expand its presence in the U.S., but Tier has struggled to maintain […]

Apple’s Lisa Jackson explains how going carbon neutral by 2030 is good business

September 19, 2023
As the most valuable company in the world, Apple extends its massive footprint into every corner of industry that it touches. With that footprint comes a vast responsibility to conduct itself responsibly in terms of sourcing materials, labor and the energy necessary to ship well over two billion mobile devices on its course to becoming […]

Volvo will make its last diesel car in 2024

September 19, 2023
Volvo’s last diesel car will roll off the line “by early 2024,” the company said on Tuesday. The writing’s been on the wall for several years. As far back as 2017, the Geely-owned automaker indicated it would wrap up production of diesel cars by around now. A few years later, Volvo pledged to exclusively sell […]

Redwood Materials acquires European battery recycler in expansion push

September 19, 2023
Redwood Materials said Tuesday it acquired lithium-ion battery recycler Redux Recycling, a purchase meant to accelerate U.S. company’s expansion into Europe. This is Redwood’s second acquisition since former Tesla co-founder and CTO JB Straubel founded the battery materials and recycling startup in 2017. Last year, Redwood acquired a small UK recycling technology company. The company […]