Arrival, the electric vehicle maker trying to get rid of the assembly line in favor of highly automated microfactories, is partnering with Uber to develop an electric vehicle for hail drivers. The arrival is expected to announce the final vehicle design before the end of the year and production will begin in the third quarter … Read more
EQT Ventures, a Europe-based investment firm that has raised over EUR 1.2 billion (US $ 1.4 billion), announced it has promoted Laura Yao to partner. At the same time, the company announced that it had recently hired Anne Raimondi, former SVP of Operations at Zendesk, as an operational partner. The company is based in Stockholm … Read more
With the closing of its latest mutual fund, Norrsken VC is taking an unprecedented step to tie partner compensation to the positive changes the company’s portfolio companies are making around the world – and not just to their financial returns. The company, which published its 2020 Impact Assessment last week, has invested in companies that … Read more
Wise, the London-based company that has made a name for itself in international money transfers and is reportedly planning an IPO, has accused its former banking partner in Brazil of a “smear campaign” after it was accused of fraud – allegations that Wise referred to as ” false and false “denotes unfounded”. The war of … Read more
Luminar Technologies has deepened relationships with Volvo Cars to develop an automated driving system for highways and eventually sell it to other automakers. The partnership announced on Thursday is between Luminar and Volvo’s self-driving software subsidiary Zenseact. The two companies combine their technology to create what Luminar Founder and CEO Austin Russell calls the “Holistic … Read more
Andy Jassy, CEO of Amazon Web Services, speaks at re: Invent 2018. (GeekWire Photo) Andy Jassy will have big shoes to fill when he succeeds Jeff Bezos, CEO of Amazon, later this year. The Chicken Wing’s 53-year-old tech manager will also face a number of challenges – from labor problems to a sprawling empire of … Read more