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Tata will soon start making potato chips in India, says President Natarajan Chandrasekaran

Within a few years, the Tata Group would consider producing its own chipsets in India, the business has said. Tata Sons Chairman Natarajan Chandraseka

Within a few years, the Tata Group would consider producing its own chipsets in India, the business has said. Tata Sons Chairman Natarajan Chandrasekaran reportedly stated in a recent report by Nikkei Asia that the company was in talks with several players seeking partnerships with current chip producers. Tata has already announced a partnership with Tokyobased Renesas Electronics in June this year, noted the report, which is based on semiconductor design and development. Chandrasekaran mentioned in the interview that the company has set up Tata Electronics, under which we are going to set up a semiconductor assembly testing business. He continued by saying that the organisation is aiming to start up new firms in developing industries, such as electric vehicles EVs. Read More..

B2B Tech News | 2 years ago          

Lendingasaservice fintech AltScore closes $3.5 million initial round

In a seed fundraising round led by Far Out VC and including Caffeinated Capital, Techstars, Unpopular Ventures, Kamay Ventures, BuenTrip Ventures, Lor

In a seed fundraising round led by Far Out VC and including Caffeinated Capital, Techstars, Unpopular Ventures, Kamay Ventures, BuenTrip Ventures, Lorimer Ventures, and CompuSoluciones Ventures, the Ecuadorian fintech AltScore raised $3.5 million.  A B2B embedded credit infrastructure platform called AltScore enables any Latin American corporation to incorporate and implement credit solutions. Innovative underwriting, alternative data and scores, and additional lendingasaservice modules are all available. Businesses can improve customer retention and LTV by using AltScore. AltScore relocated its headquarters to Mexico, where it would focus its business. Customers of the business are located throughout South, Central, and North America. Nearly the past year, AltScore saw a 34% CMGR and over 10x rise in revenue YoY. Read More..

B2B Tech News | 2 years ago          

Korean companies are planning a more than $4 billion battery factory in Georgia

In order to develop a new plant northwest of Atlanta that would provide electric batteries for Hyundai and Kia electric vehicles built in the United S

In order to develop a new plant northwest of Atlanta that would provide electric batteries for Hyundai and Kia electric vehicles built in the United States, Hyundai Motor Group and a South Korean battery manufacturer have announced a joint investment of $4 billion to $5 billion in Georgia. The news was announced on Thursday by Hyundai and SK On, a branch of the SK Group in Korea. The plant, which would be situated just west of Cartersville, would start producing in 2025 and have a 3,500person workforce. As the auto industry transitions to electric vehicles, another electric battery plant is being built. Read More..

B2B Tech News | 2 years ago          

Sen, Londonbased creators of UHD planetary imagery streams of Earth, raises £2m

The first satellite to offer a highdefinition video feed of our beloved planet departed Cape Canaverals SpaceX commercial launch facility in January.Â

The first satellite to offer a highdefinition video feed of our beloved planet departed Cape Canaverals SpaceX commercial launch facility in January. Sen, a Londonbased business, celebrated the achievement using the cameras on the ETVAI spacecraft, the first satellite in its constellation project, which was launched on a SpaceX rideshare about 11 months ago. The technology is anticipated to empower humanitarian relief workers and enable them to lead responses to natural disasters on a truly global scale. A total of 100 satellites are envisaged. There would be four cameras on each satellite, calibrated with different spatial resolutions to cover continents, oceans, regions, and cities. Read More..

B2B Tech News | 2 years ago          

Vehicle financing startup Moove raises $30 million in debut sukuk

Moove, a Nigerian company that provides revenuebased vehicle finance, announced on Thursday that it is raising $30 million in a private placement Isla

Moove, a Nigerian company that provides revenuebased vehicle finance, announced on Thursday that it is raising $30 million in a private placement Islamic bond launch. Moove, which began in India and London this year, stated that it wants at least 60% of the vehicles it loans to be electric. Moove predicts that this fleet of EVs would contribute to a reduction of over 5,000 metric tonnes of carbon dioxide emissions each year, helping cities like Dubai meet their ambitious Net Zero ambitions, Ladi Delano, its cofounder and cochief executive, said in a statement. Read More..

B2B Tech News | 2 years ago          

60,000 Australian crypto accounts in limbo on two admin exchanges

With the demise of two exchanges, Brisbanebased Digital Surge and the Australian division of Sam Bankmanbankrupt Frieds behemoth, 60,000 Australian cl

With the demise of two exchanges, Brisbanebased Digital Surge and the Australian division of Sam Bankmanbankrupt Frieds behemoth, 60,000 Australian clients are now impacted by the crypto crunch, which has continued to have a negative impact on enterprises in the industry after the collapse of FTX. The voluntary administrators of FTX Australia Pty Ltd and FTX Express Pty Ltd stated in an update today that obtaining the information required to identify the specific positions of affected clients was their top priority. Read More..

B2B Tech News | 2 years ago          

South Korean gaming giant WeMade is looking to buy back tokens after delisting Saga

WeMade, a South Korean video game juggernaut, founded the Web3 gaming network WeMix, which recently revealed plans to buy back and burn $10 million wo

WeMade, a South Korean video game juggernaut, founded the Web3 gaming network WeMix, which recently revealed plans to buy back and burn $10 million worth of WeMix and WeMix Classic tokens. The move was made in response to the delisting of the token from four South Korean cryptocurrency exchanges, Upbit, Bithumb, Coinone, and Korbit, as a result of a disparity between the number of tokens in circulation and what was stated by WeMix. To maintain token pricing, tokens obtained through the buyback procedure will be moved to a dead wallet. According to data from CoinMarketCap, the price of WeMix fell by 80% from roughly US$1.50 before the delisting news to US$0.3 right now. Read More..

B2B Tech News | 2 years ago          

9fin Raises $23M Series A+ to Accelerate Growth Plans in North America

With participation from current investors Redalpine, AI Seed, Seedcamp, 500 Startups, and Ilavska Vuillermoz Capital, 9fin, an analytics platform for

With participation from current investors Redalpine, AI Seed, Seedcamp, 500 Startups, and Ilavska Vuillermoz Capital, 9fin, an analytics platform for the debt capital markets, today announced a $23 million Series A+ round. Spark Capital, a new investor, served as the rounds lead investor. Alex Finkelstein, general partner of Spark Capital, will join the board of 9fin. The additional funding will be used to grow the 9fin team, increase its market share in the US, and introduce new asset classes to its offering. Read More..

B2B Tech News | 2 years ago          



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