Gothenburg, Sweden-based electric vehicle innovator Polestar (Nasdaq: PSNY) has secured a $200 million equity investment from PSD Investment Limited, a long-time backer and an entity controlled by Eric (Shufu) Li, founder and chairman of Geely Holding Group. The strategic capital injection will be used in Polestar’s growth trajectory as it scales up operations, launches new…
TOKYO — Japan’s struggling Nissan is considering raising more than 1 trillion yen ($7 billion) from debt and asset sales, which would include a syndicated loan guaranteed by the UK government, Bloomberg News said on Wednesday. FUNDRAISING Cars are pictured on display at the headquarters building for Japanese automaker Nissan in Yokohama on May 13,…
Faume has raised 8 million euros (about $9.1 million) to support the European expansion of its resale platform for premium and luxury fashion brands. The platform currently supports 45 French brands and aims to support 150 brands across Europe within four years, starting with expansion in the U.K. and Italy, Faume said in a Thursday…
Outzidr, an emerging D2C fashion startup focused on Gen Z consumers, has raised Rs 30 crore (approximately $3.5 million) in a seed funding round led by Stellaris Venture Partners. The round also saw participation from angel investors, including Ramakant Sharma, co-founder of LivSpace, and Ghazal Alagh, co-founder of Honasa Consumer, the parent company of Mamaearth….
Crossmint has raised $23.6 million to continue expanding its solutions that help companies and developers build blockchain applications. The company’s platform enables users to build blockchain applications with a few lines of code and deploy wallets, tokenization, payments, onchain credentials and other building blocks for apps, Crossmint said in a Tuesday (March 18) press release. The…
SYRACUSE, N.Y. — As Governor Kathy Hochul’s proposed bell-to-bell ban on cell phones in schools looms, Syracuse parents and educators are weighing in on the potential impact. The ban, set to take effect next school year, aims to enhance youth mental health and academic focus by limiting digital distractions. New parents Autumn Simard and Aaron…
President Donald Trump ripped into Republican Congressman Thomas Massie of Kentucky on Monday night over opposition to a bill to continue funding the U.S. government. Newsweek reached out for comment to Massie’s office via email late Monday night. Why It Matters Republicans are attempting to pass a Trump-endorsed “clean” temporary funding bill, or continuing resolution…
As federal funding cuts put the US at risk of losing its long-held scientific leadership, China launched an all-out innovation offensive – turbocharging its R&D budget to unprecedented levels, attracting top-tier global talent, and executing a systematic strategy to dominate the technologies of the future. These disruptive technologies include AI, humanoid robotics, and 6G-enabled communication…
China’s electric vehicle (EV) manufacturer BYD plans to raise $5.2 billion in a new share sale that would be the biggest such offering in Hong Kong in four years, Bloomberg News reported on Monday, citing the terms of the placement. The share sale will also be BYD’s largest raising of funds since the company was…
Annual grants of HK$2,500 (US$321) for each of the nearly 800,000 students in Hong Kong will be cut, while spending on public universities will be slashed by HK$2.8 billion over the next three years, leaving parents unhappy about the way the government opted to tighten its belt. In an unprecedented move, the government also said…