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Tesla’s reportedly shipped early Model S cars with leaky battery packs

The Verge

Tesla’s earliest Model S electric sedans shipped with a flawed battery back design that was prone to coolant leaks which could lead to fires, according to Business Insider. The company has made multiple changes to the Model S over the years to reduce the risk of fires, though. The agency closed the investigation in 2014.)

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reMarkable, maker of a focus-friendly e-paper tablet, says it closed funding at a $1B+ valuation after selling 1M devices

TechCrunch

Hardware, as the saying goes, is hard; but there remains an opportunity for startups that focus on specific niches to build viable businesses. The company’s business model was originally banked around selling hardware, which today is used by “hundreds of thousands” of active users. 42 million. EBITDA *. $31

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Sweden-based digital bank Northmill raises $30M

TechCrunch

Next stop, Norway. As it stands, 2006-founded Northmill is available in Sweden, Norway and Finland, where it competes with incumbent banks with physical branches and the likes of Lunar, Revolut and Klarna (which operates as a bank in its home country of Sweden, and Germany).

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Tillit, a fintech offering buy now, pay later for B2B purchases, is closing in on investment from Sequoia

TechCrunch

million round in the Oslo, Norway-based company, alongside seed investors LocalGlobe and Visionaries Club. Most recently, the firm led a $20 million round in Xentral , a German startup that develops enterprise resource planning software covering a variety of back-office functions for online small businesses.

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Oda, the Norwegian grocery delivery startup, raises a fresh $151M, but at a lowered valuation of $353M

TechCrunch

Online grocery delivery, a booming business at the height of the COVID-19 pandemic, has definitely come down to earth with the shifts in the economy, public health and technology investing. Rohlik in the Czech Republic, Picnic in the Netherlands and Everli in Italy — says that its Norway operations are profitable. “In

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Volkswagen plans to stop selling combustion engine vehicles in Europe by 2035

The Verge

Klaus Zellmer, Volkswagen’s board member for sales, told the newspaper that the company would “exit the business with internal combustion engine cars in Europe between 2033 and 2035.” In the US, California plans to ban the sale of gas-powered vehicles by 2035, with several other states adopting California’s model.

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Ford says it will go all-electric in Europe by 2030

The Verge

Ford aims to deliver more than 600,000 European vehicles using the MEB architecture over six years, with a second all-new Ford model for European customers under discussion. The move would help Ford comply with European government mandates that push electrified vehicles and strict emissions standards.

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