TechNode

NOVEMBER 9, 2023

Chinese electric vehicle maker Human Horizons is reportedly in discussions with the Public Investment Fund, Saudi Arabias sovereign wealth fund, to secure at least $250 million at a valuation of $3 billion, according to Bloomberg sources. billion with the six-year-old automaker.

Saudi Arabia 52

Saudi Arabia Fund Report Government 52

The Verge

JULY 26, 2021

Funding for electric vehicle startups was much harder to come by in 2016 and 2017, though, especially as some of them — like Faraday Future — began collapsing in remarkably public fashion. Jia’s ownership became a major problem for potential investors because of his reluctance to sell, as Recode and The Verge have reported.

Saudi Arabia 90

Saudi Arabia Public Fund Arizona 90

The Verge

SEPTEMBER 9, 2020

The Lucid Air was supposed to go into production in 2018, but the company ran into trouble lining up funding required to build its planned $700 million factory in Arizona. It spent much of 2017-2018 languishing until Saudi Arabia’s Public Investment Fund came along. And it will benefit Saudi society.”.

Saudi Arabia 110

Saudi Arabia Classes Arizona Alexa 110

TechCrunch

MAY 5, 2022

The company announced Thursday alongside its first-quarter earnings report that it was raising prices of the variants of its luxury Air sedan, beginning June 1. The company also noted that it recently signed a deal in which the government of Saudi Arabia committed to purchase up to 100,000 electric vehicles from Lucid over the next 10 years.

Saudi Arabia 97

Saudi Arabia Raise Files Ukraine 97

TechCrunch

FEBRUARY 28, 2022

However, after the company reported its results, its shares fell, erasing 10.8% Lucid is also building a new manufacturing facility in the Kingdom of Saudi Arabia that it expects to finish by 2025. The company estimates the Saudi plant could bring in up to $3.4 Investors expected Lucid to report revenues of $36.74

Saudi Arabia 98

Saudi Arabia Goal Product Yahoo 98

TechCrunch

OCTOBER 7, 2021

The acquisition comes after the company’s latest $175 million Series D round from SoftBank’s Vision Fund 2 in May. Riiid has said it will continue to fuel its global expansion with the funding. . year on year, based on a report by Yano Research Institute. . The Japanese remote learning industry was estimated at $2.6

Japan 104

Japan South Korea Saudi Arabia Vietnam 104

TechNode

DECEMBER 18, 2023

billion capital injection, as the Abu Dhabi-controlled fund raised its bet on the Chinese electric vehicle maker following a $1.1 Saudi Arabias Ministry of Investment is set to invest $5.6 Li told Chinese reporters on Dec. NIO said on Monday that it had signed a share subscription agreement with CYVN Holdings for a $2.2

United Arab Emirates 52

United Arab Emirates Saudi Arabia Fund Government 52

TechCrunch

MAY 17, 2021

Per a recent report by Bain & Co., The funds will be used for those causes, as well as expanding operations across Africa, MENA and the GCC. This is the main target for us now and also to start operations in Saudi Arabia.” e-commerce is expected to grow to $28.5 billion in MENA by 2022 from a 2019 value of $8.3

Africa 99

Africa Saudi Arabia Egypt Business 99

TechCrunch

FEBRUARY 23, 2021

The combined company, in which Saudi Arabia’s sovereign fund will continue to be the largest shareholder, will have a transaction equity value of $11.75 The announcement comes more than a week after Bloomberg, citing unnamed sources, reported a deal was close to being finalized. billion in total funding to Lucid.

Public 99

Public Saudi Arabia North America Arizona 99

TechNode

FEBRUARY 5, 2024

The Shanghai-headquartered company in June signed a letter of intent with Saudi Arabias Ministry of Investment for setting up a joint venture to make EVs in the Gulf country as part of a $5.6 billion deal. Caixin, in Chinese ]

Saudi Arabia 52

Saudi Arabia Job Report Knowledge 52

TechCrunch

AUGUST 21, 2023

The outfit didn’t provide a projected share price in its F-1 paperwork, but SoftBank recently bought the 24.99% stake in Arm that it didn’t own outright from its Vision Fund unit, reportedly at a valuation of more than $64 billion. billion into WeWork both directly and via its Vision Fund arm.

Saudi Arabia 75

Saudi Arabia Files Companies License 75

TechCrunch

JUNE 28, 2022

The last time we covered Vezeeta was in 2020, when it raised $40 million in Series D funding (the joint largest single healthtech round in Africa alongside Reliance Health ) from Gulf Capital and Saudi Technology Ventures (STV). Other platforms globally, as reported by Layoffs.fyi , include the likes of PharmEasy, Sami and Truepill. .

Saudi Arabia 82

Saudi Arabia Egypt Africa Personal 82

TechCrunch

OCTOBER 31, 2022

Circle of friends : Egyptian fintech Money Fellows banked $31 million in new funding to, what Tage describes as, “digitizing money circles,” which is where people essentially save and borrow together as a group. million to date, Ivan reports. Startups and VC. The event is embedded here and is both free and very worth watching.

Saudi Arabia 87

Saudi Arabia Saba UAE Twitter 87

TechCrunch

MAY 30, 2022

alone according to reports. SWVL is present in 13 markets globally: the UAE, Egypt, Kenya, Germany, Spain, Italy, Switzerland, Turkey, Japan, Argentina, Saudi Arabia, Jordan and Pakistan. – Provident Fund, Gratuity & Leave encashment other legal payments. Over 15,000 tech workers have lost their jobs in the U.S.

Team 104

Team Public Saudi Arabia Egypt 104

TechCrunch

MARCH 27, 2022

On March 25, PitchBook released its 2021 Annual Fintech Report , which found that the fintech industry raised $121.6 Alex and I will be doing a deep dive on that report next week, but it’s a nice lead-in to what I’m examining today. There has been much talk as of late of a slowdown in venture funding.

Technology 96

Technology Saudi Arabia Fund Paypal 96

The Verge

JULY 9, 2020

Fisker has taken in $50 million of fresh capital from “hedge fund king” Louis Bacon and Karma Automotive has raised $100 million from undisclosed “outside investors.”. and Apollo Global Management was first reported by Reuters. Though in the case of Lucid Motors, the startup had to give up majority control to Saudi Arabia.

Raise 80

Raise Saudi Arabia Los Angeles Public 80

TechNode

FEBRUARY 19, 2024

Chinese electric vehicle maker Human Horizons will suspend production for at least six months and furlough its employees in an attempt to keep the company going as it looks for new funding, local media has reported. A company representative denied the report, without elaborating, according to Caixin. billion deal.

Saudi Arabia 52

Saudi Arabia Contest Comparison Europe 52

TechCrunch

NOVEMBER 9, 2021

The difference is that people and governments are pushing corporations and funds toward net-zero, and this movement is not going away. The climate tech funding stack is still lacking in parts, but things are trending upward, with a new climate tech fund or SPAC seemingly announced every week. ” Money wants green.

Tech 75

Tech Saudi Arabia Pledge Green 75

The Verge

MAY 15, 2020

Formula E is backed by a consortium of big investors (including Liberty Media and Discovery Communications), and it signed a 10-year deal with Saudi Arabia to perform races there. It has now mostly trimmed its losses each season as the series switched its main source of funding from capital investment to sponsorships and race revenue.

Saudi Arabia 65

Saudi Arabia Files Profit Rate 65

TechCrunch

OCTOBER 1, 2021

One study conducted in a hospital in Saudi Arabia surveyed 37 families with children who were using eye patches to treat amblyopia. Those results were published in “Scientific Reports.” million in funding, per Crunchbase. . There’s some evidence that lazy eye treatments are hard to stick with.

Personal 92

Personal Saudi Arabia Studies Chart 92

TechCrunch

MARCH 22, 2022

As TechCrunch has reported on extensively, the number of startups tackling corporate spend and expense management continues to grow. On Monday, we reported on Ramp raising $200 million and securing $550 million in debt at an $8.1 In the short term, it’s eyeing Southeast Asia, and potentially Saudi Arabia and Africa.

Raise 98

Raise Saudi Arabia Mexico Colombia 98

TechCrunch

AUGUST 28, 2022

This will include everything from funding rounds to trends to an analysis of a particular space to hot takes on a particular company or phenomenon. TC’s Sarah Perez reports that “ PayPal is expanding further into the charitable donations business with its August 25 launch of support for Grant Payments. Fundings and M&A.

United Arab Emirates 96

United Arab Emirates San Francisco Saudi Arabia Paypal 96

TechCrunch

OCTOBER 27, 2022

The reasons were unclear, as both parties didn’t publicly comment on the situation; however, from various local news outlets, they ranged from mismanagement of funds to failure to report to the board and work out a potential merger, as well as internal disagreements over management methods. Founders versus investors.

Egypt 81

Egypt Saudi Arabia Mauritius Linkedin 81

TechCrunch

APRIL 27, 2023

Funding Societies , the SoftBank Vision Fund II-backed SME digital lending platform, recently launched a shariah-compliant financing product there, and now offers it as the default product to all its Malaysian customers. Meanwhile in Malaysia, where 61.3% out of its 33.6 All losses and profits are shared pro rata, Martin explained.

Indonesia 98

Indonesia Malaysia Asia Profit 98

The Verge

OCTOBER 7, 2021

Amazon purchased some 26 percent of the 576 million shares Rivian offered during its Series A through F funding rounds (which spanned from February 2019 to January 2021). Amazon has bought 26 percent of Rivian shares sold since its Series A funding round. billion from Amazon, Ford, T. Rowe Price, and Mannheim Investments.

Files 88

Files Influence Amazon Illinois 88

Engadget

FEBRUARY 19, 2025

The company raised additional funding at a $9 billion valuation back in 2021. There are around 80 million monthly users as numbers reported midway through last year, but that's a steep decline from the game's peak of 232 million active players. Niantic also has not been immune to the broad layoffs affecting the games industry.

Saudi Arabia 87

Saudi Arabia Game Develop Fund 87

TechCrunch

MAY 25, 2022

million seed investment from A15; this brings its total funding raised from the VC firm to $3 million since its launch in 2018. According to reports, there’s a growing mental health crisis among MENA populations where 35% are experiencing frequent stress, 29% are suffering from depression, and obesity records new highs among adults.

Saudi Arabia 98

Saudi Arabia Platform Bahrain Kuwait 98

TechCrunch

AUGUST 11, 2023

Twitter blocks links to Threads Twitter CEO Linda Yaccarino is pushing back at reports that Twitter traffic is tanking as a result of the July 5 launch of a new competitor, Instagram Threads. These read limits impacted TweetDeck users in particular, reporting major problems including notifications and entire columns failing to load.

Twitter 86

Twitter API Policy Platform 86

Cloud 4 Good

MAY 3, 2022

With streamlined reporting, EFE can now provide more individualized support to the youth they serve while also allowing the organization to perform data quality checks quickly and efficiently to inform continual configuration. . “We It’s been a real game-changer for us.

Africa 59

Africa United Arab Emirates Saudi Arabia Support 59

TechCrunch

MAY 2, 2022

Populus is partnering with cities and operators like Bolt , Tier and Voi in a European Union-funded, data-sharing initiative that will measure carbon reductions of micromobility. ” It’s unclear where the remaining funds needed in the $44 billion deal will come from. Much of Musk’s fortune is tied up in Tesla stock.

Share 89

Share Los Angeles Saudi Arabia North America 89

Fast Company Tech

APRIL 4, 2025

At North Carolina State University, two students from Saudi Arabia left the U.S. Since returning to Saudi Arabia, Vasto said his former roommate’s top concern is getting into another university. In some cases, students were targeted for infractions that had been previously reported to the government.

Student 86

Student International Saudi Arabia North Carolina 86