Fintech startup Revolut is in talks to raise $500m from Softbank November 12, 2018 British fintech startup Revolut is raising a $500m (£389m) series D round from the likes of Japanese mega-investor Softbank, in order to fuel its aggressive expansion plans. Several sources have told City A.M. that the deal is set to close early next year, as Revolut tries to launch its banking app in the US, one of [...]
How e-scooters, self-driving cars, and flying taxis will shape the future of your commute February 10, 2020 An air of tranquility hangs about Stratford’s electric scooter riders. Their bodies are still, poised, as they glide by on this crisp February morning. I try to copy them and end up skidding along, struggling to figure out how to position my feet — but after a couple of wobbles I’m gliding too. As I [...]
Richard Branson’s Virgin Galactic tourist spaceship successfully touches the edge of the world in today’s test flight December 13, 2018 Rocket man and Virgin billionaire Richard Branson's commercial space programme successfully reached the edge of the world's atmosphere for the first time in its fourth test flight across the US today. The Virgin Galactic Spaceship Two rocket, which was carried up to a height of above 12,000 metres by a specially-designed plane before igniting its motors, reached [...]
Futuristic entrepreneurs are helping us reach for the stars March 11, 2019 Houston, there is no problem. America is back in the space race. “We’re really at the forefront,” says US President Trump. “Nobody is doing what we’re doing.” He’s right. But in a break with tradition, the US is now leaning on its entrepreneurs, rather than the Federal Reserve, to fund its interplanetary aspirations. The latest [...]
The high five: your guide to the most valuable start-ups June 13, 2019 It was the year of America’s 200th birthday, of a scorching heat wave in the UK followed by a huge sterling crisis, and it was the year that the only unelected president in US history, Gerald Ford, went down at the polls to the former Governor of Georgia, Jimmy Carter. Less remarked at the time [...]
Tesla boss says Saudis want to support buyback August 13, 2018 Elon Musk said today that he is in talks with Saudi Arabia’s Public Investment Fund (PIF) about taking Tesla private, but admitted that the exact sources of funding have not been confirmed. Musk said in a blog post that the PIF’s managing director had expressed “strong support for funding a going private transaction for Tesla” [...]
Tesla’s share price (TSLA) loses headwind as analysts cast doubt on Musk’s plans to take it private | City A.M. August 8, 2018 Tesla’s share price was down more than two per cent as markets opened in the US this afternoon, after analysts on Wall Street balked at its chief executive Elon Musk’s claims he could take the firm private. Trading was temporarily suspended yesterday following a string of tweets from Musk in which he said he was [...]
Dyson to manufacture its first electric car in Singapore October 23, 2018 British technology company Dyson has announced that it will set up a new site in Singapore for building its first electric car. The facility is expected to be completed by 2020, with the first cars being sold in 2021. Read more: Dyson plugs £200m into driverless cars UK technology campus Chief executive Jim Rowan said [...]
Tesla nearly hit its Model 3 goal of 5,000 cars a week, making it just a few hours after the June deadline passed July 2, 2018 Tesla almost reached its targets for Model 3 production last night, making it just a few hours after midnight passed yesterday morning in a reveal that boosted its share price by 4.5 per cent. CEO Elon Musk had previously said he wanted to reach total production numbers of 5,000 cars per week by the end [...]
The world’s first hyperloop train has been revealed and is due to launch next year October 3, 2018 The world’s first hyperloop capsule which promises to zip passengers around at airplane speeds has been revealed in Spain. The capsule, produced by HyperloopTT, will hold up to 40 passengers when it becomes operational in 2019. The system uses a system of frictionless magnetic cushions to propel capsules along underground low-pressure tubes at speeds of [...]