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Estonian mobility startup Bolt has secured a €220mn credit facility as it plans to go public next year. This type of financing is a more flexible loan option, which allows a business to withdraw and repay funds as needed, on an ongoing basis. Kind of like a credit card for companies. The credit facility provides Bolt “with additional flexibility as we work towards being IPO-ready,” CEO and founder Markus Villig said in a statement. Lenders including Barclays, Deutsche Bank, Goldman Sachs, and JPMorgan.
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The Next Web
World’s first gigawatt-scale floating solar power system launches off China’s eastern coast. The 1,223-hectare installation has annual output of 1.78 billion kilowatt-hours. China has expanded its renewable energy portfolio with a pioneering floating solar power installation in the Yellow Sea. The one-gigawatt facility, activated by state-owned utility CHN Energy, transforms unoccupied ocean space into a... Read more » Read more ›
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A Nvidia sales lead said in an email to colleagues that Musk's demand for chips was straining the company's supply chain, per The Wall Street Journal. Read more ›
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This November, save 74% off a 2-year plan and get 3 free months with our NordVPN discount code. Read more ›
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"And now I look across the table, and I just think, 'When am I going to have to change this guy's diaper?'" Teri Hatcher said. Read more ›
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Get 10% off a website or domain, on any plan, with this exclusive Squarespace promo code from WIRED. Save on your next big project this November. Read more ›
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Lava unveiled the Yuva 3 in February, and today, the brand announced the Yuva 4 as its successor. The Lava Yuva 4 comes with the Unisoc T606 SoC, 4GB RAM, up to 128GB storage, and Android 14. The Yuva 4 is built around a 6.56" HD+ 90Hz LCD and packs a 5,000 mAh battery with 10W charging support. For photography, you get an 8MP selfie camera on the front and... Read more ›
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No Man's Sky didn't get off to the smoothest of starts, but eight years after its controversial launch, Hello Games' exploratory space sim has reached a significant milestone, finally gaining enough favourable player reviews on Steam to shift its overall rating to "Very Positive". Read more Read more ›
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Meta CEO Mark Zuckerberg reportedly met with Trump, who previously threatened to jail the Facebook founder. Read more ›
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Luxury cobblers previously told BI that Taylor Swift may have sparked an interest in Louboutins among Gen Z after wearing them on the Eras Tour. Read more ›
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Traveling for the holidays doesn't have to mean leaving your favorite streaming channels at home. My go-to streaming stick gets a big discount for Black Friday. Read more ›
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Sleep experts at CNET have pushed the Helix Dusk Luxe to its limits. Read this review to see if it’s the right fit for you. Read more ›
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While the iPhone 17 Pro and iPhone 17 Pro Max are not expected to launch for 10 more months, there are already plenty of rumors about the devices. Below, we recap key changes rumored for the iPhone 17 Pro models so far: Aluminum frame: iPhone 17 Pro models are rumored to have an aluminum frame, whereas the iPhone 15 Pro and iPhone 16 Pro models have a titanium frame, and... Read more ›
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Marine biologists documented the never-before-confirmed behavior among orcas living in the Southern Gulf of California. Read more ›
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The UK's critical infrastructure still widely uses removable media, so how does it secure it? Read more ›
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The Miss Universe first runner-up, Chidimma Adetshina, earned Nigeria's highest-ever placement. She shared her tumultuous pageant journey with BI. Read more ›
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We've tested alarm clocks -- a whole collection -- to identify the best one to help kickstart your day. These are the best options. Read more ›
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Shares of fintech major Paytm jumped nearly 3% in early trading hours today (November 28) to hit a fresh 52-week… Read more ›
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Mark Zuckerberg. | The Verge | Photo by Tom Williams via Getty Images Meta CEO Mark Zuckerberg met President-elect Donald Trump for dinner at Mar-a-Lago on Wednesday. “It’s an important time for the future of American Innovation,” Meta spokesperson Andy Stone said in a statement shared with The Verge. “Mark was grateful for the invitation to join President Trump for dinner and the opportunity to meet with members of his... Read more ›
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The Next Web
Zurich-based startup Poncho has officially launched its weather insurance platform — and bagged some fresh funding to boot. Founded in 2023, the company aims to transform how the travel and hospitality industries handle unpredictable weather. Poncho’s tech integrates with booking systems, allowing customers to opt for weather protection at checkout. If bad weather, such as heavy rain or wind, occurs during their scheduled event or trip, a refund is processed... Read more ›
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Vertical Aerospace has been thrown a crucial lifeline, staving off potential bankruptcy at the cash-strapped air taxi startup. The UK-based company — which makes electric vertical take-off and landing (eVTOL) aircraft — secured the fresh funds from its largest creditor, American debt investor Mudrick Capital. The agreement, announced Monday, includes a $50mn cash injection and a substantial debt-to-equity swap. Mudrick will invest $25mn upfront and guarantee another $25mn in future... Read more ›
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Lithium-ion batteries have served us well, powering much of the modern world. However, today’s tech — everything from drones and EVs to the wretched Tesla cyber truck — demands denser batteries that charge faster and take you further. This push is driving scientists to conjure up new battery chemistries or refine old ones. Naturally, it is also spawning a new generation of startups looking to scale the next, best battery.... Read more ›
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Amsterdam-based startup Skytree is set to deploy its carbon-sucking machines on a newly announced carbon capture and storage project in Texas, US. Dubbed “Project Concho,” the $100mn Direct Air Capture (DAC) plant aims to initially vacuum up 30,000 tonnes of carbon from the atmosphere annually, eventually scaling to 500,000 tonnes. This carbon will be permanently stored underground, on site. The facility is set to enter operation in 2028, a Skytree... Read more ›
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Candela is flying high — and across the Atlantic. The Swedish startup has secured $14mn, marking the close of its Series C round at a cosy $40mn. This puts its total funding at just shy of $90mn. Candela has also sold its first P-12 ferry in the US, amid burgeoning demand for what is the world’s fastest and longest-range electric passenger vessel. FlyTahoe, the company that will operate the service,... Read more ›
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London-based startup Lighthouse just raised a hefty $370mn from American investment giant KKR at a valuation of over $1bn, making it Europe’s latest unicorn tech company. The funding will supercharge the company’s ambitions to shake up the $15bn travel tech market. What’s on the to-do list? Refining its AI tools, expanding globally, and snapping up competitors through mergers and acquisitions (it has already made four). Lighthouse’s platform crunches over 400... Read more ›
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Most popular sources
Business Insider
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26% 3 |
Tech Wire Asia
|
14% 9 |
CNET
|
7% 4 |
Eurogamer.net
|
6% 2 |
The Verge
|
6% 2 |
| View sources » | |
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28.11.2024 03:50
Last update: 03:45 EDT.
News rating updated: 10:41.
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