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Jeff Bezos-Backed Slate Auto Closes Series A and B Funding, Raises $700 Million, Secures 100,000 Reservations for $25,000 "Anti-Cybertruck" SUV | DeepNewz VC
deepnewz
·
2m ago
Medial
Slate Auto, a new car brand backed by Amazon owner Jeff Bezos, has closed its Series B funding round, raising $700 million. The start-up focuses on creating an affordable SUV with minimalist features, such as no paint as standard. This approach aims to offer cost-effective transportation options, aligning with growing consumer demand for economical vehicles. The investment reflects confidence in Slate Auto’s potential to disrupt the automotive market with its unique, stripped-down offerings.
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Amazon Founder Jeff Bezos Secretly Backs EV Start-Up That Aims to Launch $25K Electric Truck
OutlookIndia
·
4m ago
Medial
Jeff Bezos has quietly invested in Slate Auto, a Michigan-based electric vehicle start-up, planning to launch a $25,000 electric truck in 2026. Inspired by the Ford Model T and Volkswagen Beetle, Slate Auto targets first-time car buyers with customizable options and upgrades. Originating from the Bezos-backed Re:Build Manufacturing, the start-up has raised substantial funds through disclosed rounds, aiming to make EV technology accessible. Production is planned for late 2026 in Indiana.
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Silicon Valley's Elite Rewrite the Aging Narrative
StartupTalky
·
1y ago
Medial
Silicon Valley billionaires like Jeff Bezos, Sam Altman, and Peter Thiel are investing significant amounts of money in anti-aging research. Altman has invested $180 million in Retro BioScience, while Bezos has invested $3 billion in Altos Labs. These investments highlight a growing interest in extending human life and challenging the inevitability of aging. The anti-aging market is expected to reach $421.4 billion by 2030, driven by an aging population and increasing awareness of anti-aging products and services. Despite challenges, such as translating animal studies to humans, the future looks promising for age reversal research.
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Jeff Bezos-Backed Altos Labs Acquires Dorian Therapeutics, NewLimit Raises $130M for Anti-Aging Therapies | DeepNewz VC
Business Bytes
·
2m ago
Medial
Jeff Bezos-backed Altos Labs has acquired Dorian Therapeutics, a small Peninsula company focused on anti-aging technologies. Altos Labs, which has raised $3 billion in funding, aims to explore solutions for longevity and combat aging processes. In another development, NewLimit, another company within the biotech sphere, successfully secured $130 million to support its initiatives. Both acquisitions and funding illustrate the burgeoning interest and investment in anti-aging research and therapies.
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Skoda Auto to launch new compact SUV in 2025
Thehindubusinessline
·
1y ago
Medial
Skoda Auto has announced plans to launch a compact SUV in India in 2025. This will be the company's third brand made in India, alongside the Kushaq and Slavia models. Skoda aims to double its market share in India by 2026, targeting sales of 100,000 units annually. The new SUV will be based on the MQB-AO-IN platform and will be designed for the Indian market and beyond. Skoda is also holding a competition to name the new vehicle, with the winner receiving the SUV as a prize.
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Bookshop.org mocks Jeff Bezos wedding invite in anti-Prime Day promo | TechCrunch
TechCrunch
·
1m ago
Medial
Bookshop.org, an independent online bookseller, strategically coincides its sale with Amazon’s Prime Day to draw customers away from the e-commerce giant. To promote its anti-Prime Day sale, Bookshop.org mocked Jeff Bezos' wedding invites, which were widely criticized online for their simplistic design, despite the lavish $50 million event in Venice. The campaign emphasized supporting independent bookstores over billionaires, promising free shipping alongside the satisfaction of helping small businesses.
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Skoda bets on affordable compact SUVs to double India sales by 2026
Livemint
·
1y ago
Medial
Skoda Auto has set a target of doubling its sales in India by 2026, with plans to launch an affordable compact SUV next year. The Czech carmaker aims to ship 100,000 cars in India in 2026, twice as many as it sold in 2023. Despite a highly concentrated compact SUV market in India, Skoda sees the country as a key contributor to its global growth. The company aims to achieve a market share of around 5% by 2030. Skoda is also focusing on expanding its electric vehicle offerings in India.
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Jeff Bezos-Backed Altos Labs Acquires Dorian Therapeutics, NewLimit Raises $130M for Anti-Aging Therapies | DeepNewz VC
Business Bytes
·
2m ago
Medial
Altos Labs, supported by $3 billion from Jeff Bezos and others, has acquired Dorian Therapeutics, a small Peninsula company focused on combating aging. This acquisition is part of their larger initiative to halt the aging process. Meanwhile, NewLimit, another company in the anti-aging sector, has successfully raised $130 million to support its endeavors. Both companies are at the forefront of pioneering research aimed at extending human longevity and improving the quality of life through technological advancements.
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Mark Zuckerberg joins exclusive $200 billion club, closes in on third-richest person in world
Internet
·
10m ago
Medial
Mark Zuckerberg, CEO of Meta, has joined the $200 billion club after increasing his wealth by $73.4 billion in 2024, bringing his total to $201 billion. He is now the fourth richest person globally, behind Elon Musk, Jeff Bezos, and Bernard Arnault. Meta's stock has surged 64% in 2024, contributing significantly to Zuckerberg's fortune. At the Meta Connect 2024 event, Zuckerberg highlighted Meta AI's success, noting nearly 500 million monthly users, with further growth expected in larger markets. Other tech moguls, like Jensen Huang (Nvidia) and Larry Ellison (Oracle), have also seen substantial gains in their wealth this year.
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After Namma Yatri, Juspay Launches Auto & Cab-Hailing App Mana Yatri In Hyderabad
Inc42
·
1y ago
Medial
Juspay Technologies has launched a new ride-hailing app called Mana Yatri, following the success of its auto-rickshaw booking app Namma Yatri in Bengaluru. Mana Yatri, part of the ONDC network, allows users to book autos and cabs in Hyderabad. It offers a zero-commission business model for drivers and has already onboarded over 25,000 drivers, with plans to onboard 100,000 more in the next three months. The app is supported by the Telangana government and T-Hub incubator. It aims to enhance first and last-mile connectivity by integrating with public transport.
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