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This flying-car startup that's backed by SpaceX has almost 3,000 preorders

Business Insider

Business Insider · 1y ago

This flying-car startup that's backed by SpaceX has almost 3,000 preorders

Alef Aeronautics, a Silicon Valley startup backed by SpaceX, is developing a $300,000 flying car called the Model A. With over 2,850 pre-orders already received, the two-seater vehicle is fully electric and offers a driving range of 200 miles and a flight range of 110 miles. Pre-orders started in October 2022, and deliveries are expected to begin in Q4 2025. Additionally, Alef is working on a $35,000 four-seater sedan named the Model Z, which is set to launch in 2035.

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Mahindra hails IIT-Madras startup developing electric flying taxis

Internet

Internet · 1y ago

Mahindra hails IIT-Madras startup developing electric flying taxis

Anand Mahindra was amazed by ePlane, a startup from IIT Madras, developing electric flying taxis for speedy urban commutes. Founder Prof. Sathya Chakravarthy plans to unveil their first vehicle in 2025. Mahindra hailed IIT Madras as a top incubator, celebrating India's tech innovation surge. ePlane aims to democratize flying, backed by investors like Angel List's Naval Ravikant.

Mint Quick Edit | Honda’s liftoff success: Yes, it’s headed for space

Livemint

Livemint · 2m ago

Mint Quick Edit | Honda’s liftoff success: Yes, it’s headed for space

Honda successfully tested a reusable rocket, advancing in a field dominated by SpaceX. The Japanese carmaker's six-meter, 900kg experimental rocket achieved a critical milestone by taking off and landing smoothly, despite flying only 300 meters high. This unexpected move positions Honda as a potential contender in the reusable rocket space, traditionally led by players like Elon Musk’s SpaceX, and raises questions about further international competition, including potential developments from India.

Musk's Starship explodes in space in 7th flight test, video shows its remnants in sky

Inshorts · 7m ago

Musk's Starship explodes in space in 7th flight test, video shows its remnants in sky

The world's heaviest and largest rocket Starship, built by Elon Musk's SpaceX, exploded in its seventh flight test on Friday. A video showed the rocket flying in space when it suddenly exploded and its remnants flew across the sky near Turks and Caicos Islands. SpaceX lost telemetry after 8.5 minutes of flight, prior to completion of Starship's ascent burn.

Elon Musk companies may add over $220 billion in combined value after new funding rounds: Report | Company Business News

Livemint

Livemint · 6m ago

Elon Musk companies may add over $220 billion in combined value after new funding rounds: Report | Company Business News

Elon Musk’s companies, including Tesla, SpaceX, and xAI, have significantly increased in value since the US presidential election, with a combined $613 billion surge. Tesla's stock has dropped about 25% from its peak but still holds strong on valuation. SpaceX became the most valuable tech startup, while xAI almost doubled its valuation. New funding rounds may add over $220 billion to Musk's private companies, potentially raising his net worth to over $420 billion.

Pakistani ecommerce logistics startup Rider looking to acquire BlueEx

Economic Times

Economic Times · 1y ago

Pakistani ecommerce logistics startup Rider looking to acquire BlueEx

Pakistani ecommerce logistics startup, Rider, is planning to acquire BlueEx, the only listed Express Courier Logistics Company in Pakistan. The acquisition would make Rider the third-largest player in the ecommerce logistics space and allow them to reach their goal of delivering one million monthly orders for over 3,000 merchants across 700 delivery locations. This would be the first acquisition of a listed company by a startup in Pakistan. Rider, backed by YCombinator, has raised $5.4 million in funding to date.

TikTok, Snapchat and others sign pledge to tackle AI-generated child sex abuse images

Economic Times

Economic Times · 1y ago

TikTok, Snapchat and others sign pledge to tackle AI-generated child sex abuse images

Tech companies like TikTok and Snapchat have signed a joint statement to combat child sex abuse images generated by AI. The statement, backed by governments including the US, Germany, and Australia, aims to ensure responsible AI is used to tackle the threat and prevent it from becoming insurmountable. The decision comes in the wake of data from the Internet Watch Foundation, which revealed the sharing of almost 3,000 images of AI-generated child sexual abuse material on a dark web forum.

Cars24 Bags INR 250 Cr From Singapore-Based Parent Entity

Inc42 · 1y ago

Cars24 Bags INR 250 Cr From Singapore-Based Parent Entity

The startup Cars24 has received approval from its board to allot 2.18 lakh equity shares to its parent company Global Car Group Limited in Singapore. However, there is no information available about how the funds will be utilized by the Delhi NCR-based startup. This fundraising round follows Cars24's recent pilot of a driver-on-hire service and signing a letter of intent to join the state-backed ONDC initiative.

EV ride-hailing startup BluSmart tweaks fare structure in Delhi-NCR to expand customer base

Economic Times

Economic Times · 1y ago

EV ride-hailing startup BluSmart tweaks fare structure in Delhi-NCR to expand customer base

BluSmart, an electric car ride-hailing startup, has revised its fare structure in Delhi-NCR to attract more customers. The company has reduced the range of fare slabs from 5 km to 3 km, providing customers with more fare choices. This change is expected to increase the platform's daily rides by 10-15%. BluSmart aims to achieve breakeven on an EBITDA level by the end of this year, citing that the industry's focus is now on reducing burn. Backed by BP Ventures, BluSmart competes with Uber and Evera Cabs in the market.

Elon Musk trolled his way through 2023. He's still ending the year $100 billion up.

Business Insider

Business Insider · 1y ago

Elon Musk trolled his way through 2023. He's still ending the year $100 billion up.

Elon Musk has faced numerous challenges and controversies in 2023, including driving X (formerly Twitter) into the ground and the possibility of Tesla being overtaken by its Chinese competitor, BYD. Despite these setbacks, Musk's net worth has increased by almost $100 billion this year, making him the world's richest person. The success of his other companies, such as SpaceX and Tesla, has contributed to his wealth growth. However, Musk's unpredictable behavior remains a concern for some observers.

Musk's SpaceX rival AST SpaceMobile's stock jumps 1,300% in 6 months

Inshorts · 11m ago

Musk's SpaceX rival AST SpaceMobile's stock jumps 1,300% in 6 months

Billionaire Elon Musk-led SpaceX's rival AST SpaceMobile's stock price has skyrocketed 1,300% from $2 to $28 in just six months. AST, which went public in April 2021, entered into partnerships with AT&T and Verizon, sending the satellite designer and manufacturer's stock price flying. AST is set to launch its first five commercial satellites into low-earth orbit aboard a SpaceX rocket.

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