All posts tagged: 20M

General election: Conservatives pledge £20m each for 30 towns | Politics News

General election: Conservatives pledge £20m each for 30 towns | Politics News

Published by Sam

The Conservatives have pledged to give £20m to 30 towns across the country – a move the Labour Party has branded a “reckless, unfunded commitment”. Rishi Sunak’s party said it would add the towns – many of which are based in the Midlands and north – to its existing long-term plan for towns, increasing the number that will receive financial support to more than 100. The Tories said local people in each area would decide how the money would be spent, through new town boards composed of community leaders, businesspeople, local government and the local MP. Election latest: Starmer says Abbott ‘free’ to stand for Labour The prime minister said the “bold action” would “transform” 30 towns, as he claimed Labour’s record in government “shows they don’t care about towns – neglecting their needs, allowing them to decline and focusing instead on cities.” “Sir Keir Starmer has no plan to unlock opportunities in towns and would take us back to square one,” he said. “Building on our strong track record of levelling up in Teesside …

After a M Series A funding, Germany’s Insempra plans eco-friendly lipid production

After a $20M Series A funding, Germany’s Insempra plans eco-friendly lipid production

Published by skeptic

Lipids are fatty, waxy or oily compounds that, for instance, typically come in the form of fats and oils. As a result they are heavily used in the production of beauty products, as well as in fashion, and food industries. Right now, most lipids come from environmentally problematic petrochemicals. But new processes mean its possible to make lipids from organic materials. That’s the idea of German startup Insempra, which plans to turn oil yeast in lipids on an industrial scale using yeast fermentation factories. It’s now raised a $20 million Series A financing led by EQT Ventures. Also participating was BlueYard Capital, Possible Ventures, Taavet Sten and Acequia Capital. Notably, new investors incliude the venture arm of FMCG giant Henkel, Henkel dx Ventures, as well as Bayern Kapital and Alante Capital. The Series A follow an initial $15 million seed round conducted in 2021. Lipids are used for cosmetic and food applications, but Insempra is also developing technology that offers a bio-based alternative to everyday materials such as polymers and textiles. It plans to work on …

Environmental Defense Fund will oppose Trump’s candidacy as it aims to spend M before election

Environmental Defense Fund will oppose Trump’s candidacy as it aims to spend $20M before election

Published by skeptic

The Environmental Defense Fund will oppose Donald Trump’s bid to return to the White House, calling the former president’s positions on climate policy even worse than they were four years ago. This is just the second time the group has waded into a presidential election, a source familiar with the decision noted, adding that it will put $20 million behind a campaign push to support candidates this fall who support its mission to tackle the climate crisis. “Make no mistake about the stakes. Mr. Trump is worse on our core issues today than he was four years ago,” David Kieve, president of EDF Action, the group’s advocacy partner, said in a statement released Wednesday and shared in advance with NBC News. “Mr. Trump’s antipathy to electric cars and renewable energy has deepened, and he’s identified significantly expanding drilling for oil as one of his top day-one priorities, often coming even before his border wall.” Trump frequently says in his campaign speeches that if he is elected he will “drill, baby, drill,” referring to oil production. He …

The IRS Is Holding M in Unclaimed Stimulus Check Payments. How to Claim Your Money

The IRS Is Holding $20M in Unclaimed Stimulus Check Payments. How to Claim Your Money

Published by skeptic

The IRS could owe you money from your 2020 tax return — including an unclaimed 2020 Recovery Rebate Credit — and it’s set to disappear this spring. If you didn’t file your taxes in in 2021 because you didn’t think you qualified, you forgot, or you simply didn’t want to deal with the stress of filing, the IRS could be holding onto money for you. That said, it won’t hang on to these funds for much longer.  This story is part of Taxes 2024, CNET’s coverage of the best tax software, tax tips and everything else you need to file your return and track your refund. Each year, toward the end of tax season, the IRS announces how much money it’s holding in unclaimed tax returns. While the organization has yet to give an official dollar amount for how much it’s holding from 2021, we can reference data from past years to have an idea of how much money you could receive. Last year, the IRS was holding $1.5 billion in unclaimed refunds. The average …

Xiaomi’s first EV coming in Q2, looks to capitalize on 20M users

Xiaomi’s first EV coming in Q2, looks to capitalize on 20M users

Published by skeptic

Less than three years after establishing its own automotive arm to develop and build EVs, Chinese smartphone giant Xiaomi sits on the cusp of bringing its flagship model, the SU7, to market. Furthermore, the electronics specialist has high hopes for the vehicle, expecting a large chunk of its 20 million current phone users to consider buying one. Long before any entry into building EVs, Xiaomi was a household name in China, manufacturing a myriad of electronics based on an Internet of Things (IoT) platform. This includes smartphones, mobile apps, laptops, home appliances, and scooters. Following a decline in smartphone sales, the consumer electronics specialist began exploring new outlets to maintain its cash flow as an international manufacturer. That led to EVs, and by 2021, Xiaomi Automobile was incorporated in China. We’ve followed the tech company along its journey to joining an exciting but saturated EV space, especially in China. However, since EVs are filled with more software and microchips than mechanical parts, Xiaomi has a fair shot at breaking into the segment, and all progress to …

Nigerian digital bank FairMoney in talks to buy Umba in M all-stock deal, sources say

Nigerian digital bank FairMoney in talks to buy Umba in $20M all-stock deal, sources say

Published by skeptic

FairMoney, a digital bank based in Lagos and headquartered in Paris, is in discussions to acquire Umba, a credit-led digital bank providing payroll and financial services to customers in Nigeria and Kenya, in a $20 million all-stock deal, sources tell TechCrunch. The move signals FairMoney’s interest in growing its customer base by expanding into more countries, specifically Kenya. But it also underscores the challenges facing fintechs in Africa amid a challenging market for startups globally: a $20 million all-share deal would be roughly equivalent to the amount Umba raised from outside investors. Acquisition negotiations are still in their early stages, according to the sources, who requested anonymity due to the confidential nature of the details. FairMoney and Umba did not respond to requests for comment ahead of publication. Umba, founded by Tiernan Kennedy and Barry O’Mahony in San Francisco in 2018, was launched as a credit-led digital bank targeting emerging markets. It provides banking services such as loans, current accounts, savings accounts, fixed deposit accounts and bill payments to customers in Nigeria and Kenya. To …

Priyanka Chopra & Nick Jonas flee ‘unlivable’ m LA home with daughter Malti amid mold infestation

Priyanka Chopra & Nick Jonas flee ‘unlivable’ $20m LA home with daughter Malti amid mold infestation

Published by Sam

Priyanka Chopra and Nick Jonas have been forced to move out of their luxury $20 million LA home with their daughter, Malti, two, after it became “virtually unlivable” due to a mold infestation.  The couple purchased their dream home in September 2019, but by April 2020 it turned into a nightmare when water damage allegedly made the property “dangerous from a health perspective to occupy”.  WATCH: Inside Priyanka Chopra and Nick Jonas’ dream-turned-nightmare $20m home According to Page Six, Priyanka and Nick have been locked in a legal battle since 2023, claiming the pool and spa had “porous waterproofing” which caused “mold contamination and related issues”.  “At or about the same time, a water leak appeared at the barbecue area on the deck,” the lawsuit filed by the couple’s trustee reportedly states, according to the outlet.  “This leak damaged a portion of the interior living area immediately below the deck.”  The lawsuit claims that there is “substantial and significant damage”, so Nick and Priyanka want to cancel the purchase and sale and be compensated for …

Electric vehicle charging startup EVCS is raising M

Electric vehicle charging startup EVCS is raising $20M

Published by skeptic

Electric vehicle charging company EVCS is raising a $20 million round, TechCrunch+ has exclusively learned. The startup has so far raised $7.5 million of the $20 million target, according to paperwork the company filed with the SEC on Wednesday. If EVCS can raise the rest, this round would make for a slight step up from the $18.8 million Series A the company raised in July 2022, perhaps as an extension to that round. But the round also suggests a tempering of expectations at the startup, which reportedly explored raising $125 million as recently as this June. The funds would have helped the company add more than 2,000 fast chargers to its network. It’s unclear how the new round is structured. EVCS did not immediately respond to requests for comment. Most large, public-facing EV charging companies are developing coast-to-coast networks. It’s a logical approach: If a network has a sufficient footprint, the thinking goes, drivers will come to favor it over competitors, knowing that no matter where they travel in the U.S., that company will have …

Verve Motion raises M to grow its exosuit business

Verve Motion raises $20M to grow its exosuit business

Published by skeptic

Verve Motion, a startup building a robotic “exosuit” designed to help workers complete physically demanding tasks in factories and other like environments, today announced that it raised $20 million in a Series B round led by Cybernetix Ventures with participation from Construct Capital, Pillar VC, OUP and angel investors including Okta co-founder Frederic Kerrest. The new cash, which brings Verve’s total raised to $40 million, will be put toward expanding Verve’s market share and manufacturing efforts, Verve co-founder and CEO Ignacio Galiana told TechCrunch in an email interview. “Verve is pioneering a new class of connected wearable technology for the industrial sector by integrating robotics into functional apparel,” Galiana said. “The wearable robotics category is a relatively new industry and, as any burgeoning category, it faces the task of awareness and building the compelling case for need in the workplace.” Verve’s origins lie in the Harvard-run biodesign lab at the Wyss Institute and School of Engineering and Applied Sciences. There, as part of a DARPA-funded initiative with support from the National Science Foundation and the …