All posts tagged: expand

Let Tesla Expand? Germans Vote No.

Let Tesla Expand? Germans Vote No.

Why It Matters: A factory that has divided a town. Tesla’s decision to settle in Grünheide, which is in the state of Brandenburg, and the speed with which the factory was built — 861 days — has been a point of pride for local politicians in a country known for its onerous permitting processes. The factory, which opened two years ago, has also become an important driver of growth in the state, long one of the most economically challenged in Germany. Brandenburg recorded economic growth of 6 percent in the first half of 2023, largely driven by the 11,000 jobs at the plant and dozens of suppliers that have sprung up around it. But many local residents contend the plant has disrupted a quality of life that drew them to Grünheide, and say it threatens the air and water quality. Some said that Tesla already had the right to build warehouses and a rail yard on its existing 740-acre footprint where the factory stands. They welcomed the chance to have a say in the matter. …

White House to expand Russia sanctions over Alexei Navalny’s death

White House to expand Russia sanctions over Alexei Navalny’s death

Flowers and a portrait of Russian opposition leader Alexei Navalny are seen following Navalny’s death, as people gather near the Russian embassy in Paris, France, February 16, 2024.  Gonzalo Fuentes | Reuters The White House plans to announce new sanctions against Russia in response to the death of the high-profile Russian opposition leader Alexei Navalny last week, National Security Spokesman John Kirby said Tuesday. “Whatever story the Russian government decides to tell the world, it’s clear that President Putin and his government are responsible for Mr. Navalny’s death,” Kirby said. “In response, at President Biden’s direction, we will be announcing a major sanctions package on Friday of this week.” The U.S. has already imposed significant trade restrictions on Russia since the start of the war in Ukraine roughly two years ago. Kirby noted that the new sanctions will build on the ongoing effort to stifle Russia’s economy, while also adding specific restrictions over Navalny’s death. He added that details about the sanctions will be available Friday. Yulia Navalnaya, the widow of Navalny, has held Putin …

Plans to Expand U.S. Chip Manufacturing Are Running Into Obstacles

Plans to Expand U.S. Chip Manufacturing Are Running Into Obstacles

In December 2022, Taiwan Semiconductor Manufacturing Company, the key maker of the world’s most cutting-edge chips, said it planned to spend $40 billion in Arizona on its first major U.S. hub for semiconductor production. The much ballyhooed project outside Phoenix — with two new factories, including one with more advanced technology — became a symbol of President Biden’s quest to spur more domestic production of chips, the slices of silicon that help all manner of devices make calculations and store data. Then last summer, TSMC pushed back initial manufacturing at its first Arizona factory to 2025 from this year, saying local workers lacked expertise in installing some sophisticated equipment. Last month, the company said the second plant wouldn’t produce chips until 2027 or 2028, rather than 2026, citing uncertainty about tech choices and federal funding. Progress at the Arizona site partly depends on “how much incentives that the U.S. government can provide,” Mark Liu, TSMC’s chairman, said in an investor call. TSMC is just one of several chip makers running into obstacles with their U.S. …

Let Tesla Expand? Three German Teens Have a Few Thoughts.

Let Tesla Expand? Three German Teens Have a Few Thoughts.

Tesla’s hulking assembly plant outside Berlin, which opened two years ago in a community known for its forests and lakes, still rubs many residents the wrong way. They worry it threatens the quality of their water and air, and has disrupted the peacefulness that drew them to the area. Steffen Schorcht, 63, who lives across the freeway from the plant, said the light pollution alone meant he could no longer see the stars when he looked up at night. Now Tesla wants to clear out an additional 250 acres of forest near the plant for warehouses and a rail yard, as well as for a day care center for employees and the community. Mr. Schorcht and many of his neighbors are determined to make sure that doesn’t happen. “We say, ‘enough is enough,’” Mr. Schorcht said. Their resistance campaign includes weekly hikes through the endangered forest and knocking on doors. But three local teenagers see the situation differently. For them, the arrival of a headline-making company with an intense focus on innovation through disruption has …

‘Diablo IV’ Heads to Game Pass as Microsoft Eyes 4 Games to Expand Beyond Xbox

‘Diablo IV’ Heads to Game Pass as Microsoft Eyes 4 Games to Expand Beyond Xbox

Microsoft is bringing its first Activision Blizzard title to Game Pass, following its successful multi-billion-dollar acquisition of the company: 2023 hit Diablo IV will be available on the subscription service starting March 28. Microsoft announced the news today during an episode of the Official Xbox Podcast, which also served as an attempt to clear up recent rumors that the company had plans to take Xbox-exclusive games to other platforms. Fans weren’t too keen on the idea, posting messages on social media likening the move to a betrayal, saying it would “devalue” the brand and make owning the console pointless. Spencer tackled those rumors head-on, saying that only four games would be losing their exclusive status. Despite speculation that the games going to other consoles might include Starfield or Indiana Jones and the Great Circle, Xbox is not considering either title, he said. Spencer declined to name the four games, but said that two are “community-driven” titles the company wants to expand. The other two, he says, “were never really meant to be built as platform …

ROAM secures M in funding to expand electric mobility in Africa

ROAM secures $24M in funding to expand electric mobility in Africa

Kenya-based electric mobility company ROAM has successfully completed a Series A funding round totaling $24 million in equity and debt to expand local production and further electrify mobility across Africa. ROAM is a growing Kenyan company with origins in Sweden that remains relatively young, recently eclipsing a mere five years of existence. In that short time, we’ve covered much of the company’s progress in developing, designing, and manufacturing all-electric Air motorcycles and buses, plus sustainable fast-charging technologies to support them. Aside from fully-electric transit buses, ROAM currently operates East Africa’s largest electric motorcycle plant, where it is working to eventually expand to an output of 50,000 units per year. To achieve goals like that, plenty of cash is required. Following a recent Series A funding round, ROAM has garnered $24 million which offers it more runway to continue its journey in enriching the daily lives of East Africans and beyond. Fresh ROAM funding to support electrification in Africa ROAM states its completed funding round totaled $14 million and was led by Equator Africa in addition to investments from At …

Top Cheltenham restaurant looks to expand

Top Cheltenham restaurant looks to expand

A fine-dining, Indian-inspired restaurant in Cheltenham is planning to expand to a second Cotswold destination which represents a significant milestone in elevating its growing profile to the wider region. Prithvi, the award-winning restaurant on Cheltenham’s Bath Road, is on the lookout for a new Cotswold-based premises to share its unique gastronomic experiences, which have seen its menus featured in the Michelin guide. Since opening in February 2012, Prithvi, renowned for its contemporary Indian cuisine and high levels of service, has consistently been a popular venue for those seeking a modern gourmet experience in Gloucestershire – fronted by 2 Michelin star trained head chef Thomas Law, who has worked in some of the best kitchens in New York, Australia and the UK. Now its owner, Jay Rahman, is looking to expand its offering further afield and is on the lookout for any viable locations, including spaces within existing hospitality properties that would be keen to collaborate with the brand. Jay said: “We’re really excited to start exploring locations for a second Prithvi somewhere in the Cotswolds, so …

Kenya’s Ilara Health gets .2M backing to expand clinic-support services

Kenya’s Ilara Health gets $4.2M backing to expand clinic-support services

Ilara Health, a Kenya-based health-tech enabling private clinics to access diagnostic devices and pharmaceutical products, has secured $4.2 million debt-equity in a pre-Series A round. The funds will be used to scale operations in the East African country, and to deepen health care access to the masses through the rollout of a B2B health and occupational service that will enable uninsured workers access care at its network of partner clinics for a fixed monthly fee. The $2.5 million equity round was led by DOB Equity, with the participation of the Philips Foundation and existing investors like AAIC INVESTMENT, Angaza Capital, Black Pearl Investments, Perivoli Innovations. Debt investment came from Alphamundi, Kiva Capital and Boehringer Ingelheim. The new round brings the total debt, equity and grant funding secured by the startup to $11.7 million. Ilara Health started off by leasing diagnostics devices to clinics in 2019 but has since evolved to enable health centers acquire pharmaceutical products and other items like hospital furniture, on credit. Emilian Popa, Ilara co-founder and CEO, told TechCrunch that this strategic …

Tesla to greatly expand Supercharging in Iceland with partnership with gas stations

Tesla to greatly expand Supercharging in Iceland with partnership with gas stations

Tesla announced plans to greatly expand the Supercharger network in Iceland through a partnership with a gas station chain. Iceland is perfect for the massive adoption of electric vehicles. The island’s electricity generation is already almost 100% renewable, which makes EVs super clean, and being a remote island, petrol is expensive. Albeit being sparsely populated with only ~350,000 people, there’s a significant concentration of population around Reykjavík, and people have relatively short commutes that can be covered with most electric vehicles. Tesla has made an investment in the country by building a Supercharger network on the whole island, which it opened to all electric vehicles in 2022. The investment paid off as Tesla became the best-selling car brand in the country in 2023 with a massive 20% market share. The Model Y also demolished a 35-year record for the best-selling car in the country. Now, Tesla is looking to expand its charging infrastructure in the country to support the growing fleet. The automaker announced a deal with N1, a gas station operator, to deploy 20 new …

Starship nabs M to expand autonomous delivery robots globally

Starship nabs $90M to expand autonomous delivery robots globally

Veteran autonomous delivery robot developer Starship Technologies announced it had raised an additional $90 million in funding to help expand its micro-logistics service to additional territories around the globe. Starship Technologies was founded in 2014 by Skype co-founders Ahti Heinla and Janus Friis based on the idea that autonomy can help many of the challenges in last-mile deliveries. The company’s L4 autonomous delivery robots have completed over six million trips to date, transporting meals, packages, groceries, and important documents to students and other customers. In August 2023, that mileage total was five million, operating in 30 different areas. Today, Starship’s robots have expanded to 80 locations worldwide, including the US, UK, Germany, Denmark, Estonia, and Finland. During its decade-long run, the autonomous delivery robot developer had raised $160 million but just shared that it has garnered an additional $90 million to continue to expand its last-mile delivery services. Source: Starship Technologies Starship to expand autonomous delivery robot services In a press release today, Starship Technologies shared details of its $90 million funding round co-led by …