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Sustainable tech startup Motiv Power Systems raises $15M in Series C funding to provide electric-powered intelligent chassis and accelerate customer expansion

Motiv Power Systems, a Silicon valley-based sustainable technology company delivering all-electric chassis with a proven software platform for the electrification of medium-duty trucks and buses, today announced that it has secured $15 million of additional funding from GMAG Holdings Corp. The […]

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Motiv Power Systems, a Silicon valley-based sustainable technology company delivering all-electric chassis with a proven software platform for the electrification of medium-duty trucks and buses, today announced that it has secured $15 million of additional funding from GMAG Holdings Corp. The funding will be made by means of convertible notes that are expected to be converted into a Series C funding round, which Motiv is in the process of raising. With this new financing, Motiv aims to further scale its manufacturing operations, as well as fund technology and geographic expansion.

Founded in 2009 by Jim Castelaz, Motiv frees fleets from their dependence on fossil fuels by providing a seamless pathway to electrification. Motiv’s EPIC (Electric Powered Intelligent Chassis) family is CARB certified and available for a number of different body configurations including walk-in vans, box trucks, work trucks, shuttle buses, school buses, trolleys, and other specialty vehicles. An EPIC chassis offers uncompromised performance and functionality without the pollution, noise, heat, and vibration of gasoline or diesel power.

“Despite the challenges created by the current pandemic, Motiv’s progress continues at an impressive upward trajectory,” said Matt Gallaher, CFO at GMAG Holdings Corp. “We see great potential in the company’s future as the leading player in the commercial EV space.”

This new funding comes as the commercial electric vehicle (EV) market is gaining momentum as fleet owners look to meet new regulations, reduce costs, and answer social pressures for cleaner transportation options. As an example, the California Advanced Clean Truck rule, implemented by California’s Air Resources Board, mandates 50 percent of trucks sold in California must be zero-emissions by 2035, and 100 percent by 2045.

“This funding demonstrates the sustained commitment of GMAG Holdings, Motiv’s largest investor, to support our growth,” said Matt O’Leary, Motiv Chairman, and CEO. “Our progress with down costing, investment in a strong customer support team, and a proven 5th generation technology have resulted in some 200 vehicle orders, more than half of which are repeat orders from happy customers.”

In April, Motiv celebrated 1 million electric miles logged among several of the largest fleets in North America, equating to 900 plus metric tons of greenhouse gas (GHG) eliminated, which is the equivalent to 213 passenger vehicles driven for one year.

“Time and again, our customers give Motiv high marks on their vehicle performance across a range of diverse medium-duty vehicles, from trucks and buses to specialty vehicles and shuttles,” continued O’Leary. “We leverage this feedback into higher-performing and even more-reliable and lower-cost products with every generation.”

As a leader in the commercial EV space, Motiv believes that it is well-positioned for growth with its proprietary AdaptEV software platform, patented power electronics, and industry-leading truck and bus body partners.


Source: https://techstartups.com/2020/08/24/sustainable-tech-startup-motiv-power-systems-raises-15m-series-c-funding-provide-electric-powered-intelligent-chassis-accelerate-customer-expansion/

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Bitcoin hits 15 month high and is just the beginning of renewed strength

Earlier today, we wrote about PayPal after the payments company announced it has joined the cryptocurrency market, and allowing customers to buy, sell, shop, and hold bitcoin and other cryptocurrencies on its network. This is good news for cryptocurrencies and especially for […]

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Earlier today, we wrote about PayPal after the payments company announced it has joined the cryptocurrency market, and allowing customers to buy, sell, shop, and hold bitcoin and other cryptocurrencies on its network. This is good news for cryptocurrencies and especially for Bitcoin.

Bitcoin soared immediately after the news. The price of the world’s most popular cryptocurrency reached a two-month high of $12,734.80 on Wednesday, taking month-to-date gain to over 13%. Constantin Kogan, Managing Director at Wave Financial Group, chime on the news and provides a quick brief and analysis of recent strength in Bitcoin. Below is what he said.

“There are multiple factors driving the price of Bitcoin higher, with the main one being the announcement from PayPal that they will allow cryptocurrency buying, selling, and shopping on its network supporting a number of the major cryptocurrencies.

This is arguably the biggest news of the year for the industry and will drive the adoption of digital assets even further. With 346 million users, 26 million merchants, and being the 20th largest “bank” by deposits, this move by PayPal will open a new gateway for people to use cryptocurrencies in their everyday transactions. It will no doubt spark renewed interest from both consumers and banks alike, just as the news that Facebook was launching its own cryptocurrency called Libra did back in mid-2019.

It’s not just the consumer-facing behemoths such as PayPal and Facebook that are looking to bring crypto to the mainstream, but more financial institutions are buying Bitcoin and other digital assets as a move to diversify their portfolios.

2020 is fast becoming the year of crypto acceptance and we see 2021 as the year of mainstream adoption. All of this is bullish for the price of Bitcoin and it’s safe to assume that BTC will remain a strong bullish trend. We believe a year-end price beyond $14,000 is easily achievable as the market hasn’t fully absorbed all the positive news.”

Wave Financial LLC (Wave) is a Los Angeles and London based investment management company that provides institutional digital asset fund products. Led by a team of highly experienced financial services professionals, Wave provides investable funds via their diverse investment strategies applied to digital assets and tokenized real assets. Wave also offers managed accounts for HNWIs and family offices seeking tailored digital asset exposure, treasury management services, and early-stage venture capital and strategic consultation to the digital asset ecosystem.


Source: https://techstartups.com/2020/10/21/bitcoin-hits-15-month-high-just-beginning-renewed-strength/

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Kool Kanya: building a better future for the women of tomorrow

Kool Kanya: A women-oriented community  In India, roughly three-quarters of employment is non-regular, either self-employed or casual jobs, and most of them have lost their job recently. The coronavirus epidemic has affected women around the globe financially. But, the situation in India is more precarious for them than almost anywhere else. Women are still suffering […]

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Kool Kanya: A women-oriented community 

In India, roughly three-quarters of employment is non-regular, either self-employed or casual jobs, and most of them have lost their job recently. The coronavirus epidemic has affected women around the globe financially. But, the situation in India is more precarious for them than almost anywhere else. Women are still suffering from a large gender gap in jobs, salaries, and education in India. Vanshika Goenka’s Kool Kanya is a platform designed to create a platform to help Indian women develop careers they enjoy.

In 2019, Kool Kanya (1) was developed by Vanshika Goenka to recognize gender inequality at work. At present, Kool Kanya has crossed over one million, providing women with a safe space for professional networking, exchanging opportunities, sharing thoughts, and asking questions. As the COVID-19 pandemic has generated financial uncertainty and economic difficulties for many, Kool Kanya is a fresh breath of air to help and support women who face job loss and seek support, guidance, and community.

Kool Kanya is a mixture of focused communities for online and offline women that help thousands of women, both emotionally and mentally. This platform’s main goal is to provide women with career advice, mentorship, and opportunities to develop careers that they enjoy and want to pursue. An initiative to help women searching for jobs called GetWork 2020, which is an online recruiting event for the Community, was introduced during this pandemic.

The Founder of Kool Kanya 

The CEO & Founder of Kool Kanya is Vanshika Goenka, who wanted to create a women’s online career group where they can be part of an ecosystem of mutual support. She hoped that this platform would enable women to learn from each other and develop in their careers. Vanshika graduated with Magna Cum Laude, Pi Sigma Alpha, and Pi beta Kapha from Brown University-Bachelors in Political Science in 2016. At a tech start-up that worked on developing an augmented reality textile doll, Vanshika began her career. She was working for a sanitary pad company when she discovered the workplace imbalance between men and women. She decided to come up with a product specifically for women to recognize the gender gap at work, and so she created Kool Kanya in 2019. 

Kool Kanya
Vanshika Goenka, the founder of Kool Kanya

Trust, a safe place, performance, and guidance are the terms she strongly identifies the platform with. The vision of Vanshika is to create a one-stop destination for everything related to the career of a woman. She wanted to create a forum that women find genuinely helpful. This could also provide them with the required tools, resources, and encouragement to succeed. 

In her opinion, as women are increasingly looking to take up freelance and work from home opportunities. Vanshika foresees the platform to expand and support more women in the future. As a role model, Vanshika looks up to her mother and has always sought her guidance and support. Vanshika likes to read autobiographies and biographies, dance, work out. She also loves to unwind with a book and a cup of tea by curling up. She is very excited about travelling, likes to get out of her comfort zone, and enjoys discovering new cultures.

The much-needed guidance

Kool Kanya offers a safe environment where a woman can ask questions, get and give career advice, exchange experiences. You can also find common ground in your field with other female professionals. Anonymously, if so desired by women. The job advice they give ranges from how to network to regular work advice and financial management. It encourages gradual discussions on related issues and focuses on offering advice on matters. The women receive experience in upskilling, freelancing, entrepreneurship, financial planning, and mental health. 

Kool Kanya has seen a reach of over 1 million users successfully over the past year and is looking to launch its marketplace soon. The problems that Kool Kanya aims to help address include providing a place to ask questions. It encourages interactions with individuals in similar fields. It also provides them access to resources to help deal with legal and financial aspects, seeking mentors, and seeking collaborative opportunities. 

Approximately 5.2 million women are searching for work in India, according to Kool Kanya’s observations. Though more women turn to freelance as a career choice, many of them are uncertain about how to start. They find it difficult to deal with legal and financial complexities, or run an independent company, which is where Kool Kanya comes in. In India, women-based platforms and communities have evolved significantly. They are growing to help women achieve their goals and invoke sisterhood feelings among themselves. From then on, these communities have played a critical role, serving as women’s career support structures. And Kool Kanya is planning to take account of the evolving economic scenarios arising from the pandemic. They aim to help women have greater and easier access to credible resources and initiatives that pay for them.

Initiatives by Kool Kanya

Kool Kanya is on the track to provide a one-stop destination for all things related to the career of a woman. You can gain anything from mentorship and upskilling to starting careers and receiving an opportunity to find jobs. They present a nurturing and mutually supportive environment where women build up with each other. This platform has carried out impressive events and surveys for mentors in the Kool Kanya community. Some of these are the “Women in the Workplace,” celebrating women achievers nominated by other women, and a Gamechangers Networking event. 

They have also done a # Unblocked series of events on Business Funding and Development and Networking for freelance authors. Currently, via webinars, masterclasses, interactive boot camps, and recruiting activities, they offer their community members continuous online support. Kool Kanya also curates events for women online and offline that encourage them to network and engage in meaningful dialogue. Through a fully vetted and validated online marketplace, they can also find job opportunities, particularly designed to bring together passionate and skilled women with trustworthy buyers of products and services.

Kool Kanya has also carried out various services during the pandemic and resultant loss of jobs. They dispatched an online occasion property called ‘GetWork’ to assist ladies with looking for some employment. The enterprise later led the second version of ‘GetWork’ and saw more than 200 occupation postings and more than 1500 applications in only four days. It was during the pandemic that they fundamentally developed the network and dispatched a commercial center for autonomous experts. Kool Kanya currently has a powerful network of 100,000 women, and is able to reach over 6 million individuals consistently. 

Nidhia Sebastian is an English literature graduate who looks forward to a career that complements her passion. Her never-ending love for language has brought her to creative writing. Having an open heart to knowledge is what leaves her with a thirst to explore the world. She believes in living life to the fullest and hopes to convey the same enthusiasm through her words.

Source: https://timesnext.com/kool-kanya-startup/

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Brazil volunteer in Astrazeneca coronavirus vaccine trial has died, Brazilian health authority reports

Brazilian health authority Anvisa said on Wednesday that a volunteer in a clinical trial of the COVID-19 vaccine developed by AstraZeneca and Oxford University has died, stating it had received data from an investigation into the matter, according to a […]

The post Brazil volunteer in Astrazeneca coronavirus vaccine trial has died, Brazilian health authority reports appeared first on Tech News | Startups News.

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Brazilian health authority Anvisa said on Wednesday that a volunteer in a clinical trial of the COVID-19 vaccine developed by AstraZeneca and Oxford University has died, stating it had received data from an investigation into the matter, according to a report from Reuters

The regulator said testing of the vaccine would continue after the volunteer’s death. It provided no further details, citing medical confidentiality of those involved in trials.

The Federal University of Sao Paulo, which is helping coordinate phase 3 clinical trials in Brazil, separately said that the volunteer was Brazilian but did not say where the person lived.

AstraZeneca shares turned negative and were down 1.7%.

This is breaking news. Please check back for updates.


Source: https://techstartups.com/2020/10/21/breaking-brazil-volunteer-astrazeneca-coronavirus-vaccine-trial-died-reuters-reports/

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