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  • Shippo raises $45M more at $495M valuation as ecommerce booms

    6 days ago - By TechCrunch

    This morning Shippo , a software company that provides shipping-related services to ecommerce companies, announced a new $45 million investment. The new capital values the startup at $495 million. TechCrunch is calling the new funding a Series D as it is a priced round that followed its Series C; the company did not award the round a moniker.
    Shippo's 2020 Series C, a $30 million transaction that was announced last April, valued the company at around $220 million. D1 Capital led both Shippo's Series C and D rounds, implying that it was content to pay around twice as much for the company's...
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  • We all want EVs that charge in 5 minutes, but don't bet on it

    We all want EVs that charge in 5 minutes, but don't bet on it

    6 days ago - By The Next Web

    EVs are super fast, ultra quiet, and brilliantly futuristic. They are what MP3 is to vinyl, an all-round much better idea for the everyday. While EV batteries and charging infrastructure are improving, the reality is that it still takes many hours to fully charge the average electric car. But that seems to be changing. Last month, news surfaced that a battery tech company had managed to achieve the seemingly impossible: develop an EV battery that can fully charge in five minutes. Naturally, my attention was grabbed, it sounds too good to be true. I had to look deeper. So how...
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  • ChargeLab raises seed capital to be the software provider powering EV charging infrastructure

    6 days ago - By TechCrunch

    As money floods into the electric vehicle market a number of small companies are trying to stake their claim as the go-to provider of charging infrastructure. These companies are developing proprietary ecosystems that work for their own equipment but don't interoperate.
    ChargeLab , which has raised $4.3 million in seed financing led by Construct Capital and Root Ventures, is looking to be the software provider providing the chargers built by everyone else.
    “You'll find everyone in every niche and corner,” says ChargeLab chief executive Zachary Lefevre. Lefevre likens Tesla to Apple with...
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