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XCharge Closes Series B Funding Round

XCharge Closes Series B Funding Round Shell x XCharge Financing Programme Signing Ceremony and Cooperation Plan Launching XCharge, a Beijing, China-based provider of an electric vehicle (EV) charging solution in Asia-Pacific and Europe, closed its Series B funding round. Backers included Shell Ventures and other investors. The company intends to use the funds to scale up to meet the accelerated demand in charging services in fast-expanding markets. XCharge is an innovative EV charging solution provider with a wide range of AC/DC/HPC products and technologies, including V2G, load management and SaaS. In addition to public charging, the company has developed a product line specialized in e-bus, home and workplace chargers, with the backend for OTA delicacy management. Instead of manufacturing and selling charging stations, XCharge offers customizable “one-stop” charging services to enable more profitable business models, preparing its business clients towards the excit

Autonomous vehicle startup Aurora in final talks to merge with Reid Hoffman s newest SPAC

Autonomous vehicle startup Aurora is close to finalizing a deal to merge with Reinvent Technology Partners Y, the newest special purpose acquisition company launched by LinkedIn co-founder and investor Reid Hoffman, Zynga founder Mark Pincus and managing partner Michael Thompson, according to several sources familiar with the talks. Aurora declined to comment. The Hoffman, Pincus, Thompson trio, who are bullish on a concept that they call "venture capital at scale," have formed three SPACs, or blank-check companies.

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