Skip to main content

Nissan's New Concept Powers Camping Trips With Recycled EV Batteries

Nissan has unveiled a new concept in collaboration with camp trailer manufacturer Opus - a camper powered by the Nissan Energy Roam, a new portable power pack that harnesses Nissan's electric vehicle battery technology, set for release April this year. The new power pack has a storage capacity of 700Wh and a power output of 1kW, made possible by recycled lithium-ion cells recovered from Nissan electric vehicles.

With the concept camper, Nissan says persons can go on camping trips without having to worry about power for up to seven days. When the power pack becomes exhausted, it can be removed from where it's housed within the camper and recharged anywhere via a standard 230v domestic socket, or by plugging it into a solar panel accessory.



The battery pack's storage capacity of 700Wh, although small, is capable of powering electronics like USB sockets, lighting, fridges, portable entertainment systems, microwaves and more. According to Nissan, the battery pack can be recha…

Meituan Dianping files for its long reported Hong Kong IPO


Beijing based Meituan Dianping, The internet company which provides many internet services in the consumer products and retail services market including daily deals, on-demand delivery and a series of other services has now filed to go public in a Hong Kong IPO seeking to raise up to $6 Billion as was long reported although it isn't yet currently clear the exact amount the company is raising.

Meituan which started in 2010 and has been on an expansion spree since then is notable for its backers which include Tencent who led its most previous Series C round of $4 Billion along with other names who have backed the company's previous rounds including IDG Capital, Sequioa, Coatue Management, Google, Temasek, Lightspeed Ventures and a list of others.

The IPO currently targets a valuation of over $60 Billion is earmarked to be underwritten by notable investment banks Goldman Sachs, Morgan Stanley and Merill Lynch which will handle the process of this IPO which will be one of the biggest to occur this year.

The company in its last funding round was valued at a huge $30 Billion with this IPO aiming to double the valuation for the huge company which reported revenue of $5.2 Billion last year but amidst a net loss of $2.9 Billion.





This represents a 161% year-on-year revenue increase for the company which started out as group buying site Meituan before its 2015 $15 Billion merger with restaurant and local review business Dianping.

Mobike is also notable for a recent acquisition of bike-sharing company Mobike in a deal which was in total valued at $3.4 Billion along with its major investment in various worldwide internet companies.

This IPO will provide Meituan with huge capital to hold its stand in the ever increasingly competitive Chinese internet market and with much resources for the company, The company is earmarked to invest more into its internet services to provide much more better services for its users whilst greatly increasing its revenue.

Meituan which has over 5,000 employees amongst its team directly competes with several internet companies in China including Alibaba backed food delivery company Ele.me, Didi Chuxing in the ride-hailing space and also a number of other Chinese tech companies with its wide range of consumer services.



Comments

Most Read Posts

Ex Smart Lock Startup CEO Joins Apple's Home Division

Sam Jadallah, a former Microsoft executive also known for leading now shuttered smart lock startup Otto, has joined Apple where he'll be leading its smart home initiatives, according to a CNBC report. Jadallah has also confirmed a move to Apple via his LinkedIn profile, which lists his role at Apple as "working on Home".

Just recently, Apple purchased PullString, an AI voice startup that specializes in voice enabled tech. Coupled with Jadallah's hire, it could signal big plans by the company to cement a hold in the smart home market. Apple already has several products targeted at the home, including HomeKit, its software service that enable users set up iOS devices to control compatible smart home appliances, and the HomePod, a smart speaker that competes for market share with the Amazon Echo and Google Home speakers.


Jadallah's now closed startup Otto, bet on customers paying $700 for a smart lock created by a team of engineers who hailed from the likes of GoPr…

DJI Debuts Improved Geo-Fencing System Across Europe

On the heels of the Gatwick Airport drone disruption, DJI has debuted an improved geofencing technology across Europe that'll prevent its drones from flying too close to major airports in 32 European countries. This includes the 13 countries already covered by DJI's first geo-fencing system (the use of RFID or GPS technology to place a virtual geographic boundary, enabling software to activate a response when a device enters or leaves a particular area) and 19 new countries that previously didn't have this feature.

The new system - Geospatial Environment Online (GEO) 2.0 - operates by creating three-dimensional “bow tie” safety zones bordering runway flight paths, now using complex polygon shapes around sensitive facilities compared with just simple circles used in earlier versions. DJI has chosen Unmanned Traffic Management (UTM) software provider Altitude Angel as a partner to deliver geospatial data for airports, no fly zones and other sensitive areas in the European c…

GM Cruise Is Short Of Self-Driving Miles Predictions

According to a report released on Wednesday by the California Department of Motor Vehicles (DMV), GM Cruise, General Motors' self-driving unit, clogged 450,000 self-driving miles all of last year in California where it does the bulk of its testing. This falls short of a prediction made by Cruise co-founder and then CEO Kyle Vogt 14 months ago, when GM told investors it was on the edge of putting 1 million miles on its self-driving test cars each month.

According to the report, self-driving leader Waymo clogged 1.2 million test miles in California in all of last year, a more than triple from 352,000 miles in 2017. But for consideration, Cruise was launched in 2013 compared to Waymo which clocks a decade old this year. Along with this two, other companies that test self-driving cars in the state of California include Nuro - which just raised $940 million from Softbank, TuSimple - which just raised $95 million Series D funding, Apple, Bosch, Baidu, Aurora, Ford, AutoX, Honda, Lyft, …

Nissan's New Concept Powers Camping Trips With Recycled EV Batteries

Nissan has unveiled a new concept in collaboration with camp trailer manufacturer Opus - a camper powered by the Nissan Energy Roam, a new portable power pack that harnesses Nissan's electric vehicle battery technology, set for release April this year. The new power pack has a storage capacity of 700Wh and a power output of 1kW, made possible by recycled lithium-ion cells recovered from Nissan electric vehicles.

With the concept camper, Nissan says persons can go on camping trips without having to worry about power for up to seven days. When the power pack becomes exhausted, it can be removed from where it's housed within the camper and recharged anywhere via a standard 230v domestic socket, or by plugging it into a solar panel accessory.



The battery pack's storage capacity of 700Wh, although small, is capable of powering electronics like USB sockets, lighting, fridges, portable entertainment systems, microwaves and more. According to Nissan, the battery pack can be recha…

Germany Is Lengthening Electric Company Car Tax Incentives

Germany is set to lengthen tax incentives for electric company cars, the country's Finance Minister said to a newspaper on Saturday. This is likely another attempt to boost demand for clean vehicles, after a diesel emissions cheating scandal that has rocked the auto industry, a significant one in Germany, where several automakers including Volkswagen and Daimler are headquartered.

“Half of all cars sold in Germany are company cars,” German Finance Minister Olaf Scholz said to the Frankfurter Allgemeine Sonntagszeitung newspaper. “So I have decided that we will not end tax support for electric cars and plug-in hybrid company cars in 2021 but extend them maybe over the whole decade,”.


He also said that the rules for plug-in hybrids would be tensed, so that only cars able to journey on electric power further than they do currently would be eligible. Since January, persons who ride electric company cars - in Germany - which they also use for private journeys pay less tax than compare…

Kroger Unveils Mobile Payments App And New Rewards Debit Card

Kroger - the largest grocery chain in the U.S. - has announced a new mobile payments method, "Kroger Pay", a solution that is says "securely combines a customer's payment and loyalty card information to create a faster checkout experience". Kroger Pay is available or iOS and Android devices will work this way :

A customer - who has linked a card with the app - enters their custom PIN  or bio-metricsThe app provides a single-use QR code to scan at the checkout terminal to quickly link with payment and loyalty card information (including digital coupons and personalized offers) Checkout is done
The new payment method has launched in Kroger's Columbus, Ohio division, and will roll out to 10 additional markets in the spring. A nationwide launch is planned for later this year. Kroger is also launching a new rewards debit card, a payment option that connects directly to a customer's checking account, offering benefits like bonus fuel points and Our Brands dis…

The New BMW X3 M

For those who closely follow the auto industry, You might be familiar with the recent debut of the all-new BMW X3 M and the BMW X4 M mid-size SUVs alongside their Competition variants. Here we are focusing on the X3 M, whose features include :
Seating for 565 liter fuel tank capacity7 liter engine oil capacity2500 kg maximum permissible weightA 2864 mm WheelbaseAdaptive M suspensionM TwinPower Turbo engine technologyElectrically adjustable sports seatsVernasca leather upholsteryLED headlightsDriver assistance systems (optional)


20-inch M light-alloy wheels.250 km/h top speed / 285 km/h (with optional M Driver's Package)0-100 km/h acceleration in 4.1 seconds5.3 (power-to-weight ratio)A map-regulated oil pumpThree-point inertia-reel (a reel device that allows a vehicle seat belt to unroll freely but locks it under force of impact or rapid deceleration) seatbelts.Crash sensorsA tyre pressure indicatorM compound brakes with four-piston fixed callipers and drilled, inner-vented discs

Th…

GoCardless Nabs $75 Million Series E Round

U.K. online payments startup GoCardless has announced $75 million Series E funding, led by new investors Adams Street Partners, Alphabet's GV and Salesforce Ventures, with participation from existing backers Accel, Balderton Capital, Passion Capital and Notion Capital. The Y Combinator alum has now raised $123 million in total funding.

It says it now processes $10 billion in annual transactions, with 40,000 businesses making use of its service worldwide. By the end of this year, GoCardless will operate in 35 countries and nine bank debit schemes, across the UK, Australia, Europe and North America. It also plans to get into the US market this Spring.


GoCardless was launched in 2011 by current CEO Hiroki Takeuchi and fellow entrepreneurs Tom Blomfield and Matt  Robinson. The company's founding team has quite a Midas touch, with Blomfield going on to create UK digital banking unicorn Monzo and Robinson moving on to launch Nested, a real estate startup backed by £165 million ($21…

Uber Sues NYC Over Cap On Number Of Allowed Drivers

Uber is taking New York City to court over a decision to limit the number of ride-hailing drivers allowed on the streets. As reported by Bloomberg, Uber is expected to file the suit this Friday, arguing that the city doesn't possess enough evidence to prove a claim of limiting the number of ride-hailing drivers as a way of lessening congestion.

The San Francisco headquartered company is also alleging that New York Mayor Bill de Blasio is treating the business unfairly, stating that the mayor for five years running, doesn't intend to take a look at ongoing congestion studies on their merits but has instead already bind to constantly limit the number of drivers in the city.


Uber also argues that the City of New York is overriding the state's authority to place a limit on the number of professional drivers allowed on the road. It says a limitation “will have a disproportionate impact on residents outside of Manhattan who have long been underserved by yellow taxis and mass tr…

Samsung Expects Indian Sales Of $4 Billion For New Smartphone Range

Samsung expects sales of $4 billion in 2019 for a new range of smartphones it's launching in India in the first half of this year, Samsung India's chief marketing officer, Ranjivjit Singh, said in a recent Reuters telephone interview. According to Singh, the phones, targeted at millenials, will be priced between 10,000 rupees ($141) to 50,000 rupees ($703).

Samsung's 2018 sales - for the year ended March - in India hit 373.5 billion rupees ($5.26 billion), according to regulatory filings cited by business intelligence platform paper.vc. India is the world's second largest smartphone market, dominated by China's Xiaomi (27%), followed by Samsung (22%), then brands like Vivo, Micromax and Oppo - in the last quarter of 2018 -, according to Counterpoint Research.


The country has over a billion wireless subscribers and roughly 350 million users still in adoption of basic feature phones. This counts as a big market for Samsung to hold, after hassles in China, where it h…