News Commentary | May 30, 2019
The funding will be used for two purposes: growing manufacturing capacity and expanding to more cities. Although not specifically noted in the announcement, some funds will likely also go toward development of its lower‑cost models, which will be crucial to Ather growing beyond a smaller high‑priced... Not part of subscription
News Commentary | August 08, 2019
While the original executive management group for 4M that came from RMX has remained consistent, the rest of its team has changed, stemming from the reverse merger, with the company now appointing Paresh Chari as chairman and interim CEO – a move that may be necessary but is positioned to slow down ... Not part of subscription
News Commentary | June 05, 2020
With only $2.75 billion in VC funding in January, China was on pace for one of the lowest VC investments years in the past decade. However, as the country begins to return to normalcy, VC investment has also increased, with a reported $11 billion in the first two months of Q2 – with key investments ... To read more, click here.
by Harshit Sharma
Saudi Aramco's $69.1 billion move has been coming and is an example of the size of investments oil companies will make to maneuver the energy transition. Aramco's move insulates it from the volatility of the transportation fuel market as electric vehicles grow in penetration while also giving it a foothold in the commodity chemicals market. The deal will not be emulated by any of Aramco's peers in the near future, primarily due to the weight of investment and the potential threat of oversupply in the chemicals space as Aramco invests $500 billion in the decade ahead. What remains to be seen is where the Saudi Public Investment Fund invests this capital. Similar to the Norwegian oil fund, it will likely be diversified into non-oil sectors.
For the original news article, click here .