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Australia’s Avarni raises $3m to speed up decarbonization efforts

AsiaTechDaily

Yammine said that to date, climate risk is one of the biggest concerns for executives, boards and shareholders and this problem is not going away anytime soon. The Financial Stability Board also created a Task Force on Climate-Related Financial Disclosures (the TCFD) to fully commit to market transparency when it comes to decarbonisation.

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Should Founders Still Raise in an Economic Downturn?

Dream It

If the investors don’t seem to be on board at the end of your pitch, ask them what milestones they would like to see you achieve to get them to write you a check in the future. In general, companies can expect to come out of accelerators at half the valuation they would otherwise have in favorable economic environments.

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OkHi gets $1.5M seed extension to scale its smart address verification service across Africa

TechCrunch

But the challenge of address verification has a broader impact on the socio-economic environment. Bolaji Balogun, CEO of Chapel Hill Denham, will join OkHi’s board. Customers use inefficient processes like utility bills or send physical agents to the address, both lengthy and costly procedures.

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Rivian delivers on Q2 revenue, expects loss to widen another $700M

TechCrunch

The company also announced the addition of former Bosch and Daimler exec Harald Kroeger to its board. Demand for the EV firm’s SUVs and trucks also kept climbing; its backlog of preorders hit 98,000 at the end of June, Rivian told investors. That slump came in May, when Ford dumped millions of Rivian shares. per share, or up 4%.

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The Station: Restructuring ripples and the next investor darling of the EV era

TechCrunch

based commercial EV company, plans to slash costs and cut as much as 30% of its workforce as it attempts to protect the business from a challenging economic environment while meeting its production targets. Arrival , the U.K.-based Audi started construction of an EV factory in China that is expected to come online in 2024.

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Daily Crunch: Game developer bans 6,700 cheaters and publishes their usernames

TechCrunch

And we have five more for you: Board already : Vinod Khosla’s advice for top VCs is to not sit on their founders’ boards , Natasha M reports. The highs and the lows : Enterprise SaaS companies continue to navigate a complex economic environment , report Ron and Alex. You can sign up here.

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Pigment raises another $65M to build the modern business planning platform

TechCrunch

Because there was an opportunity and because the current economic environment doesn’t look great. Once the data is in, you don’t have to enter the same number in multiple sheets as you can automatically reflect your metrics across the board. So why did Pigment raise again so quickly? Pigment supports Excel-like formulas as well.