Sunday, August 22, 2021

SoftBank-backed DriveWealth raises $450 million at nearly $3 billion valuation

SoftBank-backed DriveWealth has raised $450 million in fresh capital as part of a late-stage financing round co-led by private equity and venture capital firm Insight Partners and Accel, valuing the fintech firm at $2.85 billion.

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Auto companies push for easing of fuel efficiency norms

Automakers are urging the government to relax new CAFE III fuel efficiency norms, set to begin in April 2027, due to the low penetration of ...