Category: Electric

Pyka and its autonomous, electric crop-spraying drone land $11M seed round
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Pyka and its autonomous, electric crop-spraying drone land $11M seed round

Modern agriculture involves fields of mind-boggling size, and spraying them efficiently is a serious operational challenge. Pyka is taking on the largely human-powered spray business with an autonomous winged craft and, crucially, regulatory approval. Just as we’ve seen with DroneSeed, this type of flying is risky for pilots, who must fly very close to the…

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Electric vehicle startup Nio lays off 141 employees at its North American headquarters
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Electric vehicle startup Nio lays off 141 employees at its North American headquarters

Electric vehicle startup Nio is laying off 141 people at its North American headquarters. According to a filing from Employment Development Department of California, the employees at its San Jose office received notice on December 6. Nio, whose global headquarters are in Shanghai, announced last month that it is partnering with Intel’s Mobileye to develop…

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General Electric (GE) Stock’s Decade of Pain May Be Over After Encouraging Q3 Earnings
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General Electric (GE) Stock’s Decade of Pain May Be Over After Encouraging Q3 Earnings

General Electric posted upbeat Q3 earnings. Free cash flow, an efficiency indicator, amounted to $650 million. Improving fundamentals suggest that the stock may have found a bottom. General Electric (NYSE:GE) is surging. The company is slowly becoming an example of how to turn a struggling industrial giant into a powerhouse. GE’s resurgence can be largely…

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