Semiconductor wafer producer SK Siltron to invest $300M in US to boost EV supply chain – TechCrunch

Reading Time: 7 minutes The United States has fallen behind China and Europe in the production and adoption of electric vehicles, especially from 2017 to 2020, according to a study by the International Council on Clean Transportation. One important piece of the puzzle that the U.S. does have supremacy in, however, is the production of semiconductors, which are used … Read more

LG Chem will invest $5.2B in battery materials through 2025 – TechCrunch

Reading Time: 4 minutes South Korea’s LG Chem has earmarked ₩6 trillion ($5.2 billion) over the next four years to build out its battery materials business. The investment comes as automakers and state regulators set targets to transition away from internal combustion engine vehicles, in a shift that will likely be the most transformative to the mobility industry since … Read more

Volvo, Daimler, Traton invest $593 million to build electric truck charging network – TechCrunch

Reading Time: 5 minutes Volvo Group, Daimler Truck and Volkswagon’s AG heavy-truck business the Traton Group announced on Monday a non-binding agreement to build a network of high-performance public charging stations for electric heavy-duty long-haul trucks and buses around Europe. The news was first reported by Reuters. The three major European automakers will invest €500 million (~$593 million USD) … Read more

BMW i Ventures announces new $300 million fund to invest in sustainable technology – TechCrunch

Reading Time: 8 minutes BMW i Ventures, the venture capital arm of BMW Group, has announced a new $300 million fund to further its investment in technologies that make transportation, manufacturing and supply chains more sustainable.  The firm doesn’t operate as a traditional corporate venture capital fund, but rather acts independently from BMW while being fully backed by the … Read more

Women’s social network Peanut launches microfund StartHER to invest in pre-seed stage startups – TechCrunch

Reading Time: 7 minutes Peanut, the maker of a social networking app for women, is entering into the investing space with today’s launch of a microfund called StartHER. As the name implies, the new fund will focus on investing in women as well as other historically excluded founders “of all ages, life stages, ethnicities and sexual orientations,” the company says. … Read more

Porsche and Yamaha invest $3.75M in e-micromobility dealership Ridepanda – TechCrunch

Reading Time: 10 minutes Online electric micromobility dealership Ridepanda has announced a raise of $3.75 million that the startup will use to build out its engineering, product and design teams to boost its e-commerce and B2B solutions. The company also wants to double down on strategic partnerships with delivery fleets and businesses offering employees commuter benefits if they purchase … Read more

Everyone wants to invest in open-source startups now – TechCrunch

Reading Time: 10 minutes Welcome back to The TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s broadly based on the daily column that appears on Extra Crunch, but free, and made for your weekend reading. Want it in your inbox every Saturday? Sign up here. Ready? Let’s talk money, startups and spicy IPO rumors. Happy weekend, everyone. I hope that … Read more