Group14 lands 3M from SK, Porsche, and others to make silicon anodes for EVs

Group14 lands $463M from SK, Porsche, and others to make silicon anodes for EVs

Battery materials startup Group14 announced Wednesday it has closed a $463 million funding round to expand its manufacturing footprint, a sign that investors remain confident in the future of electric vehicles. The startup manufactures silicon anode materials, which significantly boost the storage capacity of lithium-ion batteries. Group14 currently operates three factories, two in the U.S….

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TDK backs Ultraviolette with M to take India-made electric motorcycles global

TDK backs Ultraviolette with $21M to take India-made electric motorcycles global

Two months ago, Indian electric motorcycle startup Ultraviolette expanded into 10 European countries. Now, fueled with $21 million in an all-equity round led by the corporate venture arm of Japanese electronics giant TDK Corporation, Ultraviolette is putting its expansion plans into overdrive. The nine-year-old startup plans to grow its European footprint fourfold, enter other motorcycle-driven…

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Security flaws in a carmaker’s web portal let one hacker remotely unlock cars from anywhere

Security flaws in a carmaker’s web portal let one hacker remotely unlock cars from anywhere

A security researcher said flaws in a carmaker’s online dealership portal exposed the private information and vehicle data of its customers, and could have allowed hackers to remotely break into any of its customers’ vehicles. Eaton Zveare, who works as a security researcher at software delivery company Harness, told TechCrunch the flaw he discovered allowed…

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