Monthly Archives: July 2022

Walmart agrees to order 4,500 Canoo EVs for last-mile delivery

Walmart said Tuesday it signed an agreement to buy 4,500 all-electric delivery vehicles from Canoo, the electric vehicle startup-turned-SPAC that last quarter warned it may not have enough money to stay in business. Canoo wouldn’t share the financial terms of the deal. However, a spokesperson disclosed that these are binding pre-orders, beginning with Canoo’s branded…

Cathay Innovation launches third multi-stage startup fund at $1B

Global venture capital firm Cathay Innovation has announced its third fund, targeting €1 billion ($1.05 billion) at a broad gamut of companies and technologies around the world. With Fund III, Cathay Innovation launches what will surely be one of the largest multi-stage VC funds to emerge from Europe, encompassing series A, B, and other later-stage startups….