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Tesla more than tripled its Austin gigafactory workforce in 2022

Tesla more than tripled its Austin gigafactory workforce in 2022

Tesla’s 2,500-acre manufacturing hub in Austin, Texas tripled its workforce last year, according to the company’s annual compliance report filed with county officials. Bloomberg first reported on the news. The report filed with Travis County’s Economic Development Program shows that Tesla increased its Austin workforce from just 3,523 contingent and permanent employees in 2021 to…

Equator secures $40M in commitments for fund targeting climate tech startups in Africa

Equator secures $40M in commitments for fund targeting climate tech startups in Africa

Africa contributes less than 3% of the world’s energy-related carbon dioxide emissions but the continent will be one of the most impacted by the adverse effects of climate change. Some explanations for Africa’s vulnerability include poor diffusion of technologies and information relevant to supporting adaptation, usually provided by clean or climate tech companies. Despite the…

Sequoia backs startup making it easier for businesses to invest in US Treasury Bills

Sequoia backs startup making it easier for businesses to invest in US Treasury Bills

Amit Jain, the former head of Uber’s Asia Pacific division, revealed his new venture, Zamp Finance, on Monday that simplifies the process for businesses to invest their excess capital in US Treasury bills to hedge against bank failures and other uncertainties. Zamp offers a treasury management platform that enables businesses worldwide to invest surplus cash…