Swile raises $200 million for its employee benefits card and app

French startup Swile has raised a $200 million Series D funding round led by SoftBank Group International. With this funding round, the startup has now reached unicorn status, meaning that Swile has a valuation of $1 billion or more. Swile provides a payment card for employee benefits, such as meal

Reddit hires former Google Cloud exec as its first chief product officer

Reddit announced today that it has hired Pali Bhat, the former vice-president of product and design at Google Cloud, as the company's first chief product officer. Bhat will be tasked with overseeing Reddit's product organization and leading the development of tools and features for the plat

The Station: Tesla calls Texas home, Volvo takes the IPO path and GM lays out its $280B revenue plan

The Station is a weekly newsletter dedicated to all things transportation. Sign up here — just click The Station — to receive it every weekend in your inbox. Hello readers: Welcome to The Station, your central hub for all past, present and future means of moving people and packages from Point

First drive: 2021 Ford Mustang Mach-E GT and GT Performance offers unbridled and pricey fun

Let’s not discuss the Mustang Mach-E’s name. Not the Mach-E portion, the other part — the lineage of the pony car slapped onto an electric SUV. Those arguments are over. People have picked sides. The question of whether the Mach-E is a Mustang is irrelevant. A far more pressing qu

Ex-minister predicts ‘huge battleground’ over UK’s plan to set internet content rules

The former U.K. minster of state for what is now the digital and culture department, DCMS, has warned of the looming battle in parliament over the exact shape of incoming online safety legislation. In an interview with technewss, Ed Vaizey — a former Conservative Party MP, now Lord Vaizey of

Tiger Global backs African fintech Mono in $15M Series A round

Mono, an African startup that helps connect consumers' bank accounts to financial applications, has raised a $15 million Series A round, the company confirmed to technewss today. The round, led by Tiger Global — the VC firm's third major investment in Africa this year after Flutterwa

Mobile gaming startup Homa Games raises $50 million

Just days after Voodoo acquired Beach Bum, another French mobile gaming company has news to share. Homa Games is raising a $50 million Series A round led by Northzone. The company partners with indie game studios and acts as a publisher. Other investors in today's funding round include Singular

Gogoro launches battery swapping stations in China

Five months after announcing a deal with two of China's biggest two-wheel vehicle makers, Gogoro officially launched there today, opening 45 battery swapping stations in Hangzhou. The company's co-founder and chief executive officer Horace Luke told technewss that it targets 80 stations by

Tesla hosts festival at Berlin gigafactory to announce start of production by December

"speakable-summary" data-testid="paragraph-0">Tesla CEO Elon Musk threw a rager at the new Berlin gigafactory on Saturday — complete with bright lights, techno music, a Ferris wheel, carousel, arcade and vegetarian food trucks — to announce the start of production at the disputed site that’

It's a big moment for climate change. Here are 4 books for autumn to understand what's changing

We're just weeks away from COP26, the big environmental policy confab where scores of world leaders will descend on Scotland and determine the future of the planet, answering the question, “Should we all die or live?” That's meant a whole truckload of new books on the subject, as well a

Everything is accelerating in the exponential age

Buckle up, it's going to be a wild ride. The pace of change over the last few decades is only set to accelerate in the coming years, as improvements in biology, medicine, spacecraft, manufacturing, software and more continue to transform the very foundations of society, economics and politics.

The dark side of environmentalism

“The Ministry for the Future” by Kim Stanley Robinson isn't a book that lauds ecoterrorists. In fact, it mostly manages to avoid the subject across its many pages. Yet, at the center of its speculative account about the eponymous ministry and its leadership over the next few decades

On 10 years of ‘The Vertical Farm’

Roughly two hours pass between my initial email and our first Zoom chat — on a Sunday, no less. I skip the post-gym shower and pop on a baseball cap, because I'm not sure when the opportunity will present itself again. After more than two decades of espousing the benefits of vertical farming

How culturally deranged is our climate today?

Climate change has been the deepest, most challenging cognitive puzzle for humans to untangle these past years. It's systems on top of systems, with emergent properties that can easily turn intuitive notions into catastrophic dead ends. Every action has a reaction or 10, and improving one part