Industry
Gobi Partners and Malaysia Venture Capital to invest in Southeast Asia tech start-ups
Gobi Partners along with Malaysia Venture Capital has created a $14.5 million investment pool to focus on tech start-ups in the Southeast Asian region.
Elon Musk Learned Hard Lesson in Energy Storage
Tesla launched Powerwall last year as a residential backup power supply. However, as the market is not enthusiastic, the company quietly remove one of its product.
Elon Musk’s SpaceX Success May Remain A Dream, Argues Neil deGrasse Tyson
Neil deGrasse Tyson has termed Elon Musk’s SpaceX project as a delusion and argues in favor of his claim. The cost involved appears to be the first hurdle since such gigantic project can’t be implemented without public funds or government patronization. The level of risk and lack of commitments for returning profits are the two other major causes behind his argument.
Macquarie Led Group Wins Approval From Louisiana Acquiring Cleco For $3.4 Billion
A group of investors led by Macquarie has reached an agreement with utility company Cleco to acquire the latter for $3.4 billion during October 2014. The acquisition proposal has previously been rejected by Louisiana PSC last month due to absence of best interest offerings to the Cleco customers. However, the deal has been approved on Monday following revised commitments from both the parties.