Giving EV batteries a second life for sustainability and profit

Instead of sending batteries straight to recycling — and leaving unrealized value on the table — startups and automakers are finding ways to reuse batteries in a small and growing market.
https://tcrn.ch/3sVFPpa

New Jersey announces $10M seed fund aimed at Black and Latinx founders

Today, in a twist, New Jersey Governor Phil Murphy has announced a proposal for a $10 million allocation in the state budget to create a seed fund for Black and Latinx startups, TechCrunch has learned exclusively. The Black and Latinx Seed Fund will be administered by the New Economic Development Authority (NJEDA). NJEDA CEO Tim […]
https://tcrn.ch/2OqexIu

Egyptian VC firm Sawari Ventures finally closes $71M fund for North African startups

Egyptian-based VC firm Sawari Ventures has closed its $71 million fund for North Africa’s rapidly growing startup ecosystem. The firm first announced its fund in 2018, when it closed an initial $35 million (which subsequently increased to $41 million) in hopes to close at $70 million, per Menabytes. The investors in the first tranche included […]
https://tcrn.ch/3dDAbld