Latest news with #SeriesE
Yahoo
a day ago
- Business
- Yahoo
Fintech Ramp secures $22.5 billion valuation in late-stage funding round
(Reuters) -Fintech Ramp said on Wednesday it had raised $500 million at a valuation of $22.5 billion in a late-stage funding round led by investment firm ICONIQ. Ramp offers corporate cards, payment services and expense management applications. The move comes just over a month after the company secured a $16 billion valuation in a Series E funding round. The latest round brings Ramp's total equity financing to $1.9 billion.
CNA
a day ago
- Business
- CNA
Fintech Ramp secures $22.5 billion valuation in late-stage funding round
Fintech Ramp said on Wednesday it had raised $500 million at a valuation of $22.5 billion in a late-stage funding round led by investment firm ICONIQ. Ramp offers corporate cards, payment services and expense management applications. The move comes just over a month after the company secured a $16 billion valuation in a Series E funding round. The latest round brings Ramp's total equity financing to $1.9 billion.
Reuters
a day ago
- Business
- Reuters
Fintech Ramp secures $22.5 billion valuation in late-stage funding round
July 30 (Reuters) - Fintech Ramp said on Wednesday it had raised $500 million at a valuation of $22.5 billion in a late-stage funding round led by investment firm ICONIQ. Ramp offers corporate cards, payment services and expense management applications. The move comes just over a month after the company secured a $16 billion valuation in a Series E funding round. The latest round brings Ramp's total equity financing to $1.9 billion.
Yahoo
18-07-2025
- Sport
- Yahoo
Série E, fifth division, proposed for submission to CBF
The current "entry-level series" of Brazilian football is D, the Fourth Division. However, the idea advocated by many clubs is the creation of another one, the Series E. This was confirmed by Rogério Siqueira, the current president of ASA. The leader of the Alagoas club also revealed that the CBF, presided over by Samir Xaud (featured in the photo), is receptive to the ideas proposed by the members of the current last national division. Including the desire to expand the number of Brazilian Championships. "We have a meeting at the CBF with President Xaud at 11 am on the 29th, and we will discuss the evolution of the entry-level series, which today is Series D, to change the format a bit, trying to include more clubs, and also talk about the creation of Series E. There are two possibilities, either to increase the number of clubs, where the top 32 would secure participation the following year, or the creation of a Series E, which was our first proposal," he told ge. If Series E is created, the Fourth Division would have only 32 clubs - currently, there are 64, with eight groups of eight teams each. The plan for the near future would be a Series D with the same number of clubs (20) and format as the Third Division. A Fifth Division could only become a reality by 2027. And ideally, it would start with 64 clubs according to Rogério Siqueira. The possibility of ensuring a longer calendar for traditional clubs is one of the "trump cards" to bring Series E out of the realm of imagination. "Today, in the format we have, with 64 clubs, all of them enter the competition already relegated, and it happens as it did this year with clubs like Paraná, among other major clubs in Brazil, being left without a calendar. This is certainly not what the CBF wants, it is not what the teams deserve, and it is not what they need," he emphasized. Tradition abounds in Series D-2025 There are several highly relevant clubs competing in the current edition. Examples include Sampaio Corrêa, Santa Cruz, América de Natal, the aforementioned ASA, Portuguesa, and Brasil de Pelotas. ASA, Santa Cruz, and Lusa lead their respective groups and are already qualified with two rounds remaining. The Dragon also has a secured spot. Another 11 teams are guaranteed in the first knockout stage: Tuna Luso, Manauara, Altos (PI), Imperatriz (MA), Central (PE), Aparecidense, Ceilândia, Luverdense, Inter de Limeira, Barra (SC), and São José-RS. Promotion will only be celebrated by the teams that overcome three knockout stages up to the semifinals. See the standings of all groups here. And the matches of the 13th round can be checked here. And Paraná Clube? Mentioned by the ASA leader, the Tricolor from Vila Capanema will only be able to have a national division again - unless there is some change - in 2028. It was relegated again to the Paraná Second Division this year and its first goal is to return to the local elite. Only with such promotion and a good campaign in the 2027 State Championship would Paraná secure a spot in the following year's Series D. It has been three consecutive seasons away from the Fourth Division - the last participation was in 2022. Fifth place in the 2006 Series A, Paraná made history by competing in the Libertadores the following year. And it reached the round of 16. It fell to Series B in the same season and was last in the elite in 2018. The sequence included two consecutive relegations (from B to C and then to D) between 2020 and 2021. This article was translated into English by Artificial Intelligence. You can read the original version in 🇧🇷 here. 📸 MAURO PIMENTEL - AFP or licensors
Time of India
17-07-2025
- Automotive
- Time of India
Lucid stock on fire, skyrockets 30% after Uber robotaxi deal shocks market — Tesla, Waymo feel the heat
Lucid Motors just stunned Wall Street. After months of financial uncertainty and slipping stock prices, the EV startup is back in the spotlight—this time with a game-changing partnership that could redefine the future of robotaxis. In a bold move, Uber has invested $300 million into Lucid and committed to buying 20,000 self-driving SUVs powered by Nuro's autonomous tech. The result? Lucid stock soared nearly 30% in a single day, sending shockwaves through the self-driving car industry and putting pressure on longtime leaders Tesla and Waymo. What exactly is in the Uber–Lucid–Nuro deal? On July 17, Uber unveiled a strategic $300 million investment in Lucid Motors, instantly becoming its second-largest shareholder after Saudi Arabia's Public Investment Fund. But the money is just the beginning. Explore courses from Top Institutes in Select a Course Category Public Policy Project Management CXO Cybersecurity Healthcare Data Analytics Finance Data Science Leadership Digital Marketing Data Science Degree others healthcare Design Thinking Operations Management Others Product Management Artificial Intelligence MBA Management Technology PGDM MCA Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details Uber has also agreed to purchase at least 20,000 Lucid Gravity SUVs over six years starting in late 2025 or early 2026. These vehicles will be powered by Nuro's Level 4 autonomous driving technology, capable of operating without human input under specific conditions. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Kanpur: 1 Trick to Reduce Belly Fat? Home Fitness Hack Shop Now Undo To round it out, Uber also joined Nuro's Series E funding round and gained a seat on its board. It's a bold pivot by Uber—back into the robotaxi race it once seemed to abandon. Why did Lucid stock surge nearly 30%? Lucid's shares shot up almost 30% following the announcement, closing near $3.60 after hovering around $2.75 before the news. Investors had been concerned about Lucid's heavy losses—nearly $6 billion since 2023—and uncertain future. This partnership immediately changes the narrative. Live Events Here's why the market reacted so strongly: Cash infusion : Uber's $300 million gives Lucid vital breathing room. Massive pre-orders : 20,000 vehicles translate into a multibillion-dollar revenue pipeline. Validation : A tech giant like Uber putting its weight behind Lucid boosts long-term credibility. Is Nuro the secret weapon in this partnership? Nuro might be the most underrated player here. Originally focused on autonomous delivery robots, Nuro is now making a serious jump into passenger mobility. Its AV stack—capable of Level 4 autonomy—will be integrated into Lucid's premium Gravity SUVs. A prototype is already undergoing testing in Las Vegas. By securing Uber as both a customer and investor, Nuro gets a fast track to commercial scale—and suddenly looks like a real contender in the self-driving tech world. How does this affect Tesla's robotaxi ambitions? Tesla has long touted its Full Self-Driving (FSD) software and vision-based system as the key to a robotaxi revolution. In June 2025, it launched a pilot service in Austin , using modified Model Y vehicles with safety monitors onboard. But despite Tesla's enormous lead in data and ambition, the rollout hasn't been flawless: Early issues : Reports of phantom braking, wrong-way turns, and traffic signal confusion have emerged. Regulatory pressure : With safety under the microscope, national regulators are watching closely. Still, Elon Musk insists Tesla's Cybercab —its purpose-built robotaxi—will enter production in 2026. If successful, Tesla's vertically integrated approach could be unstoppable. But for now, Uber and Lucid have stolen the spotlight. What about Waymo? Is the leader now under threat? Waymo, owned by Alphabet (Google's parent), is still the most established robotaxi operator on the road. It's quietly racking up impressive stats: Over 100 million driverless miles. Operating in Phoenix, San Francisco, Los Angeles, Austin, Miami , and Atlanta . Providing more than 250,000 rides per week . Yet despite its lead in safety and scale, Waymo's business model remains costly. Each vehicle is estimated to cost around $120,000 , and profitability is still years away. HSBC analysts recently warned that robotaxis may not break even for another 7–8 years due to hidden costs like remote assistance and vehicle cleaning. Uber's entry with Lucid and Nuro might not dethrone Waymo, but it certainly raises the stakes. How do Lucid, Tesla, and Waymo compare right now? Let's break it down in terms of short-term momentum and long-term positioning: Company Short-Term Outlook Long-Term Potential Lucid Massive PR win, 30% stock surge, Uber cash lifeline High risk, high reward — if it delivers those 20K AVs, it becomes a real player by 2027 Tesla Still king in EV volume, but FSD rollout is rocky Could dominate if Cybercab and FSD get regulatory approval; upside hinges on flawless execution Waymo Safest and most reliable robotaxi tech today Long-term viability strong, but scaling costs and slow path to profit limit excitement What do analysts think about this new robotaxi race? Lucid : Benchmark analysts maintain a Buy rating after stronger-than-expected Q2 deliveries (3,309 units) and the Uber deal. They say the company now has enough cash to 'survive and scale.' Tesla : Analysts are divided. Some predict a $2.5 trillion market cap if FSD and robotaxis take off. Others warn that the technology is not yet ready for mass deployment. Waymo : Praised for its safety and engineering, but criticized for slow rollout and cost inefficiency. Still, it's widely seen as a benchmark in AV reliability. Who's winning the robotaxi war? The robotaxi space just got a lot more competitive—and more interesting. Lucid has gone from nearly written off to a surprise dark horse, thanks to Uber's faith and funding. Tesla remains the boldest player, with potential unmatched if it can overcome technical and regulatory hurdles. Waymo is the most proven, but may need a cost revolution to stay ahead. In the end, it may not be a winner-takes-all game. But one thing is clear: Uber's pivot back into autonomy has reignited the race—and Lucid is now very much in the game. FAQs: Q1. Why did Lucid Motors stock go up 30% suddenly? Lucid stock jumped after Uber invested $300 million and ordered 20,000 self-driving Lucid SUVs. Q2. How does this Lucid–Uber deal affect Tesla and Waymo? It increases competition as Lucid enters the robotaxi race against Tesla's FSD and Waymo's city rollouts.
