Porsche

Revolutionize Your Ride: Zaver Secures $30 Million to Bring Buy-Now-Pay-Later Option to Porsche Enthusiasts

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Zaver now has $30 million to make it a realityWe last checked in on Zaver, a Swedish B2C Buy-Now-Pay-Later (BNPL) provider in Europe, when it raised a $5 million funding round in 2021. The company has now closed a $10 million extension to its Series A funding round, bringing its total Series A to $20 million. Total investment to date stands at $30 million. In Europe, Zaver competes on BNPL with Klarna, PayPal, and incumbents such as Santander and BNP Paribas. However, Zaver’s schtick is it claims it can assess the risk on BNPL cart sizes of up to €200,000 in real time due to its risk assessment algorithms.

“German Automakers Embrace Tesla’s Charging Standard: Volkswagen, Porsche, and Audi Lead the Way”

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The announcement comes at the tail end of a procession of other automakers jumping on the charging standard, following Tesla’s announcement last year that it was opening up access. Ford added that its next generation of EVs would be integrated with Tesla’s charge port called the North American Charging Standard (NACS) starting in 2025. Since then, major automakers such as GM, Rivian, Honda, Mercedes, Hyundai, Kia, Toyota and most recently Subaru followed with their own announcements to leverage Tesla’s charging standard. Lucid, a smaller luxury EV company, announced in November it would adopt the NACs standard. The company has previously told TechCrunch it is evaluating the charging standard.