socalTECH

JULY 28, 2021

Santa Monica-based Inspire Energy Capital, a provider of renewable energy to the residential market, has been acquired by oil and gas giant Shell, the companies said Tuesday afternoon. According to the companies, Shell New Energies US LLC (Shell), a subsidiary of Royal Dutch Shell plc, has signed an agreement to buy 100% of the equity interests of Inspire Energy Capital LLC, which is jointly headquartered in Santa Monica and Philadelphia.

Capital 203

Capital Santa Monica Acquisition Equity 203

Startup Professionals Musings

JULY 28, 2021

As an angel investor in early-stage startups, I’ve long noticed my peers apparent bias toward the strength and character of the founding entrepreneurs, often overriding a strong solution to a painful problem with a big opportunity. In other words, the entrepreneur quality is more important than the idea -- in investor jargon, people invest in the jockey, and not the horse.

Entrepreneur 165

Entrepreneur Mentor Ideas Invest 165

socalTECH

JULY 28, 2021

Electric vehicle maker Rivian is planning to spend $5 billion on a second, electric vehicle plant, according to a report from Reuters, based on a leaked document. According to the report, Mesa, Arizona might be under consideration for the plant. Plans for the new plant have not been confirmed by Rivian, which was started and has significant operations in the Irvine area.

Report 113

Report Pricing Funding Company 113

SoCal Tech Calendar

JULY 28, 2021

Tuesday, August 3, 2021 --.

100

100

Advertiser: Aggregage

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

Company

socalTECH

JULY 28, 2021

Long Beach-based Rocket Lab is getting set for a launch for the U.S. Space Force (USSF), in a few short hours, on Thursday in New Zealand, according to the company. The company said it is launching a research and development satellite into low Earth orbit (LEO) from its launch complex in New Zealand. The company said the Monolith demonstration satellite will explore and demonstrate the use of a deployable sensor, where the sensor's mass is a substantial fraction of the total mass of the spacecra

Long Beach 113

Long Beach Research Develop Development 113

socalTECH

JULY 28, 2021

Thousand Oaks-based Amgen said on Tuesday that it will pay $900M for Teneobio, a biopharmaceuticals company which is developing treatments for patients with cancer. According to Amgen, the all cash $900M deal also includes future contingent milestone payments worth up to an additional $1.6 billion in cash. Teneobio has a variety of early-stage oncology assets, including a Phase I bispecific antibody for patients with advanced prostate cancer, according to Amgen.

Thousand Oaks 113

Thousand Oaks Develop Development Company 113

socalTECH

JULY 28, 2021

San Diego-based immunology startup Aristea Therapeutics says it has raised $63M in a Series B financing round, which was led by Fidelity Management & Research Company, LLC, along with Novo Holdings A/S, plus Arena Pharmaceuticals and funds managed by Tekla Capital Management, LLC. Aristea is a spinout of AstraZeneca, and is focused on clinical development of novel immunotherapy drugs for the treatment of orphan diseases.

San Diego 100

San Diego Study Research Capital 100