Wheego needs more cash to produce LiFe EVs, ‘living hand-to-mouth’ for now

Oh, how the winds of fortune can swirl. Just a few weeks after finally selling its first LiFe electric car to a happy couple in Atlanta, Wheego appears to have suddenly fallen on hard financial times. Very hard times. Speaking to Automotive News, CEO Mike McQuary claimed that his startup’s coffers are bare enough to jeopardize future production of Wheego’s flagship, battery-powered two-seater:

“My constraint is primarily capital. We’ll be living hand-to-mouth as we try to get the first cars built. The next 200 will creep out as we raise money.”

McQuary didn’t say how far behind schedule Wheego is at the moment, but part of the problem seems to be finding enough money to buy parts for its $32,995, 100-mile range EVs. The company’s plant in California was supposed to produce 200 vehicles a month starting in January, in the hopes of eventually churning out 60,000 a year. Those plans, however, were soon derailed, due to unexpectedly delayed approval from the National Highway Transportation Safety Administration — a setback that also hurt the company’s capital raising campaigns. The company is hoping to raise some $15 million with the help of a VC firm in Connecticut, but until it does, Wheego may not be going anywhere.

Wheego needs more cash to produce LiFe EVs, ‘living hand-to-mouth’ for now originally appeared on Engadget on Tue, 03 May 2011 09:19:00 EDT. Please see our terms for use of feeds.

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Vodafone lets Londoners pay for taxis via text message, charge their phones in transit

Mobile payment systems may be gaining only gradual steam in the US, but over on the other side of the pond, Vodafone UK has launched a broad new campaign to integrate smartphone technology where Londoners may need it most — in the back of taxis. As of today, many cab passengers will be able to charge their smartphones in transit, thanks to a wide range of chargers that the mobile carrier has installed in more than 500 of London’s iconic black vehicles. Vodafone is also rolling out a new payment scheme today, whereby cash-strapped travelers can text their cab’s license number to a specific code, allowing any owed fares to be charged directly to their phone bills. The system certainly doesn’t sound as elegant as some of the NFC-based operations we’ve heard about, but it still beats having to navigate your cab driver to the nearest ATM, with the meter tick-tocking away.

Vodafone lets Londoners pay for taxis via text message, charge their phones in transit originally appeared on Engadget on Tue, 03 May 2011 06:14:00 EDT. Please see our terms for use of feeds.

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ING Direct’s iOS app adds ‘bump’ money transfer feature for well-heeled posses

Look, violence doesn’t solve everything, but ING Direct reckons a gentle fist bump can help fix financial quarrels between you and your buddies. Recently added to the bank’s iOS app is a feature that makes use of Bump Technologies’ API, with which a physical bump between two active devices instantly triggers a money transfer, thus saving the sender from having to put in account details. ‘Course, this is only usable for transactions within ING for the time being, so you’ll have to stick to other methods for some quick and dirty mobile payments to the outside world.

ING Direct’s iOS app adds ‘bump’ money transfer feature for well-heeled posses originally appeared on Engadget on Mon, 02 May 2011 12:42:00 EDT. Please see our terms for use of feeds.

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Don-8r the panhandling robot set to make the homeless obsolete (video)

Until now, one field has been safe from robotic interference: collecting money on the street. Not for long. A space already overcrowded with guitar playing hippies, dogs in bandanas, and children carrying bright orange UNICEF boxes has a new force to reckon with. It’s Don-8r (pronounced “donator,” for those who don’t speak robot), programmed expressly to collect change and be adorable. University of Dundee student Tim Pryde created the coin-fueled robot to help raise money for charity. It’s taken a few spins around the school’s campus and has already mastered the three Ps of money collection: politeness, persistence, and performance — the latter accomplished via color changing lights in its orb-like head. Video of Don-8r doing its thing after the break.

Continue reading Don-8r the panhandling robot set to make the homeless obsolete (video)

Don-8r the panhandling robot set to make the homeless obsolete (video) originally appeared on Engadget on Tue, 26 Apr 2011 07:34:00 EDT. Please see our terms for use of feeds.

Permalink SlashGear  |  sourceTim Pryde  | Email this | Comments

NSA wants $896.5 million to build new supercomputing complex

The federal government may be cutting corners left and right, but that hasn’t stopped the NSA from requesting nearly $900 million to help beef up its supercomputing capabilities. According to budget documents released by the Department of Defense yesterday, the NSA is looking to construct a massive new High Performance Computing Center in Maryland, designed to harness plenty of supercomputing muscle within an energy efficient framework. As with many other data centers, the NSA’s $896.5 million complex would feature raised floors, chilled water systems and advanced alarm mechanisms, but it would also need about 60 megawatts of power — the same amount that powers Microsoft’s gargantuan, 700,000 square-foot data center in Chicago. According to the DoD, however, the NSA would use that juice judiciously, in the hopes of conserving enough water, energy and building materials to obtain LEED Silver certification. Another chunk of the funding, not surprisingly, would go toward fortifying the facility. The NSA is hoping to pour more than $35 million into building security and perimeter control, which would include a cargo inspection facility, advanced surveillance, and systems designed to detect any radiological, nuclear, or chemical threats. If all goes to plan, construction would wrap up by December 2015.

NSA wants $896.5 million to build new supercomputing complex originally appeared on Engadget on Fri, 22 Apr 2011 12:44:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceInformationWeek, Department of Defense [PDF]  | Email this | Comments

Walmart to Sell Samsung Infuse 4G in May for $178.88?

The Samsung Infuse 4G has yet to make its way to market, but when it does, you might be able to find it at Walmart. Rumor has it that the retail giant has been sending around circulars indicating that the Infuse and its 4.5-inch Super AMOLED Plus display will hit shelves sometime next month. The notices also mention that the device will be sold for $178.88, which would likely be bundled with a two-year AT&T contract. There hasn’t been any confirmation from Samsung, which unveiled the ultra-thin smartphone way back in January, but we’ll let you know as soon as we get word.

[Thanks, John]

Walmart to Sell Samsung Infuse 4G in May for $178.88? originally appeared on Engadget on Fri, 22 Apr 2011 08:48:00 EDT. Please see our terms for use of feeds.

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That hotel towel you’re stealing might have an RFID chip in it

For many travelers, stealing hotel towels or bathrobes is more pastime than petty crime. Hotels, on the other hand, apparently take it more seriously. So seriously, in fact, that some have begun embedding specially crafted RFID tags within their linens, just to help us avoid “accidentally” stuffing them in our suitcases before heading to the check-out desk. The chips, designed by Miami-based Linen Technology Tracking, can be sewn directly into towels, bathrobes or bed sheets, and can reportedly withstand up to 300 wash cycles. If a tagged item ever leaves a hotel’s premises, the RFID chip will trip an alarm that will instantly alert the staff, and comprehensively humiliate the guilty party. The system has already paid dividends for one Honolulu hotel, which claims to have saved about $15,000 worth of linens since adopting the system last summer. But small-time crooks needn’t get too paranoid. In addition to the hotel in Hawaii, only two other establishments have begun tagging their towels — one in Manhattan, and one in Miami. All three, however, have chosen to remain anonymous, so swipe at your own (minimal) risk.

That hotel towel you’re stealing might have an RFID chip in it originally appeared on Engadget on Wed, 20 Apr 2011 07:44:00 EDT. Please see our terms for use of feeds.

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NASA awards $270 million to SpaceX and other commercial spaceflight ventures

NASA has given its seal of approval (and a lot of money) to SpaceX and three other private companies, as part of its Commercial Crew Development (CCDev2) initiative — a program designed to spur the development of U.S. commercial spaceflight. The agency awarded a total of $270 million to the four lucky winners, with Boeing receiving $92.3 million to help develop its CST-100 capsule design, and the Sierra Nevada Corporation garnering $80 million, which will go toward its shuttle-like Dream Chaser craft. The smallest prize ($22 million) went to Jeff Bezos’ Blue Origin, which is reportedly looking to create a cone-shaped craft capable of carrying crew members into the abyss. And then, of course, there’s SpaceX, the proud recipient of a cool $75 million in NASA funds. The California-based company has already successfully launched its Falcon 9 rocket and Dragon capsule, and is currently working on the Falcon Heavy — a 22-story craft heralded as the “world’s most powerful rocket.” NASA’s extra dough should give a little boost to SpaceX’s projects, but the funds are contingent upon improvements in Dragon’s crew-carrying capacities, to be carried out over the next year. If all goes well, we may see one of these companies launch an intergalactic ‘taxi’ service by the middle of the decade. Saddle up!

NASA awards $270 million to SpaceX and other commercial spaceflight ventures originally appeared on Engadget on Tue, 19 Apr 2011 16:54:00 EDT. Please see our terms for use of feeds.

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Dish Network takes over 500 Blockbuster locations for some reason

Earlier this month, when Dish Network announced that it would be taking over Blockbuster‘s remaining assets, we openly wondered about what the deal would mean for the thousands of (mostly) empty rental stores still scattered across the country. Shuttering all of them seemed like a very real possibility, but it now looks like Dish has plans for at least a few of Blockbuster’s old stomping grounds. On Saturday, the company agreed to assume the leases for about 500 of the 1,700 Blockbuster locations still in operation, according to papers filed with a New York Bankruptcy Court. Of course, it’s still unclear what Dish plans to actually do with these stores — or, for that matter, with the Blockbuster brand, as a whole. But it certainly looks like its long-term vision may incorporate at least some of Blockbuster’s brick-and-mortar roots.

Dish Network takes over 500 Blockbuster locations for some reason originally appeared on Engadget on Tue, 19 Apr 2011 08:40:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceAP (USAToday)  | Email this | Comments

Apple spent nearly $5.7b on Samsung parts in 2010, faces ‘strong’ response to its patent suit

Want some numerical context to last night’s revelation that Apple is suing Samsung Electronics for copying the iPhone and iPad? How does $5.7 billion sound? That’s how much Apple spent on buying up parts from Samsung last year, according to the AFP, which cites the Cupertino company as Samsung’s second-biggest client after Sony. Given the breadth of Samsung’s component manufacturing, these expenditures can and probably do span everything from flash storage and RAM to processing chips to displays. What’s fascinating here — and illustrative of the psychopathic nature of corporations — is that in spite of this massive interdependency, Apple’s lodged a broadly worded patent assault on a major prong of Samsung’s business (smartphones and tablets) and now Samsung’s been quoted as saying it has “no choice but [to] respond strongly.” A company official has apparently expressed the belief that Apple may be infringing on some of Samsung’s wireless patents, which means we can probably look forward to another fat batch of papers being submitted to the Northern District of California court. Lovely.

Apple spent nearly $5.7b on Samsung parts in 2010, faces ‘strong’ response to its patent suit originally appeared on Engadget on Tue, 19 Apr 2011 04:06:00 EDT. Please see our terms for use of feeds.

Permalink   |  sourceAFP (Yahoo! News)  | Email this | Comments