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Good Intentions, Perverse Outcomes: The Impact of Impact Investing!

Musings on Markets

In response, I have been told that the problem is not with the idea of ESG, but in its measurement and application, and that impact investing is the solution to both market and society's problems. It is human nature to want to make the world a better place, but does impact investing have the impact that it aims to create?

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Japan’s SoftBank Contemplates Investment In Brazil 

PYMNTS

SoftBank Group is considering a gamble on Brazil and might advise high-growth firms to invest in the country, Reuters reported on Friday (Sept. Brazil still has room to create more unicorns,” Maciel said, adding that SoftBank sees opportunities in Brazil in the areas of health, logistics, transportation and agribusiness.

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Chinese EV Startup XPeng Reaches $4B Valuation With $400M Fundraise

PYMNTS

The new investments put Guangzhou-headquartered XPeng at a valuation of almost $4 billion, the sources told Reuters. The previous funding round put the company’s valuation at $3.57 Smart mobility solutions are replacing traditional transportation. 12), citing sources. We drive change.”.

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Autonomous Delivery Startup Nuro Nets $500M In Funding On $5B Valuation

PYMNTS

According to Zhu, Nuro has now put out two versions of the autonomous delivery vehicle, including R2, which received the first and only federal exemption for an autonomous vehicle from the Department of Transportation (DOT) and the National Highway Traffic Safety Administration , per the post.

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Uber Freight To Invest $200M To Set Up Shop In Chicago

PYMNTS

Uber Freight has announced that it is investing $200 million to “put down roots” in Chicago. Chicago is consistently at the forefront of innovation, from building America’s foundational transportation systems and its first skyscraper, to fostering world-class universities and research centers.

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Rivian Close To Raising Funds At $25 Billion Valuation

PYMNTS

Soros Fund Management , Coatue , Fidelity Investments and Baron Capital Group are among the company's existing investors, Bloomberg writes. Electric truck startup Rivian Automotive , which is backed by Amazon , is near to a new funding round which would value it at $25 billion, Bloomberg reports. Rowe Price Group Inc. BlackRock Inc.

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Germany’s FlixMobility Reaches $2B Valuation With Massive Funding Round

PYMNTS

The company is an example of how startups are taking advantages of data, automation and AI to create new opportunities in the transportation field. The European Investment Bank also participated. . FlixMobility is taking advantage of laws that free up bus and tram markets and giving the space competition in a new way.