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Cadence

When people think of carbon emissions, they may imagine a traffic-jammed freeway or a plume of smoke coming out of a coal plant. But former Airbus Chief Technology Officer Paul Eremenko and his team have their sites set on a different culprit: regional aircraft.

Their company, Universal Hydrogen, is creating a kit that eliminates carbon emissions from airplanes. But the Hawthorne-based company has bigger ambitions to develop a hydrogen fuel distribution network that can be used in airports across the world. Read more...

Here's what else we're reading in the news:

  • ChowNow, an L.A.-based food ordering platform, has named Andre Manci as its new chief financial officer.
  • Lyft received 4,158 sexual assault reports between 2017 and 2019, according to its first published safety report.
  • Beyond Meat shares plummeted after the company adjusted its 3rd-quarter revenue expectations downward.
  • One hedge fund that invested in Trump's new media company has sold its stake after Digital World Acquisition shares spiked more than 100% on Friday.
  • Twitter amplifies more right-leaning political tweets than those from the left, according to the the company's research.
  • Global venture investments in HR tech startups shot up 130% from 2020, according to new PitchBook data.

Universal Hydrogen to Test the First Hydrogen-Fueled Airliner

By Decerry Donato

Universal Hydrogen is set to launch its first flight test using their hydrogen fuel cell powertrain on a 40-person passenger regional airliner in 2022. Last week, the Hawthorne-based company said it secured $62 million to accelerate its technology in time for the test flight.

Wine Subscription Company Winc Postpones IPO

By Harrison Weber

Santa Monica-based wineseller Winc has postponed its expected debut on the New York Stock Exchange. The company had planned to go public this week, valued at around $263 million. Instead, it has been pushed to a later, unknown date, a NYSE spokesperson told dot.LA.

OpenDrives Hires Ex-Activision Esports' Executive

By Samson Amore

Digital storage company OpenDrives is making a move into esports and gaming, hiring former Activision Blizzard post production lead André Rievers to help lead the effort.

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