VENTURE CAPITAL POST

Jill Stein has already raised $6.3 million for her call for an election recount, close to the target of $7 million. The fund will be used to cover for the expenses in the recount for votes in Wisconsin, Michigan and Pennsylvania.

Fiat Chrysler is announcing a 1,300 job cuts as a result of the company’s decision to focus on producing light trucks and SUVs. American automakers are reportedly struggling to make money on other car models, such as sedan recently.

Grand Rapids, Michigan mark the highest record in venture capital investment in 2015. A venture capital firm based in the largest city of West Michigan scored a 20% increase from previous year.

Michigan's legislature approved to give $28 million on Thursday in funding to aid the residents of Flint with recovery efforts. This approval came just over a week after the funding proposed by Michigan governor.

Presence of lead beyond acceptable has plagued Ohio and as the aftermaths, the schools of this remain closed for the straight 3rd day. Before Ohio, Michigan has reported tumbled with the same issue. But after conduction of investigation, the Ohio EPA strongly believes that the operator in water treatment plant of Sebring village has presented falsified test reports. The agency has sought legal assistance from the US EPA’s Criminal Investigation Division.

GM's Maven is set to revolutionize the car-sharing and ride-sharing services with an hourly rate of $6. This has been quite an aggressive move from the conventional car-maker. However, the company is pretty confident that car-sharing section is now ready for a highly personalized, easy-to-use mobility service, which it plans to provide through its fleet of Chevrolet Spark and Tahoe.

The last time gas price in Michigan was at 47 cents was in 1973. As gas price continues its plunge, gas station in Michigan sold oil as low as that of 43 years ago on Sunday.

Michigan appears to be the first US state to enjoy gas at $0.77 a gallon. The states closer to the refineries or containing those, enjoy gas at a relatively cheaper price. In the blink of further oil price fall, the US states, who are badly hit due to falling oil price, are considering to increase gas tax. These states aim to continue development works in communication sector, which they are unable to allocate with the problem riddled economies.

Ford has succeeded in test driving its autonomous cars in snowy conditions surpassing all of its competitors. The carmaker’s self-developed 3D maps have enabled in built LIDAR and cameras to drive the autonomous car through controlled environment. But the problem hasn’t been solved totally. Still snow or rainfall makes the guidance system to falter till now.

Michigan officials on Friday signed off on four bond issues totaling $1.1 billion that would fund Detroit's exit from the biggest-ever municipal bankruptcy.

Michigan, US-based restaurant chain and pizza delivery firm Domino's Pizza launched a new mobile ordering app for iPad with a 3D pizza building feature that will give customers a visual way of customizing their pizza and when ordering for take-out or delivery.

Michigan, US-based biopharmaceutical firm ProNAi Therapeutics landed $60 million in its Series D funding round led by Vivo Capital to advance its cancer treatment drugs to the second phase of clinical trials.

Berrien Springs, Michigan-based tech incubator Rurban launched a crowdfunding campaign on Kickstarter to raise $150,000 by the end of march for the initial planning for Data Studio, a tech hub where entrepreneurs can converge and develop ideas.

Yobie Bejamin, the former Chief Technology Officer (CTO) of Citigroup, raised $1 million on via crowdfunding platform Kickstarter for hardware startup Avegant's new kind of headset called Glyph.

Seoul, South Korea-based startup investor Samsung Ventures invested an undisclosed amount in Michigan, US-based nanotech firm XG Sciences to co-develop more advanced batteries for consumer electronics.