Tech
Kering-backed fund Mirova pours $30.5M into India’s Varaha for regenerative farming
Mirova, the French climate-focused investment firm backed by Kering and other corporate heavyweights, has invested $30.5 million (€26.4 million) in Indian climate tech startup Varaha. This investment will help to expand the startup’s regenerative farming program, supporting hundreds of thousands of smallholder farmers in northern India.
The deal marks Mirova’s first carbon investment in India, but its structure is unusual. Rather than taking equity, the Paris-based firm is investing cash, and will get a share of the carbon credits generated in return over time.
This arrangement is part of Mirova’s carbon investment strategy, which channels corporate capital into verified emissions-reduction projects. The firm is an affiliate of Natixis Investment Managers and counts among its backers Gucci parent Kering, Orange, L’Occitane Group, Capgemini, Unibail-Rodamco-Westfield, and MANE. All of these are companies seeking to offset supply-chain emissions through credible carbon initiatives.
Regenerative farming — the practice of restoring soil health and enhancing biodiversity through methods such as crop rotation and reduced tillage — is gaining traction as a practical approach to making agriculture more resilient to climate change. In India, where millions of small farmers face declining soil fertility and erratic rainfall, the approach is as much about survival as sustainability.
Founded in 2022, Varaha designs and operates carbon projects across regenerative agriculture, agroforestry, and biochar. It works through a network of 48 local partners to carry out field operations and its software monitors these projects in real-time, reporting, and verifying both climate and social outcomes.
Mirova is investing in Varaha’s Kheti project, which works with farmers in the Indian states of Haryana and Punjab to adopt low-emission practices and generate verified carbon credits that can provide an additional source of income. So far, the project covers over 200,000 hectares and is expected to reach around 337,000 farmers across 675,000 hectares as it scales.
Varaha’s approach is rooted in practices tailored to India’s cropping systems, especially in the country’s rice-growing belt. The startup focuses on direct seeding of rice and incorporating crop residue into the soil — a crucial alternative to the widespread practice of burning stubble after harvest, Madhur Jain, co-founder and CEO of Varaha, said in an interview.
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“Instead of burning the residue, you use agricultural machinery to cut it on the farm and mix it back into the soil,” he told TechCrunch.
The startup also promotes reduced tillage, cutting back from multiple ploughing rounds to just one or two, which helps conserve soil carbon and improve the soil’s capacity to store more over time.

The startup plans to use Mirova’s investment to help it procuring the machinery needed to implement regenerative practices.
“If you have to do direct seeding of rice rather than transplanting, which requires a lot of water, you need thousands of direct seeders,” said Jain. “Because this isn’t yet a conventional practice, the number of seeders available in the market is much lower than what’s required. So you need to go to the manufacturers and get them. Similarly, for crop residue incorporation, you need machines such as happy seeders and super seeders.”
The credits generated under the program will be verified using Verra’s VM0042 methodology, with a revenue-sharing model designed to channel proceeds directly to participating farmers. The project is also seeking Climate, Community & Biodiversity (CCB) certification from Verra, a non-profit, which recognizes land management projects that deliver co-benefits for the environment, local communities, and biodiversity.
While Verra is one of the key organizations verifying carbon credits globally, it has faced criticism following investigations that suggested some projects it approved may have overstated their carbon savings.
Varaha still prefers to use Verra for its regenerative farming project because the non-profit is the only one offering the “most advanced scientific methodology in soil carbon.” Jain said. However, he added that Varaha is not tied to any single registry and works with other leading standards including Puro and Isometric.
“On the soil organic carbon side, none of Verra’s credits have been questioned so far by anyone,” he said.
In addition to cutting emissions, Varaha’s tech is intended to improve soil health, reduce water use, limit chemical inputs, raise crop yields, lower farming costs, and contribute to cleaner air. The startup also plans to develop dedicated programs for women farmers, aiming to strengthen gender inclusion within rural communities.
Varaha’s worldwide reputation was helped by an agreement it signed earlier this year with Google, in what it described as the world’s largest biochar carbon removal deal. The tech giant will purchase 100,000 tons of carbon dioxide removal credits from the startup by 2030.
Varaha’s investors include RTP Global, Omnivore, Orios Venture Partners, IMC Pan Asia Alliance Group’s Octave Wellbeing Economy Fund, and Japan’s Norinchukin Bank. The startup has raised $12.7 million in venture funding to date, including $8.7 million from a Series A round last year.
Tech
Waymo starts autonomous testing in Philadelphia
Waymo is adding another four cities to its growing list of robotaxi rollouts. The company announced Wednesday it has begun testing its autonomous vehicles (with a safety monitor) in Philadelphia, and that it will start manual driving to collect data in Baltimore, St. Louis, and Pittsburgh.
Waymo did not offer a timeline for when it plans to launch commercial services in those locations, nor do we know whether the Alphabet-owned company will partner with other companies to operate robotaxis in each one. That has been the move in cities like Atlanta and Austin, for example, where Waymo has partnered with Uber to advance its robotaxi rollout.
But the new locations join a list of over 20 cities where the company is either offering rides, prepping a commercial launch, or testing. Waymo is also now offering rides on freeways in Los Angeles, Phoenix, and the San Francisco Bay Area. The company plans to be doing one million rides per week by the end of 2026.
Waymo has done all this while claiming to be operating at a level five times safer than humans, according to data the company recently released.
But the expansion has not come without its issues. The National Highway Traffic Safety Administration is investigating how the company’s vehicles operate near school buses, after a Waymo was filmed driving around a stopped bus in Atlanta in September.
This week, Austin news outlet KXAN published a report showing Waymo’s vehicles have driven past school buses that were in the process of unloading or loading children multiple times — including after Waymo claims to have shipped software updates to address the problem.
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Tech
Spotify Wrapped 2025 adds its first multiplayer feature with ‘Wrapped Party’
Spotify Wrapped is back. After last year’s widely criticized flop that included an AI podcast as its highlight, the streamer’s highly anticipated annual review feature has returned to its roots. This year, Spotify is doubling down on what it knows works best: deep dives into your streaming data, creative experiences, messages from favorite artists, and other social features.
The company claims that Wrapped 2025 is its biggest, as it’s introducing nearly a dozen new features in addition to its old standbys, like top songs and artists. Plus, it’s offering more visibility into users’ data than in years past. For the first time, Spotify Wrapped is adding a live multiplayer feature to compare your listening data with friends.
Wrapped Party, Wrapped’s first live interactive experience, allows you to invite up to nine friends to compare listening stats.

Also new this year, your Top Songs Playlist will include the play counts for each of the top songs, so you can actually see how much time you spent with your favorite tracks.
Other standout features this year include an interactive Top Song Quiz, a Listening Age feature, and Wrapped Clubs, which match you to one of six unique listening styles.
The company believes these additions will not only bring back the personalized, engaging experience that users have long expected from Wrapped, but will take it a step further by making it more interactive than before.
In the Top Song Quiz, for instance, you can try to guess which top song soundtracked your year before seeing the results.
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The new interactive Wrapped Party feature isn’t just about comparing the personal streaming data you’ve already received to your friends’ data, as that’s something people already do on social media. Instead, the feature presents unique data stories for your group, like who’s the “most obsessed fan,” the “early bird,” the most “picky listener,” or even something as nice as the “dinner table explainer,” meaning the person who listens to the most news podcasts.

Spotify says these awards update dynamically every time you join a Wrapped Party, so no two sessions are ever the same — even if you run through them again with the same group of friends.
The new Wrapped Clubs, meanwhile, will group you into one of half a dozen listening styles, like the “Soft Hearts Club,” the “Club Serotonin,” the “Full Charge Crew,” the “Cosmic Stereo Club,” and others. You’ll also receive a role in the club based on your listening data. You might be a club leader if your listening choices strongly matches the club’s values, a scout if you’re always seeking out new releases, or an archivist if you listen to music from past eras.

Another feature, Listening Age, compares your 2025 music listening to others in your age group. To calculate your age, the feature considers the release years of the tracks you listen to most. From there, it identifies the five-year span of music that you engaged with more than other listeners your age.

As in prior years, you’ll see your top songs, top artists, top genres, and, for the first time, top albums. If you engaged with audiobooks and podcasts, you’ll see metrics for those as well. Artists, writers, and podcasters will have their own version of Wrapped as before. And top fans will again receive video messages from their favorite artists, podcasters, and, now, authors.
You’ll also receive a playlist of your top songs of the year, as before.

What you won’t find in this year’s Wrapped is any feature that advertises it was made with AI.
In a press briefing on Tuesday, Spotify’s Senior Director of Global Marketing, Matt Luhks, admitted the company received a “lot of feedback” about its 2024 AI-focused Wrapped experience, saying it was a “mix of positive and ‘more constructive feedback,’” despite the feature driving more engagement than prior years.
“We take all of that in. We use that as information, insights, [and] inspiration for how we approached Wrapped this year,” he said in a press event ahead of today’s launch.
“What our users tell us about Wrapped means a lot to us, so it was really informative in how we approached Wrapped this year. And what we tried to build was the most creative, most innovative, most engaging Wrapped ever,” he added, setting a high bar for the 2025 edition of the now 11-year-old annual year-in-review feature.
“We’re the original and, we believe, still the best,” Luhks said.

Still, AI was a part of the Wrapped experience. Though the company claims the overall experience was not made with AI, it does leverage a LLM (large language model) to add a storytelling layer to Wrapped’s facts and figures, and natural language summaries in other parts of its experience, looking back on your data.
Spotify’s attempt to fix Wrapped after a notable stumble comes as the streamer faces increased competition from Apple, Amazon, YouTube, and others, which have all launched their own annual review features, inspired by Wrapped.
“Everyone seems to have their own version of Wrapped. Now, there’s a lot of reviews and replays and rewinds out there, but we believe that Wrapped still sets the bar for these year-end recaps,” Luhks said.
Along with the consumer experience, Spotify shared its top artists, songs, albums, podcasts, and audiobooks for the year, with top winners that included, respectively, Bad Bunny (top song and album), Joe Rogan (“The Joe Rogan Experience” podcast), and Rebeca Yarros (author of “Fourth Wing”).
Tech
Nothing looks to its community to raise $5M, wants to be ‘IPO-ready’ in 3 years
Hardware maker Nothing is letting its user base buy its stock as part of a new community investment round of $5 million. The new round, which opens on December 10, will enable consumers to buy the company’s shares at its Series C valuation of $1.3 billion.
The company said it has so far raised $8 million in total from over 8,000 people across two previous community investment rounds. It held its first community funding event in 2021, aiming to raise $1.5 million.
“This isn’t about raising capital, it’s about giving our community/fans a chance to invest while we’re private and join us on the journey,” a spokesperson for Nothing told TechCrunch.
Community investors have a rotating seat on the company’s board, but it is unclear what else they get for investing in the company through such rounds.
Nothing raised $200 million in its Series C back in September from investors including Tiger Global, GV, Highland Europe, EQT, Latitude, I2BF and Tapestry. The company has raised $450 million to date.
The community round comes as Nothing makes changes to its corporate structure as it tries to increase its share of a smartphone market dominated by giants like Samsung and Apple. The company is spinning off its budget CMF brand, and plans to explore AI-centric devices while it keeps building smartphones and audio products. And Nothing claims it crossed $1 billion in cumulative revenue this year, up 150% from 2024.
The startup is working to be “IPO-ready” in three years, CEO Carl Pei told TechCrunch in an email. “The timing will depend on market conditions and what makes sense for the business at that point in time,” he said.
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“What’s important is that we’re already operating with that discipline now. We’re building the systems, the governance, the financial discipline that a public company needs. It forces us to think longer-term and make smarter decisions that prioritise sustainable growth,” Pei added.
It’s not clear if Nothing aims to raise another round before an IPO. When asked about its fundraising plans, a Nothing spokesperson said the company is not thinking about raising capital immediately, but it wouldn’t be averse to those conversations.
Those interested in investing in the community round can use platforms like Wefunder and Crowdcube to participate.
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