New Money for Technology and Transport Companies

Introduction

Many companies are getting a lot of money. They use this money for robots, electric cars, and taxi apps in the USA and India.

Main Body

RJ Scaringe is a successful businessman. He got over 12 billion dollars for three companies. He knows a lot about machines and speaks clearly. People trust him with their money. Devon Gethers and Karlton Haney started a new fund called Meridian Ventures. They have 35 million dollars. They give money to new small companies in health and AI in the USA. In India, a company called Rapido got 240 million dollars. Uber also put 330 million dollars into India. These companies want to grow and have more customers in India.

Conclusion

Big companies and investors still want to spend money on new technology and transport.

Learning

πŸ’° Money Words

In this story, we see how to talk about money using simple verbs:

  • Get β†’ receive (Example: He got 12 billion dollars)
  • Give β†’ provide (Example: They give money to small companies)
  • Spend β†’ use money (Example: Investors want to spend money)

🌍 Places & People

Look at how we connect people to places:

Person + in + Place β†’\rightarrow Devon Gethers in the USA Company + in + Place β†’\rightarrow Rapido in India


πŸ› οΈ Describing things (Adjectives)

To move to A2, use simple words before the noun to give more detail:

  • Successful businessman (Good at business)
  • Small companies (Not big)
  • New technology (Modern)

Vocabulary Learning

money (n.)
A medium of exchange, usually in the form of coins or banknotes.
Example:Many companies are getting a lot of money.
trust (v.)
To believe that someone is reliable or honest.
Example:People trust him with their money.
fund (n.)
A sum of money set aside for a particular purpose.
Example:They started a new fund called Meridian Ventures.
grow (v.)
To become larger or more numerous.
Example:These companies want to grow in India.
customers (n.)
People who buy goods or services.
Example:They need more customers in India.