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SoftBank-backed startups among those approved for US paycheck loan program

In-car monitoring technology firm Nauto Inc. was approved for $2-5 million.

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Energy technology firm Energy Vault, headquartered in Switzerland, was approved for a loan of $150,000 to $300,000. Energy Vault raised $110 million in August 2019 from SoftBank

Reuters Oakland

Four technology startups backed by SoftBank Group Corp's $100 billion Vision Fund were among the small companies approved for a U.S. pandemic aid program, according to data released by the Treasury Department on Monday.

Car-sharing startup Getaround Inc., which raised $300 million in a round led by SoftBank in 2018, was listed as approved for a $5-10 million loan. The Treasury Department provided only ranges for loan amounts, and did not identify by name those recipients seeking loans of less than $150,000.

In-car monitoring technology firm Nauto Inc. was approved for $2-5 million. It raised around $150 million in July 2017 in