StockGro secures $5Mn in pre-Series A round to expand operations

Indian fintech startup- StockGro has bagged USD 5 million during a pre-Series A funding round led by Velo Partners and Roots Ventures. As per an official statement by the company, it will use the raised capital to expand its user base, hire....

US automakers plan on reaching 50% new EV sales target by 2030

President Biden have called for a $174 billion government investment in electric vehicles, with $100 billion in public incentives in the U.S. Leading U.S. automakers, Ford Motor, General Motors and Chrysler parent Stellantis NV have devise....

STL joins forces with Facebook for 5G network development

STL will be the first Indian company to work with Facebook’s Evenstar Program on Open-RAN radio systems Sterlite Technologies Ltd. (STL), a firm specializing in end-to-end data network solutions, has announced its collaboration with ....

Magnis Energy bags $14.8Mn in funds to produce li-ion cells for EVs

Australia-based lithium-ion battery manufacturer, Magnis Energy Technologies has raised USD 14.79 million ($A20 million) in the latest funding round led by SBC Global Investment and Lind Partners- an asset management firm. The battery start....

Prevail Electric Mobility to set up new EV production plant in India

Prevail Electric Mobility, a subsidiary of French firm FRVelion, has devised plans to open a manufacturing site in India for e-scooters production to satisfy country’s demand for EVs as well as to cater to other markets of Sri Lanka a....

Abu Dhabi to launch world's 1st solar project that extract water from air

Abu Dhabi’s Masdar City is about to launch the world's first solar project that can provide viable volumes of continuous water supply from a sustainable source. As per official reports, the pilot project will be operated by AQUOVU....

Neuralink secures $205Mn funding from Google Ventures, others

Neuralink, the brain-chip company founded by Tesla CEO Elon Musk, has raised $205 million in a funding round directed by Vy Capital, a venture capital firm based in Dubai, as well as participants like Alphabet Inc.'s Google Ventures. Th....

Hyundai supports Teslas appeal for lowering EV import duties in India

India's second-largest automaker, Hyundai Motor India has recently backed Tesla's proposal for lower import duties on electric vehicles. In a statement, Hyundai said that any drop in import duties will be a big help to automakers to....

TPG Rise Climate Fund raises $5.4Bn to support new climate solutions

TPG Rise Climate Fund, the climate investing fund of TPG’s global impact investing platform TPG Rise, has recently raised its first close of $5.4 billion, bringing together an exclusive blend of funding from some of the top institutio....

Baby nutrition firm ByHeart nabs $90Mn in Series B funding round

ByHeart, a fully integrated infant nutrition company, has reportedly secured $90 million in Series B funding which the company plans to use for the launch of its baby formula and support the development of its pipeline of nutrition ite....