investment

Opinion: Radical rethink of automotive R&D investment required in 2020

January 24, 2020 by David Edwards Leave a Comment

Continued disruption, restructuring and re-shaping of the automotive industry will be required to make increasing levels of R&D affordable whilst simultaneously representing a major growth opportunity in the year ahead, according to engineering consultancy Horiba Mira.

The proliferation of electrification and connected and autonomous vehicle (CAV) technologies will continue to be amongst the top automotive trends in 2020 which will continue to push up the already soaring costs of research and development.

Indeed, latest figures show European auto manufacturers spent a record £33.3 billion on R&D – 35 per cent more than the £24.6 billion spent in 2014/15. [Read more…] about Opinion: Radical rethink of automotive R&D investment required in 2020

Bosch increases stake in fuel-cell maker Ceres Power to €90 million

January 23, 2020 by Sam Francis Leave a Comment

Bosch is strengthening its strategic collaboration with fuel-cell expert Ceres Power by increasing its stake to 18 per cent.

Bosch, an industrial giant and a leading provider of automotive systems, previously had a stake in Ceres of 3.9 per cent.

The stake increase is achieved through a subscription by Bosch for new Ceres Power shares, as well as the purchase of further shares from existing shareholders. [Read more…] about Bosch increases stake in fuel-cell maker Ceres Power to €90 million

Severstal invests in robotics to automate advanced composites manufacturing with Airborne

January 21, 2020 by David Edwards Leave a Comment

Severstal, one of the world’s largest vertically integrated steel and mining companies, has invested in Dutch company Airborne, a developer of robotic and digital automation platforms for the production of composite parts and products with integrated composites.

Severstal joins other investors in this investment round, including Pangaea Ventures, the leading advanced materials venture capital fund, and SABIC, the world’s third largest diversified chemical company.

Airborne has developed and brought to market a unique set of digital technologies that increase the efficiency of carbon fiber composite production by automating the production process. [Read more…] about Severstal invests in robotics to automate advanced composites manufacturing with Airborne

Amazon Robotics building $40 million research and development center in Massachusetts

January 21, 2020 by David Edwards Leave a Comment

Amazon is building a new Amazon Robotics innovation hub in Westborough, Massachusetts, creating 200 tech and advanced manufacturing jobs in the process.

Opening in 2021, the company plans to invest more than $40 million in the new site to allow Amazon Robotics to continue to grow its engineering, manufacturing, support and test teams in the state.

The new 350,000 square feet facility, developed by Atlantic Management of Framingham, Massachusetts, will feature corporate offices, research and development labs, and manufacturing space and will be in addition to Amazon Robotics’ current site in North Reading – together serving as the company’s “epicenter of robotics innovation”. [Read more…] about Amazon Robotics building $40 million research and development center in Massachusetts

Naïo Technologies raises €14 million for farm robot business

January 20, 2020 by Sam Francis Leave a Comment

Startup company Naïo Technologies has raised €14 million in a new funding round to develop and expand its farming robots business.

After a first round of €3 million in 2015, the French start-up Naïo Technologies specialized in agricultural robots, announces the closing of a €14 million funding round led by Bpifrance.

Impact investor Pymwymic and Codema and its historical shareholders, Demeter and Capagro, flanked Bpifrance in this investment round. [Read more…] about Naïo Technologies raises €14 million for farm robot business

Hanwha Systems gearing up to enter air taxi market

January 20, 2020 by Mai Tao Leave a Comment

Hanwha Systems is making a $25 million investment in US air taxi startup Overair, and has received approval from the relevant authorities for the move.

Hanwha Systems and Overair research and development are planning to co-develop and bring the “Butterfly” to the US air-taxi market by the year 2025.

In early December of 2019, Youn-Chul Kim, CEO of Hanwha Systems, said that the Committee on Foreign Investment in the United States (CFIUS) approved Hanwha Systems’ $25 million investment in Overair (previously K4 Aeronautics), a leading US air-taxi startup. [Read more…] about Hanwha Systems gearing up to enter air taxi market

Universal Robots sells almost 40,000 units

January 10, 2020 by Sam Francis Leave a Comment

Universal Robots has sold almost 40,000 units to date, but says the market for collaborative robots remains “largely untapped”.

The company started selling its collaborative robots more than 10 years ago, and has become the leader in a category which it effectively created.

At the time, collaborative robots were unheard of, and industrial robots were always thought of as big, powerful machines which needed to be caged off in case of danger to human workers. [Read more…] about Universal Robots sells almost 40,000 units

Volvo invests in autonomous car software developer Apex

January 4, 2020 by David Edwards Leave a Comment

Volvo Group Venture Capital has invested in Apex.AI, a developer of software for autonomous cars and mobility.

Volvo says the investment will fund the development of a “safety-certified software framework for autonomous systems”.

Apex, a Palo Alto, California-based company founded in 2017, is building an automotive-grade version of Robot Operating System, an established open source software framework commonly used in robotics and autonomous systems research. [Read more…] about Volvo invests in autonomous car software developer Apex

Kia and Hyundai debut virtual reality system for design evaluation

December 19, 2019 by Mai Tao Leave a Comment

Kia Motors and Hyundai have debuted a new virtual reality design evaluation system at the brands’ global design headquarters.

The new system, introduced to the Namyang Research and Development Center in South Korea, demonstrates a heightened focus on enhancing vehicle development processes through the implementation of VR technology.

Kia and Hyundai displayed how new VR technology will be utilised by both brands in future. [Read more…] about Kia and Hyundai debut virtual reality system for design evaluation