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investment

Daimler Truck makes strategic investment in Apex.AI

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Apex.AI, a company developing safety-certified software for mobility and autonomous applications, says that Daimler Truck, one of the world’s leading commercial vehicle manufacturers, has made a strategic minority investment in the company.

Apex.AI has developed an industry-leading suite of automotive safety-certified software solutions, including the Apex.OS operating system.

The software suite serves as the foundational infrastructure on which smart machines operate in the automotive, agriculture, mining, IoT and industrial automation industries. [Read more…] about Daimler Truck makes strategic investment in Apex.AI

Blueprint Lab secures Australian Government contract to develop advanced robotic clearance diver technology

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The Australian government has made a $19 million investment in multiple companies for technology protecting Australian Defence Force members.

As part of this, Blueprint Lab has been awarded $1.04 million to develop remote operation systems for underwater expeditions as part of this investment.

The investment will allow the company to fast-track innovation on its world-first remote intervention manipulator systems. [Read more…] about Blueprint Lab secures Australian Government contract to develop advanced robotic clearance diver technology

Transelec strengthens its electrical system with PcVue SCADA

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Transelec, one of Chile’s leading suppliers of high-voltage systems, says it has strengthened its electrical system and improved the robustness of its operations.

PcVue SCADA (Supervisory Control and Data Acquisition) platform has been selected to control Alto Jahuel substation, the largest one of Chile National Electric System.

With almost 10,000 kilometers of lines and more than 60 substations, from the Arica y Parinacota Region to the Los Lagos Region, Transelec is the main supplier of high voltage systems in Chile. [Read more…] about Transelec strengthens its electrical system with PcVue SCADA

Amazon launches $1 billion industrial innovation fund

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Amazon is investing $1 billion into the industrial sector to “spur supply chain, fulfillment, and logistics innovation and further improve the customer and employee experience”.

The $1 billion venture investment program is called the Amazon Industrial Innovation Fund (AIIF).

As customers increasingly shop online and look for even faster delivery, Amazon says it is continuing to invent new ways to raise the bar on customer and employee experience while working with other companies focused on those fields. [Read more…] about Amazon launches $1 billion industrial innovation fund

Marine robotics specialist Vaarst raises $20 million to expand

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Marine robotics specialist Vaarst has closed on the first $20 million of its Series B round led by energy transition investor Legal & General Capital, alongside the venture capital arm of the international energy company Equinor.

Existing shareholder Foresight Group also participated alongside In-Q-Tel, the strategic investor for the US intelligence and defence communities and allied nations.

Vaarst is a leading provider of autonomy and cloud managed robotics; supporting the offshore wind, wave & tidal, scientific, maritime security, and civils industries. [Read more…] about Marine robotics specialist Vaarst raises $20 million to expand

Toyota Ventures invites innovative ideas for the ‘Factory of the Future’

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Toyota Ventures has launched its third global “call for innovation” to search for early-stage companies that can help make the factory of the future a reality sooner.

In partnership with Toyota’s Manufacturing Project Innovation Center and Toyota Research Institute (TRI), the 2022 call focuses on finding scalable solutions to modernize manufacturing and advance sustainable production.

Through May 31, 2022, qualified entrepreneurs are invited to apply to the call for an opportunity to receive between $500,000 and $2 million in venture capital funding from Toyota Ventures. [Read more…] about Toyota Ventures invites innovative ideas for the ‘Factory of the Future’

BMW invests in HeyCharge to increase electric vehicle charging points at residential locations

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BMW i Ventures took a lead investment in HeyCharge, the German start-up providing electric vehicle charging stations in apartment complexes, office buildings and other infrastructure locations.

HeyCharge was in Y Combinator’s Summer 2021 batch of start-ups.

Kasper Sage, managing partner, BMW i Ventures, says: “The rapid growth of the electric vehicle market in coming years will necessitate greater infrastructure build-out of charging solutions around the globe. [Read more…] about BMW invests in HeyCharge to increase electric vehicle charging points at residential locations

General Motors to invest $7 billion in Michigan facilities to ramp up electric vehicle production to 1 million units

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General Motors says it will invest more than $7 billion in four Michigan manufacturing sites, creating 4,000 new jobs and retaining 1,000, and significantly increasing battery cell and electric truck manufacturing capacity.

This is the single largest investment announcement in GM history. The investment includes construction of a new Ultium Cells battery cell plant in Lansing and the conversion of GM’s assembly plant in Orion Township, Michigan for production of the Chevrolet Silverado EV and the electric GMC Sierra, GM’s second assembly plant scheduled to build full-size electric pickups.

Mary Barra, GM chair and CEO, says: “We are taking the next step in our continuous work to establish GM’s EV leadership by making investments in our vertically integrated battery production in the US, and our North American EV production capacity. [Read more…] about General Motors to invest $7 billion in Michigan facilities to ramp up electric vehicle production to 1 million units

Autonomous vehicle simulation startup MorAI raises $20 million funding

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MorAI, a developer of autonomous vehicle simulation technology, has secured a $20 million Series B funding round.

The round includes investment from new investors Korea Investment Partners, KB Investment, and the state-run Korea Development Bank, as well as from existing investors Naver’s D2 Startup Factory, Hyundai Motor Group’s Zero1ne, Kakao Ventures, and Atinum Investment, bringing MorAI’s total funding to date to $25 million.

MorAI was co-founded in 2018 by three autonomous driving researchers from the Korea Advanced Institute of Science and Technology. Ever since, the company has established itself as South Korea’s sole provider of full-stack autonomous vehicle simulation solutions. [Read more…] about Autonomous vehicle simulation startup MorAI raises $20 million funding

LeddarTech raises $140 million to develop autonomous driving technology

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LeddarTech has raised investment of $140 million, which comprises a Series D first close of $116 million and debt facility of $24 million.

LeddarTech is a developer of advanced driver assistance systems (ADAS) and autonomous driving sensing technology.

FS Investors led the financing round with the participation of Investissement Québec, BDC Capital, Go Capital, certain funds managed by Fidelity Investments Canada ULC, Fonds de solidarité FTQ, Export Development Canada, ams Osram, Desjardins Capital, UI Investissement, Cowen Investment II LLC and other LeddarTech management. [Read more…] about LeddarTech raises $140 million to develop autonomous driving technology