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Qcells investing $2.5 billion in US solar power manufacturing facility

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Qcells is building a solar power manufacturing facility in Georgia, US, with a historic investment of $2.5 billion.

This is believed to be the largest solar investment in US history and will offer significant benefits to the state and national economies.

Gray Construction, a specialist builder in the manufacturing industry, and Stantec, an expert in sustainable design, were selected to provide construction, architecture, mechanical, electrical, plumbing engineering, structural, civil engineering, as well as environmental, water, and wastewater services. [Read more…] about Qcells investing $2.5 billion in US solar power manufacturing facility

Raytheon invests in H55 to advance electric propulsion technologies for airplanes

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RTX Ventures, the venture capital arm of Raytheon Technologies, has made a minority investment in electric propulsion system company H55 to drive the development of electric aviation solutions.

The investment in H55 aligns with Raytheon Technologies’ longstanding leadership in the development of innovative and sustainable propulsion technologies.

H55, a Swiss company, is a leading enabler of electric propulsion solutions and battery systems. The team has proven ability in developing, integrating and flight-testing electric propulsion systems, including Solar Impulse, the first solar-powered electric airplane to fly around the world. [Read more…] about Raytheon invests in H55 to advance electric propulsion technologies for airplanes

Volvo invests in Waabi to strengthen autonomous truck offering

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Volvo Group Venture Capital has invested in the Canadian-founded company Waabi Innovation, which developing “next generation” autonomous trucking technology.

The companies says the investment highlights their shared commitment to “redefine the way we move goods and to accelerate the deployment of future transport solutions”.

Martin Witt, president of Volvo Group Venture Capital, says: “The company Waabi is using advanced artificial intelligence technology to test, assess skills, and ultimately teach a virtual driver to maneuver safely and efficiently in a commercial-ready autonomous trucking solution. [Read more…] about Volvo invests in Waabi to strengthen autonomous truck offering

Recycleye raises additional $17 million in Series A funding

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Recycleye, provider of what it claims is “the most adapted and robust AI-driven solution for sorting dry mixed recycling”, has closed a $17 million Series A financing round, led by deep-tech venture capital firm DCVC.

Recycleye uses AI-powered waste-picking robots to lower the cost of sorting materials. This ground-breaking technology is turning the world’s waste into resource and delivering data essential for dynamic decision-making in a Material Recovery Facility (MRF).

The new investment will be used to further improve the uncommon accuracy of Recycleye’s sorting. [Read more…] about Recycleye raises additional $17 million in Series A funding

Lockheed Martin Ventures invests in on-demand manufacturing startup Machina Labs

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Machina Labs has completed an investment by Lockheed Martin Ventures (LMV), the venture arm of Lockheed Martin Corporation, a global security and aerospace company.

Machina Labs combines AI and robotics to rapidly manufacture advanced sheet metal products. This latest funding brings the total raised by Machina Labs to $21.8 million.

The investment will be used to accelerate company growth to meet customer demand, and to expand R&D into additional processes and metallurgical offerings. [Read more…] about Lockheed Martin Ventures invests in on-demand manufacturing startup Machina Labs

TTTech Auto expands in China with software platform for automated driving

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TTTech Auto, the Austria-based technology company specialising in automotive safety software, is expanding its operations with a dedicated subsidiary in China.

The new TTTech Auto branch in Shanghai will bring its expertise and the series proven safe vehicle software platform, MotionWise, to car manufacturers, Tier 1 suppliers and partners to the rapidly developing Chinese automotive market.

TTTech Auto already has a presence in the Chinese market through its joint venture Technomous operated together with SAIC Motor, China’s largest automotive manufacturer. This further expansion, with an office in Shanghai, is part of the growth strategy in light of a $285 million (EUR 250 million) investment from Aptiv and Audi announced earlier this year. [Read more…] about TTTech Auto expands in China with software platform for automated driving

Bowe Group leads $8.2 million investment round in robot software company Mov.ai

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Bowe Group, a provider of integrated automation technology, has led an $8.2 million investment round in Mov.ai, a startup specializing in autonomous mobile robots software.

The investment round includes Mov.ai’s existing investors State of Mind Ventures, NFX, and Viola Ventures.

Automation is playing an increasingly important role in the supply chain, specifically in intralogistics, with robots at the forefront of this trend. [Read more…] about Bowe Group leads $8.2 million investment round in robot software company Mov.ai

Numurus secures $2 million to grow its open-source robotic applications software business

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Numurus, a robotic solutions company and developer of NEPI, a commercial open-source software solution for robotic and smart sensing applications, has secured $2 million in funding led by Tokusui Corporation of America.

The startup says the funds will help it to establish its position in the rapidly growing robotics and smart sensing markets.

Combined with previous funding, this investment fortifies Numurus’ first-to-market entrance with its fully-developed NEPI software suite that focuses on edge artificial intelligence (Edge AI), sensor and data abstraction, and system interfacing. [Read more…] about Numurus secures $2 million to grow its open-source robotic applications software business

ABB invests in Scalable Robotics to expand welding systems portfolio

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ABB is entering into a strategic partnership with US-based startup Scalable Robotics, to enhance its portfolio of user-friendly robotic welding systems.

Through 3D vision and embedded process understanding, the Scalable Robotics technology allows customers to easily program welding robots without the need for coding.

ABB Technology Ventures (ATV), the venture capital unit of ABB, will be the lead investor in Scalable’s seed funding investment round. ABB did not disclose the level or the terms of the investment. [Read more…] about ABB invests in Scalable Robotics to expand welding systems portfolio

How investfox connects traders with the best possible brokers with the help of filters?

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Getting your feet wet in the investment industry is a bit of a complicated process. The first thing you need to do to make your trading process more efficient and beneficial is to find a financial service provider that will furnish you with proper tools, charts, trading platforms, accounts, and so forth.

As the demand for brokers increases as time goes by so does the competition between the financial companies. All of this makes it hard to find the most suitable brokerage for you. On top of that, as the investment space expands more and more scum and fraud cases are skyrocketing.

Investfox.com – a newly launched European startup – comes with solutions. This is a platform that aims to make the investment industry more transparent with the use of both experts and user-generated reviews and in addition to that, the process of choosing the right broker for you can become quite simple for both novice or seasoned traders. [Read more…] about How investfox connects traders with the best possible brokers with the help of filters?