The Mercedes-Benz plant in Düsseldorf celebrated its 60th anniversary in April this year, and with that the next milestone on 5th October: the production of the 5 millionth van. As a van plant of the first hour, the ‘Bremer’ and the ‘Düsseldorfer’ rolled off the production line here as early as 1995. The 5 millionth van is an eSprinter, which has been produced in Düsseldorf since the end… Continue reading @Daimler: Production anniversary in Düsseldorf: 5,000,000 vans with the three-pointed star
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Chinese energy storage startup Hithium raises $278m in Series B roundThe proceeds will be used for equipment procurement, and investment in R&D, among…
Hithium has raised over 2 billion yuan ($277.9 million) in a Series B round of financing led by ABC International, the investment banking unit of the Agricultural Bank of China (ABC), as the Chinese energy storage startup gears up to expand its production capacity. Matrix Partners China, new energy-focused Fenghe Capital, Dayone Capital, Shanghai-listed metal… Continue reading Chinese energy storage startup Hithium raises $278m in Series B roundThe proceeds will be used for equipment procurement, and investment in R&D, among…
India is a key market within Asia for EQT, says CEO Christian Sinding
Swedish private equity firm is “particularly excited” about investment opportunities in India as a key market within Asia, according to the firm’s CEO and managing partner Christian Sinding. During EQT’s Q3 2022 conference call on Tuesday, he said the Indian market offered excellent deal opportunities, driven by the country’s tech services and next-generation software companies.… Continue reading India is a key market within Asia for EQT, says CEO Christian Sinding
Vertex Ventures set to raise nearly $500m for China-focused fund
Venture capital firm Vertex Ventures, backed by Singapore state investor Temasek, is set to raise nearly $500 million for a new fund that will invest in efforts to step up China’s domestic tech development, a senior executive said. The new fund’s size will exceed an initial target of $400 million, compared with an earlier, similar fund that… Continue reading Vertex Ventures set to raise nearly $500m for China-focused fund
Indonesia sets up $1b fund to improve access to clean water
Indonesia has launched a $1 billion fund that will invest in projects providing clean water access throughout the archipelago, according to a statement. Dubbed the Indonesia Water Fund (IWF), the government has assigned state-owned fund management firm PT Danareksa, construction company PT Nindya Karya, and water management companies Perum Jasa Tirta 1 and Perum Jasa… Continue reading Indonesia sets up $1b fund to improve access to clean water
Equip Exposition: Grammer seating solutions on display at America’s largest turf care show
The highlight at Grammer’s stand will be the 2700 Series seat tops for various turf care vehiclesFormerly known as GIE+EXPO, Equip Exposition will be running from October 18 to 22 in Louisville, Kentucky, U.SWith an exhibition space of around 63,000 square meters and 1,000 exhibitors, the event is expected to attract 20,000 visitors. Grammer AG,… Continue reading Equip Exposition: Grammer seating solutions on display at America’s largest turf care show
Velodyne Lidar Signs New Multi-Year Agreement with Visimind
SAN JOSE, Calif.–(BUSINESS WIRE)–Velodyne Lidar, Inc. (Nasdaq: VLDR, VLDRW) today announced a new multi-year agreement with Swedish company Visimind Group to provide customers in the EMEIA region with integrated solutions, including mapping and vegetation management, powered by Velodyne’s lidar technology. This agreement further strengthens the long-standing partnership between Visimind and Velodyne Lidar, including a 3-year… Continue reading Velodyne Lidar Signs New Multi-Year Agreement with Visimind
VTrips Partners with Beyond to Scale Pricing and Revenue Management Across Portfolio of 5,000+ Vacation Properties
Since Implementing Beyond’s Revenue Management Platform, VTrips Increased its Reservations by 20% YoY SAN FRANCISCO, Oct. 18, 2022 /PRNewswire/ — Beyond, a revenue management solution for short-term rental managers and owners, is proud to announce its partnership with VTrips, one of the largest and fastest-growing vacation rental management companies in the United States. VTrips selected… Continue reading VTrips Partners with Beyond to Scale Pricing and Revenue Management Across Portfolio of 5,000+ Vacation Properties
ZIPS Car Wash Acquires Jet Brite Car Wash, Expanding into Chicagoland
ZIPS Completes 25th Acquisition Transaction in 2022 CHICAGO, Oct. 18, 2022 /PRNewswire/ — ZIPS Car Wash announces the acquisition of Jet Brite Car Wash, an 11-store mega car wash chain based in Chicago. This acquisition includes three additional sites currently under development and brings ZIPS into the Chicagoland area further expanding its Midwest presence. This is ZIPS… Continue reading ZIPS Car Wash Acquires Jet Brite Car Wash, Expanding into Chicagoland
Jackpocket Hits Major Milestone: 20 Millionaires Made and Over $190M In Prizes Won
Lottery App Celebrates Big Wins For Players Across U.S. NEW YORK CITY, Oct. 18, 2022 /PRNewswire/ — Today Jackpocket, the leading third-party app in the U.S. to provide a secure way to order official state lottery tickets, announced a major milestone as 20 millionaire winners across the U.S. have hit it big on the app. Additionally,… Continue reading Jackpocket Hits Major Milestone: 20 Millionaires Made and Over $190M In Prizes Won