Singaporean electronic brand Prism+ has raised $32 million from TNB Aura while Australian venture capital firm Blackbird has invested in health tech startup Sonder’s Series B funding round. In M&A news, Animoca Brands has agreed to acquire WePlay Media, a racing video game developer. Prism+ bags $32m from TNB Aura Singapore-based home appliance startup… Continue reading Asia Digest: TNB Aura invests in Prism+; Blackbird backs Sonder; Animoca Brands to buy WePlay MediaHome appliance startup Prism+ has secured $32m in s…
Category: Automotive
Sequoia China-backed IC materials maker Deer grabs $290.5m in pre-IPO round
Fujian Deer Technology Corp, a Chinese manufacturer of materials used in applications like integrated circuits (ICs), flat-panel displays, and optical fibers, has secured 2.036 billion yuan ($290.5 million) in its pre-IPO funding. Anhui Transportation Zhaoshang Industry Investment Fund, a 5-billion-yuan ($713.6 million) fund backed by expressway operator Anhui Transportation Holding Group in eastern China, led… Continue reading Sequoia China-backed IC materials maker Deer grabs $290.5m in pre-IPO round
German Handelsblatt: IPO: Porsche sets price range for IPO – valuation of up to 75 billion euros005222
Porsche From the end of September, investors can trade Porsche shares on the stock exchange. (Photo: Reuters) When it goes public, sports car manufacturer Porsche expects a valuation of 70 to 75 billion euros. In a meeting of the supervisory board on Sunday, the parent company Volkswagen set a price range of 76.50 from 82.50… Continue reading German Handelsblatt: IPO: Porsche sets price range for IPO – valuation of up to 75 billion euros005222
WeRide Launches the First Self-driving Robobus Test Ride in Saudi Arabia at 2022 Global AI Summit
RIYADH, Saudi Arabia, Sept. 19, 2022 /PRNewswire/ — WeRide, a global leading company in autonomous driving, collaborated with the Saudi Company for Artificial Intelligence (SCAI) to launch of the first dynamic display route of the driverless robobus (WeRide Mini Robobus) at the 2022 Global AI Summit held in Riyadh, the capital of Saudi Arabia. This is the first fully… Continue reading WeRide Launches the First Self-driving Robobus Test Ride in Saudi Arabia at 2022 Global AI Summit
Rotavator Market to record USD 349.83 Mn growth — Driven by growing need for nutrient protection in agriculture fields
NEW YORK, Sept. 19, 2022 /PRNewswire/ — The global rotavator market size is expected to grow by USD 349.83 million between 2021 and 2026, accelerating at a CAGR of 3.88% during the forecast period. The report provides a comprehensive analysis of the competitive scenario, pre- and post-pandemic impact on businesses, product launches, successful strategies adopted… Continue reading Rotavator Market to record USD 349.83 Mn growth — Driven by growing need for nutrient protection in agriculture fields
Scania at IAA 2022: Visionary solutions brought to life
SÖDERTÄLJE, Sweden, Sept. 19, 2022 /PRNewswire/ — When Scania returns to the first IAA fair since 2018, it is with a massive demonstration of its capability for providing sustainable transport solutions. Fourteen different vehicles are on display in three different areas. And they are fitted into a frame of services that form the industry’s broadest… Continue reading Scania at IAA 2022: Visionary solutions brought to life
Fab Equipment Cybersecurity Standards and Supply Chain Security are promoted by the Administration for Digital Industries, Ministry of Digital Affairs and Semiconductor Industry
TAIPEI, Sept. 19, 2022 /PRNewswire/ — In assisting the semiconductor industry to improve cybersecurity resilience, the Administration for Digital Industries, Ministry of Digital Affairs (hereinafter referred to as “adi”) is collaborating with SEMI, semiconductor industry associations and industry businesses to hold a “Semiconductor Equipment Cybersecurity Promotion Conference” on Sep 14th at SEMICON Taiwan 2022. Guests… Continue reading Fab Equipment Cybersecurity Standards and Supply Chain Security are promoted by the Administration for Digital Industries, Ministry of Digital Affairs and Semiconductor Industry
E-vehicle sales see sharp uptick in Rajasthan
Jaipur: The popularity of electric vehicles is gaining momentum in Rajasthan, where the number of such vehicles has jumped six times in three years, as people are increasingly adapting to the emerging mobility model. Looking at the comfort and easy mobility in city life, the sale of two-wheelers is the highest, while the sale of… Continue reading E-vehicle sales see sharp uptick in Rajasthan
Dollar off 20-year peak as Fed headlines big central bank week
TOKYO – The dollar held about 1% below a two-decade peak versus major peers at the start of a week that sees some dozen central bank decisions, headlined by the Federal Reserve on Wednesday and followed by the Bank of Japan and Bank of England the next day. The dollar index, which measures the currency… Continue reading Dollar off 20-year peak as Fed headlines big central bank week
Scorpion Yachts is the world’s first to trade ownerships in NFTs
AMSTERDAM, Sept. 19, 2022 /PRNewswire/ –Scorpion Yachts will be the first in the world to convert half of its charter fleet totaling 8 million in Miami, The Hamptons, Ibiza, Mallorca and St Tropez to co-owner Non-Fungible Token-NFT based on smart contract technology on the blockchain with an annual fixed return. Co-ownership NFT Half of the… Continue reading Scorpion Yachts is the world’s first to trade ownerships in NFTs