Agtonomy, a San Francisco, CA-based software and services company specializing in advanced autonomous and AI solutions for agriculture, raised $22.5M in Series A funding. The round was led by Momenta, with strategic partners including Doosan Bobcat North America and Toyota Ventures. The company intends to use the funds to expand their customer pilot program and… Continue reading Agtonomy Raises $22.5M in Series A Funding
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EIB invests $40m in Indian mid-market PE firm Amicus Capital Partners’s second fundIn April, DealStreetAsia had reported that the fund had secured its…
Indian mid-market private equity (PE) firm Amicus Capital Partners has garnered $40 million from the European Investment Bank (EIB) as it looks to ramp up investments in the country’s small and medium enterprises (SMEs). Amicus Capital, which has backed startups such as online insurance platform RenewBuy, Capital Small Finance Bank and Berar Finance, is understood… Continue reading EIB invests $40m in Indian mid-market PE firm Amicus Capital Partners’s second fundIn April, DealStreetAsia had reported that the fund had secured its…
Humanoid robot startup Agibot raises funds from Adrian Cheng’s C Capital, others
Humanoid robot developer Agibot has raised an undisclosed amount in an extended Series A financing participated by investors including Lanchi Ventures and GL Ventures. The Series A2 round—the fifth financing of the company since its inception in February this year—also attracted Hong Kong’s real estate tycoon Adrian Cheng-backed C Capital. China-focused investment firms including CAS… Continue reading Humanoid robot startup Agibot raises funds from Adrian Cheng’s C Capital, others
Why Flexport CEO Ryan Petersen took his company back
His replacement got the boot barely a year into the job. What brought Petersenback? By Nilay Patel, editor-in-chief of the Verge, host of the Decoder podcast, and co-host of The Vergecast. Share this story Illustration by The Verge | Photo by Flexport Today, I’m talking with Ryan Petersen. He’s the founder and CEO of Flexport,… Continue reading Why Flexport CEO Ryan Petersen took his company back
Bain-backed biofuels refiner EcoCeres ties up with Chinese firm for feedstockEcoCeres is expanding the production of low-carbon fuels to meet fast-gro…
Bain Capital-backed biofuels refiner EcoCeres has tied up with a waste management firm backed by the Chinese city of Shenzhen to source feedstock, the company said on Tuesday, as it expands production of low-carbon fuels to meet fast-growing demand. The pact between Hong Kong-based EcoCeres and Shenzhen Expressway Group, which handles more than 2.5 million… Continue reading Bain-backed biofuels refiner EcoCeres ties up with Chinese firm for feedstockEcoCeres is expanding the production of low-carbon fuels to meet fast-gro…
Pepsi India bottler Varun Beverages to enter South Africa with $159m acquisition
Pepsi India bottler Varun Beverages said on Tuesday it will buy South Africa-based The Beverage Company in a deal valued at 13.2 billion rupees ($158.71 million), enabling it to enter into Africa’s largest market. The Beverage Company bottles and distributes PepsiCo-branded non-alcoholic beverages in South Africa and has five manufacturing facilities in the country, in… Continue reading Pepsi India bottler Varun Beverages to enter South Africa with $159m acquisition
Abu Dhabi’s Bayanat, Yahsat plan $4b merger to form AI-powered space tech firm
Abu Dhabi satellite operator Yahsat and geographic data and analytics provider Bayanat have agreed an all-share merger to create the region’s first AI-powered space technology company, they said on Tuesday. The implied valuation of the combined entity is 15 billion dirhams ($4.1 billion) based on Monday’s closing share prices, with the proposed deal leaving Bayanat as the… Continue reading Abu Dhabi’s Bayanat, Yahsat plan $4b merger to form AI-powered space tech firm
Tesla and Mercedes-Benz to compensate for loss of German EV subsidies
The German government announced that it will abruptly end its subsidy program for electric vehicles on December 31, which has dealt a blow to automakers in one of its biggest European markets. But Tesla and Mercedes-Benz say that they will compensate for it, covering the full price of the subsidy for German buyers, with other… Continue reading Tesla and Mercedes-Benz to compensate for loss of German EV subsidies
UK infrastructure PE firm Actis exits first Vietnam investmentActis has sold its 49% stake in An Phat 1 Industrial Park.
UK-based infrastructure investor Actis has exited its first investment in Vietnam, An Phat 1 Industrial Park, to its local operating partner, An Phat Holdings, per an announcement. An Phat 1 is a 180-hectare sustainable industrial park in Hai Duong, northern Vietnam. Actis has sold its 49% stake in the asset. In 2021, Actis said it had… Continue reading UK infrastructure PE firm Actis exits first Vietnam investmentActis has sold its 49% stake in An Phat 1 Industrial Park.
Home Credit Indonesia raises $100m funding from Japan’s MUFG
PT Home Credit Indonesia, the local unit of the Dutch consumer finance company Home Credit, has raised $100 million in funding from the Jakarta-based unit of MUFG Bank. The fresh capital will be used to strengthen Home Credit Indonesia’s sustainability commitment through ESG-based financing. Volker Giebitz, Home Credit Indonesia’s director said in a statement that… Continue reading Home Credit Indonesia raises $100m funding from Japan’s MUFG