FARNBOROUGH, U.K., July 23, 2024 /PRNewswire/ — Supernal LLC – Hyundai Motor Group’s (HMG) Advanced Air Mobility (AAM) company – and Sigma Air Mobility – a Luxaviation Group company – today announced a joint effort to identify and develop targeted markets for future AAM infrastructure and investments, targeting key markets in South and Southeast Asia and… Continue reading Supernal and Sigma Air Mobility Collaborate on AAM Market Development
Tag: Mobility
Morpheus Space Launches New “Reloaded” Factory in Dresden, Germany, significantly increasing availability of the GO-2 Electric Propulsion Systems
DRESDEN, Germany, July 23, 2024 /PRNewswire/ — Morpheus Space, the leading provider of space mobility solutions, today opened the first mass production facility for space systems in Dresden, Germany. The new “Reloaded” facility will initially manufacture 100 units of the GO-2 per year, Morpheus Space’s second-generation electric propulsion system aimed at addressing the urgent demand for mobility by the rising number… Continue reading Morpheus Space Launches New “Reloaded” Factory in Dresden, Germany, significantly increasing availability of the GO-2 Electric Propulsion Systems
Babel Cover announces the launch of autonomous digital motorcycle insurance service
LONDON, July 23, 2024 /PRNewswire/ — Babel Cover, a British financial engineering and insurance technology start-up, enters the motorcycle sector with an autonomous set of applications following a robust process of technology stability and scaling tests over the past nine months. It has partnered with Poe-ma Insurances (“Poe-ma”) a Parisian headquartered independent insurance agency active… Continue reading Babel Cover announces the launch of autonomous digital motorcycle insurance service
India: IPO-bound Unimech Aerospace raises $30m from Steadview, Evolvence, othersEleven startups operating within aerospace industry collectively raise…
Bengaluru-based Unimech Aerospace has raised about $30 million (Rs 250 crore) in a fresh funding round from investors including Steadview Capital Mauritius Limited, ValueQuest Scale Fund, and Evolvence India Fund IV Ltd, it announced on Wednesday. With the latest infusion, IPO-bound Unimech Aerospace has attained a post-money valuation of Rs 3,250 crore ($388 million), per… Continue reading India: IPO-bound Unimech Aerospace raises $30m from Steadview, Evolvence, othersEleven startups operating within aerospace industry collectively raise…
Northvolt strengthens its Executive Management Team – creates new Chief Transformation Officer role and hires new talent to drive forward its long-term strategy
Northvolt today announced the appointment of Pia Aaltonen-Forsell as its new Chief Finance Officer, taking over from Alexander Hartman, who will take on the role of Chief Transformation Officer to lead Northvolt’s recently announced company strategic review. At the same time, Matthias Arleth joins the Executive Management Team in the role of President Cells. His… Continue reading Northvolt strengthens its Executive Management Team – creates new Chief Transformation Officer role and hires new talent to drive forward its long-term strategy
Eco Survey – Holistic plan needed for a green India
This effort helps lay the groundwork for a future that is smarter, greener and more resilient. India stands at the cusp of a transformative opportunity to lead the way in green transition finance for infrastructure. Building future-ready, green infrastructure will require creating synergies across the sectors of infrastructure development. The commitment to achieve net zero… Continue reading Eco Survey – Holistic plan needed for a green India
Government announces support for 3.72 lakh electric vehicles under EMPS 2024
Updated On Jul 24, 2024 at 08:01 AM IST Read by: 100 Industry Professionals Read by 100 Industry Professionals The initiative is expected to provide significant momentum to the green mobility sector and boost the electric vehicle manufacturing ecosystem in the country. Between April and July, up to 3.72 lakh electric vehicles will receive support… Continue reading Government announces support for 3.72 lakh electric vehicles under EMPS 2024
2024 Transatlantic Confidence Index shows vote of confidence in US-UK economic ties amid anxieties over future policy stability and corporate tax levels
4th edition of the index for 2024 from BritishAmerican Business and Bain & Company emphasises renewed strength of transatlantic trade, business and economic relationships US companies’ confidence in the UK business environment stabilised in 2024, after two consecutive years of steep falls, while UK confidence in the US remains high and stable Companies highlight future policy stability,… Continue reading 2024 Transatlantic Confidence Index shows vote of confidence in US-UK economic ties amid anxieties over future policy stability and corporate tax levels
Supercars Market to Surge to US$ 71.9 Billion by 2034, Driven by Technological Showcase in Motorsports and Rising Electrification Trend | TMR
Innovations in automotive technology, such as advancements in electric drivetrains, hybrid systems, and autonomous driving features, are attracting customers seeking cutting-edge performance and sustainability. WILMINGTON, Del., July 24, 2024 /PRNewswire/ — The supercars market was projected to attain US$ 30.2 billion in 2023. It is likely to garner an 8.0% CAGR from 2024 to 2034, and by… Continue reading Supercars Market to Surge to US$ 71.9 Billion by 2034, Driven by Technological Showcase in Motorsports and Rising Electrification Trend | TMR
Skill set go: Budget 2024 puts focus on jobs
Skilling got its due in the Budget 2024 announced by Finance Minister Nirmala, as she announced a Rs 2 lakh crore central outlay, with particular emphasis on employment, skilling and other opportunities for 4.1 crore youth over a five year period. “In this Budget, we particularly focus on employment, skilling, MSMEs and the middle class,”… Continue reading Skill set go: Budget 2024 puts focus on jobs