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News
Waaree secures $17 million order for medium voltage skids
2+ day, 4+ hour ago (197+ words) Evertiq Waaree Transpower Private Limited, a subsidiary of Indiaâs Waaree Energies Ltd., has secured an order valued at approximately â¹1.6 billion (about USD 16.5 million) from a leading energy storage technology and solutions provider, for the supply of 8.3 MVA Medium…...
SPHERE AX partners with Blaize to advance edge AI computing
2+ day, 3+ hour ago (241+ words) SPHERE AX, a South Korean company specializing in vision AI and edge AI computing, has signed an MOU with Blaize — an AI semiconductor company based in California — to pursue joint development and commercialization of AI semiconductor-based products. Through this cooperation,…...
Heron plans $100M factory for next-gen power electronics in US
2+ day, 7+ hour ago (205+ words) Heron Power, an American advanced power electronics manufacturer, has said that it plans to build a USD 100 million factory in California to make advanced transformers for the US electric grid. The company has selected Morgan Hill, California as the home…...
US space tech startup Array Labs raises $21 million
2+ day, 8+ hour ago (241+ words) Evertiq Array Labs, a Silicon Valley space tech startup, has raised USD 21 million in an oversubscribed strategic investment round, anchored by Japanâs Mitsubishi Electric Corporation, with continued participation from Catapult Ventures, Kompas VC, and Y Combinator Array Labs and…...
Indian electric mobility startup Yulu secures $93 million
3+ day, 3+ hour ago (201+ words) Indian electric mobility-as-a-service (MaaS) platform Yulu has announced the successful completion of its Series C funding round, raising USD 93 million through a combination of USD 63 million in equity led by GEF Capital Partners and USD 30 million in debt. The capital…...
NXP breaks ground on assembly and test factory in Malaysia
3+ day, 4+ hour ago (258+ words) Evertiq NXP Semiconductors has broken ground on its new assembly and test (A&T) factory in Petaling Jaya, Malaysia, an expansion of the companyâs existing A&T site Adding approximately 500,000 square feet of production space, the facility will expand NXPâ…...
Quantinuum, Oracle to advance hybrid quantum compute adoption
3+ day, 5+ hour ago (319+ words) Evertiq Quantinuum, a US-based quantum computing company, and Oracle have announced a multi-year strategic partnership to bring quantum computing to Oracle Cloud Infrastructure (OCI) Under the partnership, OCI customers will be able to directly access Quantinuumâs Helios through OCIâ…...
US startup Ravee Optics secures $6 million in seed round
3+ day, 9+ hour ago (221+ words) US startup Ravee Optics has announced an oversubscribed USD 6 million funding round led by BIG Capital, a Vietnam-based investment firm, along with co-investment from JobsOhio Ventures and Cincinnati-based CincyTech. Ohio-based Ravee Optics aims to apply next-generation optical technology to defense…...
Lohia partners with Massivit, to invest up to $10M in manufacturing...
4+ day, 2+ hour ago (173+ words) India’s Lohia Aerospace Systems has signed an MoU with Israel-based Massivit to introduce large-format 3D printing technology for composite tooling and critical aerospace components in India, according to a report by Fortune India. Lohia plans to invest around USD 8-10 million over…...
ZeroAvia, Marshall to advance hydrogen-electric capability in defence
4+ day, 4+ hour ago (266+ words) Evertiq US-headquartered ZeroAvia and British firm Marshall Aerospace have entered into a collaboration to develop hydrogen-electric capability for defence platforms.The agreement combines ZeroAviaâs flight-tested hydrogen-electric power and propulsion system technologies with Marshallâs expertise in military aircraft modification,…...