Secures

The United Arab Emirates has given Chinese autonomous driving company WeRide the first national license for self-driving vehicles. The permit allows WeRide to test its Level 4 autonomous vehicles on public roads throughout the country. Level 4 is a designation by SAE that means the vehicle can handle all aspects of driving in certain conditions without human intervention. The license is a step towards UAE ruler Sheikh Mohammed bin Rashid Al Maktoum’s vision of making 25% of the country’s transportation fully…

Nothing is furthering its plans for an expansion into the US market with a freshly secured round of funding. Nothing, which makes the Phone1 and is set to launch the Phone 2 on July 11, has yet to launch a phone in the US. It would be a big leap for the company, but also a big step up. As the US market provides the company and its co-founder Carl Pei with an opportunity to land many more customers. According to a recent report from CNBC, Nothing has secured $96 million in funding to further its US expansion goals. The…

To accelerate domestic battery output and establish a reliable supply chain, Japan is awarding nearly 120 billion yen ($847 million) to fuel Toyota’s newly revealed EV battery tech strategy. Japan gives $850M to support Toyota’s EV battery output Japan’s Ministry of Economy, Trade, and Industry is designating storage batteries, such as those used in EVs, as “crucial to Japan’s economic security,” according to Nikkei Asia. To avoid falling further behind in the transition to electric…

The artificial intelligence hype shows no sign of fading just yet, and investors are practically falling over themselves to fund the next big thing in AI. Yesterday, Paris-based startup Mistral AI announced it had secured €105mn in what is reportedly Europe’s largest-ever seed round.  Mistral AI was founded only four weeks ago, by a trio of AI researchers. Arthur Mensch, the company’s CEO, was formerly employed by Google’s DeepMind. His co-founders, Timothée Lacroix (CTO) and Guillaume Lample…

Tesla Energy, the automaker’s energy division, has secured yet another large Megapack project. This time, it will help balance Belgium’s electricity grid. Back in 2019, Tesla launched the Megapack; it was Tesla’s third stationary energy storage product after the Powerwall and Powerpack. A single Megapack unit is a container-sized “3 MWh battery system” with integrated modules, inverters, and thermal systems. With the bigger size and integrated power electronics, Tesla claims that the…

Aerospace and Defense leader BAE Systems revealed Wednesday it had received an order for up to 1,229 battery electric buses, the largest of its kind in North America to date. Largest battery electric bus order in North America so far BAE Systems will provide its Gen3 fully electric drive systems for Nova Bus to integrate into its buses. Gen3 is BAE Systems’ latest electric drive system, featuring an electric motor and advanced power electronics. It also utilizes new technology like…

BUA Cement Plc on Monday said that it had secured a $500 million facility from the International Finance Corporation (IFC) and partners to develop energy-efficient cement production capacity and strengthen its equipment and logistics capabilities in northern Nigeria. The company, in a statement, said this investment, marked the largest-ever investment by IFC, will create up to 12,000 direct and indirect jobs and contribute to economic and infrastructural development within Nigeria and the greater Sahel region.…

Last updated: June 1st, 2023 at 18:01 UTC+02:00 The Galaxy A32 is the last phone in the A3x series to have been split between LTE and 5G variants. The LTE model is now getting a head start on the 5G variant with the latest May 2023 update. The Galaxy A32 (SM-A325N) is now getting the May firmware update in South Korea. The new firmware for the Galaxy A32 brings the May 2023 security patch and a handful of other improvements. Samsung’s official changelog mentions improvements to the Emergency SOS function, which now…

Singapore, Singapore, May 30th, 2023, Chainwire MetaZone announced today the completion of its US$3 million seed round co-led by metaverse industry leaders, Sfermion and CMT Digital, to expand their tokenized app platform pioneering the META, (Metaverse Enabled Tokenized Application). Top web3 funds Tess Ventures, IOSG Ventures,IVC (Infinity Ventures Crypto), Polygon Studios, MHC Digital, and LucidBlue Ventures also participated in the round. MetaZone is the first and only platform that enables creators and developers to…

A German startup has secured its first investment to scale a bizarre twisted-looking fusion machine that could power the world with abundant, clean, and limitless energy.    Proxima Fusion raised €‎7mn in funding to build a device known as a stellarator, a little-known fusion reactor that could hold the key to unlocking the potential of atom-fusing power within our lifetime.   While the initial funding round was small, it is noteworthy because the startup is the first spinout from Germany’s…