Bengaluru-based Airbound has secured $8.65 million in seed funding as it develops rocket-style drones capable of ultra-low-cost deliveries, including a pilot program with a private hospital. The round was led by Lachy Groom, co-founder of Physical Intelligence, with participation from Humba Ventures, Lightspeed Venture Partners, and executives from Tesla, SpaceX, and Anduril. Founded in 2020 … Continue reading “Indian Drone Startup Airbound Raises $8.65M for One-Cent Delivery – iShook Finance”
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Michael Saylor’s Bitcoin investment firm, Strategy Inc., has raised its monthly dividend on STRC preferred shares to 10.5 percent, slightly above September’s 10.25 percent. The move came after the company reported $3.9 billion in net profit for the third quarter, a sharp turnaround from a $432.6 million loss during the same period last year. According … Continue reading “Michael Saylor Firm Raises STRC Dividend to 10.5 Percent – iShook Finance”
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DG Matrix provides solid-state transformer solutions for data centers and electrification projects such as microgrids and EV fleets. Now the company has secured $20 million in an oversubscribed seed funding round. Clean Energy Ventures led the round, and industry stalwarts including ABB, Cerberus Ventures, Chevron Technology Ventures and Piedmont Capital participated. The new funding brings … Continue reading “DG Matrix raises $20 million to commercialize its multi-port solid-state transformer solutions”
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ENAPI, a connectivity platform for the EV charging industry, has closed a 7.5-million-euro ($8.1-million) seed funding round led by Voyager Ventures. The new financing round, combined with a $2.7-million pre-seed round completed 10 months ago, brings the company’s total funding to $10.8 million. ENAPI will use the new funding to fast-track its plans to become … Continue reading “ENAPI raises 7.5 million euros in seed funding for its EV charging connectivity platform”
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Cambridge GaN Devices (CGD), a spinout from Cambridge University in the UK, has secured $32 million in Series C financing to expand its operations in the UK, North America, Taiwan and Europe. The investment was led by an unnamed strategic investor and included participation from British Patient Capital as well as existing investors Parkwalk, BGF, … Continue reading “Cambridge GaN Devices raises $32 million to expand power semiconductor production”
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Ati Motors, a Bangalore, India-based artificial intelligence (AI) and autonomous robotics company, recently raised $20 million in a Series B funding round. The round was led by Walden Catalyst Ventures and NGP Capital and included participation from numerous current investors including True Ventures. The company will use the new funding to boost product development and … Continue reading “Industrial electric robot startup Ati Motors raises $20 million in Series B funding”
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Xiaomi SU7 (Source: Xiaomi) China’s Xiaomi has reported a 30.5% growth in third-quarter revenue for its EV business, with the company also bumping up its yearly delivery target for the SU7 series EVs to 130,000 units. Back in May, Xiaomi – the world’s third-largest smartphone maker – had said that it planned to build 100,000 … Continue reading “Xiaomi raises delivery target yet again for its new EV, as ‘demand surges’”
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Many of the world’s hardest-to-decarbonize industries face a similar challenge: how to obtain the white-hot heat their operations need — without using fossil fuels. RedoxBlox, a San Diego-based startup that landed $31 million in venture investment on Wednesday, says it has found a clever way to achieve this task: using the power of chemical reactions to store energy … Continue reading “RedoxBlox raises $31M to commercialize its energy storage ‘booster’”
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California-based Enteligent, a developer of solar power optimization and solar EV charging technologies, has raised $6 million to scale the commercialization of its photovoltaic module-level power optimizers and its DC-to-DC bidirectional EV chargers. The funding round was led by Taronga Ventures, an Australian venture capital firm focused on emerging technologies. Enteligent is supplying what it … Continue reading “Enteligent raises $6 million to scale commercialization of its solar-powered charger”
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Investors are betting big on Air Company’s efforts to cut carbon emissions from planes. The New York–based startup announced today that it raised $69 million in a Series B funding round led by Avfuel, an aviation fuel supplier, along with Lowercarbon Capital, IQT, Alaska Airlines, and other investors. That money will go toward building commercial production facilities … Continue reading “Air Company raises $69M to convert CO2 into jet fuel”