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Pangyo Techno Valley: Pioneering Global Urban Air Mobility Solutions

AsiaTechDaily

US-based Morgan Stanley has projected that the global UAM market will grow at an average annual rate of 30% between 2021 and 2040, reaching $1.5 trillion in 2040. The partnership aimed at applications not only in commercial agriculture and construction industries but also in military drones used for reconnaissance and surveillance.

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Malaysia’s Mosti Prioritizes Tech Innovation and Startup Ecosystem in its Annual Budget

AsiaTechDaily

million electric vehicles (EVs) on Malaysian roads by 2040. Minister Chang Lih Kang has expressed his aspiration for the budget to allocate funds that will aid the government in achieving its ambitious target of having 1.5 Presently, the adoption of EVs in the country remains relatively low.

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Battery recycling startup Cylib recharges its coffers to go faster

TechCrunch

“World Fund only invests in startup technologies that can save at least 100 megatonnes of CO2e annually by 2040. Mark Windeknecht is joining as an observer to the board,” says Schwich.

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World Fund joins $128M bet that quantum can deliver climate breakthroughs

TechCrunch

In a statement, the German VC said it exclusively backs tech with the potential to remove “100 million tonnes” — that is, 100 megatonnes — “of carbon from the atmosphere yearly by 2040.” ” Other investors in the latest round include the EU’s European Innovation Council and Tencent.

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Salty, subterranean water could relieve world’s lithium shortage

TechCrunch

By 2040, the International Energy Agency expects lithium demand to be 42 times higher than it is today. To meet demand, Benchmark says that $42 billion will need to be invested in the space by the end of this decade. Without new lithium projects coming online, it’ll likely get worse throughout the 2030s.

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ZeroAvia’s hydrogen-powered vision for aviation nets $21.4 million from Amazon, Shell and Bill Gates-backed fund

TechCrunch

For corporate investors like Amazon that have committed to decarbonize by 2040, the innovations and industry adoption can’t happen quickly enough.

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[Virgin Hyperloop One in Al Arabiya News] Virgin Hyperloop to transport 200 million passengers a year by 2040: MD

OurCrowd

Virgin Hyperloop – the next-generation technology that aims to connect cities in record time through transport pods zooming through tubes at hundreds of miles per hour – will carry 200 million passengers a year by 2040. Read more here.