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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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Battery recycling startup Cylib recharges its coffers to go faster

TechCrunch

“For too long, battery recycling hasn’t been efficient enough for companies to take advantage of,” said co-founder and COO at Cylib, Gideon Schwich. For this round, 10x Founders also joined. “World Fund only invests in startup technologies that can save at least 100 megatonnes of CO2e annually by 2040.

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

TechCrunch

For Val Miftakhov, the founder and chief executive of ZeroAvia and a serial entrepreneur whose last company, eMotorWerks, was sold to Enel, the flights prove out his thesis that hydrogen power is the answer for the aviation industry. The company said it would expect to complete a long-distance flight of 250 miles within the next three months.

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Japan’s Terra Drone lands $70M Series B funding to accelerate global expansion 

TechCrunch

Our airspace is going to get more crowded than ever, but most companies today are concentrating only on hardware development,” said Terra Drone CEO and founder Toru Tokushige , who is also serving as the CEO of Terra Motors, which develops electric vehicles. trillion by 2040, according to Terra’s IR deck. .

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Sydney-based quantum sensing startup Q-CTRL raises $25M Series B led by Airbus Ventures

TechCrunch

The latest funding will support hiring staff and enable new data-as-a-service markets powered by quantum sensing, founder and CEO of Q-CTRL Michael Biercuk said. The quantum computing industry is estimated to be worth more than $850 billion in annual value by 2040, according to a report by Boston Consulting Group.

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MIT spinoff Via Separations scores $38M Series B to decarbonize manufacturing

TechCrunch

In addition, 2040 Foundation participated, along with existing investors The Engine, Safar Partners, Prime Impact Fund, Embark Ventures and Massachusetts Clean Energy Center. As a diverse founding team, Dave says she and co-founder and CTO Brent Keller want to build a diverse group of employees.

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