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Toyota AI Ventures, Toyota’s standalone venture capital fund, has dropped the “AI” and is reborn as, simply, Toyota Ventures. The introduction of these two new funds, each worth $150 million, brings Toyota Ventures’ total assets under management to over $500 million.
stake, in order to launch a joint venture. Octopus will own 30% of the venture, with Tokyo Gas owning the majority. Japanese Prime Minister Yoshihide Suga has set a target of reaching net-zero by 2050. Octopus has also launched Electric Juice, an electric vehicle roaming network, and partnered with Tesla to launch Tesla Power.
Two years ago, South Korea unveiled a plan to reach carbon neutrality by 2050. Though some businesses may never be truly sustainable, a venture firm in Seoul argues that emerging climate-tech startups will help big manufacturers do better overall. Getting there will be another story. Sopoong has closed on around $8 million (10.3
Darwinbox, which operates a cloud-based human resource management platform, has raised $15 million in a new financing round as the Indian startup looks to further expand in the country and Southeast Asian markets. This is one of Salesforce Ventures’ rare investments in Asia.
Via TechCrunch by Arman Tabatabai: Venture capital has been flooding the various subverticals under the robotics umbrella in recent years, and the construction space is one of the largest beneficiaries. One of the most common areas of attention respondents highlighted were startups focused on construction and manufacturing.
Register Singapore-based venture capital firm TRIREC and Thai energy innovations company INNOPOWER announced today the formation of Energy Ignition Ventures, a $100-million growth-stage fund aimed at promoting decarbonisation initiatives.
ZEBOX , an international accelerator network founded by shipping conglomerate CMA CGM to introduce more tech innovation into the supply chain industry, announced today the launch of its APAC headquarters. ZEBOX looks for startups in four area.
Register Japanese electric vehicle (EV) startup Terra Motors has successfully raised 4 billion yen ($28 million) in a recent Series C funding round. The funding was secured through the issuance of new shares to investors, including Osaka Gas, Century Tokyo, Sumitomo Mitsui Auto Service, and Pegasus Tech Ventures.
Hy24’s investment through its Clean Hydrogen Infrastructure Fund injects capital and introduces a valuable network of leading industrial and financial players deeply involved in the entire hydrogen value chain. With this, the market is expected to gain momentum from 2030, as per the insights from the International Energy Agency.
During his career, he has been recognized as an innovative executive with a reputation for transforming startups into global businesses. Other companies where Gysin held CEO and EVP positions include Asempra, McData Corporation, Novell/Volera, PGSoft and Silver Spring Networks.
Wavemaker Partners doesn’t just want to invest in climate tech and sustainability startups. Today, the Singapore-based firm announced the launch of Wavemaker Impact , a venture builder that identifies potential business opportunities, finds seasoned entrepreneurs to turn those ideas into startups and acts like a co-founder as companies scale.
The market size of Africa’s digital economy is massive and, if projections go as planned, should top $712 billion by 2050. The report also pinpoints other metrics such as fixed and mobile broadband connections and mobile cellular network coverage. From 2020 to 2021, it grew 2x faster than global startup funding, it said.
The Series A was led by SEB Private Equity, which is part of Nordic corporate bank SEB, with existing investors Brightly Ventures and Spintop Ventures also participating. The raise brings Worldfavor’s total raised to date to €13.4 Image Credits: Worldfavor.
The world’s food supply must double by the year 2050 to meet the demands of a growing population, according to a report from the United Nations. “We have to double the amount of food we have to create by 2050, and if you look at where there are enough resources to grow food — all signs point to Africa.
According to a recent McKinsey report , reaching net zero by 2050 could require a 60% increase in capital spending on physical assets compared to current levels. trillion per year until 2050, with $6.5 As part of our global environmental strategy, Impact Hub is dedicated to supporting green ventures in scaling their solutions rapidly.
billion tonnes of waste lingering out there by 2050 (World Bank), our current system has to change: we need to re-learn how to manage resources, rethink how we make and use products, and reflect on what we do with the materials afterwards. Costantine Edward: We recommend ventures to implement sharing models. K Ramani et al (2010) .
Other deals that got my attention … Autonomy , the vehicle subscription startup founded by Scott Painter, has ordered 23,000 electric vehicles from 17 automakers. million in total revenue from direct sales of its EV chargers and charging service revenues, network fees and ride-sharing service revenues. Autonomous vehicles.
The seed round was led by Astanor Ventures and followed on by a group of investors, including XAnge, Blue Horizon and Nucleus Capital. As I noted already this week , alternative proteins is a hot space attracting both startups and venture capital. This is Brandes’ second venture in alternative protein.
In part that’s because REEF does operate its own businesses on the premises and works with startups to provide actual goods and services that are location dependent for their success and revenue generating. These restaurants are, in some cases, taking advantage of the employees that REEF Technology has operating its network of kitchens.
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