President Xi Jinping of China unveiled a comprehensive eight-point plan on Wednesday designed to cement China s leading role in the ambitious Belt and Road Initiative (BRI), emphasising infrastructure expansion, green development, technological innovation, and global cooperation.
Addressing global dignitaries at the third Belt and Road Forum for International Cooperation (BRF), Xi outlined the expansive vision to enhance China s multi-modal connectivity networks, reflecting the modern manifestation of the ancient Silk Road.
holoride completes Series A funding round led by Terranet
Automotive Tech Leaders Join Forces as Terranet Leads holoride’s Double-Digit Million Euro Investment Round and Enters into Strategic Alliance.
Munich, Germany and Lund, Sweden - April 22, 2021 - holoride, the company advancing the future of in-vehicle media and winners of the SXSW Pitch 2021, today announced it raised its Series A investing round, collecting €10 million in first closing and earning the company a €30 million valuation.
The round was led by Terranet AB, developers of advanced driver-assistance software (ADAS) that specifically addresses safety and comfort through precise, fast, and intelligent sensor technology. Terranet invested the equivalent of EUR 3.2 million in holoride s share issue corresponding to 10.84% of the total number of shares and votes. Other co-investors in this round include a group of Chinese financial and automotive technology investors, orchestrated by Jingjing Xu, an investment p