Ultraviolette Automotive Pvt Ltd on Tuesday expanded its ongoing Series D round led by Qualcomm Ventures and Lingotto. According to sources, the company raised $24 million in the expanded round, taking the total funding in Series D to $34 .
Uniindia: Mumbai, Nov 22 (UNI) Ultraviolette Automotive Pvt. Ltd., an innovator in sustainable mobility on Tuesday announced investments from Qualcomm Ventures and Lingotto to expand the Series D round.
San Diego startup incubator EvoNexus has secured Verizon Communications as the co-sponsor of its program for young companies to develop business models around the fifth-generation wireless data standard known as 5G.
The cellular giant is joining EvoNexus’ 5G and Artificial Intelligence Accelerator, along with first corporate backer Qualcomm, San Diego’s largest public company and the inventor of 5G technology. Financial details of the arrangement were not disclosed.
The nonprofit’s mission is to bring together startups and organizations working to explore the boundaries of 5G network technology and rethink more possibilities through new applications and hardware.
“Verizon is at the forefront of 5G innovation and we are excited about this partnership because we know that 5G will be a key platform for 21st-century innovation. We recognize with technology this transformative landscape for consumers, businesses, and society can be completely reimagined,” said Nicki Palmer, c
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