Fidelity Leads $81M Investment in Enevate to Accelerate Commercialization of Fast-Charging Electric Vehicle Battery Technology
Advances Silicon Anode Cell Technology for EVs Enevate, a pioneer in advanced silicon-dominant lithium-ion (Li-ion) battery technology featuring extreme fast charge and high energy density for electric vehicles (EVs) and other markets, announced that it has secured a $81M Series E funding led by Fidelity Management Research Company, providing the company with additional new resources aimed at accelerating global mass adoption of Enevate s unique battery technology in electric vehicles. Existing investors, Mission Ventures and Infinite Potential Technologies, also participated in the round.
Enevate said that the investment would enable the company to significantly expand its pre-production line designed to guide EV and other battery customers toward implementing larger-scale battery manufacturing utilizing Enevate s silicon anode-based batteries. The f
Avacta Group plc: Avacta announces AffyXell $7.3 Million Series A Financing
Avacta s next generation cell and gene therapy joint venture with Daewoong Pharmaceutical secures Series A venture funding
Avacta Group plc (AIM: AVCT), the developer of Affimer biotherapeutics and reagents, is pleased to announce that AffyXell Therapeutics ( AffyXell ), the joint venture with Daewoong Pharmaceutical ( Daewoong ), has closed a Series A venture capital investment of $7.3 million to further develop its pipeline of next generation cell and gene therapies.
AffyXell was established in January 2020 by Avacta and Daewoong as a Joint Venture to develop novel mesenchymal stem cell (MSC) therapies. AffyXell is combining Avacta s Affimer platform with Daewoong s MSC platform such that the stem cells are genetically modified to produce and secrete therapeutic Affimer proteins in situ in the patient. The Affimer proteins are designed to enhance the therapeutic effects of the MSC creating a novel, next
Look East: The Potential India-Korea Digital Tango
It appears to be obvious that Korean digital companies should seriously look at India as an alternative to China for their manufacturing requirements. outlookindia.com 2020-12-21T19:26:48+05:30
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The Republic of Korea’s (ROK) digital transformational is an impressive story. It is the result of the government’s ambition to speed transformation in the digital economy with three major factors that have formed the basis for growth of the country’s digital economy: the advanced education system, cultural characteristics, and the government’s vision for ICT.
Schools in Korea have integrated ICTs at all levels of the school system. The government’s support for ICT development in the 1990s, helped to increase access to the Internet and supply digital literacy training to over 10 million inhabitants to be Internet-ready. The government also made direct investments into new technologies by dedicating a large p
Samsung Invests in Funding Societies, a Marketplace Lending Platform
Funding Societies has received an investment from
Samsung Venture Investment Corporation, according to a note from the Fintech. Details on the investment were not disclosed. Samsung Venture is an investment arm of the South Korean conglomerate, Samsung Group, and has been an active investor in the Fintech sector.
“We are honoured to work with Samsung as an investor, as we find them a strategic and collaborative partner, in our journey to enable growth for SMEs and create wealth for lenders. We will continue to strive to be a digital finance provider of choice and to make a positive impact in our home countries across Southeast Asia,” said
Funding Societies gets investment from Samsung Venture Investment ibsintelligence.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ibsintelligence.com Daily Mail and Mail on Sunday newspapers.