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Startup Funding: April 2021 April showers brought mega fundraising rounds to the semiconductor industry. In China, a mobile chipset maker looking to go public won significant funding along with partnerships with major smartphone companies. In the US, AI hardware startups are drawing interest with unique processor architectures and business models. Plus, a major test and design services company drew new investment. This month, we take a look at 22 companies that collectively raised over $2.3B. Semi & design Guosheng Capital, Haier Financial, and W&W Fund among the participants. The fabless company designs a range of chipsets for mobile and IoT/IIoT applications, including 5G mobile and baseband as well as NB-IoT. It is currently working with Xiaomi and OPPO on a sub-6GHz 5G chip. Formerly known as Spreadtrum before its acquisition by Tsinghua Unigroup, Unisoc is based in Shanghai, China. It is reportedly preparing to list on the Shanghai STAR market later this ....
Results for IRP Systems scores $31M to upgrade the electric vehicle Israeli startup IRP Systems claim to have solved range, weight, and price worries for the electric vehicle future Idan Ben Tovim / 29 Apr 2021 • 1 min read Israeli startup IRP Systems secures a $31 million Series C funding round, led by Clal Insurance and Altshuler Shaham. The investment also saw participation from Samsung Ventures, Carasso Motors, and Shlomo Group. These were joined by the company’s existing investors, which include Entrée Capital, Fosun RZ Capital, JAL Ventures, Tal Capital, Union Tech Ventures, Cendana Capital and Allied Group subsidiary Champion Motors, the Israeli direct importer and distributor of Volkswagen Group. ....
Hi there, new and returning readers. This is The Station, a weekly newsletter dedicated to all the ways people and packages move (today and in the future) from Point A to Point B. We took a week off and now we’re back. Whoop. Let’s catch up on all things transportation. My email inbox is always open. Email me at [email protected] to share thoughts, criticisms, opinions or tips. You also can send a direct message to me at Twitter @kirstenkorosec. Micromobbin’ JOCO, a new docked e-bike service in New York City, has launched and is already facing some headwinds. The service started with 300 e-bikes at 300 stations in private parking garages and plans to expand to about 1,000 e-bikes at 100 stations by June. That is, unless the NYC Department of Transportation has anything to say about it. ....
The Station: Lyft sells its self-driving unit, Uber makes a big product push and Revel jumps into ride-hailing yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Israeli EV powertrain co IRP Systems raises $31m Using the company’s electric motors and controllers, electric vehicle manufacturers can eliminate the industry’s tradeoff between cost and performance. Israeli electric vehicle powertrain solutions developer IRP Systems has announced the completion of a $31 million Series C financing round led by Clal Insurance and Altshuler Shaham, leading Israeli institutional investors, with additional funds from Samsung Ventures, Renault-Nissan importer Carasso Motors, and Shlomo Group, joined by all the company s existing investors. This brings the company s total funding to $57 million. RELATED ARTICLES IRP Systems, which was founded by CEO Moran Price and CTO Paul Price, has developed TrueDrive, an electric powertrain that enables high performance and efficiency while reducing the weight, size and overall cost of the powertrain in electric vehicles of all sizes. Using the company’s electric motors and controllers, electr ....