Fisker Raises $50 Million Funding; Will Be Used For Development Of Ocean Electric SUV - carandbike

#startups #fundingalert #startupfunding #ev #electricvehicle #greenfleet #travel #sustainabilty #sustainabletransport

American electric car manufacturer, Fisker Inc., has announced raising a new $50 million Series C funding from Moore Strategic Ventures, LLC, the private investment vehicle of popular hedge fund manager Louis M. Bacon. The company says that the funds will be used to support the next phase of engineering work on the upcoming Fisker Ocean all-electric luxury SUV, which is slated to be launched in 2022. According to reports, Moore Strategic Ventures LLC has valued Fisker at more than $1.6 billion.

Additionally, Fisker Inc has also announced appointing Burkhard Huhnke as the Chief Technology Officer (CTO) of Fisker Inc. Huhnke served as the former Vice President of e-mobility at Volkswagen America and Vice President of Automotive at chip maker, Synopses. He will lead Fisker's R&D activities in Los Angeles as well as the newly established Fisker Innovation Lab in Silicon Valley.

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Fisker Raises $50 Million Funding; Will Be Used For Development Of Ocean Electric SUV - carandbike

View Photos The investment comes from Louis M. Bacon's Moore Strategic Ventures The funds will go into the development of the all-electric Fisker Ocean The Fisker Ocean electric SUV will also come to India American electric car manufacturer, Fisker Inc., has announced raising a new $50 million Series C funding from Moore Strategic Ventures, LLC, the private investment vehicle of popular hedge fund manager Louis M.

162 new charging stations for electric vehicles in Noida soon - ET EnergyWorld

#ev #electricvehicles #electricvehiclecharging #evchargingstation #evcharging #startups #noida

Over 160 charging stations for electric vehicles (EV) are set to come up soon in Noida, with the Noida Authority and the Energy Efficiency Services Limited (EESL) signing an agreement for it on Thursday, officials said. The move is aimed at promoting electric vehicles by installing public EV charging stations and developing related infrastructure here, they said.

Thirteen of those EVs have been commissioned while seven are yet to be functional. These EV chargers were installed at prominent places of Noida such as Ganga Shopping Complex (Sector 29), near the Electronic City Metro Station (Sector 63), opposite Shopprix Mall (Sector 61), near RTO office (Sector 33), Advant Chowk (Sector 142) and the main market of Sector 50, among others.

Noida Authority CEO Ritu Maheshwari on Thursday said developing a sustainable landscape with strong supporting EV infrastructure is the key to cultivating consumer confidence in electric vehicles and will significantly enhance consumer convenience as well.

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162 new charging stations for electric vehicles in Noida soon - ET EnergyWorld

This agreement builds upon a memorandum of understanding (MoU) signed between the EESL and the Noida Authority last year, which led to the installatio..

CBInsights: 5 Top Emerging Digital Twin Startups Impacting Industry 4.0

#digitaltwins #ai #ml #artificialintelligence #machinelearning #startups #industry4.0

Using StartUs Insights Platform, covering 1.116.000+ startups & emerging companies, they looked at innovative digital twin application areas for Industry 4.0. For this research, they identified 169 relevant solutions and picked 5 to showcase below. These companies were chosen based on a data-driven startup scouting approach, taking into account factors such as location, founding year, and technology among others.

MEIK LABS, Digital Construction Works, MetaTwin, Tunnelware, and Allvision IO develop 5 top solutions. Learn more in their Global Startup Heat Map!

5 Top Emerging Digital Twin Startups Impacting Industry 4.0

Our Innovation Analysts recently looked into emerging technologies and up-and-coming startups working on solutions for Industry 4.0. As there is a large number of startups working on a wide variety of solutions, we want to share our insights with you. This time, we are taking a look at 5 promising digital twin startups.

CBDC: China is testing its digital currency on a new platform-with 500 million users

#centralbank #digitalcurrency #centralbankdigitalcurrency #cryptocurrency #cbdc

Chinese ride-hailing giant Didi Chuxing Technology Co. will test a pilot version of China’s digital currency, according to a company statement on Wednesday that announced a “strategic partnership” with the central bank’s Digital Currency Research Institute.

The People’s Bank of China (PBOC), the country’s central bank, has been researching a national digital currency known as Digital Currency Electronic Payment (DCEP) since 2014 and ramped up its efforts to roll it out last year.

The launch date and other specifics of the Didi project are not publicly known.

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China is testing its digital currency on a new platform-with 500 million users

It will be the largest rollout yet of the central bank's digital yuan.