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Veoneer, a wellknown Swedish corporation, invests in Baraja, a maker of driverless car technology.

The SwedishAmerican company Veoneer, a leader in road safety technology, has strengthened its alliance with Sydneybased Baraja. The investment comes a

The SwedishAmerican company Veoneer, a leader in road safety technology, has strengthened its alliance with Sydneybased Baraja. The investment comes after the signing of a recent advanced development contract with a significant original equipment manufacturer for automobiles. According to Baraja, the financing supports its revolutionary Spectrum Scan LiDAR technology. Veoneer, a multinational corporation with $2.5 billion in annual turnover and a history of producing safety and restraint systems for the automobile sector dating back 70 years, has invested in Baraja. Following a $40 million Series B fundraising raise by Baraja at the beginning of the year, spearheaded by Blackbird Ventures, the investment was made. Read More..

B2B Tech News | 2 months ago        

Invest in African Energy On January 26, the African Energy Chamber will host a New Years reception in London.

A Singaporebased venture capital firm called Northstar Group has raised US$90 million in the first close of its new investment programme, Northstar Ve

A Singaporebased venture capital firm called Northstar Group has raised US$90 million in the first close of its new investment programme, Northstar Ventures I. NSV I. The corporation wants to raise $150 million for the new fund in total. Northstar stated in a statement that the new fund focuses in earlystage startups in Indonesia and, to a lesser extent, other Southeast Asian nations. Since its inception in 2003, Northstar has made investments in over 50 businesses throughout Southeast Asia, including Gojek and Indomaret. The firm now manages US$2.6 billion in committed capital as of NSV Is first closure. Read More..

B2B Tech News | 2 months ago        

Sales of Teslas Chinabuilt vehicles in December were at their lowest level in five months.

In order to deal with swelling stockpiles and waning demand, the American manufacturer curtailed output and lowered pricing, which resulted in a 44% r

In order to deal with swelling stockpiles and waning demand, the American manufacturer curtailed output and lowered pricing, which resulted in a 44% reduction from November and a 21% decrease from the previous year. Additionally, it represents the lowest number of monthly deliveries since July, when an update to Teslas production lines in Shanghai caused the majority of production to be paused. According to the CPCA data, the American manufacturer shipped 50% more vehicles during 2022 than it did in 2021 from its Shanghai plant. With 234,598 electric vehicles sold in China in December, including plugin hybrids and pure EVs, Chinese rival BYD 002594.SZ continued to lead all brands, more than quadrupling Teslas sales in the same period. Read More..

B2B Tech News | 2 months ago        

For its connected car offering, Swedens WirelessCar sells 10 million units globally.

Swedish company WirelessCar has reported that more than 10 million vehicles have been sold using its connected car technology. Together, the two busin

Swedish company WirelessCar has reported that more than 10 million vehicles have been sold using its connected car technology. Together, the two businesses created Volvo On Call, an emergency callout and security service that is still in use today, albeit with the inclusion of a contemporary smartphoneenabled app. In addition to continuing to work with Volvo, it has expanded by opening additional offices in the US and China and expanding its collaborations to now include Jaguar Land Rover, Daimler, and Volkswagen. Security is a big selling point for these new devices, much like Volvo On Call. Read More..

B2B Tech News | 2 months ago        

Invest in African Energy

The African Energy Chamber will host a special New Years reception at the Waldorf Hilton in London to explore new prospects for funding energy project

The African Energy Chamber will host a special New Years reception at the Waldorf Hilton in London to explore new prospects for funding energy projects in Africa. This will assist European investment opportunities across the continent and promote socioeconomic and economic progress. The Waldorf Hilton luxury hotel in London will host a special New Year reception event on January 26 where participants will be encouraged to explore new avenues in financing energy projects on the African continent. The event is being hosted by the African Energy Chamber AEC, the voice of the African energy sector. Read More..

B2B Tech News | 2 months ago        

Brisbanes Gold Tower will receive a $100 million annex, according to Marquette Properties.

In Brisbanes golden triangle, Marquette Properties has plans for a $100 million office complex. The eightstory structure will be constructed next to

In Brisbanes golden triangle, Marquette Properties has plans for a $100 million office complex. The eightstory structure will be constructed next to the Gold Tower at 10 Eagle Street. It will be a scaleddown version of what the sites previous owner, Dexus, had in mind. A development application has been made by Marquette for the new tower, which will have a net lettable space of roughly 6,000 sq m. In 2023, the business intends to begin building. It paid Dexus $285 million for the Gold Tower in 2021 and currently manages roughly $1.3 billion in assets. Read More..

B2B Tech News | 2 months ago        

A $2 million round of funding for a Singaporean wellness company is supported by East Ventures and GSR.

Singaporebased directtoconsumer company Evo Commerce has raised US$2 million from investors including GSR Ventures, East Ventures, and 33 Capital in i

Singaporebased directtoconsumer company Evo Commerce has raised US$2 million from investors including GSR Ventures, East Ventures, and 33 Capital in its preseries A round. Evo Commerce, formerly known as Evolut Holdings, is an online store that offers goods for wellness, beauty, and health. BounceBack, an antihangover treatment that has been introduced in 10 markets worldwide, is the companys main product. Evo Commerces income increased 12 times in 2022. The company currently has 20,000+ clients. The company will use the additional funding to support its objectives for international growth, expand its web and ecommerce presence, and expand its production and R&D capabilities for new product categories. Read More..

B2B Tech News | 2 months ago        

Qvantum undertakes a €41.2 million fundraising effort with the goal of making the heat pump the wintertime companion of the urban European.

The former CEO of EQT Thomas von Koch and IKEAs investment arm Ikeasfaren are supporting Qvantums announcement of a SEK 460 million €41.2 million fi

The former CEO of EQT Thomas von Koch and IKEAs investment arm Ikeasfaren are supporting Qvantums announcement of a SEK 460 million €41.2 million financing. The Swedish manufacturer of heat pumps is attempting to place more of them in metropolitan areas. The Nordic region is home to some of the largest heat pump implementations. According to reports, Helsinki is considering installing a 500MW heat pump system in its central city districts. Qvantum customises the design of its heat pumps to meet the requirements of certain buildings. There are 1.9 million heat pumps in use in Sweden. Read More..

B2B Tech News | 2 months ago        



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Refresh Your Facts

1.  Global online sales are predicted to reach 22% of all retail sales in 2023.
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2.  Global tablet shipments are expected to hit 142 million by 2025, reports Statista.
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3.  Artificial Intelligence is expected to contribute $15.7 trillion to the economy by the year 2030.
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4.  Since the launch of the popular mobile game, Candy Crush, in 2012, players have spent a total of 73 billion hours (equivalent to 8.3 million years) playing this game.
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5.  Approximately 8 billion gadgets connect on the internet every day.
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