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Magnis Energy Technologies begins commercial production at its lithiumion battery plant in New York

Magnis Energy Technologies Limited ASX MNS, OTCQX MNSEF has entered commercial production at its New York iM3NY lithiumion battery plant in Endicott,

Magnis Energy Technologies Limited ASX MNS, OTCQX MNSEF has entered commercial production at its New York iM3NY lithiumion battery plant in Endicott, New York. The company is currently expanding its production capacity to meet the enormous demand for lithiumion batteries in North America. Measuring an annual production rate of 1.8 GWh of battery cells, production is expected to increase to 15,000 cells per day by next month. iM3NY, North Americas only green lithiumion battery factory, has begun commercial production. Before sale, Magnis Energy will test the first weeks of manufacture to ensure quality, with first revenues expected at the end of September. By 2030, the company plans to increase the annual capacity of the power plant to 38 GWh. Read More..

B2B Tech News | 3 years ago          

Health technology startups in Germany are driving innovation

The healthcare/life sciences HCD industry is a focus for the EU and Germany. Ada Health is a digital health company that uses an AIpowered platform to

The healthcare/life sciences HCD industry is a focus for the EU and Germany. Ada Health is a digital health company that uses an AIpowered platform to diagnose symptoms and provide treatment recommendations. Cara Care has already helped more than 700,000 patients worldwide with softwarebased medical devices. Mica helps patients with chronic digestive conditions live better lives with supplementbased therapy. Gandolf Finke and Jan Rao founded Mica in Berlin, Germany. Mika is a digital platform that empowers people with cancer. Avi Medical uses datadriven medicine to provide an efficient and modern experience for patients and healthcare professionals. FORMEL Skin offers effective medical and scientific solutions. Read More..

B2B Tech News | 3 years ago          

The $95M financing at AI pharma company Insilico is powered by Aramcos Prosperity7

Insilico has raised $35 million on the heels of its last tranche in June. Prosperity7, the venture capital arm of Saudi Arabias state oil company Aram

Insilico has raised $35 million on the heels of its last tranche in June. Prosperity7, the venture capital arm of Saudi Arabias state oil company Aramco, led the investment. The new round was oversubscribed, CEO Alex Zhavoronkov told TechCrunch. The firms R&D and drug discovery operations are largely done in China, with manufacturing in the U.S.The firm uses machine learning to identify potential drug targets and eventually create the drug. Other investors include Warburg Pincus, B Capital Group, and other financial and strategic investors. The firms new dualCEO structure allows it to focus on both its drug discovery and AI platform. Read More..

B2B Tech News | 3 years ago          

Google opposes Facebookbacked proposal to set up selfregulatory organization in India

The proposal is supported by Facebook and Twitter, but Google has serious reservations about creating a selfregulatory body to allow Indias social med

The proposal is supported by Facebook and Twitter, but Google has serious reservations about creating a selfregulatory body to allow Indias social media industry to hear user complaints, a source familiar with the discussion told Reuters. India said in June it proposed appointing a government committee to hear user complaints about content arbitration decisions, but said it was open to the idea of ​​selfregulatory bodies if the industry was willing to do so. Twitter faced backlash after it blocked the accounts of politicians and other influential Indians for policy violations.Twitter also severed ties with the Indian government last year after it refused to fully comply with an order to delete accounts it suspected of spreading misinformation. Western tech giants have been feuding with the Indian government for years, arguing that tighter regulations will hurt their businesses and investment plans. Read More..

B2B Tech News | 3 years ago          

Kenyan B2B ecommerce platform Marketforce is cutting around 9% of its staff as part of a restructuring strategy

A Kenyan B2B retail and endtoend distribution platform has laid off some of its workforce. The layoffs are part of a restructuring strategy in one of

A Kenyan B2B retail and endtoend distribution platform has laid off some of its workforce. The layoffs are part of a restructuring strategy in one of Kenyas five markets. CEO Tesh Mbaabu confirmed the news on a call with TechCrunch, adding that the company let go of 54 people. Marketforce had more than 600 employees before the event so about 9% of its overall workforce was affected. CEO Julius Mbaabu said some roles will be made redundant and new ones will emerge, but the rest of the markets will not be affected. RejaReja is an assetlight merchant super app and marketplace that informal traders can use to source goods directly from manufacturers and distributors and make an order digitally. Read More..

B2B Tech News | 3 years ago          

European shares were mixed after Asian markets fell on a technical decline

European share markets were mixed on Tuesday after gains in most Asian markets despite weakness in technology shares, including Japans SoftBank. Fight

European share markets were mixed on Tuesday after gains in most Asian markets despite weakness in technology shares, including Japans SoftBank. Fighting in Ukraine and attacks on Europes biggest nuclear plant are other factors hanging over markets. Analysts monitoring Asian markets said regional tensions remain a risk because of the flareup between China and Taiwan. Any major developments on the China/Taiwan front could impact overall risk demand. China confirmed it would extend military drills around Taiwan, and the military will conduct regular exercises on the eastern side of the Taiwan Strait. Also of concern are the rising cases of COVID19 in China, Japan, and some other Asian nations, and their potential impact on supply chains. Read More..

B2B Tech News | 3 years ago          

NG.CASH raises $10 million to empower financially independent youth in Brazil

Brazilian fintech firm NG.CASH has announced that it has raised a $10 million seed round led by Andreessen Horowitz a16z and Monashes. Other participa

Brazilian fintech firm NG.CASH has announced that it has raised a $10 million seed round led by Andreessen Horowitz a16z and Monashes. Other participants in the round include 17Sigma and Ualá, Rappi, Mobile, and Brex. The founders entered. Fintech offers a digital wallet app for instant payments, mobile topups, money transfers, and discount shopping. A prepaid card works like a credit card for online purchases. Today, the startups sources of income are card interchange fees, and ticket and product fees. It already has 900,000 users, and its target audience is Brazilians between the ages of 10 and 24. The startups CEO, Mario Augusto Sá, launched Neagle, a popular YouTube channel among young Brazilians, Ten years ago. Therefore, NG.CASHs customer acquisition costs are low because Sá can already reach a large number of young people. According to Sá, this audience is asking for an NFT product and NG.CASH plans to market this product as a longterm stablecoin. This is because many young Read More..

B2B Tech News | 3 years ago          

Global stocks were mostly higher after Wall Street hit a threemonth high

U.S. consumer inflation cooled to 8.5% in July from a year earlier. That was down from Junes fourdecade high of 9.1%. Germanys DAX edged 0.2% lower, t

U.S. consumer inflation cooled to 8.5% in July from a year earlier. That was down from Junes fourdecade high of 9.1%. Germanys DAX edged 0.2% lower, to 13,674.98, while in Paris the CAC 40 added 0.1% to 6,531.38. The S&P 500 and Dow Jones closed at threemonth highs on Wednesday. The national average for a gallon of gas fell to $3.99 on Thursday, down from $4.01 a month ago. The inflation data encouraged traders to scale back bets on how much the Fed will raise interest rates at its next meeting. Wall Street is watching to see if the Fed can succeed in hitting the brakes on the economy and cooling inflation without veering into a recession. Read More..

B2B Tech News | 3 years ago          



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