FirstClose closes USD 35 million investment from Lateral for new strategies

FirstClose, Inc., a leading fintech provider of data and workflow solutions for mortgage and home equity lenders nationwide, has closed a USD 35 million investment from growth equity firm Lateral Investment Management to accelerate its product and growth strategies. FirstClose provides underwriting workflow automation technology, point-of-sale software, and data services for the U.S. home equity […]

Volvo Trucks opens its first battery assembly plant

Volvo Trucks is opening its very first battery assembly plant. Located in Ghent, Belgium, the plant will supply ready-to-install batteries for Volvo Trucks’ full electric heavy-duty trucks. “This investment shows our strong commitment to electrifying truck transportation. By 2030, at least 50 percent of all trucks we sell globally will be electric and by 2040, […]

Volta Trucks onboards Carrier Transicold for Volta Zero electric trucks

Volta Trucks, a leading and disruptive full-electric commercial vehicle manufacturer and services provider, has confirmed the selection of Carrier Transicold as the sole supplier of refrigerated equipment for the full-electric 16-tonne Volta Zero. Carrier Transicold is a part of Carrier Global Corporation, the leading global provider of healthy, safe, sustainable, and intelligent building and cold […]

ZF unveils EcoLife CoachLine, new six-speed automatic transmission system for buses

ZF’s Commercial Vehicle Solutions (CVS) division has unveiled EcoLife CoachLine. The second generation of its proven six-speed automatic transmission, EcoLife CoachLine is suitable for coach applications, whether operating in a city, inter-city or even a challenging, steep mountain track. It offers advantages for customers including outstanding passenger comfort and significant fuel savings of up to […]

GrAI Matter Labs to unveil full-stack AI system-on-chip platform

GrAI Matter Labs, a pioneer of brain-inspired ultra-low latency computing, it will be unveiling GrAI VIP, a full-stack AI system-on-chip platform, to partners and customers at GLOBAL INDUSTRIE, May 17th-20th, 2022. At GLOBAL INDUSTRIE event, GML will demonstrate a live event-based, brain-inspired computing solution for purpose-built, efficient inference in a real-world application of robotics using […]

Renesas to invest 90 billion Yen for semiconductor plant in Kofu, Japan

Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, today announced that it will conduct a 90-billion-yen worth investment in its Kofu Factory, located in Kai City, Yamanashi Prefecture, Japan. While the Factory was closed in October 2014, Renesas intends to reopen the fab in 2024 as a 300-mm wafer fab capable of manufacturing […]

Redwire to open new Space Robotics facility in Luxembourg

Redwire Corporation, a leader in space infrastructure for the next generation space economy, announced today that it will be hosting a ribbon-cutting at its facility in Luxembourg City, Luxembourg, on May 19. There will be a tour of the laboratories, technology displays and remarks from featured speakers, including Luxembourg’s Minister of Economy Franz Fayot, U.S. […]

Renault Group sells its Russian entity as part of its global strategy for FY2022

The Board of Directors of Renault Group unanimously approved the signing of agreements to sell 100% of Renault Group’s shares in Renault Russia to Moscow City entity and its 67.69% interest in AVTOVAZ to NAMI (the Central Research and Development Automobile and Engine Institute).  The closing of these transactions is not subject to any conditions, […]

ABB E-mobility and Shell to launch nationwide network of EV chargers in Germany

ABB E-mobility and Shell announce plans to launch the first nationwide network of Terra 360’s, claimed to be the world’s fastest all-in-one electric car charger. With over 200 Terra 360 chargers to be launched across Germany in the next 12 months, ABB E-mobility and Shell will help to ensure greater charger availability and charging speed […]