Veoneer to hand over its active safety business to Magna
The automotive technology company Veoneer announced that it has entered into an agreement with Magna International Inc., a mobility technology company and one of the largest suppliers in the auto industry. Under the agreement Magna will acquire Veoneer’s Active Safety business from SSW Partners, a New York based investment partnership (“SSW”) for $1.525 billion in cash, subject to working […]
KYOCERA AVX joins IMC to advance IoT go-to-market
KYOCERA AVX, a manufacturer of antennas and RF chipsets, has joined the IoT M2M Council (IMC), the largest trade association dedicated to the nascent IoT sector. The company aims to improve speed-to-market for IoT adopters with a holistic approach to hardware and connectivity in product design. For its part, the IMC will provide the company […]
DevOps company Eficode receives strategic investment from Investcorp
Eficode has announced a significant investment from Investcorp, a leading global alternative investment firm. Investcorp becomes a majority shareholder in Eficode, and will partner with Eficode’s founder, Risto Virkkala, and CEO, Ilari Nurmi, to support Eficode through its next phase of ambitious growth and international expansion. Risto, Ilari, and the rest of the Eficode management team will […]
French Startup Sonio raises significant funds to accelarate fetal diagnostics
Sonio announces a €10M fundraising through the European Innovation Council Accelerator, the leading fund in supporting European deep-tech companies. For this cohort, among 1092 projects submitted, only 78 companies were selected by the EIC Accelerator. This fundraising (€2.5M in grant and €7.5M in equity investment) comes in addition to the €5M previously raised with Elaia, OneRagtime […]
Toyota collaborates with Oncor to step up EV charging ecosystem
Toyota Motor North America (Toyota) and Oncor Electric Delivery (Oncor), a Texas-based electric transmission and distribution company, have recently agreed to collaborate on a pilot project around vehicle-to-grid (V2G), a technology that allows vehicles to flow energy from their battery back onto the electric grid. The effort will be led by Toyota’s Electric Vehicle Charging Solutions […]
