Boston Metal raises USD120Mln Series C Financing powered by ArcelorMittal
Boston Metal, a firm developing technology to fully decarbonize steel production, recently announced the USD $120 million first close of Series C fundraising led by a multinational steel company, ArcelorMittal S.A. Microsoft’s Climate Innovation Fund and SiteGround Capital also joined as new investors in this round, alongside current investors. ArcelorMittal’s lead investment was made through […]
TRM Equity acquires Innovative Hearth Products
TRM Equity II (“TRM”), the Michigan based private equity fund, has acquired substantially all of the assets of Innovative Hearth Products (“IHP”). With production facilities in Russellville, AL, and Auburn, WA, IHP is a leading manufacturer of indoor and outdoor fireplaces, free-standing stoves, gas logs, fireplace inserts, venting products, and accessories for the specialty retail, residential, new construction, and industrial […]
Zulekha Healthcare Group announces partnership with Dubai Sports Council
Zulekha Healthcare Group announced their collaboration with the Dubai Sports Council (DSC), reaffirming the need for individuals to maintain a healthy lifestyle and stay fit with different sports in line with the objective of Government of UAE in harnessing a healthy lifestyle for residents. The Group has also launched its Health and Wellbeing Initiative for […]
NBB and JCB signs agreement to enable the JCB cards acceptance
The National Bank of Bahrain (NBB) and JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., Japan’s only international payment brand, have signed an agreement to enable JCB payment acceptance at the bank’s POS and e-commerce merchants in the Kingdom of Bahrain. The signing ceremony was recently held at NBB Headquarters in […]
AMPECO raises USD 16 mln in venture capital investment
AMPECO has raised a total of USD 16M in venture capital investment after having closed a Series A funding round of USD 13M led by BMW i Ventures. The funding will be used to drive further expansion into North America with a local presence while growing AMPECO’s engineering and product innovation teams. In addition to […]
Renesas Electronics unveils new driver ICs for EVs
Renesas Electronics Corporation, a premier supplier of advanced semiconductor solutions, recently announced a new gate driver IC that is designed to drive high-voltage power devices such as IGBTs (Insulated Gate Bipolar Transistors) and SiC (Silicon Carbide) MOSFETs for electric vehicle (EV) inverters. Gate driver ICs are essential components to EV inverters, providing an interface between […]
Broadhill Capital releases its 2023 capital deployment plan
Broadhill Capital announced today that the firm will target to commit equity investment of USD 15 Billion across approximately 100-150 businesses. “We expect to make non-control equity investments into businesses that have the potential to achieve 5-10x revenue growth with our capital commitment,” stated investment committee member Francis König. “We separate ourselves by our willingness […]
Continental unveils new FOSS for advanced mobility applications
Continental promotes the development and use of open source software. The technology company has adopted a manifesto that emphasizes its commitment to collaborative work with Free and Open Source Software (FOSS). Open source software are programs whose source code is open and accessible. Corresponding software can be used, analyzed, modified and distributed by all users […]
BMW Group pushes digitalisation with new SAP partnership
The BMW Group will intensify its far-reaching strategic partnership with SAP SE. The aim is to significantly accelerate the digital transformation of the company. This was sealed by both companies on 25 January 2023. The premium manufacturer is building on its cloud strategy to digitalize faster, more comprehensively and more efficiently in the future. The […]
Grupo Antolin reveals new headliners from organic waste
Grupo Antolin takes another step forward in its firm commitment to sustainability and defossilization of mobility. The company is actively working with the supply chain to become a business reference for environmental commitment, contributing to the fight against climate change and supporting the transition to a low-carbon economy, thanks to a range of products with […]
