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Envisics Attracts New Investments from Hyundai Mobis, GM Ventures, Stellantis and Jaguar Land Rover's InMotion Ventures

Retrieved on: 
Friday, March 10, 2023

MILTON KEYNES, England, March 10, 2023 /PRNewswire/ -- Envisics, pioneer and global leader in dynamic holographic technology has today announced receiving over $50m as part of its Series C strategic funding round. The round was led by Hyundai Mobis – a strategic investor from the Series B round in 2020 – with additional investments from new strategic shareholders InMotion Ventures, the investment arm of Jaguar Land Rover, and Stellantis.

Key Points: 
  • Long-term investors Hyundai Mobis, GM Ventures, and Tarsadia Investments are joined by Jaguar Land Rover's InMotion Ventures and Stellantis Ventures as new strategic shareholders.
  • The round was led by Hyundai Mobis – a strategic investor from the Series B round in 2020 – with additional investments from new strategic shareholders InMotion Ventures, the investment arm of Jaguar Land Rover, and Stellantis.
  • Envisics Ltd. is a private company registered and headquartered in the U.K. Envisics Ltd. is owned by Envisics Inc., a Delaware corporation.
  • Following the Series C financing round, the ownership structure includes strategic investors Tarsadia Investments, GM Ventures, Hyundai Mobis, Stellantis Ventures, SAIC Motors and Van Tuyl Companies.

WOVEN PLANET HOLDINGS APPOINTS JOHN ABSMEIER TO BE CHIEF TECHNOLOGY OFFICER

Retrieved on: 
Wednesday, June 29, 2022

TOKYO and PALO ALTO, Calif., June 28, 2022 /PRNewswire/ -- Woven Planet Holdings, Inc. ("Woven Planet"), a subsidiary of Toyota Motor Corporation ("Toyota"), today announced that John Absmeier will join the Company as chief technology officer, effective July 25, 2022. He will report to Woven Planet CEO James Kuffner.

Key Points: 
  • TOKYO and PALO ALTO, Calif., June 28, 2022 /PRNewswire/ --Woven Planet Holdings, Inc. ("Woven Planet"), a subsidiary of Toyota Motor Corporation ("Toyota"), today announced that John Absmeier will join the Company as chief technology officer, effective July 25, 2022.
  • "I am honored and humbled to serve as Woven Planet's Chief Technology Officer," said John Absmeier.
  • John joins Woven Planet from Lear Corporation, where he led all aspects of innovation and technology as the Chief Technology Officer.
  • With a focus on automated driving, robotics, and Woven City, Woven Planet builds on Toyota's legacy of trust to deliver secure, connected, reliable, and sustainable mobility solutions for all.

DGAP-News: Third quarter: Vitesco Technologies achieves solid results in a challenging market environment

Retrieved on: 
Thursday, November 11, 2021

Vitesco Technologies, a leading international developer and manufacturer of state-of-the-art powertrain technologies for sustainable mobility, today announced its third quarter results for 2021.

Key Points: 
  • Vitesco Technologies, a leading international developer and manufacturer of state-of-the-art powertrain technologies for sustainable mobility, today announced its third quarter results for 2021.
  • Subsequently, Vitesco Technologies operates as an independent company in the dynamically growing electromobility market.
  • Nonetheless, Vitesco Technologies was resilient in a challenging market environment.
  • Vitesco Technologies expects the market environment to remain challenging in the fourth quarter.