Quattro (four-wheel-drive system)

Foretellix Raises $85 Million in Series C Closing

Retrieved on: 
Tuesday, December 5, 2023
ASAM, V&V, Safety, Entrepreneurship, OurCrowd, Mining, Temasek, Advanced driver-assistance system, Build automation, AV, Quattro (four-wheel-drive system), Growth, Original equipment manufacturer, ADAS, Isuzu

TEL-AVIV, Israel and SUNNYVALE, Calif., Dec. 5, 2023 /PRNewswire/ -- Foretellix, the leading provider of safety-driven verification and validation (V&V) solutions for Automated Driving Systems and Advanced Driver Assistance Systems (ADAS), has announced today that it closed a Series C funding round of $85 million, bringing its total raised capital to $135 million. The funding round was led by 83North. The new investors Temasek and Isuzu joined Woven Capital - the growth fund of Toyota - NVIDIA, and Artofin, which participated in the first closing earlier this year. All major existing shareholders participated, including MoreTech, Nationwide, Volvo Group VC, Jump Capital, Next Gear Ventures, and OurCrowd. Foretellix will use the funding to accelerate the development of its expanding product portfolio and address the growing worldwide demand for its solutions.

Key Points: 
  • The new investors Temasek and Isuzu joined Woven Capital - the growth fund of Toyota - NVIDIA, and Artofin, which participated in the first closing earlier this year.
  • Foretellix will use the funding to accelerate the development of its expanding product portfolio and address the growing worldwide demand for its solutions.
  • "We are thrilled to have Temasek and Isuzu join as investors," said Ziv Binyamini, Foretellix CEO and Co-Founder.
  • Foretellix led the ASAM OpenSCENARIO® 2.0 (OSC2.0) standard development, revolutionizing how safety is developed and tested in Automated Driving Systems.

Foretellix Raises $85 Million in Series C Closing

Retrieved on: 
Tuesday, December 5, 2023
ASAM, V&V, Safety, Entrepreneurship, OurCrowd, Mining, Temasek, Advanced driver-assistance system, Build automation, AV, Quattro (four-wheel-drive system), Growth, Original equipment manufacturer, ADAS, Isuzu

TEL-AVIV, Israel and SUNNYVALE, Calif., Dec. 5, 2023 /PRNewswire/ -- Foretellix, the leading provider of safety-driven verification and validation (V&V) solutions for Automated Driving Systems and Advanced Driver Assistance Systems (ADAS), has announced today that it closed a Series C funding round of $85 million, bringing its total raised capital to $135 million. The funding round was led by 83North. The new investors Temasek and Isuzu joined Woven Capital - the growth fund of Toyota - NVIDIA, and Artofin, which participated in the first closing earlier this year. All major existing shareholders participated, including MoreTech, Nationwide, Volvo Group VC, Jump Capital, Next Gear Ventures, and OurCrowd. Foretellix will use the funding to accelerate the development of its expanding product portfolio and address the growing worldwide demand for its solutions.

Key Points: 
  • The new investors Temasek and Isuzu joined Woven Capital - the growth fund of Toyota - NVIDIA, and Artofin, which participated in the first closing earlier this year.
  • Foretellix will use the funding to accelerate the development of its expanding product portfolio and address the growing worldwide demand for its solutions.
  • "We are thrilled to have Temasek and Isuzu join as investors," said Ziv Binyamini, Foretellix CEO and Co-Founder.
  • Foretellix led the ASAM OpenSCENARIO® 2.0 (OSC2.0) standard development, revolutionizing how safety is developed and tested in Automated Driving Systems.

Mitsubishi Heavy Industries Delivers Large YoY Increases to Order Intake, Revenue, and Profit in Remarkable First Half, Raises FY2023 Order Intake Guidance

Retrieved on: 
Monday, November 6, 2023
Heat, Yoy, Commercial aviation, International Aero Engines, EBITDA, P&I, Ventilation, Growth, LT, Quattro (four-wheel-drive system), Risk, TSE, ADS, Thermal, Depreciation, HVAC, MHI, Boeing Defense, Space & Security, C&E, Uncertainty, Airline, Retail, Engineering, Energy, Aircraft, GTCC, Defense

- Raised full-year FY2023 order intake forecast by YEN1 trillion to reflect strength in GTCC and Defense & Space businesses.

Key Points: 
  • - Raised full-year FY2023 order intake forecast by YEN1 trillion to reflect strength in GTCC and Defense & Space businesses.
  • TOKYO, Nov 6, 2023 - (JCN Newswire) - Mitsubishi Heavy Industries (MHI, TSE Code: 7011) announced that order intake rose 55.4% year-over-year to YEN3,137.0 billion in the half-year ended September 30, 2023.
  • Profit attributable to owners of parent (net income) was YEN91.9 billion, an increase of 69.8% year-over-year, with a profit margin of 4.4%.
  • LT&D saw large YoY increases in order intake and revenue, at YEN71.9 billion and YEN69.9 billion, respectively.

Foretellix Raises $43 Million in Series C First Closing

Retrieved on: 
Tuesday, May 2, 2023
IPG, ASAM, Daimler Truck, KPI-driven code analysis, ODD, Original equipment manufacturer, SDV, Woven fabric, Quattro (four-wheel-drive system), Build automation, Volvo, Torc, Triage, Anomaly, Advanced driver-assistance system, V&V, DSpace, Entrepreneurship, ADAS, Mining, Safety, Cryptocurrency, Investment, NVIDIA

TEL-AVIV, Israel and SUNNYVALE, Calif., May 2, 2023 /PRNewswire/ -- Foretellix, the leading provider of safety-driven verification and validation solutions for Automated Driving Systems and Advanced Driver Assistance Systems (ADAS), announced today it had raised $43 million in the first closing of its Series C funding round led by 83North, bringing its total raised capital to over $93 million. Woven Capital, the growth fund of Toyota, and NVIDIA joined the financing round, along with Artofin VC. All major existing shareholders participated, including MoreTech, Nationwide, Volvo Group VC, and Jump Capital. Foretellix will use the funding to accelerate the development of its expanding product portfolio and fuel expansion across new geographies.

Key Points: 
  • Foretellix will use the funding to accelerate the development of its expanding product portfolio and fuel expansion across new geographies.
  • "We are thrilled to have Woven by Toyota and NVIDIA as strategic partners," said Ziv Binyamini, Foretellix CEO and Co-Founder.
  • Foretellix is a leading player in this space, and we are excited to work together to advance automated driving technologies."
  • Foretellix led the ASAM OpenSCENARIO® 2.0 (OSC2.0) standard development revolutionizing how safety is developed and tested in Automated Driving Systems.

Foretellix Raises $43 Million in Series C First Closing

Retrieved on: 
Tuesday, May 2, 2023
IPG, ASAM, Daimler Truck, KPI-driven code analysis, ODD, Original equipment manufacturer, SDV, Woven fabric, Quattro (four-wheel-drive system), Build automation, Volvo, Torc, Triage, Anomaly, Advanced driver-assistance system, V&V, DSpace, Entrepreneurship, ADAS, Mining, Safety, Cryptocurrency, Investment, NVIDIA

TEL-AVIV, Israel and SUNNYVALE, Calif., May 2, 2023 /PRNewswire/ -- Foretellix, the leading provider of safety-driven verification and validation solutions for Automated Driving Systems and Advanced Driver Assistance Systems (ADAS), announced today it had raised $43 million in the first closing of its Series C funding round led by 83North, bringing its total raised capital to over $93 million. Woven Capital, the growth fund of Toyota, and NVIDIA joined the financing round, along with Artofin VC. All major existing shareholders participated, including MoreTech, Nationwide, Volvo Group VC, and Jump Capital. Foretellix will use the funding to accelerate the development of its expanding product portfolio and fuel expansion across new geographies.

Key Points: 
  • Foretellix will use the funding to accelerate the development of its expanding product portfolio and fuel expansion across new geographies.
  • "We are thrilled to have Woven by Toyota and NVIDIA as strategic partners," said Ziv Binyamini, Foretellix CEO and Co-Founder.
  • Foretellix is a leading player in this space, and we are excited to work together to advance automated driving technologies."
  • Foretellix led the ASAM OpenSCENARIO® 2.0 (OSC2.0) standard development revolutionizing how safety is developed and tested in Automated Driving Systems.

MHI Publishes Integrated Report "MHI Report 2022"

Retrieved on: 
Wednesday, November 30, 2022
Carbon, CFO, JMA, Environment, Kyoto University, Business plan, History, ESG, Plant, Disclosure, United Nations General Assembly, KPI-driven code analysis, Climate change, Integrated Defense Systems, SSL (company), Policy, United Nations, Mitsubishi Heavy Industries, Graduate school, Meteorological Administration, Owen Graduate School of Management, SWOT, Journal of Infrastructure Systems, Energy, Research, Carbon neutrality, Sustainable Development Goals, Quality of life, Commercial aviation, CO2, Quattro (four-wheel-drive system), Japan Meteorological Agency, MHI, Renewable energy, Management, Risk management

TOKYO, Nov 30, 2022 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) today published the "MHI Report 2022."

Key Points: 
  • TOKYO, Nov 30, 2022 - (JCN Newswire) - Mitsubishi Heavy Industries, Ltd. (MHI) today published the "MHI Report 2022."
  • The focus of this year's integrated report is on MHI Group's contributions to global Carbon Neutrality.
  • The report opens with a message from the President and CEO Seiji Izumisawa outlining MHI Group's value creation proposal.
  • The MHI Report 2022 also contains a special feature on various measures being implemented by MHI Group toward realizing a carbon neutral world.

Berkshire Hathaway GUARD Insurance Companies Sees Reduction in Accidents with Cars Equipped with Safe Drive Systems Active Driver Assistance System (ADAS)

Retrieved on: 
Wednesday, August 31, 2022
Automotive Manufacturing, Fleet Management, Manufacturing, Other Professional Services, Automotive, Other Technology, Insurance, Software, Venture Capital, Internet, Professional Services, Data Management, Technology, Mobile, Wireless, General Health, Health, Other Automotive, General Automotive, Performance & Special Interest, Technology, Berkshire Hathaway GUARD Insurance Companies, Getty, NTSB, Insurance, SDS, National Transportation Safety Board, Australian Transport Safety Bureau, Multimedia, ADAS, Quattro (four-wheel-drive system), Berkshire Hathaway, Radar, AWACS, Car rental, Road, Rail transport, Accident

Safe Drive Systems (SDS), the leading developer and distributor of advanced auto safety technologies, has announced the results of a three-year pilot project conducted by Berkshire Hathaway GUARD Insurance Companies .

Key Points: 
  • Safe Drive Systems (SDS), the leading developer and distributor of advanced auto safety technologies, has announced the results of a three-year pilot project conducted by Berkshire Hathaway GUARD Insurance Companies .
  • View the full release here: https://www.businesswire.com/news/home/20220830005772/en/
    Berkshire Hathaway GUARD Insurance Companies Sees Reduction in Accidents with Cars Equipped with Safe Drive Systems Active Driver Assistance System (ADAS).
  • (Photo: Getty)
    SDSs Active Driver Assistance System, supplemented with SDS Telematics unit, were tested to evaluate whether they reduce the frequency and severity of accidents.
  • Berkshire Hathaway GUARD Insurance Companies is a property and casualty insurance specialist writing $2 billion in premium nationwide.

Introducing NX12: The Latest e-bike Innovation By Modmo Technologies

Retrieved on: 
Thursday, July 28, 2022
Carbon, Quattro (four-wheel-drive system), Torque, Industry, Eurobike, B2C, Android, Multimedia, GPS, Mobile phone, Online shopping

DUBLIN, July 28, 2022 /PRNewswire/ -- Unveiled to the public in mid-July at EuroBike 2022, the Modmo NX12's near-infinite lifecycle, sustainable build, and unparalleled versatility will undoubtedly revolutionize the electromobility industry.

Key Points: 
  • Irish micromobility company Modmo Technologies Ltd. is pleased to announce the development of their next generation, state-of-the-art ebike, the NX12.
  • From frame to forks, the NX12 has been designed for ultimate precision, performance and sustainability.
  • Finally, it features an automatic Enviolo Rear Hub for stepless shifting, and like all Modmo ebikes, it is designed to be fully modular.
  • All Modmo products are smart, electric, and modular, meaning effortless mobility, modular utility and innovative technology.

Mitsubishi Heavy Industries Achieves Record-Breaking Cash Flow in FY2021 and Plans Increased Dividends

Retrieved on: 
Thursday, May 12, 2022
Carbon neutrality, Plant, Investment, MHI, Health, Quality of life, JAC, Quattro (four-wheel-drive system), Defense, Journal of Infrastructure Systems, TSE, Boeing Defense, Space & Security, Board, Energy, GTCC, Biomass, Mitsubishi Heavy Industries, Achievement, Renewable energy, EBITDA, Logistics

EBITDA was ¥292.4 billion, a 51.3% increase from FY2020, with an EBITDA margin of 7.6%, up 2.4 percentage points year-over-year.

Key Points: 
  • EBITDA was ¥292.4 billion, a 51.3% increase from FY2020, with an EBITDA margin of 7.6%, up 2.4 percentage points year-over-year.
  • Free cash flow was ¥301.8 billion, a company record high and an increase of ¥579 billion year-over-year.
  • “We made improvements in all major financial indicators while achieving record-breaking free cash flow and increasing shareholder returns.
  • Mitsubishi Heavy Industries (MHI) Group is one of the world’s leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense.

Mitsubishi Heavy Industries Achieves Record-Breaking Cash Flow in FY2021 and Plans Increased Dividends

Retrieved on: 
Thursday, May 12, 2022
Aerospace, Technology, Manufacturing, Professional Services, Nuclear, Satellite, Oil, Gas, Other Professional Services, Energy, Engineering, Hardware, Carbon neutrality, Plant, Investment, MHI, JAC, Quattro (four-wheel-drive system), Defense, Journal of Infrastructure Systems, Boeing Defense, Space & Security, Energy, GTCC, Biomass, Achievement, Renewable energy, Logistics

Nuclear Power (Energy Systems) continues to show strong performance, with revenue growing steadily over the past five years.

Key Points: 
  • Nuclear Power (Energy Systems) continues to show strong performance, with revenue growing steadily over the past five years.
  • Another notable achievement was the recovery of revenue in the Logistics, Thermal & Drive Systems segment to pre-COVID (FY2019) levels.
  • MHI will experience a year-over-year decrease in free cash flow as it continues to make necessary investments in Carbon Neutrality as a part of its MISSION NET ZERO initiative.
  • However, this is well within the range of normal business operations, and profitability remains strong, as evidenced by a projected double-digit increase in EBITDA year-over-year.