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Pledge raises $4.5m for API that helps companies reduce emissions
Pledge has secured $4.5m in seed funding for its climate impact measuring tools. The company - founded by ex-employees of Freetrade and Revolut - will offer an API for carbon measurement and removal. Investors include Visionaries Club and Lowercarbon Capital. "We believe that in the near future every company will have to report on their environmental footprint," Pledge said in a statement.
Stellantis and Samsung to set up EV battery joint venture
Stellantis is to team up with Samsung in the United States to produce electric vehicle battery cells and modules. It follows a similar announcement last week regarding a partnership with LG Energy Solution. Stellantis, formed after the merger of Fiat Chrysler and PSA, now has annual battery production capacity of up to 80 GWh. It wants 40% of its U.S. sales by 2030 to be EVs.
Via Separations raises $38m to drive industrial decarbonisation
A startup which has developed a solution to drive decarbonisation in manufacturing has raised $38m. Via Separations, a spin-off from the Massachusetts Institute of Technology, has been backed by NGP ETP - a specialist in the space - along with a number of other investors. Its filtration system fits into the middle of a manufacturing process and is deployed primarily in the pulp and paper sector.
Tesla’s November production start at German factory looking unlikely
Tesla will repeat an online consultation with local citizens before they can get the go-ahead to begin production at Gruenheide. Tesla CEO Eon Musk said earlier this month that he hoped the factory would start production in November, but that now appears unlikely. The consultation will be repeated between Nov 2-22 after the environmental ministry raised concerns it didn’t comply with regulations.
360Learning closes $200m round
Edtech firm 360Learning has raised $200m from SoftBank and other high-profile investors. The company's platform allows professionals to learn from peers through shared courses. Silver Lake and Sumeru joined the investment round. 360Learning has deployed artificial intelligence to improve its offering by identifying courses that can be improved. The French now aims to explore new markets.
Searches for digital health products in the UK up 343% during lockdown
Searches for digital health products rose by 343% in the UK during lockdown, according to the BMJ. Research led by the Organisation for the Review of Health and Care Applications found that the number of people looking for digital alternatives rose sharply during the pandemic. 92% of medical conditions areas saw an increase in searches. Data was collected from January 2019 to December 2020.
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Foxconn will build EVs in Europe, India and Latin America - chairman
Foxconn's chairman Liu Young-way says the company will build electric vehicles in Europe, India and Latin America. The Taiwanese tech giant is making a major strategic pivot towards EVs. Liu also revealed that it will cooperate "indirectly" with Germany manufacturers in EV production. In May it joined forces with Stellantis to create a joint venture to supply in-car and connected-car technologies.
Cognizant makes 2030 net-zero pledge
Cognizant has made a commitment to achieve net-zero carbon emissions by 2030. The tech services giant announced the new target as part of a renewed environmental, social and governance agenda. "We take seriously our responsibility to leverage our expertise and resources to help address climate change," said CEO Brian Humphries. Longer-term, Cognizant wants to reduce emissions by 90% by 2040.
Stellantis and TheF Charging collaborate on Europe-wide EV charging network
Car manufacturer Stellantis is to work with TheF Charging, an Italian e-mobility startup, to build a Europe-wide public electric vehicle charging network. They aim to cover over 15,000 locations in Europe with two million parking spaces. The network will be accessible to all electric vehicles but Stellantis customers will have "exclusive conditions". They aim to complete the work by 2025.
UK scientists use infrared light to help dementia patients
Infrared light therapy could potentially be used to help people living with dementia, scientists have said. A team of UK researchers from Durham University have conducted a pilot where they used a helmet to beam infrared light into healthy volunteers' brains. The results showed improvements in their memory, motor function and processing skills. The helmet can also be used by patients at home.
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