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Epsilon Advanced Materials to invest $650 million in US-based electric battery unit-thumnail

Epsilon Advanced Materials to invest $650 million in US-based electric battery unit

Epsilon Advanced Materials (EAM) has made a staggering announcement, revealing its plans to invest a mind-boggling $650 million in the establishment of an exceptional electric vehicle battery components facility within the United States. This visionary company aims to construct a state-of-the-art synthetic graphite anode manufacturing facility, boasting an impressive production capacity of 50,000 tons per annum (TPA). The primary goal of this facility will be to supply high-capacity anode materials, all of which will be produced using innovative green technologies.

Investment & Funding

Jun 26, 2023

Amazon and Google plan to increase their investments in India following Modi’s visit-thumnail

Amazon and Google plan to increase their investments in India following Modi’s visit

Amazon and Google have committed to increasing their investments in India as the internet titans attempt to accelerate expansion in a critical region.

Business

Jun 26, 2023

Deepinder Goyal, Nikhil Kamath, and others contribute $2 million to sneaker reseller Mainstreet Marketplace-thumnail

Deepinder Goyal, Nikhil Kamath, and others contribute $2 million to sneaker reseller Mainstreet Marketplace

Deepinder Goyal, Nikhil Kamath, and others contribute $2 million to sneaker reseller Mainstreet Marketplace

Investment & Funding

Jun 26, 2023

Focused on gaming and media Lumikai makes its second offering with a $50 million corpus goal-thumnail

Focused on gaming and media Lumikai makes its second offering with a $50 million corpus goal

The second fund from Indian gaming and interactive media firm Lumikai has been launched with a target corpus of $50 million from international investors.

Entertainment

Jun 23, 2023

Economic Ramifications of Brexit on Trade and Investment Between the UK and Germany-thumnail

Economic Ramifications of Brexit on Trade and Investment Between the UK and Germany

Ever since the United Kingdom cast its historic vote to exit the European Union on June 23, 2016, followed by its departure from the EU’s single market at the onset

Investment & Funding

Jun 22, 2023

How Poland landed a multi-billion dollar investment from Intel-thumnail

How Poland landed a multi-billion dollar investment from Intel

In order to lessen its reliance on Asia in the face of an unprecedented semiconductor scarcity, Europe is providing billions of euros in subsidies. In exchange, Intel is making significant financial commitments, and Poland chose to join the celebration since Germany had already secured a 30 billion euro investment.

Investment & Funding

Jun 22, 2023

Carlyle, an investment firm to offload its 2.53% enturestake in Delhivery-thumnail

Carlyle, an investment firm to offload its 2.53% enturestake in Delhivery

Delhivery went public with its initial public offering (IPO) in May of the previous year. However, the stock has experienced a relatively subdued performance, declining by approximately 28%. In the

Industry

Jun 22, 2023

The first opportunity fund raised by Blume Ventures closes at $25 million-thumnail

The first opportunity fund raised by Blume Ventures closes at $25 million

The new opportunity fund of early-stage venture capital company Blume Ventures has made its first closing at Rs 200 crore (about $25 million), or almost half of the total amount it aims to raise by the end of August.

Investment & Funding

Jun 22, 2023

In FY24, LTIMindtree plans to invest $40-50 million in AI capabilities-thumnail

In FY24, LTIMindtree plans to invest $40-50 million in AI capabilities

According to a senior corporate official, LTIMindtree intends to invest $40–50 million in artificial intelligence (AI) capabilities and services during the current fiscal year in order to establish a consistent revenue stream from the rapidly developing technology.

Business

Jun 22, 2023

In its first close for climate fund, Avaana Capital secured $70 million-thumnail

In its first close for climate fund, Avaana Capital secured $70 million

The first closing of the Avaana Climate and Sustainability Fund has commitments totaling $70 million, according to a statement released by the venture capital firm Avaana Capital on Wednesday.

Finance

Jun 21, 2023

Nio, a Chinese electric car company receives $738.5Mn from the Abu Dhabi government’s fund-thumnail

Nio, a Chinese electric car company receives $738.5Mn from the Abu Dhabi government’s fund

Nio the Chinese electric Vehicle company has just revealed a substantial injection of fresh capital amounting to a staggering $738.5 million.

Business

Jun 21, 2023

Government approves a semiconductor project investment from Micron of Rs 22,000 crore-thumnail

Government approves a semiconductor project investment from Micron of Rs 22,000 crore

Since Modi is due to meet with Sanjay Mehrotra, the CEO of Micron, when he is in the US, the decision is anticipated to be made public. Over 5,000 employees are anticipated to be created by the project.

Business

Jun 21, 2023


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