Category: Venture

Flying Car by California Startup Alef Attracts Early Tesla Investor

October 20, 2022
Business & MarketscapitalistcarflyingMarketsVenturewings
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The concept of a flying car is not new—inventors have been trying to add wings to wheeled motor vehicles for decades, with only limited success. Jim Dukhovny, founder of Alef Aeronautics, hopes to change that equation. His California-based firm has come up with a novel approach to moving terrestrial vehicles into the skies and has…

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IonQ, Hyundai Motor Join Forces to Create Better Quality Batteries

January 19, 2022
batteriesBusiness & EconomyCompaniesHyundaiIonQJoinVenture
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IonQ Inc. collaborated with Hyundai Motor Co. to use quantum computers to develop efficient batteries. The partnership pairs IonQ’s expertise in quantum computing and Hyundai’s expertise in lithium batteries. Together, the teams are creating the most advanced battery chemistry model. “This creative collaboration with IonQ is expected to provide innovation in the development of basic materials…

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HSBC Gets Approval to Buy out China Life Insurance Joint Venture

December 31, 2021
Business & EconomyChinaChina Business & EconomyCompaniesHSBClife insuranceVenture
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LONDON—HSBC said on Thursday it had received regulatory approval in China to take full ownership of its life insurance joint venture in the country, as it continues to expand its non-core banking services. HSBC has got clearance from the Shanghai office of the China Banking and Insurance Regulatory Commission to buy the remaining 50 percent…

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Israeli Lunar Landing Venture Says It Secures $70 Million for 2024 Launch

July 12, 2021
IsraelilandinglaunchlunarMiddle EastScienceSpaceVentureWorld
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JERUSALEM—An Israeli space group is on course to make its second attempt at an unmanned lunar landing in 2024 after securing $70 million in private funding for the mission. The SpaceIL organisation said on Sunday that Patrick Drahi, a Franco-Israeli billionaire and controlling shareholder of Altice Europe, would donate the funds along with SpaceIL chairman…

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