The Renault-Nissan-Mitsubishi automotive alliance has launched a venture capital fund to invest up to $1bn in the next five years. The new entity will act as main interface for start-ups, investors and the venture capital ecosystem to ...
Tags: automotive, Nissan
Byton is set to showcase its intelligent electric vehicle at the upcoming International Consumer Electronics Show (CES) in Las Vegas, on 7 January 2018. The vehicle features new design and innovative human-vehicle interaction that ...
Tags: electric vehicle, CES 2018
Turkey-based Polinas Plastik Sanayii ve Ticareti has acquired flexible packaging solutions producer Propak. Polinas, which is owned by Ulker Group, has acquired Propak from Southeast Europe Equity Fund II (SEEF II) for an undisclosed sum. ...
Tags: Polinas, Flexible Packaging
Beyond Meat has closed a new financing round led by Cleveland Avenue, a venture capital firm founded by Don Thompson, former CEO of McDonald’s Corporation. “We see Beyond Meat as a strategic and compelling consumer-focused ...
Tags: Tyson Foods, Beyond Meat
Guardian Optical Technologies announced the launch of breakthrough, patent-pending sensor technology for automobile manufacturers, supported by $5.1m in Series A funding from Maniv Mobility and Mirai Creation Fund. The company will use ...
Tags: automobile, Guardian Optical
Oncap has acquired US-based IntraPac International from funds managed by CI Capital Partners for an undisclosed sum. Based in Mooresville, North Carolina, IntraPac designs and produces specialty rigid packaging solutions such as including ...
Tags: personal care, household products
Ride-hailing company Lyft has secured approval to start trial of its self-driving vehicles in the US state of California. The approval allows Lyft to join the likes of companies such as Google’s Waymo, Uber, Apple, Ford and ...
Tags: Self-Driving Cars, Apple
Singapore-based Jardine Cycle and Carriage (JC&C) has agreed to acquire 5.53% stake in Vietnam Dairy Products Joint Stock Company (Vinamilk) for $616.6m through its subsidiary Platinum Victory. The stake has been purchased via an auction ...
Tags: Jardine Cycle, Milk
More than 150 organizations globally endorsed a new statement that proposes to ban oxo-degradable plastic packaging worldwide. The organisations supporting the initiative include M&S, PepsiCo, Unilever, Veolia, British Plastics Federation ...
Tags: Plastic Packaging, Packaging
MACOM Technology Solutions Holdings Inc of Lowell, MA, USA (which makes semiconductors, components and subassemblies for analog RF, microwave, millimeter-wave and photonic applications) has agreed to sell the Compute business – which ...
Tags: semiconductors, components
Hilton Foods has agreed to acquire chilled UK fish processor Icelandic Group UK (Seachill) for cash consideration of £80.8m. The Company also announces its intention to conduct a non-pre-emptive underwritten cash placing to raise ...
Tags: Hilton Foods, Fish Processor
CapitalG, a growth investment fund under Alphabet has led $1bn round of investment in ride-hailing company Lyft. With this investment, Lyft’s valuation has gone up to $11bn. CapitalG’s partner David Lawee will be joining ...
Tags: CapitalG, Rival Lyft
The Ireland Government said it will spend €8.8m to establish a new food innovation hub, aimed to help the country’s food industry deal as it prepares for Brexit. Ireland’s Department of Agriculture, Food and the Marine ...
For more than a decade, ICTI Care has worked with the global toy industry to ensure that toys are manufactured responsibly and ethically, protecting the rights and well-being of millions of toy factory workers. ICTI Care and the Toy ...
Tags: Toy, toy industry
Chocolate and confectionery giant Ferrero’s Canada unit will be financially supported by the Ontario government in its C$90m ($72.31m) expansion project that is aimed at boosting productivity of an existing plant. The provincial ...