Mobility firm Plentywaka secures $1.2Mn funding; acquires Stabus Ghana
Plentywaka, a mobility startup based in Lagos and Toronto, has reportedly raised $1.2 million in a seed round to expand its operation after exiting Techstars Toronto accelerator program last month. T....
London-based Paysafe signs deal to acquire fintech firm viafintech
Paysafe, a multinational online payments company based in London, has reportedly plans to acquire Germany-based fintech firm, viafintech. Sources claim that the acquisition of viafintech will help Pa....
Maersk signs deal to secure green e-methanol for container vessel
The green fuel will be used to power Maersk’s first carbon-neutral container vessel by mid-2023 Maersk, a Danish unified shipping company active in inland freight transportation & ocean and....
Hyundai & Kia launch mobility service for elderly & disabled in the US
Hyundai Motor Co. and its affiliate Kia Corp. have launched a new mobility service called EnableLA in the United States for disabled and older people. EnableLA is a wheelchair-accessible vehicle (WAV)....
Northern Ireland’s Wrightbus plans to hire 300 permanent employees
Northern Ireland-based bus manufacturer, Wrightbus is set to hire around 300 full-time employees as the company nabs new orders from Britain and Ireland. It also seeks to change 120 existing temporary....
Avanti recalls frozen shrimp from major outlets over salmonella concerns
Avanti Frozen Foods is recalling some shrimp products from multiple stores including Whole Foods, Kroger, Albertsons for possible salmonella contamination. As per the recall notice on the Food and Dr....
Photocure gets regulatory marketing approval for Hexvix in Chile
Photocure ASA, a Norwegian specialty pharma firm that develops and sells pharmaceuticals and medical devices based on proprietary photodynamic technology, has announced that its cancer drug Hexvix®....
Saudi-based Red Sea Farms secures $16Mn in Series A funding round
Red Sea Farms, a Saudi Arabian AgTech company developing technology that allows commercial growth of crops using only saltwater and sunlight, has completed its latest Series A investment round, succes....
Core Industrial Partners takes over CGI Automated Manufacturing
CORE Industrial Partners LLC, a Chicago-based private equity firm providing capital & operational expertise to manufacturing and industrial businesses, has successfully acquired CGI Automated Manu....
Lenskart to hire over 2,000 employees to meet expansion goal by 2022
Lenskart- an Indian optician prescription eyewear retail chain, has announced plans to recruit over 2,000 people by 2022 as it focuses on expanding its business reach in India as well as overseas. Ac....
Lockheed Martin’s LINUSS Cubesats to service satellites in orbit
Lockheed Martin- a U.S.-based aerospace company has reportedly announced plans to launch two CubeSats during the latter half of 2021 in a bid to showcase how small satellites can be used to service ot....
Mercedes-Benz, DSEU partner to offer automotive mechatronics course
The program will tutor students to cater to innovative industry demands. Over 660 students have pursued the course since its inception. Luxury carmaker Mercedes-Benz India has reportedly signed a....