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EVR Motors signs fourth commercial agreement in India and establishes Indian manufacturing facility

Green Car Congress

Israel-based EVR Motors has signed an agreement with RSB Group, one of India’s Tier-1 automotive suppliers. As a result, EVR’s electric motors, are expected to be supplied to vehicle manufacturers in multiple categories from the second half of 2023. The company has appointed Sajal Kishore as managing director of EVR India.

India 259
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3D electrode company Addionics closes $27M Series A

Green Car Congress

Additional investments include strategic and financial support from Novelis, Magna International, JX Nippon Mining & Metals, Union Tech Ventures, 8090 Partners, GiTV, Talcar Corporation, Bridges Israel impact investment fund, Doral Energy Tech Ventures (Doral Energy CVC), and Dr. David Deak.

Companies 195
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COP26 declaration on accelerating the transition to 100% zero emission cars and vans

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The declaration is not legally binding and is focused on a global level. Signatories by category: Governments: Austria; Azerbaijan; Cambodia; Canada; Cape Verde; Chile; Croatia; Cyprus; Denmark; El Salvador; Finland; Iceland; Ireland; Israel; Lithuania; Luxembourg; Netherlands; New Zealand; Norway; Poland; Slovenia; Sweden; United Kingdom.

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Karamba Security raises $10M in new funding; round led by VinFast

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Israel-based Karamba Security , a leading developer of endpoint protection for connected devices, has secured $10 million in new funding in an extension to its B Round financing. Karamba Security provides cybersecurity solutions that secure a device’s entire lifecycle without interference of R&D or supply chain processes.

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Daimler first automotive company to test UBQ’s climate-positive thermoplastic material in auto parts

Green Car Congress

Daimler is also promoting the use of UBQ across its logistics manufacturers to offset carbon footprint throughout the Daimler supply chain. Daimler chose to partner with UBQ through Plug and Play’s Startup Autobahn, an innovation platform that connects emerging technologies to pilot opportunities with multinational corporations.

Climate 195
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Electric bus market and trends 

Electric Vehicles India

The global electric bus market number has increased to 544 thousand units in 2028 which exhibits a CAGR of 11.58% during the forecast period. The global electric bus market size is projected to reach 704 thousand units by 2027 from 81 thousand units in 2021, at a CAGR of 43.1%. It has attracted global investors as well.

Market 98
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Foretellix closes $32M Series B round; testing and verification of automated driving systems

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The round was led by MoreTech Ventures, with participation from several strategic investors, including Volvo Group Venture Capital, Nationwide, NI and Japan-Israel High Tech Ventures. Foretellix is now commercially engaged with dozens of the largest names in the automotive industry, including Volvo Group and DENSO Corporation.

Volvo 186