Innovations attract big moolah

From clean energy solutions to next-gen automotive advancements, the push for sustainability and efficiency is driving a surge in funding, making innovation a key driver of economic growth and future opportunities across industries. In the coming future, innovations will continue to attract significant investment. In this week’s AutoTech newsletter we tried to bring in an informative cluster of stories which highlights how innovations can attract big investments.

Hyundai’s hydrogen vision

Hyundai unveiled its upcoming passenger hydrogen fuel cell electric vehicle (FCEV), Initium, a concept designed for a driving range over 650 km and enhanced hydrogen storage. With a spacious interior, aerodynamic features, and a commitment to hydrogen energy, Hyundai sets the stage for a hydrogen-powered future in the automotive industry. Read the following article to find out more.

Hyundai Motor unveils new hydrogen-based EV concept


Tessolve acquires Dream Chip

Hero Electronix's subsidiary, Tessolve, has acquired Germany's Dream Chip Technologies for INR 400 crore. This strategic move strengthens Tessolve’s position in semiconductor design, particularly in AI and automotive SoCs. The acquisition expands Tessolve's European footprint, enhances its capabilities in custom chip solutions, and bolsters its global market presence. To know more, read the following article.

Tessolve acquires Dream Chip Technologies at INR 400 crore


Global innovation triumphs

At FIX 2024 in Daegu, South Korea, 33 tech companies earned global media recognition for innovations across sectors like mobility and robotics. The prestigious “Global Media Pick Top 3 Awards” honored top innovators, fostering worldwide exposure and collaboration. Local company Young Hyun Robotics celebrated its success on home turf. Here is the detailed article.

FIX 2024 hosts ‘Global Media Pick TOP3 Awards’ for 33 best innovators


Daegu's tech triumph

The four-day FIX 2024 in Daegu attracted over 133,000 visitors, spotlighting future technologies in mobility, robotics, and ABB. With international expert discussions, high-profile exhibits, and nearly $2 billion in export consultations, FIX 2024 solidified Daegu’s growing status as a hub for global tech innovation. Read the following article.

FIX 2024 showcases advanced technology innovations and opportunities worth USD 1.945 bn


DeepRoute's drive forward

Chinese tech firm DeepRoute.ai raised USD 100 million to accelerate the rollout of its autonomous driving system, aiming to outpace Tesla in China. With nearly 200,000 cars expected to adopt its technology by 2025, DeepRoute.ai targets the competitive market with affordable, map-free navigation innovations. Read the full article.

China's DeepRoute.ai raises USD 100 mln as smart driving adoption speeds up


Future fades slowly

The Long History of the Future by Nicole Kobie explores why promised advancements like flying cars and sentient AI remain elusive. Through a look at tech’s past, Kobie shows how obstacles in practicality, corporate agendas, and real-world challenges delay futuristic visions, questioning who truly shapes tomorrow’s innovations. Here is the complete report.

Cyborgs & hyperloops: The wait continues


Safety setback for BYD

BYD’s Atto 3 EV received a “not recommended” rating from Euro NCAP for its driver assistance system, citing issues with monitoring and critical collision avoidance. This setback challenges BYD’s expansion in Europe, where safety ratings heavily influence consumer choices and competition from European automakers is fierce. Read the following article.

European car safety agency snubs BYD's Atto 3 driver assistance system


Factory floors revolutionised

Maini Group, a leader in electric vehicles in India, is transforming industrial logistics by introducing AI-powered autonomous technology to material-handling vehicles through a partnership with SiMa.ai. Their Virya Autonomous Technologies aims to streamline factory operations, with plans to roll out intelligent, efficient mobility solutions by April 2025. Here is the complete article.

India's EV pioneer Maini Group ventures into autonomous tech with SiMa.ai partnership


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