US-based nutritional company Oats Overnight has secured more than $20 million in a Series A funding round. Oats Overnight plans to use the proceeds from the round to increase its retail channel and bring customers directly into the product development process. The company will also use the capital to construct a new 85,000 sq ft […]
Indian conglomerate Essar Group has launched a new entity called Essar Energy Transition (EET) to accelerate the energy transition in the UK and India. Essar Energy Transition (EET) is anticipated to spend $3.6 billion on developing an array of low carbon energy transition projects in the next five years. Of this, the company will invest […]
DigitalReef, a mobile and connected TV operator, has merged with Gamers Club, a Latin American gaming community hub, to create a next-gen gaming distribution and engagement platform. The combined entity, dubbed Siprocal, is anticipated to drive gaming distribution, engagement, and monetization all over the Americas, disrupting the estimated $360 billion gaming and digital media market. […]
Car manufacturer Mercedes-Benz has broken ground on its new battery recycling facility in Kuppenheim, Germany to strengthen the site and accelerate the company’s sustainable business strategy “Electric Only”. The exact investment details of the battery recycling project were not disclosed. The hydrometallurgy pilot plant is being built in phases and anticipates to minimize resource consumption […]
MineHub Technologies, a Canadian metals logistics platform, has agreed to acquire Waybridge Technologies with an aim to create a robust digital platform for commodity supply chains, especially in the copper industry. Under the agreement, MineHub Technologies will pay estimated consideration of $2.5 million in the form of its shares for the purchase of the assets. […]
Xperience Restaurant Group, a casual and fine dining operator, has acquired Texas-based Rio Mambo Tex Mex y Mas and THE RIM scratch craft eats from RM Restaurant Group, expanding into the Lone Star state. The financial terms of the transaction were not disclosed. With the acquisition, Xperience Restaurant Group anticipates to add six restaurant locations […]
Norwegian state-owned multinational energy company Equinor through its subsidiary Equinor UK will acquire the UK assets of Canada’s Suncor Energy for $850 million, to optimize its oil and gas portfolio and increase its presence in the UK market. With proposed transaction, Equinor will add around 15,000 barrels of oil equivalent a day in equity share […]
Edge-to-cloud company Hewlett Packard Enterprise (HPE) will acquire Axis Security, an Israel-based cloud security provider, to expand its edge-to-cloud security capabilities. The financial terms of the transaction were not disclosed. With the proposed acquisition, Hewlett Packard Enterprise anticipates to offer a unified Secure Access Services Edge (SASE) solution to meet the increasing demand for integrated […]
SpotDraft, an AI-powered contract lifecycle management (CLM) solution provider, has closed its Series A funding round, raising $26 million. The company anticipates to use the proceeds from the round for further development of AI-powered legal software and for scaling the business in North America. Led by Premji Invest, the round also saw participation from Arkam […]
Saudi renewable energy developer ACWA Power has collaborated with the Republic of Kazakhstan’s Ministry of Energy and Samruk-Kazyna to build a 1GW wind energy and battery storage project in line with the Central Asian country’s 2050 Strategy. The partnership marks ACWA Power’s market entry into Kazakhstan and represents the biggest Saudi investment in Kazakhstan’s power […]