Apex Launches Large-Scale Spacecraft Factory
We start our journey beyond the Earth's atmosphere, where the Washington-based startup, Apex, has raised $16 million to build Factory One, its first large-scale spacecraft factory in Los Angeles. The company plans to ramp up production from five satellites in 2024 to a hundred by 2026.
Ford's Big Leap Towards EV Dominance
Back on Earth, Ford Motor Company has made a significant stride in the electric vehicle (EV) sector by securing a record-breaking $9.2 billion loan from the US Department of Energy's Loan Program Office. The loan will be used to develop three EV battery manufacturing plants in the US, marking a huge leap forward in localizing EV production.
India - The Next Investment Hotspot
In the realm of international investment, India is catching the eye of global investors. Billionaire investor Ray Dalio, Tesla CEO Elon Musk, and legendary investor Mark Mobius have all shown interest in India's potential for massive growth, likening its position to that of China in the early '80s.
Israel Paves the Way in Food Tech
Next up, we delve into the food tech industry, where the Israel Innovation Authority has invested a whopping US$13.8 million in YDLabs, a leading food tech fermentation R&D center. The focus on fermentation technology aligns with the surge in the field of alternative proteins, making Israel a possible global leader in this sector.
Ghost Kitchens - Fading Trend or Future of Food Industry?
Ghost kitchens, virtual kitchens created for delivery services, which once thrived during the pandemic, seem to be facing challenges as people return to in-person dining. However, they still present an affordable option for launching a new food business and are likely to evolve to fit into the post-pandemic world.
Expanding Pediatric Care with PM Pediatric Care
In healthcare, PM Pediatric Care has secured $50 million in Series E financing. The funding will be used to expand their business lines like primary care, behavioral health, and move into value-based care.
