By Reuters Staff
(Adds details from the release, background)
April 19 (Reuters) - SES said on Monday it had raised $139 million in a funding round led by General Motors, as the lithium metal battery startup benefits from rising demand for electric vehicles.
GM last month announced a partnership with SES to boost its battery development, allowing for higher electric vehicle driving range in a smaller package - a key goal for automakers as they push to roll out electric vehicles. (reut.rs/2P3UDn6)
“GM has been rapidly driving down battery cell costs and improving energy density, and our work with SES technology has incredible potential to deliver even better EV performance for customers who want more range at a lower cost,” GM executive vice president Matt Tsien said in a statement.
By Reuters Staff
2 Min Read
MOSCOW (Reuters) - Russia launched its space satellite Arktika-M on Sunday on a mission to monitor the climate and environment in the Arctic amid a push by the Kremlin to expand the country’s activities in the region.
The Arctic has warmed more than twice as fast as the global average over the last three decades and Moscow is seeking to develop the energy-rich region, investing in the Northern Sea Route for shipping across its long northern flank as ice melts.
The satellite successfully reached its intended orbit after being launched from Kazakhstan’s Baikonur cosmodrome by a Soyuz rocket, Dmitry Rogozin, the head of Russia’s Roscosmos space agency, said in a post on Twitter.
2 Min Read
DUBAI (Reuters) - Al Yah Satellite Communications Company (Yahsat) has held the kick-off meeting with banks for a potential initial public offering, two sources familiar with the matter told Reuters.
Yahsat, backed by Abu Dhabi state fund Mubadala Investment Co, has five satellites that serve more than 150 countries, information on its website shows. It also owns United Arab Emirates satellite phone operator Thuraya.
Mubadala said in an email it does not comment on speculation and that in line with potential market opportunities, the fund may “choose to monetise certain assets at the right time”.
Yahsat did not immediately respond to a request for comment.