Page 27 - Shell Ventures News Today

2 Min Read SAN FRANCISCO (Reuters) - Sense Photonics has developed new detection technology that hits a key milestone required for self-driving cars, the laser sensor company said on Friday. The company led by automotive industry veteran and former Google executive Shauna McIntyre is developing a lidar sensor that uses laser light to help autonomous vehicles gain a three-dimensional view of the road. Sense told Reuters its new technology can sense objects from 200 meters, or about 650 feet. Ind...

December 30, 2020 Almost exactly 12 long, long months ago, I pontificated about the "roaring" decade to come for artificial intelligence. While 2020 was completely bonkers for so many reasons, all five areas where I predicted AI would have the most demonstrable impact — energy management ($8 billion in spending from 2020 to 2024), improving soil conditions ($360 million more for Indigo Ag), modeling climate risks (Microsoft’s "Planetary Computer," anyone?), protecting biodiversity and boost...

ZeroAvia Secures $21.4M in Series A and $16.3M in Grant Funding ZeroAvia, a London, UK- and California-based leader in zero-emission aviation, raised $21.4M in Series A venture capital funding and $16.3M in grant funding. The $21.4m in Series A round was led by Breakthrough Energy Ventures and Ecosystem Integrity Fund, with follow-on investors Amazon Climate Pledge Fund, Horizons Ventures, Shell Ventures, and Summa Equity participating. In addition, the company established a partner...

By Dominic Perry2020-12-17T11:10:00+00:00 Hydrogen powertrain developer ZeroAvia has secured an additional $37.7 million in investment – including backing from funds created by Bill Gates and Jeff Bezos, alongside a commitment from the UK government. As part of its Series A funding round, California-based ZeroAvia has raised $21.4 million, led by Breakthrough Energy Ventures – a company founded by Gates – and Ecosystem Integrity Fund. Additional contributions were made by Amazon Climate...

SHARE ZeroAvia, a start-up that is using a hydrogen-electric system to power aircraft, raised $21.4 million in an early stage funding round from investors including Amazon, which will help boost the next phase of its research and development. The fundraising was led by Bill Gates-backed Breakthrough Energy Ventures and California-based sustainability-focused venture capital Ecosystem Integrity Fund, the company said in a statement. Other investors also include Horizons Ventures, Shell Ventures ...

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Zero-carbon aviation startup ZeroAvia has raised $37.7 million from a host of backers including Bill Gates’ Breakthrough Energy Ventures, Amazon Climate Pledge Fund and Shell Ventures. Series A funding was led by Breakthrough Energy Ventures and Ecosystem Integrity Fund, with Amazon, Shell, Summa Equity and Horizons Ventures following on. The funds will be used for the ongoing development of its ZA-600 hydrogen fuel cell powertrain, which converts hydrogen into electricity to power a motor t...

ZeroAvia secures backing for hydrogen-electric 19-seater 16th December 2020 12:08 Europe/London ZeroAvia’s electric powertrain using a hydrogen fuel cell to generate electricity took giant steps forward this week with a series of investment and collaboration announcements. Announcement 1 was partnering with British Airways which “will see ZeroAvia embedded in the heart of the airline,” said BA. “The team will work remotely alongside mentors and experts to explore the transformational po...

ZeroAvia raises more cash for zero-emission hydrogen plane plan 12/16/2020 LONDON, Dec 16 (Reuters) - Hydrogen plane startup ZeroAvia said on Wednesday it had secured $37.7 million in new cash via a funding round led by Bill Gates Breakthrough Energy Ventures and from the British government to support its bid to develop zero-emission aircraft. Backers for California-based startup, which has completed 10 test flights with a six-seater propeller plane powered by hydrogen, now include Amazon and e...

* Startup has flown 10 hydrogen plane test flights * California-based firm raised $34.4 million so far * Firm plans to move from propeller planes to jets (Adds new funding from British government) LONDON, Dec 16 (Reuters) - Hydrogen plane startup ZeroAvia said on Wednesday it had secured $37.7 million in new cash via a funding round led by Bill Gates’ Breakthrough Energy Ventures and from the British government to support its bid to develop zero-emission aircraft. Backers for California-based...