This week s announcement from EV startup Fisker it had inked a deal with Taiwan s Hon Hai Technology Group, better known as consumer electronics contract manufacturer Foxconn, to co-develop and build a breakthrough new segment vehicle  reflects a new approach from EV startups - contract rather than in-house build.
Get full access to all content,
just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now thereâs just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
2021/02/25 22:00
SINGAPORE - Media OutReach - 25 February 2021 - UK-based neuromuscular medical device company, GyroGear Ltd has just concluded phase one of its seed round fundraise. This round was led by Foxconn Technology Group, the world s largest and foremost electronics manufacturer. Foxconn has invested £1 million (US$1.41 million) upfront. Participants in GyroGear s seed round include the UK Government Future Fund, Singapore venture builder Fidelium Group, and other established strategic investors and business leaders. Phase two of the seed round is ongoing and scheduled for completion in March 2021.
Chairman Young-way Liu (right) and Dr Faii Ong (left) at Foxconn Technology Group, Taipei.
GyroGear is developing a wearable to help individuals with hand tremors. The wearable reduces tremors, so they may perform their day-to-day activities. This also brings relief to caregivers and family members.
(2)
DJ Medtech Startup GyroGear raises USUSD4.3m in Phase One of Seed Round led by Taiwan Manufacturing Giant Foxconn
GyroGear Ltd.
Medtech Startup GyroGear raises USUSD4.3m in Phase One of Seed Round led by Taiwan Manufacturing Giant Foxconn
25-Feb-2021 / 15:25 GMT/BST
=
Medtech Startup GyroGear raises USUSD4.3m in Phase One of Seed Round
led by Taiwan Manufacturing Giant Foxconn
SINGAPORE - Media OutReach - 25 February 2021 - UK-based neuromuscular medical device company, GyroGear Ltd has just
concluded phase one of its seed round fundraise. This round was led by Foxconn Technology Group, the world s largest
and foremost electronics manufacturer. Foxconn has invested GBP1 million (USUSD1.41 million) upfront. Participants in
Amazon partners Mahindra for EVs
Amazon India said the government’s push for adopting EVs with awareness campaigns such as ‘Go Electric’ and steps towards setting up charging infrastructure with the FAME 2 policy has helped the company accelerate and chart its vision for EVs in India. Photo Pradeep Gaur/Mint
2 min read
Share Via
Read Full Story
Amazon.com Inc.’s India unit agreed to order more electric vehicles (EVs) from Mahindra Electric as part of a plan to boost its local eco-friendly delivery fleet to 10,000 by 2025 and deliver on founder Jeff Bezos’ pledge to eliminate carbon emissions by 2040.
The e-commerce giant said in a statement that it has already deployed Mahindra’s Treo Zor electric three-wheelers in seven cities, including Bengaluru, New Delhi, Hyderabad and Ahmedabad. Amazon is likely to source more such vehicles from other manufacturers in India.