Eying sustainability gains for its supply chain, BMW backs Boston Metal’s CO2-free iron production tech
BMW has joined the cohort of investors that are backing Boston Metal’s carbon dioxide-free production technology for steel.
The Boston-based startup had targeted a $50 million raise earlier in the year, as TechCrunch reported, and BMW’s addition closes out that round, according to a person familiar with the company.
Through a commitment from BMW iVentures, the automaker’s investment arm, Boston Metal will have an in to a company with massive demands for more sustainably manufactured metal. For instance, BMW Group press plants in Europe process more than half a million tonnes of steel per year, the company said.
IonQ to go public via SPAC deal, becomes quantum computing pure play zdnet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zdnet.com Daily Mail and Mail on Sunday newspapers.
Former Iron Man Actor Robert Downey Jr. and Microsoft CEO Bill Gates believe that electric motors also needs power saving capabilities, and Turntide Techinologies has it!
Firms backed by Robert Downey Jr and Bill Gates have funded an electric motor company that slashes energy consumption – TechCrunch techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.