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Tag: Plexxikon

Plexxikon leases 55,602 square feet of office/lab space in South San Francisco California.

Plexxikon leases 55,602 square feet of office/lab space in South San Francisco California.

February 26, 2021 Craig Etkin

South San Francisco, CA: Rico Cheung at Kidder Mathews represented Plexxikon in a lease for 55,602 square feet of office and laboratory space. The company is moving 65 employees to the new location to 329…

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Rivian Automotive announced today it has received an $827M incentive package from the State of Illinois Department of Commerce & Economic Opportunity, which will allow the company to expand operations at its plant in Normal, IL. The funds from the incentive package will go towards expansion of the plant, improvements in public infrastructure and job training programs for Rivian’s workforce, leading up to the company’s production of its midsized SUV, R2. Rivian will be participating in several city improvement projects to demonstrate its ongoing commitment to investing in the Illinois economy and community. “We are grateful for this investment from the State of Illinois and for the leadership of Governor Pritzker, President Harmon, and Speaker Welch,” said RJ Scaringe, Rivian Founder and Chief Executive Officer. “The support from the state will allow us to quickly bring our midsize SUV, R2, to market and provide even greater consumer choice for EVs. Governor Pritzker has always been a strong advocate for providing economic opportunities for Illinois residents and business owners alike. We look forward to continuing our close partnership and building upon the success we have enjoyed.”

Rivian is an American automotive manufacturer that develops and builds category-defining electric vehicles and accessories. The company creates innovative and technologically advanced products that are designed to excel at work and play with the goal of accelerating the global transition to zero-emission transportation and energy. Rivian vehicles are built in the United States and are sold directly to consumer and commercial customers. The company provides a full suite of services that address the entire lifecycle of the vehicle and stay true to its mission to keep the world adventurous forever. Whether taking families on new adventures or electrifying fleets at scale, Rivian vehicles all share a common goal — preserving the natural world for generations to come.

Source: https://www.intelligence360.io/ and https://intelligence360.news/

EnviroSpark Energy Solutions announced it has secured a $50 million investment by funds advised by Basalt Infrastructure Partners, a leading mid-market infrastructure equity investment firm focusing on investments in Europe and North America. This investment will fuel EnviroSpark’s mission to revolutionize the EV charging landscape, enabling the Company to rapidly expand its owned and operated network across the US, innovate its cutting-edge technologies and further enhance the accessibility and sustainability of EV infrastructure. Building upon the momentum of its $15M funding round led by Ultra Capital in 2022, Georgia-based EnviroSpark has established itself as a key player in the EV charging market. With a broad footprint of over 8,200 charging plugs across North America, the Company is well-positioned to further advance the adoption of electric mobility.

In a statement, EnviroSpark co-founder and CEO, Aaron Luque said “Securing this substantial funding milestone marks a pivotal moment for EnviroSpark,” “With strategic support from Basalt, we are poised to accelerate our mission of fostering sustainable transportation solutions. This investment not only fuels our expansion efforts but also reinforces our commitment to making electric mobility accessible and convenient for all.” Founded in Atlanta GA by Aaron and Stephanie Luque in 2014, EnviroSpark is an industry leader in the turnkey design, installation and operation of EV charging solutions. The company was founded with two missions: to raise awareness around the benefits of electric vehicles and to build a more robust EV charging infrastructure. Responsible for more than 8,200 installations of charging plugs across North America to date, EnviroSpark addresses the pain points of property owners and drivers by enhancing EV accessibility in customer-friendly ways.

Source: https://www.intelligence360.io/ and https://intelligence360.news/

AiDash, today announced the official closing of its Series C funding round at $58.5 million. The company’s Series C round, initially at $50 million, was oversubscribed and drew in additional investors, including leading private equity firm Lightsmith Group, and Japanese conglomerate, Marubeni Corporation. This brings the company’s total funding raised to date to $91.5 million. In a statement AiDash Co-founder and CEO Abhishek Singh said, “We are humbled by the incredible interest from global investors and partners in our company’s mission and our satellite-first products that will help critical infrastructure industries around the world become more sustainable and climate-resilient.” “As we prepare for the next 100 years, it is more important than ever to ensure that we have reliable and sustainable infrastructure, and the ability to better predict, prepare, and manage the impact of climate-related events.”

AiDash is making critical infrastructure industries climate-resilient and sustainable with satellites and AI. Using our full-stack SaaS solutions, customers in electric, gas, and water utilities, transportation, and construction are transforming asset inspection and maintenance – and complying with biodiversity net gain mandates and carbon capture goals. Our customers deliver ROI in their first year of deployment with reduced costs, improved reliability, and achieved sustainability goals.

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