article thumbnail

Pangyo Techno Valley: Pioneering Global Urban Air Mobility Solutions

AsiaTechDaily

The 2nd Pangyo Techno Valley inaugurated its Business Growth Center with the vision to cultivate nascent drone developers. Despite its location near Seoul Airport, making flight testing challenging, Seongnam City and nearby local authorities are helping drone developers overcome this obstacle. trillion in 2040.

article thumbnail

Malaysia’s Mosti Prioritizes Tech Innovation and Startup Ecosystem in its Annual Budget

AsiaTechDaily

million electric vehicles (EVs) on Malaysian roads by 2040. Another significant focus is STEM education, where we aim to instill STEM education,” he added. The forthcoming Budget 2024, scheduled for presentation in Parliament on October 13, holds several critical priorities for Malaysia.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Japan’s Terra Drone lands $70M Series B funding to accelerate global expansion 

TechCrunch

“Our airspace is going to get more crowded than ever, but most companies today are concentrating only on hardware development,” said Terra Drone CEO and founder Toru Tokushige , who is also serving as the CEO of Terra Motors, which develops electric vehicles. trillion by 2040, according to Terra’s IR deck. .

article thumbnail

ZeroAvia’s hydrogen-powered vision for aviation nets $21.4 million from Amazon, Shell and Bill Gates-backed fund

TechCrunch

ZeroAvia is now developing and testing the certification-ready ZA-600 powertrain, which can fly a 10 to 20-seat aircraft up to 500 miles, the company said. For corporate investors like Amazon that have committed to decarbonize by 2040, the innovations and industry adoption can’t happen quickly enough.

article thumbnail

TechCrunch: Where top VCs are investing in construction robotics

Dream It

Travis Connors, Building Ventures At Building Ventures, we see enormous opportunities developing for the use of robotics in construction over the next 20 years. Robotics and automation are not only important, but they are also likely the only way to address the challenge of delivering the built environment we need by 2040.

article thumbnail

Decentralizing the Electric Grid

Andreessen Horowitz

Currently, we face a critical challenge: our electricity demands — expected to nearly double by 2040 due to factors like AI compute, reshoring , and “electrification” — are soaring, but our grid infrastructure and operations struggle to keep pace. There are proposed reforms to help alleviate this development backlog.

energy 140
article thumbnail

Sydney-based quantum sensing startup Q-CTRL raises $25M Series B led by Airbus Ventures

TechCrunch

It also will continue to invest in developing its quantum control for quantum computing and quantum sensing for acceleration, gravity and magnetic fields, Biercuk added. The Series B financing event comes on the heels of major technical and product development recently announced by Q-CTRL.