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News on Medial
ABB invests $280 million in new robotics factory in Sweden
Economic Times
·
1y ago
Medial
Swiss engineering and technology group ABB is investing $280 million in a new robotics factory in Sweden to meet increasing demand from customers relocating production closer to home markets. The factory, set to open in 2026, will have 50% more capacity than the old site and employ 1,300 people. ABB CEO Bjorn Rosengren cited customer demand and market growth as drivers. The European robotics and automation market is expected to grow at 7% annually from 2023 to 2027. ABB competes with companies like Fanuc Corp and Kuka and supplies robots to BMW, Scania, and Volkswagen, among others.
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Samsung invests $1.8 billion more in Vietnam for OLED manufacturing plant
Economic Times
·
11m ago
Medial
Samsung Display Co, a South Korean electronic manufacturer, plans to invest $1.8 billion in a new factory in northern Vietnam. The facility will produce OLED displays for automobiles and technology equipment. Located in Yen Phong industrial park, the factory will be situated close to an existing Samsung electronics plant. This investment will raise Samsung's total investment in Bac Ninh to $8.3 billion. Vietnam has become a popular production hub for electronics companies, and Samsung has already established multiple manufacturing plants and invested $22.4 billion in the country.
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How Indian robotics startups are applying automation to real-world problems
YourStory
·
12d ago
Medial
Indian robotics startups are making significant strides in transforming automation across various sectors like healthcare, manufacturing, and customer service by solving real-world problems. Notable startups include CynLr, which enhances robotic vision for industrial applications, and Haber, which automates factory tasks to conserve resources. iHub Robotics focuses on humanoid robots for diverse service industries, while Ethereal Machines specializes in precision engineering. Invento Robotics develops customer interaction solutions, notably with its humanoid robot, Mitra, showcasing the practical implementation of AI-driven robotics in India.
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Jabil invests $125 mn in Gujarat for silicon photonics unit
Inshorts
·
5m ago
Medial
Apple vendor Jabil plans to establish a silicon photonics manufacturing factory in Gujarat with an investment of around $125 million. As per news agency PTI, the electronics manufacturing company signed a memorandum of understanding (MoU) with the Gujarat government for setting up the plant during the IESA Vision Summit in the state capital Gandhinagar.
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GoodEnough Energy invests ₹450 crore in BESS gigafactory in J&K
Thehindubusinessline
·
1y ago
Medial
Indian energy company GoodEnough Energy has announced plans to establish a Battery Energy Storage Systems (BESS) gigafactory in Jammu and Kashmir. Initially, the facility will have a capacity of 7 gigawatt hours (GWh), increasing to 20 GWh by 2026. The factory will produce advanced BES systems, aimed at assisting high CO2 emission industries in achieving their green targets. The company has committed to investing over INR 450 crore ($60.28 million) in the gigafactory, which is expected to reduce over 5 million tonnes of CO2 emissions annually once at full capacity.
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Elon Musk's Battle with Swedish Unions Is Now Impacting Tesla's Charging Stations
Gizmodo
·
1y ago
Medial
Tesla's ongoing dispute with labor unions in Sweden has escalated, with the addition of another union taking action against the car manufacturer. The Swedish Union for Service and Communications Employees (Seko) has announced a "sympathy" action in support of the Swedish union IF Metall's fight against Tesla's refusal to ratify a collective bargaining agreement. Seko's action could potentially halt the operations of Tesla charging stations in Sweden, including the launch of new Tesla Superchargers. This comes as various unions across Sweden and Europe have joined together to defend labor rights against Tesla's anti-union policies.
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Sanjay Dutt invests in alcohol startup Cartel & Bros
Inshorts
·
2y ago
Medial
Sanjay Dutt, the actor, has made an undisclosed investment in a liquor startup called Cartel & Bros. The startup's objective is to import and distribute various liquor brands in India and has secured a factory lease in Scotland. Dutt mentioned his investment preference for businesses that serve the general public, highlighting his decision to support Cartel & Bros.
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Mercedes is trialing humanoid robots for ‘low skill, repetitive’ tasks
The Verge
·
1y ago
Medial
Mercedes-Benz is partnering with robotics company Apptronik to trial the use of humanoid robots for automating low skill, physically demanding tasks, such as inspecting and delivering components in manufacturing. The collaboration aims to explore the potential of robotics to address labor shortages and automate tasks without the need to redesign existing facilities. Mercedes has already started testing Apptronik's Apollo robots at a factory in Hungary, where labor supply has been a concern. The goal is to free up highly skilled workers for more valuable work while automating repetitive and physically demanding tasks.
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Hugging Face says its new robotics model is so efficient it can run on a MacBook | TechCrunch
TechCrunch
·
2m ago
Medial
Hugging Face has launched SmolVLA, a new lightweight AI model for robotics, aimed at democratizing access to vision-language-action models for both virtual and real-world applications. With 450 million parameters, SmolVLA is efficient enough to run on consumer hardware, such as a MacBook. Part of a broader initiative to create cost-effective robotics solutions, SmolVLA allows for separate processing of actions and sensory inputs, enhancing responsiveness. It builds on Hugging Face's expanding robotics ecosystem, including their acquisition of Pollen Robotics.
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Zee invests in Flutrr; Datazip, three others pocket early-stage cheques
VCCircle
·
10m ago
Medial
- Zee Akaash News Pvt. Ltd is investing Rs 3.75 crore in Flutrr Digimate Pvt. Ltd, a vernacular social media website and mobile app. - AI startup Wokelo has secured $4 million in seed funding from Array Ventures and KPMG Ventures. The funding will support the development of its technology that streamlines due diligence. - Data engineering startup Datazip raised $1 million in seed funding from Equirus Innovatex Fund. Their platform offers data ingestion, storage, transformation, and visualization solutions. - Social Hardware, a startup specializing in assistive devices and field robotics, raised Rs 3.2 crore in a seed round led by Inflection Point Ventures. - Onlygood.ai, a platform simplifying carbon management and sustainability reporting, raised Rs 4 crore in a seed funding round from IITMIC, Goel Group, and Daimler India Commercial Vehicles. The platform plans to expand its operations across India, the Middle East, and Europe.
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Anscer Robotics raises $2 Mn in seed round
Entrackr
·
6m ago
Medial
Anscer Robotics raises $2 Mn in seed round Deeptech startup Anscer Robotics has raised $2 million in its seed round led by Info Edge Ventures. The proceeds will be used to expand into new geographies and develop new product lines. Founded by Ribin Mathew, Ebin Sunny, Raghu Venkatesh, and Brijesh CA, Anscer Robotics makes smart robots that help move things in warehouses, factories, and logistics centers. The company’s flagship robots can carry up to two tonnes, including pallet movers, tuggers, conveyors, and lifters. The startup claims to have already deployed autonomous mobile robots (AMRs) at the units of its 15 enterprise customers across the US, India, Singapore, and Japan.
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