Connect with us
European Gaming Congress 2024

Fintech PR

BENTELER is about to secure a multi-million investment for autonomous HOLON Mover

Published

on

benteler-is-about-to-secure-a-multi-million-investment-for-autonomous-holon-mover
  • TASARU Mobility Investments intends to acquire minority stake in HOLON business for nine-digit sum
  • Investment secures series development and industrialization of the autonomous, fully electric and inclusive shuttle
  • Construction of three production plants planned in Europe, Saudi Arabia and the USA

SALZBURG, Austria, PADERBORN, Germany and RIYADH, Saudi Arabia, Feb. 7, 2024 /PRNewswire/ — The BENTELER Group is about to secure a multi-million-dollar investment to expand its autonomous mover business: TASARU Mobility Investments, a Saudi Arabian investment company specializing in automotive initiatives, intends to acquire a minority stake in the BENTELER subsidiary HOLON for a nine-digit sum. The management of both companies signed a respective agreement.

The planned acquisition of a stake of up to 38% in HOLON by TASARU will occur in several tranches, with the first one expected in April. The transaction is subject to the necessary regulatory approvals.

The funds from TASARU will be used to further advance the series development and industrialization of the autonomous, fully electric, and inclusive mover. Specifically, the plan is to establish three production sites to market the vehicle worldwide: in Europe, Saudi Arabia and the USA.

Ralf Göttel, CEO of the BENTELER Group: “What a journey for HOLON: 2023 started with the successful world premiere of our autonomous mover at the Consumer Electronics Show in Las Vegas. And now, 2024 starts with a strong partnership that will enable us to put the vehicle on the road as soon as possible. We are delighted that HOLON, one of BENTELER’s entrepreneurial successes, has also convinced external investors and that the series development as well as industrialization of our mover is now secured. Together with TASARU we will make mobility safer and more sustainable.”

The HOLON Mover is a fully electric, autonomous vehicle for use on public roads. It is one of the world’s first movers built to automotive standards – in other words, a leader in safety, ride comfort and production quality. The vehicle travels at a maximum speed of 60 kilometers per hour and can accommodate up to 15 passengers. Areas of application are on-demand services such as ridepooling and ridehailing, but also normal scheduled services.

Michael Mueller, CEO of TASARU: “HOLON’s revolutionary Mover aligns perfectly with TASARU’s vision for a smarter and more sustainable future, supporting the ambitious targets outlined in Saudi Arabia’s Vision 2030. Together, we aim to unlock the Mover’s potential, bringing significant benefits to Saudi Arabia and other regions, establishing the Kingdom as a hub for autonomous mobility innovation and manufacturing.”

Henning von Watzdorf, CEO of HOLON, added: “This is a significant step for HOLON. The partnership with TASARU will allow us to accelerate the further development, industrialization and scaling of our Mover. In 2024, the focus will now be on prototype development and initial test drives. Our goal is to have the first vehicles in use as part of pilot projects by 2025. Customer interest is immense: our vehicle makes safe, inclusive, emission-free and sustainable passenger transportation possible and is therefore the answer to traffic problems in cities, climate change and demographics.”

The HOLON Mover is barrier free, offering an automated ramp, secured wheelchair space, and auditory and visual assistance for passengers. The design comes from renowned design company Pininfarina and the autonomous driving technology from the Intel subsidiary Mobileye. One of the first pilot projects for the use of the vehicle is the city of Hamburg, Germany. The Federal Ministry of Digital and Transport recently provided €26 million funding for a corresponding project.

About BENTELER
BENTELER is a global company serving customers in automotive technology, the energy sector and mechanical engineering. As metal processing specialists, we develop, produce and distribute safety-related products, systems and services worldwide.
Our around 23,000 employees at 87 locations in 26 countries offer first-class manufacturing and distribution competence – all dedicated to delivering a first-class service wherever our customers need us. 

www.benteler.com
https://www.facebook.com/BENTELER.Career
https://www.linkedin.com/company/benteler-group
https://www.instagram.com/benteler_group/

About HOLON
HOLON is a subsidiary of BENTELER. With well-founded know-how in automotive technology and industrialization as well as the continuous implementation of new technologies for electromobility, the company develops autonomous movers for the vehicle market of the future. To do this, HOLON works with technology companies, local public transport companies and mobility-as-a-service providers.

Advertisement

www.driveholon.com 

Contact details: 
Stephan Knüttel
Vice President Communications/Marketing
Paderborn, Germany
Tel.: +49 5254 81 307 610 | Mobile: +49 172 5727 257
E-Mail: [email protected] 

Harald Weber
Communications Specialist
Salzburg, Austria
Tel.: +43 662 2283 101047 | Mobile: +43 664 8235 605
E-Mail: [email protected] 

Photo – https://mma.prnewswire.com/media/2336477/Signing_Ceremony_Riyadh.jpg
Photo – https://mma.prnewswire.com/media/2336478/HOLON_Mover_Riyadh.jpg
Logo – https://mma.prnewswire.com/media/2336406/Benteler_logo.jpg

From left to right: Dr. Henning von Watzdorf (Chief Executive Officer HOLON), Joseph Kirikian (Chief Investment Officer TASARU), Ralf Göttel (Chief Executive Officer BENTELER Group), Michael Mueller (Chief Executive Officer TASARU), Muhammad AlShiha (Deputy Chairman Board of Directors TASARU), Dr. Tobias Braun (Chief Financial Officer BENTELER Group)

 

Benteler Group logo

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/benteler-is-about-to-secure-a-multi-million-investment-for-autonomous-holon-mover-302056288.html

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fintech PR

Acceleration of global marketing collaboration between Milk Partners, AirAsia rewards, and The Sandbox

Published

on

acceleration-of-global-marketing-collaboration-between-milk-partners,-airasia-rewards,-and-the-sandbox

– Milk Partners, AirAsia rewards and The Sandbox are collaborating to provide a new experience allowing users to earn real-world value through the metaverse gaming platform

– Launching metaverse game project ‘MiL.k X BIGGIE Wonderverse’ offering SAND Tokens, Milk Coins and AirAsia points

– “MiL.k is committed to continuously expanding its blockchain ecosystem through strategic partnerships with global partners.”

SEOUL, South Korea, Oct. 23, 2024 /PRNewswire/ — Milk Partners has announced a collaboration with The Sandbox, the global metaverse platform, and AirAsia rewards, the loyalty program of Asia’s leading online travel agency (OTA), AirAsia MOVE. This partnership is set to offer global users an immersive Web3 experience where they can earn rewards with real-world value through engaging in a metaverse-based game.

The newly launched ‘MiL.k X BIGGIE Wonderverse’ metaverse game allows users to earn Sand Tokens, Milk Coins, and AirAsia points. The game is inspired by BIGGIE, the mascot of AirAsia rewards, and modeled after the BIGGIE Wonderland mini-game in the AirAsia MOVE app. Users need to first complete tasks by collecting Milk Coins (symbolized game assets) in the Sandbox metaverse, which can be exchanged for other game assets such as virtual AirAsia points, virtual passports, and virtual boarding passes. Once all tasks are completed, users will then be rewarded with Milk Coins, Sand Tokens, and AirAsia points.

This collaboration has been based on MiL.k’s reliability and strong global network, which has steadily expanded partnerships with major global companies and has become an innovative model for the industry. 

This collaboration is part of MiL.k’s broader strategy to expand its blockchain-based loyalty ecosystem, which already includes partnerships with SK OK Cashbag, Lotte L.Point, CU, Megabox, Yanolja, and others. AirAsia rewards operates a comprehensive loyalty platform for the AirAsia group, enhancing its travel and lifestyle businesses, including airlines, online travel agent (OTA), logistics, aviation services, e-commerce, financial services, and more. The Sandbox, a global metaverse platform with over 6 million users, offers a unique space for creating games and generating revenue. Together, AirAsia rewards and The Sandbox will further expand MiL.k’s ecosystem through global partnerships.

The CEO of Milk Partners, Jungmin Cho said “Following our successful collaboration event with CU, we are happy to announce the next event with AirAsia rewards. Through this partnership, for partners, we are providing a new marketing channel on metaverse and for users, we are expecting to share the fun experience and real benefits.” He added, “We will continue to explore various opportunities with global partners across diverse industries.”

In June, MiL.k introduced a metaverse experience ‘Play CUX MiL.k’ with CU and The Sandbox, offering users an engaging new way to explore blockchain and the metaverse. MiL.k is committed to continuously expanding its global partnerships to provide more exciting experiences for global users.

Photo – https://mma.prnewswire.com/media/2536675/image.jpg

Advertisement

Cision View original content:https://www.prnewswire.co.uk/news-releases/acceleration-of-global-marketing-collaboration-between-milk-partners-airasia-rewards-and-the-sandbox-302282640.html

Continue Reading

Fintech PR

H&M Foundation: Global Change Award 2025 launched – with a mission to accelerate innovation for a net-zero textile industry by 2050

Published

on

h&m-foundation:-global-change-award-2025-launched-–-with-a-mission-to-accelerate-innovation-for-a-net-zero-textile-industry-by-2050

STOCKHOLM, Oct. 23, 2024 /PRNewswire/ — The H&M Foundation today announces a significant shift in its overall strategic direction, focus on supporting the textile industry in halving its greenhouse gas emissions every decade by 2050, while promoting a just and fair transition for both people and the planet. The innovation challenge Global Change Award 2025 (GCA) is the first initiative to reflect this shift. 

 

 

GCA is now seeking innovative ideas addressing different high emission areas across the textile industry value chain, including sustainable materials and processes, responsible production, mindful consumption, and ‘wildcards’ that support the GCA purpose. Today, only a fraction of philanthropic capital is directed to climate. 

“The textile industry needs all hands-on deck if we are going to meet our climate goals by 2050, and we must ensure this transition is fair for everyone. I really believe that innovation is key to decarbonising the industry, and that the Global Change Award can play a role in identifying and growing future changemakers whose ideas can have a transformative impact if given the right support,” says Karl-Johan Persson, Board Member of the H&M Foundation.

Since GCA launched in 2015, 46 innovations have received support and a combined grant of 8 million euros. While it continues to award 10 winners every year, with each receiving 200,000 EUR, there are other key updates to the GCA:

  • New focus area – decarbonising the textile industry.
  • Holistic approach – equipping changemakers with a holistic people and planet mindset. 
  • Wider range of changemakers – switching to a nomination-based process, instead of an open application system.
  • Systems change approach – equipping changemakers to consider the entire textile value chain and its interconnectedness while also considering the impact on people.

“While the industry is hungry for innovation, the holistic perspective to decarbonisation is often lacking, and the critical early stages of an innovator’s journey overlooked – this is where philanthropy can make a real difference”, says Annie Lindmark, Programme Director for Innovation at the H&M Foundation.

In addition to financial support, winners will gain access to a powerful network of mentors, collaborators, and industry leaders to help bring their solutions to life. Together with partners Accenture and KTH Royal Institute of Technology, H&M Foundation will invite the winners to participate in a yearlong, tailormade Changemaker Programme. The Global Change Award 2025 winners will be announced in April 2025.

CONTACT: Jasmina Sofić, Media Relations Responsible, +4673 465 59 59

Photo: https://mma.prnewswire.com/media/2537220/HM_Foundation_Global_Change_Award_25.jpg
Logo:  https://mma.prnewswire.com/media/2537258/H_M_Foundation_logo_PNG_black.jpg

 

Advertisement
H&M Foundation Logo

 

Cision View original content:https://www.prnewswire.co.uk/news-releases/hm-foundation-global-change-award-2025-launched—with-a-mission-to-accelerate-innovation-for-a-net-zero-textile-industry-by-2050-302283317.html

Continue Reading

Fintech PR

Dow Jones to Expand WSJ Tech Live Event to Qatar

Published

on

dow-jones-to-expand-wsj-tech-live-event-to-qatar

Exclusive tech event will convene business leaders, investors and thought leaders in 2025

LAGUNA BEACH, Calif., Oct. 22, 2024 /PRNewswire/ — Dow Jones announced today the expansion of WSJ Tech Live through a multi-year agreement that will bring the marquee event to the State of Qatar starting next year. Appearing on stage at this year’s event in Laguna Beach, Calif., Sheikh Jassim bin Mansour bin Jabor Al Thani, Director of the Government Communications Office of the State of Qatar, and Almar Latour, publisher of The Wall Street Journal and CEO of Dow Jones, jointly announced that WSJ Tech Live Qatar will debut in late 2025 and take place annually for five years.

This marks the first time WSJ’s most exclusive tech event will be held in the Middle East. The invitation-only conference will bring together an audience of over 200 C-suite executives, investors, innovative startups and influential venture capitalists from across the world. Dow Jones will continue to operate WSJ Tech Live annually in California while adding WSJ Tech Live Qatar to the calendar starting in December 2025.

Sheikh Jassim highlighted that the conference aligns with Qatar’s vision to become a global hub for advanced technology and innovation, as outlined in the Third National Development Strategy and Qatar National Vision 2030.

“Hosting WSJ Tech Live marks another significant step in the growth of Qatar’s technology ecosystem,” said Sheikh Jassim. “When the world’s top tech leaders gather in Qatar, it will create an unparalleled opportunity to benefit from their diverse expertise, insights and global networks. This will inspire local talent, attract international investment, and create avenues for strategic global partnerships that propel our development journey forward.”

“Dow Jones and The Wall Street Journal deliver reliable journalism, data, and analytics to business professionals worldwide, and to do so we must reflect the entire global business community,” said Latour. “With the MENA region’s growth and increased role in tech–especially at the intersection of AI and the energy sector–we are delighted to be partnering with Qatar.”

Currently in its 11th year, WSJ Tech Live convenes the biggest newsmakers in technology across entertainment, music, robotics and AI, science and more. This year’s marquee event is the company’s most successful Tech Live since its inception, with record-breaking sponsorship revenue. The event showcased groundbreaking insights on a wide range of topics including the global impact of generative AI, the future of brain-computer interfaces, the outlook for startup investments, fostering the next generation of technology talent and how the upcoming U.S. election could impact the tech industry.

WSJ Tech Live joins a series of global events hosted in Qatar, including the FIFA World Cup™, Web Summit Qatar, Formula 1 Qatar Grand Prix, and Doha Forum. The event also builds on Dow Jones’s existing presence in MENA, which serves as an important hub for reporting from The Wall Street Journal, and home to key sales and services functions.

About Dow Jones
Dow Jones is a global provider of news and business information, delivering content to consumers and organizations around the world across multiple formats, including print, digital, mobile and live events. Dow Jones has produced unrivaled quality content for more than 130 years and today has one of the world’s largest news-gathering operations globally. It is home to leading publications and products including the flagship Wall Street Journal, America’s largest newspaper by paid circulation; Barron’s, MarketWatch, Mansion Global, Financial News, Investor’s Business Daily, Factiva, Dow Jones Risk & Compliance, Dow Jones Newswires, OPIS and Chemical Market Analytics. Dow Jones is a division of News Corp (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV).

About the Government Communications Office of the State of Qatar
The Government Communications Office was established in 2015 to serve as the strategic communications arm of the State of Qatar. It coordinates communications activities across government and public-sector institutions, showcasing the country’s vision, initiatives and achievements in line with the Qatar National Vision 2030.

Advertisement

View original content:https://www.prnewswire.co.uk/news-releases/dow-jones-to-expand-wsj-tech-live-event-to-qatar-302283664.html

Continue Reading

Trending