Connect with us
Prague Gaming & TECH Summit 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.

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
Click to comment

Leave a Reply

Your email address will not be published.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

Fintech PR

Sinotruk leaping forward to become world-class technology enterprise

Published

on

sinotruk-leaping-forward-to-become-world-class-technology-enterprise

JINAN, China, March 2, 2024 /PRNewswire/ — On March 2, SinoTruk’s Science and Technology Innovation Award Annual Conference 2024 was grandly held, to recognize and rewarding major scientific and technological achievements and outstanding innovative talents since 2022, planning and deploying scientific and technological innovation work ahead. Tan Xuguang, Chairman and General Manager of Shandong Heavy Industry Group, Chairman of China National Heavy Duty Truck Group, attended the conference and delivered a report on scientific and technological innovative work – “Steadily stride forward, embracing change in science and technology”.

 

Over the past five years, Sinotruk has invested nearly RMB 15 billion in R&D, which is the sum of the previous 15 years. It has benchmarked against world-class standards and gradually established a full-process independent research and development system. Sinotruk technological strength has reached the forefront of the national industry. Sinotruk has reshaped the “Yellow River” heavy-duty trucks standard with technology, ranking first in China, and its high-tech indicators are leading the industry. The market share of heavy-duty trucks has increased from 16.5% in 2018 to 26% in 2023, ranking first in China for two consecutive years. In 2023, the export volume exceeded 130,000 vehicles for the very first time, a 2.6-fold increase compared to 5 years ago, making it the largest single-brand global export volume in the world.

Tan Xuguang called on all engineers to keep in mind their mission, be down-to-earth, persistent in innovation, and make long-term achievements through dedicated ten years of hard work. Learn from the global cooperation, grow and become talents through project training, and achieve through continuous value creation. Achieve your meaning in life, strive with vitality and passion while you are young. Let’s set off again for a better future for the century heavy truck industry and the world’s best heavy truck industry!

Pic2

 

Photo – https://mma.prnewswire.com/media/2353005/Image_1.jpg

Photo – https://mma.prnewswire.com/media/2353013/Pic2.jpg

Cision View original content:https://www.prnewswire.co.uk/news-releases/sinotruk-leaping-forward-to-become-world-class-technology-enterprise-302077767.html

Continue Reading

Fintech PR

Flash News: OKX Introduces Exclusive ‘Babylon Pioneer Pass Event’ in Collaboration with Babylon, Offering Free Pioneer Pass NFT Minting for the First 100,000 Users Who Stake on Babylon Testnet

Published

on

flash-news:-okx-introduces-exclusive-‘babylon-pioneer-pass-event’-in-collaboration-with-babylon,-offering-free-pioneer-pass-nft-minting-for-the-first-100,000-users-who-stake-on-babylon-testnet

SINGAPORE, March 2, 2024 /PRNewswire/ — OKX, a leading Web3 technology company, has issued updates for March 2, 2024.

OKX Introduces Exclusive ‘Babylon Pioneer Pass Event’ in Collaboration with Babylon, Offering Free Pioneer Pass NFT Minting for the First 100,000 Users Who Stake on Babylon Testnet

OKX today announced the launch of its ‘Babylon Pioneer Pass Event,’ giving users who access the Babylon Testnet and stake any amount of Signet Bitcoin (sBTC) the opportunity to claim Babylon’s Bitcoin Pioneer Pass NFT. To qualify for a spot, users must access the Babylon Testnet and stake any amount of Signet Bitcoin (sBTC).

The event kicks off on February 28 and continues until March 6. Following the event, starting from March 7, participants who have been whitelisted will have the ability to mint their Bitcoin Pioneer Pass NFT using the OKX Wallet and their whitelisted address.

The process of participating in this event is straightforward and involves the following steps:

  1. Firstly, users will need to prepare by setting up their OKX and Keplr Wallets. These wallets will be crucial for interacting with the Babylon Testnet and the subsequent claiming of sBTC and BBN.
  2. Following the wallet setup, users can then claim the sBTC and BBN on Babylon’s Official Discord. These tokens will be needed for staking in the Babylon Testnet.
  3. Finally, users will need to access Babylon’s official website, where users can actively engage, stake their tokens and claim their whitelist spots.

Participation in the event offers a multitude of benefits. Users can engage actively with the Babylon Testnet, which in turn enhances their understanding of the Babylon protocol and its functionalities. Furthermore, participants contribute to the development and evolution of the Babylon protocol by being active users.

The ‘Babylon Pioneer Pass Event‘ is a result of OKX’s partnership with Babylon, a trustless Bitcoin staking protocol. The Bitcoin Pioneer Pass, Babylon’s first commemorative Non-Fungible Token (NFT), is a highlight of this event, representing a significant milestone for both OKX and Babylon.

For more information, please visit the OKX Support Center.

About OKX

A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including:

  • OKX Wallet: The world’s most powerful, secure and versatile crypto wallet which gives users access to over 80 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, ‘written down’ seed phrases. In addition, OKX Wallet’s account abstraction-powered Smart Account enables users to pay for transactions on multiple blockchains using USDC or USDT, and interact with multiple contracts via a single transaction.
  • DEX: A multi-chain, cross-chain decentralized exchange aggregator of 300+ other DEXs and approximately 15 bridges, with 200,000+ coins and more than 20 blockchains supported.
  • NFT Marketplace: A multi-chain, zero-fee NFT marketplace that gives users access to NFT listings across seven top-tier marketplaces including OpenSea, MagicEden, LooksRare and Blur.
  • Web3 DeFi: A powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.

OKX partners with a number of the world’s top brands and athletes, including English Premier League champions Manchester City F.C., McLaren Formula 1, The Tribeca Festival, Olympian Scotty James, and F1 driver Daniel Ricciardo.

As a leader building innovative technology products, OKX believes in challenging the status quo. The company recently launched a global brand campaign entitled, The System Needs a Rewrite, which advocates for a new paradigm led by Web3 self-managed technology.

To learn more about OKX, download our app or visit: okx.com

Disclaimer

View original content:https://www.prnewswire.co.uk/news-releases/flash-news-okx-introduces-exclusive-babylon-pioneer-pass-event-in-collaboration-with-babylon-offering-free-pioneer-pass-nft-minting-for-the-first-100-000-users-who-stake-on-babylon-testnet-302077698.html

Continue Reading

Fintech PR

UnionPay International and The Tourism Organisation of Serbia Sign MOU to Enhance Tourist Payments and Promote Serbia as a Premier Destination

Published

on

unionpay-international-and-the-tourism-organisation-of-serbia-sign-mou-to-enhance-tourist-payments-and-promote-serbia-as-a-premier-destination

BELGRADE, Serbia, March 1, 2024 /PRNewswire/ — UnionPay International, the leading global card scheme, has entering into a Memorandum of Understanding (MOU) with The Tourism Organisation of Serbia (TOS). This strategic partnership aims to enhancing the payment experience for tourists and to further facilitate tourism growth in Serbia.

The MOU signing ceremony took place at Belgrade on 27th February 2024, marking the beginning of a collaborative effort between UnionPay International and TOS. The agreement outlines various areas of cooperation:

Jointly promoting Serbia as Travel Destination: Through optimised marketing resources, both parties aim to promote Serbia as tourist destination among UnionPay cardholders, with its rich cultural heritage and unique experiences, provide comprehensive tourism information and payment guides for the tourists visiting Serbia. UnionPay International aims to provide more diversified and convenient payment choices, and ensuring seamless payment experiences for travellers visiting the country.

Privileges and Benefits: The partnership will explore opportunities for preferential activities that bring additional benefits to UnionPay cardholders visiting Serbia. This approach aims to boost the attractiveness of the local tourism market and create a win-win situation for both parties.

Ms Bomee Sheng, Product Director of UnionPay International, expressed her enthusiasm about the collaboration, stating, “We are delighted to partner with The Tourism Organisation of Serbia to promote tourism and facilitate payment experiences in Serbia. Through this partnership, we aim to provide UnionPay cardholders with enhanced convenience and benefits, ultimately contributing to the growth of Serbia’s tourism industry.”

Ms Marija Labović, CEO of National Tourism Organisation of Serbia, commented, “This partnership with UnionPay International comes at an important time as we strive to become the most popular all year destination in the region.” She outlines Belgrade’s popularity and the diversity of attractions from city breaks to natural retreats and she is looking forward to the Expo 2027 in the capital, “By leveraging UnionPay’s global network and advanced payment solutions, we are confident that we can attract more visitors to Serbia and provide them with memorable experiences.”

In recent years, Serbia has emerged as one of the most attractive destinations for Chinese visitors. It is hailed as the “heart of the Balkans” and offers a unique blend of captivating landscapes and rich cultural heritage. Its visa-free entry policy, coupled with the exceptional acceptance coverage of UnionPay cards, has played a significant role in attracting Chinese tourists. With over 90% of local merchants and ATMs supporting UnionPay payments and withdrawals, travellers can enjoy seamless payment experiences across various sectors, including retail, dining, hotels, gas stations, toll stations, and tourist attractions.

About The Tourism Organisation of Serbia (TOS)

The Tourism Organisation of Serbia (TOS) was formed under the Law on Tourism of 1994 as the institution in charge of promoting Serbian tourism in domestic and foreign markets, as well as performing other duties relevant for the development of communication and advertising activities in Serbian tourism. The activities of TOS are focused on positioning Serbia’s tourism products in domestic and foreign markets and exploring Serbia’s comparative advantages in terms of tourism, including its geostrategic position and its historical, cultural and natural identity.

About UnionPay International

UnionPay International focuses on the international business of UnionPay, a global payment network that serves the world’s largest cardholder base. Collaborating with over 2,600 partners globally, UnionPay acceptance now reached to 183 countries and regions. Outside the Chinese Mainland, UnionPay is accepted at nearly 67 million merchants and 1.7 million ATMs.

View original content:https://www.prnewswire.co.uk/news-releases/unionpay-international-and-the-tourism-organisation-of-serbia-sign-mou-to-enhance-tourist-payments-and-promote-serbia-as-a-premier-destination-302077241.html

Continue Reading

Trending