Transportation

Airlines Automotive Electric Vehicles Logistics Maritime
News Release Digital Asset Direct

Foresight: Eye-Net Enters Indian Market with Pilot Project for Fleet Telematics

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that its wholly owned subsidiary, Eye-Net Mobile Ltd. (“Eye-Net” or “Eye-Net Mobile”), will begin its first pilot project in India with a local telematics company, a venture facilitated by Eye-Net’s Indian distributor. Telematics, also known as fleet tracking, refers to the methodology of monitoring fleets, vehicles and drivers’ behavior by using GPS technology and onboard diagnostics. The Indian telematics company will evaluate the performance of the Eye-Net™ Protect collision prediction solution in various scenarios, including those involving vehicles, pedestrians and bicycle riders. Successful evaluation may lead to possible commercialization and integration of Eye-Net Protect into the service suite offered by the telematics company to its commercial fleets and governmental operators of vehicles such as ambulances, city buses and taxis. “We believe that working with a local distributor is the right strategic choice as we begin this first pilot project in India, a true door opener for Eye-Net into the Indian market and one that will potentially expand our presence in Asia. The collaboration with a telematics company indicates the added value of our solution to automotive-related industries, enhancing vehicle safety and potentially preventing accidents and saving lives,” said Dror Elbaz, COO and Deputy CEO of Eye-Net Mobile. For more information about Eye-Net Mobile, please visit www.eyenet-mobile.com, or follow the Company’s LinkedIn page, Eye-Net Mobile; Twitter, @EyeNetMobile1; and Instagram channel, Eyenetmobile1, the contents of which are not incorporated into this press release. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses its belief that working with a local distributor is the right strategic choice, that the collaboration is a door opener for Eye-Net into the Indian market with the potential to expand its presence in Asia and that the collaboration indicates the added value of its solution. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Foresight's annual report on Form 20-F filed with the Securities and Exchange Commission ("SEC") on March 30, 2021, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third-party websites. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration, sensor fusion and dense 3D point cloud that can be applied to diverse markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn. Contact Details Investor Relations Contact: Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 msegal@ms-ir.com Company Website https://www.foresightauto.com/

January 10, 2022 08:10 AM Eastern Standard Time

First corporate customer in the U.S. reserves 100 VinFast electric vehicles at CES 2022

Vingroup

LAS VEGAS, NEVADA - Media OutReach - 8 January 2022 - Shortly after VinFast Global EV Day at CES 2022, Artemis DNA, a full-service, accredited, high complexity clinical diagnostic laboratory company providing proprietary Next Generation Sequencing (NGS) genetic and diagnostic testing that enables precision medicine through early disease detection in the U.S., expressed interest in VinFast EVs VF 6, VF 7, VF 8 and VF 9 by making 100 reservations thereof. Such decision by Artemis DNA shows the confidence of the first Vietnam high-class electric vehicle automaker, VinFast, in being able to satisfy U.S. consumers - the world's most demanding market. Artemis DNA applauds VinFast’s efforts to become an all-electric car manufacturer, anticipated by the end of 2022. Artemis DNA looks forward to working with VinFast and other Vingroup companies in pursuing mutual goals of fostering a greener, cleaner, healthier and sustainable future for the planet. Immediately after VinFast's debut at CES 2022 of its electric vehicles, Artemis DNA decided to reserve 100 of VinFast EV’s, which includes VF 6, VF 7, VF 8 and VF 9 at the price points that VinFast announced (for VF 8 and VF 9). With the plans to convert its entire fleet to EV's, the purchase of the EV’s represents a continued effort by Artemis DNA to reduce the carbon footprint of its operations. Artemis DNA has been aggressively pursuing a commitment to a robust environmental, social and governance (ESG) initiative which includes a number of climate-oriented goals. In a recent letter from Artemis DNA Founder and CEO, Emylee Thai, she stated that the company is dedicated to becoming a leader in environmental stewardship within the diagnostics and healthcare industry. It is anticipated that Artemis DNA will take delivery of the VinFast EV’s starting in the fourth quarter of this year in support of both of the companies’ massive global expansion plans. With the reservation placed, Artemis DNA will be VinFast's first corporate customer in the U.S. “It is with the help of innovative companies like VinFast that we are able to continue our work transforming healthcare around the world while still being a good corporate citizen. Artemis DNA is committed to maintaining our status as an exemplary leader in the diagnostics and healthcare industry.” said Ms. Emylee Thai, Founder and CEO of Artemis DNA. Madam Le Thi Thu Thuy, Vingroup Vice Chair and VinFast Global CEO shared: "We are very pleased that VinFast's electric vehicles received numerous positive feedback from Artemis DNA and U.S. customers as soon as we launched at CES 2022 in Las Vegas, NV. This shows the trust of U.S. customers with VinFast's brand and the quality of our electric vehicles." The VinFast model VF 6 and model VF 7 were mentioned as one of the top 10 most beautiful EV models at the exhibition, according to an article in Forbes magazine. In addition, the model VF 8 and model VF 9 were described as the "Top Electric Models Worth Waiting For" at the Los Angeles Auto Show in November 2021, as reported by Automotive News. Opened for reservation globally, starting on January 5, 2022, in the U.S., VinFast VF 8 pricing starts at 41,000 USD in the U.S., 36,133 Euros in Europe and 961 million VND in Vietnam. Meanwhile, VinFast VF 9 pricing starts at 56,000 USD, 49,280 Euros and from 1.312 billion VND. VinFast anticipates completing its first deliveries of VinFast models VF 8 and VF 9 cars in the fourth quarter of 2022. Customers in the U.S. can make a reservation by paying $200 to receive a $3,000 e-voucher toward the potential purchase of VF 8 or a $5,000 e-voucher toward the potential purchase of a VF 9. Customers in Europe can make a reservation by paying 150 Euros to receive a 2,500 Euros voucher toward the potential purchase of VF 8 or a 4,200 Euros voucher toward the potential purchase of VF 9. Customers in Vietnam can make a reservation by paying 10 million VND to receive a 150 million VND voucher for VF 8 or 250 million VND voucher for VF 9. About Artemis DNA Artemis DNA is a full service, Clinical Laboratory Improvement Amendments (CLIA) certified, College of American Pathologists (CAP) accredited, high-complexity clinical diagnostic laboratory company that provides proprietary Next Generation Sequencing (NGS) genetic testing and diagnostic laboratory services for a wide variety of medical specialities, including cardiology, oncology, immunology, neurology, reproductive health and pharmacogenomics. Artemis DNA’s testing enhances the delivery of “personalized medicine” by assessing a patient’s own genetic makeup and clinical characteristics which allows for informed decision making in prevention and treatment choices. Artemis DNA also provides pre- and post-testing genetic education and counseling services, as well as conducting research and development to discover and develop additional novel diagnostic services. Artemis DNA is headquartered in Irvine, California. For more information, visit https://www.artemisdna.com. About VinFast & Vingroup VinFast - a member of Vingroup – envisioned to drive the movement of global smart electric vehicle revolution. Established in 2017, VinFast owns a state-of-the-art automotive manufacturing complex with globally leading scalability that boasts up to 90% automation in Hai Phong, Vietnam. Strongly committed to the mission for a sustainable future for everyone, VinFast constantly innovates to bring high-quality products, advanced smart services, seamless customer experiences, and pricing strategy for all to inspire global customers to jointly create a future of smart mobility and a sustainable planet. Learn more at: https://vinfastauto.com. Established in 1993, Vingroup is one of the leading private conglomerates in the region, with a total capitalization of $35 billion USD from three publicly traded companies (as of November 4, 2021). Vingroup currently focuses on three main areas: Technology and Industry, Services and Social Enterprise. Find out more at: https://www.vingroup.net/en. Contact Details Vingroup Media Contact v.nammh@vingroup.net Company Website https://www.vingroup.net/en

January 08, 2022 08:30 AM Eastern Standard Time

Image

In a World Where Everything is Connected, Insurance is Catching Up

Roadzen

Artificial intelligence, Machine Learning and Big Data have been used across every industry to make the world more personal. Businesses have activated systems that make it possible to cater to consumer preference. Great minds have accelerated progress by building on ever-evolving algorithms and systems that learn as fast (or faster) than humans. The world of insurance has been one colored by the “necessary evils” of long waits, policies for “everyone”, and demographic-reliant underwriting processes. Innovators in this space are contending for an upgrade, and new technology is helping them achieve it. At the Intersection of Mobility and Insurance Less than six years ago, robotics and AI specialist Rohan Malhotra was on the scene after a friend got in a bad car accident in New Delhi. The driver was taken to the hospital and Malhotra stood by to sort out the logistics of getting the car towed and coordinating with insurance. In a series of phone calls that spanned several hours standing on busy roads to get things sorted out. It hit him: it takes two minutes to get an Uber, but four and a half hours to get a car off the road and an insurance file claimed? In a digital-first world, with plenty of capable technology at our fingertips, this is absurd. Malhotra, an alumnus of Carnegie Mellon, let this epiphany spark an effort that would grow into Roadzen. The company has since become a transformative force in the world of AI, using it to transform insurance for mobility and reimagine how to help drivers get safer and be insured, faster and cheaper. Cars Aren’t Just Cars Anymore Here is a useful analogy: phones used to be devices used to make calls. Now, they are sophisticated hardware equipped with sensors, software and apps we use to manage our lives and connect to the world around us. Similarly, cars have steadily shifted from being mechanical machines we drive to being equipped with sensors and software collecting real-time information to transform in-vehicle experiences such as mapping, payments, entertainment, commerce and insurance. There are three key ways that companies like Roadzen are using what cars are and how they operate to uplevel insurance operations: 1. Dynamic and Personalized Underwriting Underwriting is antiquated: any insurance expert agrees. A lot of factors go into underwriting a vehicle for an insurance policy. Some insurance companies have started to weigh according to personal factors, such as how well someone drives or lifestyle considerations. However, most underwriting still relies on a flawed, generic, static data-based approach. For instance, if someone is under 25 years old and a college student, they will automatically pay more for insurance. Now, however, data goes way deeper than demographics. Underwriters can view and interpret aggregates of data down to the individual level that account for driving conditions, car type, driver behavior and more. This makes policies far more fair, but new technology can go even further, activating measures that prevent issues. Using telematics, automatic alerts can go off if a driver is exhibiting risky behavior, is in an accident-prone area, appears to be drowsy or is otherwise in danger. This could not only ensure that good rates reward good drivers, but that there are categorically fewer accidents on the road. 2. Insurance Embedded Into Transactions A point of focus for insurtech in the last 20 years has been distribution. Selling policies online has been touted as novel, but has ceased to be anything newsworthy. What is newsworthy is new means of distribution that can be embedded into any transaction using APIs. For example, when someone buys a new car online, it can come with insurance loaded; when a family takes a trip, they can automatically add on insurance. Agents can use this new technology in which a distribution engine capably handles online channels for ease of purchase and streamlined operations. 3. Proactive Claims Processes Filing insurance claims is something no policyholder ever wants to have to do, but it’s at this moment that insurance has value. The claims process has been a loathsome one, but innovative technology is changing that narrative. This is one scenario in which video, AI and ML have been particularly effective, activating new methods for reporting claims. Using telematics, automated systems can immediately recognize when an accident has occurred. Instead of a reactive process, a proactive series of events is launched. Individuals can immediately take photos or videos of their damaged vehicle and assess it using AI, getting a real time estimate for the cost of repairs. In many cases, this shrinks the process from days or weeks to minutes. Advanced Innovation and the Future The future of insurance is decidedly on a new trajectory. TESLA has grown its insurance division, one that CEO Elon Musk estimates will account for a significant portion of revenue moving forward. Roadzen, similar to Tesla, is building the end-to-end infrastructure for underwriting, distribution and claims, effectively changing the way people benefit from automobile insurance. A few components require flexibility in any system, though. One example is that not every region will allow underwriting based on behavior; it has to be related to asset value of the car. Here, technology can still be used to scan a vehicle, assess any points of damage that diminish value, and provide comps against orange or blue book value that inform policy quotes. Another dynamic is usage based insurance, which has blossomed during COVID-19 because not as many people use their cars. When a car is sitting still, should users have to pay full price for insurance? Usage-based insurance says no, and using software or hardware telematics, new rates may be offered. The most advanced approach to vehicle coverage now is behavior-based insurance. This accounts for every factor: users, asset value and individual driver behavior. Data follows a connected path from the car itself or from devices in a car to pinpoint the nature of the driver and accurately calculate their risk and rates. A deciding variable for adoption will be which tech companies can make the broadest connections, and own the most steps in the process. Roadzen currently leads that race, with a dynamic platform that can process insurance from quote to claim, maximal vertical integrations, and partnerships with over 50 leading insurers and carmakers around the world. The Best Kind of Insurance We live in a data rich world. The best kind of insurance is the ability to be proactive, preventing accidents on the road and using all data points to build better policies for the end user. If accidents do happen, drivers should be instantaneously empowered to take photographic or videographic evidence and get the claims process in motion. From giant fleets to individual drivers, new tech in mobility insurance is lending fresh vision to what is possible, and every person on the road stands to benefit. Contact Details Roadzen pr@authoritytech.io

January 07, 2022 08:00 AM Eastern Standard Time

Foresight Expands Chinese Market Presence with Establishment of Local Subsidiary

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), (“Foresight” or the “Company”), an innovator in automotive vision systems, announced today it has deepened its Chinese footprint with the establishment of Foresight Changzhou Automotive Ltd., (“Foresight Changzhou”), a wholly owned subsidiary, in Jiangsu Province, China. The Chinese subsidiary was established in cooperation with the China-Israel Changzhou Innovation Park (CIP), a bi-national governmental initiative that provides a unique platform for Israeli industrial companies seeking to enter the Chinese market. With the support of CIP’s facilities and its dedicated staff, Foresight Changzhou will receive a package of incentives and grants from the Jiangsu Province’s government to aid in overcoming barriers and achieving success in China. The subsidiary will hire local engineers and high-quality staff, who will be based in CIP. “As our network of cooperation and connections in the Chinese market broadens, establishing a local presence is imperative. The Chinese automotive industry is rapidly growing and has become one of the world’s most prominent markets. We believe that having a local entity will facilitate our access to Chinese vehicle manufacturers and Tier One automotive suppliers and will potentially increase local collaborations and joint venture undertakings. This decision enables us to significantly expand our presence in China and supports our strategy to become a dominant player in the Asia-Pacific automotive market,” said Haim Siboni, Chief Executive Officer of Foresight. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses that Foresight Changzhou will receive a package of incentives and grants to aid in overcoming barriers and achieving success in China with the support of CIP’s facilities and staff as well as hire local engineers and high-quality staff who will be based in CIP, that a local entity will facilitate the Company’s access to Chinese vehicle manufacturers and Tier-One automotive suppliers and will potentially increase local collaborations and joint venture undertakings, and that the establishment of a Chinese subsidiary significantly expands the Company’s presence in China and supports the Company’s strategy to become a dominant player in the Asia-Pacific automotive market. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Foresight's annual report on Form 20-F filed with the Securities and Exchange Commission ("SEC") on March 30, 2021, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third-party websites. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration, sensor fusion and dense 3D point cloud that can be applied to diverse markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn. Contact Details Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 msegal@ms-ir.com Company Website https://www.foresightauto.com/

January 05, 2022 08:20 AM Eastern Standard Time

The Inaugural VinUniversity Global Case Competition Awards Prizes To Global Teams

Vingroup

HANOI, VIETNAM - Media OutReach - 28 December 2021 - The "VinUniversity Global Case Competition 2021" (VGCC), organized by VinUniversity, has just concluded. Three teams from the United States, Finland, and Vietnam pushed ahead of over a thousand teams from 200 leading universities in 30 countries to score the top three prizes. The theme of the 2021 competition was "VinFast Goes Global". The case, written by Professor Michael Dixon of Utah State University and developed in consultation with faculty members from Cornell University and VinFast executives, described the complex and highly topical challenges facing VinFast as it enters the US market with its brand new Electric Vehicles. Teams were required to develop strategies, solutions and implementation plans for this expansion, taking into consideration several challenges facing the Electric Vehicle market in general, and VinFast in particular. Discussing the topic of the competition, Professor Edward McLaughlin - Professor Emeritus at Cornell University, and member of the competition's judging Panel - commented: "The teams had many creative and outstanding ideas. Unlike other competitions that use hypothetical or past cases, VGCC poses a realistic and current problem facing a business.". Over 4,000 students from over 200 universities from 30 countries formed 1,085 teams to participate in the competition. The competition had three stages and teams had to qualify to move to the next round of the competition. Only ten teams were selected in the Final Presentation round of the competition. In addition to submitting a detailed twenty- page plan for addressing the six challenges presented in the case, the teams also presented their key ideas before a panel of judges comprising of VinFast senior executives, and faculty from other top US based universities, and answered many tough questions from the judges. "We are delighted to establish this global case competition because it provides experiential learning opportunities for students and helps them develop critical thinking and problem solving skills, and brings people together to solve real world problems," said Professor Rohit Verma, the Provost of VinUniversity. True to the academic and student-centric mission of the VGCC, VinUniversity organized three informational webinars to help the students prepare for the competition attended by over 1,000 participants. Faculty from VinUniversity, Cornell University, the CEO of VinFast, and case writer provided valuable insights to students about how to make their case analyses compelling and their recommendations defensible. As Professor Dixon advised "This case is an opportunity for students to make persuasive arguments regarding the goodness of their solutions. We are not looking for one right answer. Instead, we are looking for how the students come with their answers, how well they describe it and how well they can defend it." To make the process of evaluation fair and objective, the judges developed comprehensive and multi-dimensional rubrics for each stage of the competition, designed to assess the depth of the research and analysis, the details of the proposed implementation plan and the quality of the team presentation in the final round. The First Prize went to EVA - made up of 4 members from 4 different universities: DePauw University (USA), Tampere University of Applied Science (Finland), Fulbright University (Vietnam), and Foreign Trade University Ho Chi Minh City (Vietnam). EVA successfully convinced the judges with the team's strategy to position VinFast as the best option for the "Wait and See'' segment - customers who are careful with their finances and make purchasing decisions based on a car's features and ease of use. This was considered a disruptive approach because traditional EV-makers tend to focus on early adopters of the technology. The Second Prize went to VinFast WinFast - consisting of 4 students from VinUniversity, with their proposal to market the cars to the extended-Millennials (Gen Y) segment, with ages ranging from 25 to 56. The group's core proposal centered around Vivi Smart Companion, which supports users in their entire customer journey with their VinFast car, designed to build a life-long, personal connection with the company and their cars. The Third Prize went to 4 students from Juniata College (USA), Villanova University (USA) and British University Vietnam with their "Influencer Marketing" strategy. The total prize value for the 3 winning teams was approximately 400 million VND, equivalent to 17.000 USD, with the First Prize being worth over 200 million VND (equivalent to 10.000 USD). The contestants came from the world's top universities, such as Cambridge University (UK), Oxford Universities (UK), Duke University (USA), Cornell University (USA), National University of Singapore (Singapore), Nanyang Technological University (Singapore), Monash University (Australia), Yonsei University (South Korea), VinUniversity, etc., and the students collectively spent 14,000 hours researching and devising solutions. Mr. Craig Westbrook – Chief Service Officer from Vinfast US expressed his impression "What a competition, what fantastic contestants you were, truly inspiring, and it's exactly the kind of thing that I would say companies like VinFast are certainly looking for in our future talents." This is the link to VGCC Website: https://vinuni-globalcase.com/ Contact Details Vingroup Media Contact v.nammh@vingroup.net

December 28, 2021 08:30 AM Eastern Standard Time

Image

Selling a Printing Business Explainer Video for Print Shop Owners

Minuteman Press International Inc

Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

December 27, 2021 10:00 AM Eastern Standard Time

Video

Centerboard Announces New Model for Supply Chain Management with Industry-First API Offering

Centerboard

Centerboard, the neutral, shipper-centric transportation management provider, announced today the availability of Centerboard Microservices, API solutions enabling seamless technology integration for shippers and technology providers. Presenting a ground-breaking approach to supply chain access, the cloud-based, a-la-carte offerings give users a fully customizable experience. Reflecting its mission to give shippers complete control over their supply chain, Centerboard’s API offering allows software providers to embed supply chain access into their clients’ existing systems, regardless of the transportation management system (TMS) or enterprise resource planning (ERP) platform. “We’ve spent years working closely with shippers and leading technology providers – not only listening to their needs but building an IT roadmap that directly addresses those needs. The biggest pain point we’ve seen is the lack of neutrality and flexibility regarding technology solutions,” said Lindsey Shellman, Chief Commercial Officer at Centerboard. “The APIs through Centerboard Microservices is a solution that no one else in the industry is offering. We are thrilled to address the complexity of supply chain and let users access shipping functionality from within their existing applications. For the first time, users will have affordable access to technology that provides true visibility and control of their supply chain operations, while eliminating the need to juggle multiple tech stacks.” BluePallet, the first end-to-end commerce platform for the chemical industry, is currently leveraging Centerboard Microservices to increase efficiencies for their users. “Our partnership with Centerboard strengthens the TMS functionality within the existing framework of our marketplace, helping our users spend less time managing multiple supply chain services outside of our platform,” said Pat Salomé, Chief Product Officer at BluePallet. “We are looking forward to our continued partnership with Centerboard to support our network of manufacturers and distributors.” Since rebranding in September, Centerboard has experienced substantial growth with an expanded roster of customers in chemical distribution, and food and beverage industries, including Dien, a leader in North American specialty chemical and ingredient distribution; JSI Store Fixtures, a branded display supplier to major supermarkets, convenience and specialty store chains; and S.L. Fusco, Inc. a Los Angeles based industrial supply distributor. Centerboard has also launched a range of new features, including advanced shipment notifications and enhanced carrier tracking messages. In addition to platform developments, Centerboard continues to invest in its team growth and plans to open a new state-of-the-art office facility this month. To learn more about Centerboard and schedule a demo please visit www.centerboard.com. About Centerboard Centerboard is a neutral, shipper-centric transportation and supply chain management provider supplying shippers with access to a wide range of affordable features needed to take control of operations. Centerboard unlocks business opportunities for shippers, carriers, and supply chain stakeholders, through leveraging real-time data. Contact Details Kite Hill PR for Centerboard Kite Hill PR centerboard@kitehillpr.com Company Website https://www.centerboard.com/

December 16, 2021 09:30 AM Eastern Standard Time

Instant Grocery Startup VOLY raises one of the largest seed rounds in Australia at $18m

VOLY

Australia's first instant online grocery supermarket, VOLY, has raised AU$18M in one of the nation’s largest ever seed rounds led by Sequoia Capital India, with increased backing from Global Founders Capital (GFC) and Australian-based Artesian Capital. This funding round will enable VOLY to continue to scale, expand the team, rapidly increase operations across key urban centres and start the national rollout. Following its launch in July 2021, VOLY has been preparing to take on the rapid food delivery market by delivering groceries to customers at incredible speed. It aims to make ordering groceries as easy and engaging as browsing Instagram and get them to you faster than you could do a trip to the supermarket yourself. Employing its own riders, delivery centre and store staff, VOLY does away with the need for customers to spend time in physical retail environments by giving people the power to order and receive their groceries in minutes. With a delivery promise of 15 minutes or less; VOLY is set to disrupt the +$122bn local grocery industry. Mark Heath, Co-CEO and Co-founder of VOLY, said: “VOLY is here to completely change the way people shop for groceries by giving Australians back their most precious resource, time. Our model, from a fully employed delivery and dispatch team to the way we use electric bikes to deliver, is designed around the way people live. We firmly believe that our customers have a better experience when our riders and other staff are part of the company, working with us.” VOLY retails most key household products available at any major supermarket - from fresh produce to baby formula and cleaning products - everything you could possibly need, available online seven days a week from 8am-10pm. The winning recipe is instant and free delivery, together with the best quality fresh produce; all sold at retail prices. “We’re doing away with the need to do a weekly grocery shop by providing convenience alongside reliability in a market that offers some of the slowest delivery times in the world. By owning our own supply chain, VOLY delivers at blazing fast speed without compromising on price, quality or availability. We source directly from suppliers, store in our own micro-fulfilment centres and deliver using fully employed and mostly full-time staff. VOLY is the supermarket of the future that is built around our customers, not the other way around,” said Thibault Henry, Co-CEO and Co-Founder. The seed funding announcement sets a new record for a food delivery company in Australia with support from Sequoia Capital India, a renowned venture capital firm. The interest in VOLY follows a new wave of investment in Aussie startups seen as world-class tech companies with potential to scale globally. "Australia's grocery market, which sees $90B in annual spends, is a large and profitable space that continues to be dominated by offline retail. The Sequoia Capital India team was impressed by the strong consumer love for VOLY, their compelling value proposition, and an impressive team of repeat founders that has blitzscaled businesses in Australia before. With on-demand models traditionally scaling very successfully in the country, the decision to lead their seed round and help them scale their business across Australia was an easy one to make," said Abheek Anand, Managing Director, Sequoia India. VOLY was co-founded by Mark Heath and Thibault Henry, who are also co-CEOs of the company and have experience working with on-demand technology brands across the food supply and logistics industries. Mark Heath helped launch Uber in Australia after a career at Goldman Sachs and Thibault Henry built, scaled and sold Balto which was a B2B last-mile business with clients such as HelloFresh, Marley Spoon and YouFoodz. VOLY’s management team includes Chief Technology Officer, Anthony Rey, Head of Procurement Lyana Labrode and Head of Marketing, Josh Peacock. VOLY has been an early hit with customers flocking to the app, spiking a rise of new users and incredibly strong week-on-week growth in sales. While currently available in Sydney across 42 suburbs - VOLY has plans to rapidly expand its offering from January 2022 to reach millions more Australians around the country in the coming months and year ahead. The VOLY application is available on both iOS and Android and at https://www.getvoly.com/ Ends Additional media images can be found here. About VOLY VOLY is an online supermarket and delivery service committed to disrupting the Australian grocery market by offering instant grocery delivery to millions of Australians through its mobile app. Setting new standards in the delivery industry, VOLY employs its own people and riders across micro fulfillment centres around Australia, offering household items to its customers in less than 15 minutes of placing an order. The move to employ riders full-time together with a strategy of vertical integration sets VOLY apart from the ‘gig economy’ and enables it to offer speed and quality without compromising on price. For more visit: https://www.getvoly.com/ About Sequoia Capital India Sequoia helps daring founders build legendary companies, from idea to IPO and beyond. Sequoia India operates in Southeast Asia and India where we actively partner with founders from a wide range of companies, across categories, including BYJUs, Carousell, Druva, Gojek, OYO Rooms, Tokopedia, Truecaller, Zilingo, Zomato and more. We spur founders to push the boundaries of what’s possible. In partnering with Sequoia, startups benefit from over 49 years of tribal knowledge and lessons learned working with companies like Airbnb, Alibaba, Apple, Dropbox, Google, LinkedIn and Stripe early on. From the beginning, universities, endowments and other non-profits have been the backbone of our investor base, which means founders’ accomplishments make a meaningful difference. For more information on Sequoia’s work in India and SE Asia, visit sequoiacap.com/india Contact Details VOLY Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.getvoly.com/

December 16, 2021 08:00 AM Eastern Standard Time

Image

Yinan Li, Ex-CTO of Baidu and Former Founder of NIU Technologies Started to Build Electric Vehicles, Brand Name Unveiled as NIUTRON

NIUTRON

BEIJING, CHINA - Media OutReach - 15 December 2021 - Yinan Li, the Ex-CTO of Baidu and Former Founder of NIU Technologies, enters into the electric automotive industry. As a technology industry heavyweight, Li’s NIUTRON is expected to be one of the most valuable electric automotive startups after NIO, Xpeng and Li Auto. After a long influential career in high-tech industry and venture capital, Li founded NIU Technologies in 2014, created one of the most innovative and stylish electric two wheelers. NIU was later listed on Nasdaq in late 2018. After he departed from NIU technologies, Li started the automotive venture in 2018, namely NIUTRON. The Company has since grown to a team of 1,000 R&D personnel, and has received investments from world-leading investors such as IDG and COATUE, in its US$500 million series A fundraising. NIUTRON has achieved several milestones since its founding, including its unique Gemini Platform and a strong product pipeline with many future models. NIUTRON NV, the Company’s first model, is a mid-large sized premium SUV, with “Urban Exploring” as its design concept, encompassing both BEV (Battery Electric Vehicle) and EREV (Extended-Range Electric Vehicle) options to meet the needs of different driving scenarios. NIUTRON NV will be launched and open for pre-order in China in the first half of 2022, and the delivery will start in September of the same year. NIUTRON has already been building a modern manufacturing base of 770,000 square meters, with an annual production capacity of 180,000 units. The manufacturing base will be ready for operation in March 2022. Contact Details Ever Bloom (HK) Communications Consultants Group Limited Ms. Shine Li / Ms. Orianna Ou hkproject.list@everbloom.com.cn

December 15, 2021 09:00 AM Eastern Standard Time

1 ... 106 107 108 109 110 ... 146